Topic: [ANN][BTCZ] BitcoinZ - Low Fees, 100% Community, POW-Equihash No-Premine No-Tax - page 284. (Read 343715 times)

A BIT OF CLARIFICATION

Hello fellow BTCZ Community.  I would like to clarify the questions surrounding the voting system in the Community Paper (whitepaper). 

In the paper, the voting system was purposely described with a degree of generality.  The reason being, we encourage the proposer to determine the voting system for their particular proposal. We also didn't suggest any particular platforms to use, but it was written in a way to impose on the proposer the use of a fair system that, for example, eliminates dupes via IP, cookies, or whatever else exists in our abundant technology world.  It was further intended to communicate that the community, for example, would decide if the platform itself is indeed known to produce fair voting results.  Again, it is not the intention to confine the proposer to a voting system written in the paper, that's why none was suggested. 

This is the nature of decentralization, not to confine anyone to what the 'dev team' says, or what the paper says you must use as a voting platform.  The only intention is to keep everything fair, and to protect the BitcoinZ blockchain, the BitcoinZ community, and future holders of BitcoinZ for many many years to come.

In the coming days we will be updating the Community Paper. It's already dated due to the fast pace that we've been moving.  Also, there will be clarification based on all of the questions and feedback we've been receiving.  This is only meant to make sure the community continues to understand the vision of fairness and freedom of BitcoinZ. 

-cryptorex

After reading last few pages - it seems to me that 90% of the comments are sponsored.

I am not a hater, but I don't understand why would I use BTCZ instead of BTC?

Send BTCZ donation.

Good luck and thanks for the work.

Awesome! Thanks a lot for the detailed reply. Appreciate you taking the time.

BitcoinZ is a bitcoin compatible cryptocurrency = its based off bitcoin which zcash is based off, and its compatible with many things like all the remote procedure calls (RPC) to the coinbase daemon (zcashd) and deterministic wallets, its a bit different if you go technical as it has 22 byte addresses instead of 21 bytes. The address starts with t1, which perhaps someone could disagree with and say it would be better to change it to b2, and that could be Proposed and voted on etc.

Additionally, it enables the portability and compatibility with BitcoinZ and other cryptocurrency blockchains. = It refers to the line above it which is talking about BitcoinZ can be mined with only GPU and shares similarities with other cryptocurrency blockchains.

To be frank and honest and to answer the question of WHY IS THIS DIFFERENT?! = Its yet to be seen, but it has been told. Bitcoin, and most to all crypto currencies have a dev team, and a corporation like setup with managers etc and they pay the employees and the coin is ran in this fashion. The DIFFERENCE is that BitcoinZ is completely decentralized. Which makes it much different than many coins/tokens/chains. Do not be surprised if we see many websites and no centralized website.

Maybe we can find out what it is by knowing what it is not?

1. It it not made for a certain purpose like 'selling gaming tokens'.
2. It does not have a developers fee.


What does it have?

1. It swaps a unit of value backed by Proof of Work, the miners work. All that energy that took place to mine the block.
2. Decentralization, no one monarchy which controls the coin and makes the decisions. Looking at the roadmap we can see that there will be a system implemented for proposal voting and thats going to give direction to the chain. In this proposal system it perhaps will have how donated funds will be managed; as donations in BTCZ are already flowing in.
3. An active community.

What secret weapon does this coin have? For example z_address isn't new. Wallets for all platforms isn't new.

None of it is new, but the secret weapon is how it will be implemented. We have yet to see this.
I know that I and some other developers are working on making it possible to exchange BTCZ to all other top altcoins directly from the wallet by inputting the address or scanning a QR code of other currencies. Now this is some work. Its not a secret weapon, because you could login to an exchange, deposit, sell and withdrawal. But in this way it will all be automatic and user friendly. I believe that most people want crypto to be safe, fun, mine-able, and easy to use. The real direction I believe is for new comers to crypto because there will be a huge wave in the coming years and BitcoinZ is paving the path. As Bitcoin is being ripped down by new forks. BitcoinZ will build up a decentralized coin, free of all the entities that Bitcoin made itself hostage of. When you think of BitcoinZ think of 'decentralized' but REALLY decentralized. Make sure its decentralized. Its not 'decentralized' because someone said it was decentralized. Make sure that the development is coming from many groups in many nations, independent of each other but united on working together on the BitcoinZ blockchain.

