[Dragonfly Partner: Zcash Still Needs a Development Fund, But It Should End After Protocol Finalization] BlockBeats News, September 18 – Dragonfly Managing Partner Haseeb Qureshi commented on the Zcash development fund controversy, stating that the Zcash community has positioned itself as the 'crypto version of Bitcoin' and has rejected adding more features to the protocol. To become a reliable store of value, Zcash will eventually need to achieve protocol finalization. However, for now, it still requires progress on Tachyon, quantum resistance, and comprehensive formal verification to address AI network attacks. Therefore, it is not suitable for finalization within the next one to two years. The development fund has played a necessary role during the phase when private funding to support Zcash development was lacking. Under the current rules, the fund is set to expire in 2028. However, with the significant increase in ZEC prices, the fund's scale has expanded by an order of magnitude. Once the fund exceeds $100 million, it will inevitably become institutionalized and face the risk of grant mechanisms being politicized. Haseeb advocates for retaining the development fund for now to complete the remaining technical work before protocol finalization, but this round should be the last development fund. Once Zcash meets the conditions for finalization, the fund should gradually end rather than continue seeking new funding projects. Future development needs could then be funded spontaneously by token holders and ecosystem supporters, similar to Bitcoin. In terms of governance, Haseeb opposes governance solely through token holder voting, arguing that a store of value asset requires policy predictability, and pure token governance is too volatile. He supports limited participation by token holders and believes that committee governance, despite its flaws, may be a more viable solution. Haseeb also disclosed that Dragonfly holds ZEC, and he himself is a ZODL investor, though ZODL does not directly benefit from the development fund. [Original Link]