Opening the market software and seeing ZEC plummet straight down by 30%, what's your first reaction? Most likely the same as mine—another project has爆了? After so many years in the crypto space, scams, disappearances, and team infighting are old tricks. But upon digging into the community, the situation is even more outrageous than a scam— the core development team ECC didn't run off with the money or blame each other; instead, they openly announced they are "setting up a new organization."
This bold move completely confused the market. Behind the 30% drop, half is panic selling, and the other half is questions: a perfectly fine project, why does the team need to split up? Is it internal conflicts, or are there deeper reasons?
**It's not internal fighting; the system itself is stuck**
On January 8th, ECC's CEO issued a statement, which boiled down to two words: the framework is broken. This non-profit organization is increasingly out of sync with the project's mission, to the point where they can no longer work together. He used a technical term "presumed dismissal"—sounds official, but translated, it means: it’s not that we want to leave, but the rules forced us out.
Imagine this scene: a group of engineers who truly want to build products, being tightly constrained by the non-profit organization's rules every day. The fundraising process is cumbersome, employee incentives are unappealing, and pursuing commercial exploration requires countless approval layers. It’s like asking athletes to run sprints in winter clothes—they can’t run fast, and they can’t breathe.
The ECC team’s final choice was straightforward: they’re quitting. Instead of suffering within this system, they’d rather withdraw and rebuild a functioning organizational structure themselves. This decision was bold, but it reflects deeper issues—conflicts between non-profit governance and commercial needs in the crypto ecosystem will inevitably erupt sooner or later.
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GateUser-ecd54334
· 13h ago
2026 Go Go Go 👊
View OriginalReply0
GateUser-a84a0fdb
· 14h ago
Short until death... (or "I'll short until I die...")
Opening the market software and seeing ZEC plummet straight down by 30%, what's your first reaction? Most likely the same as mine—another project has爆了? After so many years in the crypto space, scams, disappearances, and team infighting are old tricks. But upon digging into the community, the situation is even more outrageous than a scam— the core development team ECC didn't run off with the money or blame each other; instead, they openly announced they are "setting up a new organization."
This bold move completely confused the market. Behind the 30% drop, half is panic selling, and the other half is questions: a perfectly fine project, why does the team need to split up? Is it internal conflicts, or are there deeper reasons?
**It's not internal fighting; the system itself is stuck**
On January 8th, ECC's CEO issued a statement, which boiled down to two words: the framework is broken. This non-profit organization is increasingly out of sync with the project's mission, to the point where they can no longer work together. He used a technical term "presumed dismissal"—sounds official, but translated, it means: it’s not that we want to leave, but the rules forced us out.
Imagine this scene: a group of engineers who truly want to build products, being tightly constrained by the non-profit organization's rules every day. The fundraising process is cumbersome, employee incentives are unappealing, and pursuing commercial exploration requires countless approval layers. It’s like asking athletes to run sprints in winter clothes—they can’t run fast, and they can’t breathe.
The ECC team’s final choice was straightforward: they’re quitting. Instead of suffering within this system, they’d rather withdraw and rebuild a functioning organizational structure themselves. This decision was bold, but it reflects deeper issues—conflicts between non-profit governance and commercial needs in the crypto ecosystem will inevitably erupt sooner or later.