The high price was due to lack of supply. The volume was also very low.
Supply was severely constrained - there was less than 1 ZEC on Polo at the time. Volume, however, was not low. There was over 1000 BTC of trade during the hour of the bubble.
Topic: Thoughts on Zcash? - page 28. (Read 123380 times)
Supply was severely constrained - there was less than 1 ZEC on Polo at the time. Volume, however, was not low. There was over 1000 BTC of trade during the hour of the bubble.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.
The first days (or even weeks) on exchange were nuts, and such prices doesn't only make sense because there isn't real use yet - that's the case for nearly all Cryptocurrency-and blockchain-projects when they start. It was a combination of hype and very very limited supply.
That said, it will need some time. And if there won't be bugs and catastrophes and if people are not concerned about the trusted setup Zcash may establish itself over time and also grow into real use-cases. But it's impossible to predict.
The high price was due to lack of supply. The volume was also very low.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.
The first days (or even weeks) on exchange were nuts, and such prices doesn't only make sense because there isn't real use yet - that's the case for nearly all Cryptocurrency-and blockchain-projects when they start. It was a combination of hype and very very limited supply.
That said, it will need some time. And if there won't be bugs and catastrophes and if people are not concerned about the trusted setup Zcash may establish itself over time and also grow into real use-cases. But it's impossible to predict.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.
The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.
The zcash miner will still dump this coin for a long time later. It was a very bad coin with the big hype at the early time over 3k btc and in this time was shooting down into below 0.05 for each. The adoption by new market won't giving anything for zcash except the dump will always continuously.People really want an anonymous, fungible cryptocurrency like this.
There are already fungible coins on the market, which are much more fungible than zcash. In fact, zcash is one of the least fungible coins around, because of this option to "go anonymous" OR NOT. As such, there are 2 kinds of zcash: those that are "pure" and never got dirty on "getting anonymous" (mined in the clear, and bitcoin-style traceable). These have the same fungibility aspects as bitcoin (that is, they can be colored).
And then there are the anonymous notes of zcash, which are AUTOMATICALLY stamped "anonymous" and maybe "suspicious", but which, amongst themselves, are perfectly fungible.
Now, THAT's a mess. More than 90% of zcash is "bitcoin style" just as colorable, and 10% is "anonymous" fungible.
If you compare that to something like monero, or shadowcash or the like, the coins are much, much more fungible, because much much more alike, and essentially impossible to colour without ending up colouring the whole chain.
Making anonymity an option is the biggest blunder zcash ever made. It is a no-go.
The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.
The zcash miner will still dump this coin for a long time later. It was a very bad coin with the big hype at the early time over 3k btc and in this time was shooting down into below 0.05 for each. The adoption by new market won't giving anything for zcash except the dump will always continuously.
The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.
I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...
Could it be that your relationship or acquaintance with Zooko has coloured your impression of this coin? Because from where I stand, it was nothing more than your average altcoin pump, based on hype that had no more basis than any of the other myriad pumps in cryptoland.
Internet relationship. A few emails, some chat. I participated in one of his projects way back. Reading his stuff since then ...
None of that has anything to do with my belief that zksnarks or something similar are an important building block. Prior to mimble-wimble I would have said zcash was the only anon cryptocurrency to hold (I would use Monero to break the chain but get back out of it asap). The way zcash has been done isn't consistent with that, so now I guess we're waiting for another zksnark type of CC. Disappointing.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
There are many anonymous crypto currency right now and what is the use for another currency.If you are looking for anonymous coins Monero is doing that job as it is used in the dark market and it is popular over there, the price of Zcash was pure speculative price and to be frank i do not know the real use of the coin other than trading . People really want an anonymous, fungible cryptocurrency like this.
I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...
Could it be that your relationship or acquaintance with Zooko has coloured your impression of this coin? Because from where I stand, it was nothing more than your average altcoin pump, based on hype that had no more basis than any of the other myriad pumps in cryptoland.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
Yes they do. But not this corporate moneygrab scheme.
I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
Yes they do. But not this corporate moneygrab scheme.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
Have they managed to make anonymous transactions actually work?
Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.
Have they managed to make anonymous transactions actually work?
I think too many people was screaming and shouting about zcash and that made it too hyped and led to the big disaster it is now. I will buy some eventually but not before I see it flatline for a few months first.
It will need over a year to get recover about its price. Supply was telling a lot about the future of zcash.It will stay at the low level for some years later. A lot of the big miner was dumping it until the next year in my speculation.that big miner being the 'founders' and their 20% take the first 4 years.. is my guess (assuming I know how this works correctly...which is debatable)
Your guess is right.
I think too many people was screaming and shouting about zcash and that made it too hyped and led to the big disaster it is now. I will buy some eventually but not before I see it flatline for a few months first.
It will need over a year to get recover about its price. Supply was telling a lot about the future of zcash.It will stay at the low level for some years later. A lot of the big miner was dumping it until the next year in my speculation.that big miner being the 'founders' and their 20% take the first 4 years.. is my guess (assuming I know how this works correctly...which is debatable)
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