Zcash founder Zuko Wilcox seems convinced that Bitcoin’s closed community culture will ultimately cause its collapse.
In a recent social media post, he quoted a famous business adage: “Culture eats strategy for breakfast.”
Even if Bitcoin had a good technical strategy and market position, a dysfunctional community (“culture”) would ultimately undermine it. That is why Wilcox is bearish on major coins.
Zooko believes the Bitcoin community has become hostile to innovation and developers. He contrasts this with his desire for Zcash to maintain a “high degree of openness” and allow for evolution.
“I think we’re just trying our best to maintain a high level of openness as a personality trait/habit. Maybe we can design Zcash so that the few users who want to evolve it can do so successfully against the wishes of the majority,” he said.
Feud with Bitcoin Extremists
Zooko’s comments were in response to the recent feud between Alex Pruden (CEO of Aleo) and Bitcoin maximalist “Coinjoined Chris,” also known as the co-founder and CEO of Seedor.
Pruden claimed that his team has released tools to protect Bitcoin from future quantum computing threats.
However, “Coinjoined Chris” took a dismissive stance, ridiculing the effort and calling it a “scam.”
Pruden lamented that the “high priest community of Bitcoin” is toxic and scares away serious developers who actually want to solve Bitcoin’s problems.
If there is a culture that rejects developers and new solutions (such as post-quantum security), Bitcoin will eventually fail to adapt to existential threats, no matter how strong its current price or strategy.
However, as reported by U.Today, Strategy’s Saylor recently opined that Bitcoin developers will eventually adopt fixes to counter quantum threats, dismissing concerns that the high degree of decentralization within the community could make the process too long.
