2026-01-10 21:22:06

ZEC's 30% drop this time directly scared out a wave of retail investors. Looking at the comment section, it's all voices like "project team ran away." But to be honest — if it's really just a run, it's not that scary. Just admit the loss and cut your losses, and it's over.

What really cuts deep is what this exposes: complete governance failure.

Over the years, I've seen how FTX exploded and witnessed countless projects fall from their peaks. There's a data point that really illustrates the issue — in cases where crypto projects fail, 80% are not due to technical problems, but because the team’s decision-making and governance framework collapsed. The core team leaving Zcash this time is a vivid lesson, even more chilling than a simple run.

**The real reason behind the market sell-off isn't that complicated**

Many people think it's due to poor technology, but that's a misconception. Zcash's zero-knowledge proof technology is still among the top in the privacy track. When it launched, it was highly anticipated, with some even saying it could reshape the entire crypto transaction ecosystem. Technologically, there's no problem.

The issue is: no one is working anymore.

The core development team of a project understands the internal operations best and is most capable of pushing things forward. If these people all leave, the existing governance system becomes useless. It's like a company's R&D department collectively resigning — can the stock price look good? Even more heartbreaking, the conflict isn't about "whether to do the work" but about the "how we do the work" route dispute. This kind of rift in consensus is even harder to mend than a run.

ZEC3,74%

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ser_ngmi

· 14h ago

Governance failure is indeed more deadly than poor technology, this point hits hard. It's just that the team leaving feels like ZEC has long been laying the groundwork. Basically, it's about losing trust and the team being unable to lead. No matter how strong the technology is, it's useless. Retail investors getting scared and clearing their positions is well-deserved; they can't see the situation clearly and follow the trend. The core team has completely dispersed, and they still want to save the project? Don't be funny. This is probably the fate of privacy coins; they have never built a true ecosystem. Team departure = a death sentence, there's nothing to argue about. Compared to running away, governance collapse is indeed more hopeless; there's no way to turn things around. ZEC is a textbook negative example this time; everyone should be cautious of their own project teams.

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MoodFollowsPrice

· 01-11 06:39

The core team falling apart is even more heartbreaking than a technical collapse; that's the real killer. Once governance fails, it's hard to save, and ZEC has truly made people see clearly this time. Everyone has left; even the best technology is useless now.

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Anon32942

· 01-10 21:52

Governance failure is more hopeless than a runaway, and that's true. I've seen too many projects with no technical issues but end up dying due to internal conflicts.

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BearMarketBro

· 01-10 21:50

The core team has dispersed, which is more hopeless than running away... That's why projects with governance collapse are the most critical. --- In other words, no one is working; no matter how advanced the technology is, it's useless. --- Disputes over the roadmap can't be patched up; that's the real dead end. --- 80% of project failures are due to poor decision-making; these stats are harsh. --- Retail investors are still shouting "run away," haha... too naive. --- Team departure = project cools down; everyone should understand this logic. --- This time, Zcash clearly exposed the problems. --- Governance failure is more deadly than technical issues. --- Watching the once top-tier project just like this, it's a bit tragic.

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OldLeekNewSickle

· 01-10 21:38

Governance failure is even more desperate than a run, this is the real mechanism of cutting the leeks. --- If the core team leaves, it's game over. No matter how awesome the technology is, it's useless. --- 80% of projects fail due to poor decision-making, and I am one of the unlucky ones who lost out in that 80%. --- Projects with no one working on them, just sitting there, are more painful than a direct dump, really. --- Disputes over the route can't be patched up; this thing is just rotten there, worse than a run. --- Honestly, it's still a problem with the distribution of chips. Team rifts are just the beginning of a capital scheme collapse. --- Top-tier technology but governance collapses; I see this as a textbook-level negative example. --- Retail investors being scared out isn't really unfair; projects without consensus are indeed dangerous.

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