Investor known as Big Z says he plans to sell his entire ZEC position, turning Zcash’s grant-funding debate into a public exit threat. The dispute is about an automatic allocation: Zcash Community Grants receives 8% of newly issued ZEC to fund ecosystem projects.
Zcash co-founder Sean Bowe has proposed ending that flow. He says the grants program already holds more than $125 million and was never designed to manage that much funding. Under his draft, the 8% would instead go to the Network Sustainability Mechanism, a reserve that withholds coins now and returns them later through mining rewards. The proposal would stop future automatic funding, but leave the existing grants treasury in place, so it wouldn’t resolve what should happen to the money already accumulated.
Investor Naval Ravikant has backed a proposed $50 million ceiling for community grants, putting a second approach into the debate. The live question is therefore not only whether future issuance keeps flowing to the grants program, but how much control and oversight its existing pool should carry.
Big Z’s stated plan matters because it turns disagreement over funding structure into a visible confidence shock, rather than leaving it inside governance proposals. The funding proposal itself is still a draft, and how the community handles the existing treasury remains unresolved.