The Direction of Cache Privacy Focused Decentralised Finance for All
By: Cache, Privacy Focused Decentralised Finance
Tags: Community Development, Decentralization, Finance And Banking, Privacy, Blockchain Development

Several achievements towards the ambitious aims of Cache have been achieved in the young life of Cache. However, there is still much more to do! The development of Cache is evolving and while The Cache Core Team prefers to look back at achievements the Roadmap for the Future includes:

Mobile Wallet

Multi-Sig Wallets

Hardware Wallet Support

Cache Social Platform

Cache Card

Cache ID

And importantly for this article:

Community Governance

It is right here we can look at the difference between Cache and other projects. The difference is not just the evolving of best in class technologies incorporated into Cache, it is the way the Core Team is going about it.

Projects with ‘Owners’ many have seen. And ‘Rug pulling’, ‘Abandonment’, ‘Ninja Mining’, ‘Dumping to Exchanges’, ‘Back Doors’ and many other dubious tactics and an overall lack of ‘transparency’. And all manner of issues with ‘Premines’.

Projects that aim to solve these issues with Community Governance also face issues. ‘Lack of Funding’, ‘Lack of Resources/Infrastructure’, ‘Lack of Direction’, ‘Lack of Doers’, ‘Doers dropping out because of lack of remuneration’ et al.

Both styles of project are subject to ‘Getting it wrong’ at the core level whether it be core technology, emissions, hyperinflation, etc

The Cache Project is different.

Why? I am so glad you asked! The difference is provided by the Core Values of Cache. This means that remuneration to the Core Team for developing Cache is not ownership of a premine, timely dumps to an exchange or other nefarious profit strategies seen in crypto. The remuneration is a stable, sustainable job as part of the Cache Jobs Ecosystem. Our reward and sustainability are only possible by achieving that particular part of the Roadmap for the Future — Community Governance of a Truly Decentralised Finance Blockchain!

But wait, I thought you said Community Governance has problems developing? Yes, but here is how the difference applies. The design toward developing Community Governance is paying the Core Team and other contributors to make it all happen! It is like incentivized guidance and work to create Cache for a community accessible to all.

Therefore, the Core team must engage IRL (in real life) as well as forward our development of Cache. It is slower but by demonstration it is also happening as we are incentivised to do so.

The Core Values and Roadmap for the Future (which will always be undated) is why the Core Team has referred many things to the Discord community for discussion. The Core Team’s job is to Respond to the Community and guide it to a self-sustaining decentralized finance ecosystem with community governance.

This means we must address issues presented by the community or other modalities as Cache gains more notice for its unique qualities.

Here are some summarised:

$CXCHE’s total supply seems too high. Then the devs made the changes to the emission effectively making it higher compared to emission. $CXCHE Premine! Are Dev’s transparent? Why is it there? Or simply “I hate premines!”. $CXCHE documents are inconsistent and they made changes.

So, what does this mean? It means Core Team is doing its job and taking on feedback!