20%. There are tons of coins released recently before zcash on this broken tech.

Isn't it 20?

Yes.

I think that's a fair share given the amount of work that's gone into it.

First time I've heard of this practice, it's a very very large percent of the pie. Makes me wonder why they don't just mine?

The alternative is premining. The went for this model because it it more transparent.

Really? So Bitcoin and Monero only work because of their premine...?

Although I think it is obvious. I mention it anyway. The founders fee that goes to the developers is meant to fund the development for the next four years.

If you don't like that, there is already the Zclassic fork wihout the founders fee.

You know that it's forked from Bitcoin right? What portion of the tax is being given to the Bitcoin developers?

Is that 10% in perpetuity?

20% of coins mined in first 4 years, 0% thereafter:

"At first, 50 ZEC will be created every ten minutes. 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders.

Every four years, the rate of ZEC being created will halve (again, just like in Bitcoin). After the first four years the ZEC created per ten minutes will drop to 25ⓩ, but after the first four years, 100% of it goes to the miners."

https://z.cash/blog/funding.html

"At first, 50 ZEC will be created every ten minutes. 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders.

Every four years, the rate of ZEC being created will halve (again, just like in Bitcoin). After the first four years the ZEC created per ten minutes will drop to 25ⓩ, but after the first four years, 100% of it goes to the miners."

https://z.cash/blog/founders-reward-transfers.html

Too late to edit and I wanted to quote the second link correctly:

"The 10% of the total supply that makes up the Founders' Reward is distributed between launch and the first halving (at block 850,000). During this period (which will last approximately four years), half of the total monetary base will be generated. After the first halving, there will be no more Founders' Reward, and all newly-created ⓩ will be received by miners."

https://z.cash/blog/founders-reward-transfers.html

I make no judgment on whether this is good, or bad, or other, just wanted to present the source's position on the matter.

They are taking 20% during the most important period of distribution. That is worse than any kind of premine. All Zerocoin based coins had the same ridiculous rewards and all dead yet or barely breathing.

No; it's 20% of the first half, the distribution of the first four years...

Which amounts to 10% of the total coins that will be ever possible to create.

So? All crypto currency have some system to pay the developers, most do pre-mining. They use a different model.

Not _all_ cryptocurrencies, no - it's mostly just the scammy ones of little genuine utility and/or technological merit.

Both Bitcoin and Monero have fair distribution; development of neither is done by for-profit LLCs financially supported by any pre-mine, miner tax, insider investment/ICO, or other fancy scheme paid out by either the underlying monetary system or taxed from the users and/or those securing the network, and while Blockstream Inc. does employ Bitcoin Core developers, Monero development is entirely decentralized without even a foundation to its name.

The vast vast majority of bticoins are in the hands of early adopters. It was effectively a premine.

The original comment purports that ridiculous enrichment schemes are a carpet necessary evil for initial and continued development of cryptocurrencies, which is simply not true - what you're pointing out is a different argument.