Money 2.0 Stuff: Fork this newsletter to take my salary
Taking donations for Xcash
Today, Zcash community member hloo
announced Ycash, advertised as the first “friendly fork” of Zcash. The friendly fork is originally a Zooko construction, with him noting that, distinct from most other chain forks, a friendly fork results when there’s one persistent blockchain and no schism in the community.
Ycash presents 3 major changes to Zcash:
1. Ycash will reduce the Founders Reward rate from 20% to a perpetual 5%, which will exactly preserve the original 21 million coin cap on the Founders Reward.
2. Ycash will direct the remaining Founders Reward to a newly formed nonprofit named the Ycash Foundation.
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