Dragonfly Investor Perspective: The Path of Ecosystem Resilience for Zcash and BitTorrent

In the turbulence of the cryptocurrency market, why are some projects able to survive long-term? Recently, Dragonfly’s managing partner Haseeb shared an interesting analogy on social media, comparing Zcash and BitTorrent—two seemingly different protocols in different fields.

The Ecological Logic Behind Upholding Principles

Haseeb pointed out that the reason BitTorrent has continued to operate without being suppressed by regulation is due to its unwavering commitment to decentralization principles and clear legitimate use cases. The same logic applies to Zcash: this privacy coin project has not deviated from its original technical intent; instead, its adherence to the “righteous mission” has allowed it to survive amidst industry turbulence.

This persistence is not a passive response but stems from the core beliefs within the project. The “true believers” spirit demonstrated by the Zcash team and the “cypherpunk” culture enable it to maintain ecological integrity despite policy risks and market volatility.

The Power of Ecological Consensus

It is worth noting that this viewpoint has been echoed within the Zcash ecosystem. Josh Swihart, a representative of the Zcash community, later reposted and supported this insight, reflecting a consensus within the ecosystem regarding the project’s value proposition.

When developers, investors, and the community of a project can reach an agreement on core values, its ecological resilience is strengthened regardless of market changes. This may be the deeper reason why Zcash and BitTorrent can survive long-term.