Zcash’s Token Voting Dilemma Shows the Limits of Decentralized Governance

[bonk]

Buterin’s critique highlights a long-running tension in decentralized governance:

Token voting risks privacy erosion, whale dominance, and low accountability.

Committees risk stagnation, lack of feedback, and detachment from outcomes.

Community voices, including Naval and Darklight, warn that both models carry structural weaknesses.
Meanwhile, Zcash’s recent rally to $723 — before dropping to ~$448 — has intensified pressure to choose a governance model that aligns with the project’s long-term vision.

[JanEmil]

Why is voting needed? Can't the developers think by them self?

[Nahid Hossen]

Zcash’s voting dilemma exposes the real challenges behind decentralized governance.

[Rimon Khan]

This debate shows that decentralization isn’t always a simple solution.

[Rimon Khan]

Token voting risks privacy erosion, whale dominance, and low accountability.