Topic: Thoughts on Zcash? - page 33. (Read 123362 times)

Of course it is a Altcoin. Sorry you are disappointed.
Confusing you still buying and are disappointed, but you will not stop buying.

So weird...

boi - 4 years is like a millenium in this scene!

This doesn't make sense - gold and silver markets are manipulated DOWNWARD, not upward. I believe this is done via "naked shorting" - currently the infrastructure to naked short bitcoin does not exist. If the Fed prints money to buy up gold or bitcoin, they make it more valuable, and thus more likely to be held. The only thing that would make sense to kill bitcoin would be to "corner the market", which will be difficult for even the Fed, given that bitcoin has an $11 billion market cap right now. Remember also that as the USD price of bitcoin goes up, forex arbitrage opportunities present themselves...

ZeroPond is an absolute waste. They are now making thousands of excuses for their bad performance. Both Genesis-Mining & Zcash-Miner are good. The only difference is Zcash-Miner contracts last for 3 months as against Genesis-Mining's 1 year contract. Hence Zcash-Miner contracts cost 1/4^th that of Genesis-Mining. Both are offering free mining in Slow-Start mining period.

The only people buying to hold at these inflated prices are the derisible and delusional souls who think themselves the new crypto leet.

Is anyone buying at this price? I think it's too high, and it will keep going down, the question is when is it going to start going up? Maybe 0.1 is the magic number? Maybe 0.1 is too high and we are going to see prices as low as 0.015 like ETH? well, that would suck, given the small supply... I dont know what the fuck to do to be honest.

Zcash is really expensive i see it on the exchange website that this is like for rich only zcash price when i visited exchange website is 47bitcoin and i think the develor is having a good time playing around with people and now there is zcash classic lmao.

Another huge downfall cant really say if how deep we are going to expect now but i would try placing mine at another .25 or less lets see if price will bounce back again and made some good profits.

The investors get paid first from the Founders' Reward. So 200,000 + 131,250 of the half million or so that will be mined in the first year go directly to them (at an average price of $8.75 or 0.012BTC).

Is it wise to be buying now? Fuck no, lol.

zcash would   definitely dump  its  price  for  how many  months, as  ive  read  on the   other  thread  its  really a ZCRASH I don't   have   trust  on this coins  and its  not  advisable   to  engage  into  it and  I feel  sorry  for those  who  invest  on  earlier   time  and  now  they would  really wait  to break even their losses.

i think i read yhey cant have their coins for the first year

As  far as  i  know  they  would  only get  20$ tax  for 4 years  and  after that   theres  no  tax  anymore  i dont  know  what  would be the  purpose  of this though  but   one  things  for sure this coins  would  dump badly , as  we can see on the current  price of zcash now, same as  you  mentioned  its already  $200- now. Its just a  pump and  dump altcoin for me.

I think it is 20% the first four years, and then zero, which amounts to 10% of the total amount of coins that will ever be mined.
So the "investors" take in total about 2.1 million coins, which is 20% of the first 4 years, and as after 4 years about half of the total amount of coins will be mined (10 million something), in the end, when all coins are mined, those 2.1 million will correspond to 10% of the total.

After 4 years, there's no "miner's tax" any more, but during the first 4 years, it is 20%.

isnt it 10% for the first four years only

To sum things up - unless you are stakeholder of Zcash you will be robbed of 20% of your mining profits forever.
It is funny how some people complained about advantage of early bitcoin adopters had - this is even worse IMO.
Plus, price of Zcash is dropping massively, just reached $200 - it is better to watch for now.

like BTC, all amount of ZCash is 21mil

i thought it was only 10% for the first four years

That's the worst things about zec in this day, are a lot of people will feel a blood cry for that?
How many is the profit got by big investors? even at the first hours, one zec are sold for xxxx btc....

dont forget that was the second round. it gets even worse as the first round got over 200,000 zec for only $4.5 per zec

http://www.investopedia.com/news/what-zcash/

"Earlier this year, the Zcash Electric Coin Company raised a total of $2 million in exchange for equity in the company from seventeen investors: Aaron Grieshaber, Branson Bollinger, Maple Ventures (Amir Chetrit and Steven Nerayoff), Brian Cartmell, Vlad Zamfir, Roger Ver, Digital Currency Group, Barry Silbert, Charles Songhurst, Fenbushi, Shapeshift, Erik Voorhees, David Lee Kuo Chuen, Fred Ehrsam, Sebastian Serrano, and Li Xiaolai.

Investors now own 16.4% of the company. According to Zcash, the Founders' Reward is 10% of the total long-run monetary base of 21 million coins, while the remaining 90% of the Zcash monetary base goes to miners. Approximately 131,250 Zcash coins were distributed among investors at a price of $15.24 per coin against the $2 million raised during the summer round of funding."

Its also on the official website https://z.cash/blog/continued-funding-and-transparency.html

"Since the Founders' Reward is 2.1 million coins (10% of the total long-run monetary base of 21 million coins), and since the Founders' Reward will be split among the owners of the Zcash Company in proportion to their ownership, this means the new round of investors paid $2M for an eventual distribution of 131,250 Zcash coins. Therefore, they effectively paid $15.24 per coin."

Edit: The investopedia phrasing is not correct. They are not actually distributed.