đ„ VITALIK SLAMS TOKEN VOTING FOR ZCASH
âEthereum founder Vitalik Buterin has called token-based governance "worse" than Zcash's ($ZEC) current status quo, arguing that it poses a significant threat to the privacy project.
âButerin's core concern is that token voting, often criticized for creating plutocracies where large holders dominate, would be especially damaging to Zcash.
âRisk to Privacy: Decisions guided by the median token holder may not prioritize Zcash's fundamental privacy guarantees, potentially leading to the compromise of its core mission.
âCentralization Risk: It undermines decentralization by empowering a few large entities, which is contrary to the spirit of a private, censorship-resistant currency.
âHe prefers Zcash's current model, which relies on developer teams and community consensus, over the inherent plutocratic risks of ZEC token voting.