> With this approach, the founders are incentivized to support Zcash for the long haul (at least for four years), and they have limited ability to pump-and-dump.
I don't see how anyone can audit that statement since the transactions are encrypted .
Couldn't one audit the code? Provided zcash itself doesn't have 51% or more of the mining network post launch the open source code should be verifiable and needs to have some special case to route the "founder reward". Though I admit I haven't looked through the source code so I may be missing something.