The cryptocurrency zCash (ZEC) was offered based on a misguided interpretation of what Bitcoin was meant to be. Confusing privacy with anonymity, the developers created a system that allows for zero-knowledge proofs, meaning that senders, receivers and amounts are kept completely private. While it has become somewhat more open, allowing configurable transparency to appease exchanges and wallets that don\u2019t support anonymous tokens, its business model is flawed and will have a difficult time surviving as more regulations for the cryptocurrency industry are introduced. This may be part of the reason that the company behind the coin, Electric Coin Company (ECC), is seeing significant financial losses. According to a self-titled \u201cTransparency Report\u201d for the first quarter of 2019, which was just released (in pdf) last week, monthly expenses at the company were around $635,000, \u201cincluding employee compensation paid in ZEC at the Q1 price of roughly $55.\u201d This compared to income of around $449,000 for the same period, pro\u00a0 saw its holdings increase, though, explaining, \u201cThe company\u2019s first quarter ending amount of USD and Zcash was approximately $5.2M. The company currently holds approximately $6.4M worth of USD and Zcash.\u201d ECC explains that the funds received were used \u201cto develop and support the Zcash technology and community. ECC\u2019s three strategic priorities are to drive adoption while maintaining quality, invest in the team, and increase openness and collaboration. Our actions are aligned to those priorities. The activities below included work in the first quarter of 2019. In some cases, we reference work that was since completed but in progress during this time period.\u201d Those activities include research & development, engineering and education. The performance numbers may have just been made public, but the company obviously keeps its finger on the financial pulse at all times. This past July, Zooko Wilcox, the CEO of ECC and co-founder of ZEC, penned a Medium post about possibly having to reach out for more investment funds, or look for other ways to gain greater stability. The digital currency also suffered a minor setback in the middle of August when it was announced that, because of Brexit, Coinbase decided to drop its support of ZEC.