A Break From Nonprofit Constraints and Governance Tensions

[johnblockbuster]

The wallet announcement followed the team’s exit from Electric Coin Company after internal disagreements over nonprofit rules and governance structure. According to Swihart, the split was necessary to preserve Zcash’s cypherpunk roots and to operate with greater speed and independence.

He argued that privacy should be as normal in digital transactions as it is with physical cash, and that defending this principle requires an organization free from bureaucratic constraints. Swihart also noted that mixing nonprofit foundations with startup-style development has historically created friction in crypto, slowing innovation when agility is most needed.

[ed]

privacy being treated like a default instead of a feature is still the real fight