Why Zashi Became the Flashpoint

[nihalsari]

The dispute centered on how a nonprofit can manage assets like Zashi without violating its fiduciary duties. Bootstrap said proposed transaction structures could expose Zcash to legal and political risks, including lawsuits from donors that might force deals to be unwound and assets transferred back to private entities.

As a 501(c)(3) organization, Bootstrap argued it must ensure that any restructuring serves the public good and does not allow open-source infrastructure to be captured for private benefit. The nonprofit emphasized that Zcash itself remains fully open-source and decentralized, with no single entity controlling the protocol or its codebase.

[tradelikepro]

open source + money + governance is always where things get messy