-hellomoto

Getting tired of being told to read the white paper. I have read the white paper. That quote is from the white paper. The white paper is very high level and uses terms like I quoted but without explaining them.

Please explain the "symbiosis of Bitcoin and Zcash" - what does this mean? It's basically just a rephrasing of what I bolded in my quote from the white paper, as it's a nice sounding phrase but without any substantive explanation of how this ACTUALLY functions.

Don't get me wrong... I am just doing my due diligence. I've been mining btcz for a few days now and been in the Discord asking questions etc. When people make huge claims about a new coin, they need to be prepared for rigorous investigation into what underpins those claims, otherwise they're simply expecting people to jump on board out of blind faith. There are currently 1170 coins/tokens/platforms listed on CoinMarketCap and people quite rightly want to know answers to questions such as "OK, sounds nice, but why this coin - what does it offer that others don't, and why would it get mass adoption, and why would it take market share away from the existing competition that already has a strong presence on exchanges?".

There are idiot trolls here who like to shitpost new coin announcment threads... I'm not doing that. I'm trying to find answers to questions that aren't on the website, aren't in this thread, and aren't in the white paper.

im mining btcz @ suprnova i will be supporting this donation, the quicker the better

I have emailed Ocminer supernova pool operator regarding donations on a voluntary basis as outlined in previous post.

yes I would like to know how you came to that conclusion also

Hey man, unique is the symbiosis of Bitcoin and ZCash, especially the totally anonymous transfer by zkSNARK tech.
Please read the white paper: https://bitcoinz.site/wp-content/uploads/2017/10/Community_Paper_Finalv1.0.0_20171007.pdf

It is Bitcoin 2.0!

In 2009 to 2011 I was sleeping away Bitcoin, the second chance with BitcoinZ for sure I do not!

this project is fake, now, I'm sorry

Wow guys what a community we have here,fantastic response to my idea and some very generous offers to help with listings,I agree Bittrex would be best option but we should do a vote so everyone can have a say,I will message Ocminer supernova pool owner and ask him to add a voluntary 0.5% donation and see if he can show which miners are donating like he does for pool donations,maybe other pool owners would offer this option also.i think keeping donations with pool and having a transparent BitcoinZ address where we can check how it going might be our best option for moments.

Working on Monday for the web site. Have hired a photoshop designer to make the bitcoinz gold coin picture better.

Yep - I'm in and have been mining and considering running a node wallet but I'm still waiting to see if anyone can describe what is genuinely unique about this coin? Other than engaged community members and self-interested miners, why would anyone else care about this equihash coin with a huge total supply?

And this is a serious question, not a troll in any way. What does BitcoinZ offer that no other coin does?

This part of the whitepaper is really confusing:
How is this "bitcoin compatible" - I'm not even sure what that means.

And what does that last highlighted sentence mean - portability and compatibility how?

Fair questions...

Personally, i like to mine it, rewards are above 1. Roadmap is realistic. Community is forming around it.  Time will tell if i was wrong.

I will mine this coin all time. I whish all best for dev team.

hmmm please not another GPU Bitcoin. don't get me wrong but what's the value of this coin?

Good community? Yeah maybe, but why another coin to create?

Look at Bitcore - BTX they done this job several months ago and doing a very good job so far.

I don't know what to think about this project. Maybe future announcements will convince me.

What a nice domain name to have.

Good name - you need to get a nice sleek design web site there.

FREQUENTLY ASKED QUESTIONS ( FAQ )

We have an FAQ on discord (#faq channel) and Reddit.

https://discordapp.com/invite/u3dkbFs

https://www.reddit.com/r/BTCZCommunity/comments/767gco/frequently_asked_questions_faq/

comments 'on' in Reddit FAQ so we may add to it as community continues forward.