Another thing, so zcash is registered company and they call it currency. doesnt this put them in danger? when handling currency you should have license or am i wrong? specialy in USA where the whole debate of BTC being a currrency or not is handled by courts.
why register a company in the most crypto hostile country? i think zooko will be in jail soon
They should go into jail not only because of that. They are highly manipulating the market.
Yesterday I used the google news tool to find some news about zcash on big news sites. I was really curious why suddenly zcash could become so popular because in my mind it's not because the first coin was offered for 10.000$. There is no logic. Imagine you develope a new coin what produces every day only 1 coin and the first will be announced for 100.000$....will it at NBC because of that? I doubt it.
First i noticed that some textes are very very similar like copy paste style even they were written by different authors.
Using google to spy these authors it gives a clear taste of "paid by zcash companie/investors"
90% of these articles were just hyping zcash. I don't know how it is in the USA but in Europe its called investment fraud and market manipulation and it is a crime. Also price manipulation on stock exchanges are a crimere in Europe. And obviously Zcash is manipulated.
Because zcash is located in the USA I would not wonder if the FBI will soon intervene and figure out who are the investors and what game they are playing. Since Zcash is still traded by BTC and on companies located in the USA (Poloniex) it should be very easy for them to figure out what's going on there. At least in that case the transparent BTC blockchain will help them here again. But maybe it will never happen until coins are not regulated and not accepted as a currency in general there. But who knows, the USA are fast in adapting.
Yes, it is just so open that is crazy that people want to buy zcash. the hype and also the way it is built. It is not decenterlized . I am based in Europe and i have been in offshore banking and laws for 16 years. I find it strange they state that zcash is a currency and that they have registered a company . I am sure SEC will have a closer look into zcash very soon.
You can not sell or offer currency as it falls under financial security and for this you need license and proper KYC. That is why most of crypto projects are offered as tokens in a software project
its gonna fall hard, its fair value is probably something like 0.005 BTC. But I think it takes months or years to get there. While it happens volumes will be lower and lower. which is really what kills it. No more confidence in the crypto. And thats not taking into account any potential flaw in the cryptographic protocol...(as it has been largely untested)