Gemini co-founder:Zcash There is no need to redesign the governance mechanism; its core mission is privacy
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AT A GLANCE
Cameron Winklevoss said Zcash should focus on privacy, does not need to reset its governance, and called for ending ZCG。
Article
Gemini co-founder:Zcash There is no need to redesign the governance mechanism; its core mission is privacy
BlockBeats reported that,October 30，Gemini co-founder Cameron Winklevoss posted on X, stating that Zcash there is no need to redesign the governance mechanism. The stakeholder voting mechanism has operated in capital markets for hundreds of years, and token-holder voting is simply its on-chain form. He emphasized that experimental governance is not the mission of Zcash; privacy is its core objective, and he called for ending Zcash Community Grants（ZCG） and the interference and divergence of objectives it brings.
Previously, Winklevoss Asset, owned by the Winklevoss brothers, had filed with the U.S. Securities and Exchange Commission (SEC) a Winklevoss Zcash ETF's S-1 registration statement. The ETF proposes to directly hold ZEC, with plans to list on Nasdaq under the ticker WINK, at a fee rate of 0.25%, with Gemini Trust Company serving as custodian.
Original link https://m.theblockbeats.info/flash/374560
Key points
01
October 30, Cameron Winklevoss posted on X, stating that Zcash there is no need to redesign the governance mechanism.
02
He said the stakeholder voting mechanism has operated in capital markets for hundreds of years, and token-holder voting is its on-chain form.
03
He said experimental governance is not Zcash's mission; privacy is its core objective.
04
He called for ending Zcash Community Grants（ZCG）。
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Previously, Winklevoss Asset had filed with the U.S. Securities and Exchange Commission (SEC) a Winklevoss Zcash ETF's S-1 registration statement.
06
The ETF proposes to directly hold ZEC, with plans to list on Nasdaq under the ticker WINK at a fee rate of 0.25%, with Gemini Trust Company serving as custodian.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news contains two parts: Cameron Winklevoss advocates putting Zcash privacy at the core, retaining token-holder voting, and ending ZCG; the other part is that Winklevoss Asset previously filed a registration statement for an ETF that proposes to directly hold ZEC's ETF The former is an individual governance position, while the latter is a product application and plan and does not mean it has already been approved or listed.
Why it matters to readers
These remarks brought the divergence between Zcash's privacy objective and its governance arrangements to the fore; meanwhile, the registration statement for ZEC's ETF which proposes to directly hold, may attract market attention, but the evidence does not show that the product has been approved, listed, or received inflows.
Beginners should distinguish between “public statements,” “filing a registration statement,” and “formal implementation or approval”: a statement does not mean the community has already changed its governance, and filing S-1 also does not mean ETF has already been listed.
Risks and unknowns
The report did not state whether Zcash the community would accept the proposal to end ZCG nor did it provide any relevant voting or implementation results.
ETF Whether it has obtained SEC approval, when it will be listed, and whether it can operate under the stated ticker and fee rate cannot be confirmed from the evidence.
The news is mainly based on media reports; the evidence does not provide the text of the X post or the contents of the regulatory filing for independent verification.
Related Developments
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The evidence provides no ZEC price, trading volume, or capital-flow data, so the market impact cannot be determined.
Related concepts
stakeholder voting
This term is not in the glossary yet. Browse related concepts in the glossary.
