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Topic: Thoughts on Zcash? - page 41. (Read 123380 times)

legendary
Activity: 990
Merit: 1108
October 28, 2016, 06:55:21 PM
Something seems to be wrong.

https://explorer.zcha.in/accounts/t3Vz22vK5z2LcKEdg16Yv4FFneEL1zg9ojd   22.257749999999994 ZEC


It's called the Founder's Reward...
legendary
Activity: 1316
Merit: 1014
ex uno plures
October 28, 2016, 05:52:31 PM
31 btc per zec on Polo Huh

Where is ?huh? when you need him ...
sr. member
Activity: 595
Merit: 251
October 28, 2016, 05:24:21 PM
To make a #Zcash withdrawal from Poloniex, it is needed around $1000 (0.01 $ZEC) of fee  Grin Grin Grin

ehehehe
I rather use my commercial bank, the fees are cheaper LOL

the be precise is 0.0001 zec "just" a couple of dollars!
sr. member
Activity: 595
Merit: 251
October 28, 2016, 05:21:56 PM
To make a #Zcash withdrawal from Poloniex, it is needed around $1000 (0.01 $ZEC) of fee  Grin Grin Grin

ehehehe
I rather use my commercial bank, the fees are cheaper LOL
full member
Activity: 238
Merit: 100
October 28, 2016, 05:19:22 PM
To make a Zcash withdrawal from Poloniex, it is needed around $1000 (0.01 ZEC) of fee  Grin Grin Grin
full member
Activity: 238
Merit: 100
October 28, 2016, 05:18:01 PM
Can someone explain me this please.

There was something like a "master"key generated at the beginning correct?
This was one key?
This key, six of the team devs saw and claimed to had deleted instantly yes?
Was this key on one maschine shown or at the same time on each dev. computer?
With that key it is possible to generate unlimited coins?


The key... I dont know... but take a look: https://github.com/zcash/zcash/issues/738
sr. member
Activity: 434
Merit: 250
October 28, 2016, 05:13:33 PM
Can someone explain me this please.

There was something like a "master"key generated at the beginning correct?
This was one key?
This key, six of the team devs saw and claimed to had deleted instantly yes?
Was this key on one maschine shown or at the same time on each dev. computer?
With that key it is possible to generate unlimited coins?
full member
Activity: 238
Merit: 100
October 28, 2016, 05:09:06 PM
Actual Zcash exchange rates across major online exchanges on Cryptonator https://www.cryptonator.com/rates/ZEC-BTC

Total 24h Volume: 39 ZEC lel
full member
Activity: 205
Merit: 100
October 28, 2016, 05:05:13 PM
Todd specifically Tweeted not to use his participation as endorsement!!!

I did not take it that way and I didn't represent it that way. Exactly because he is NOT a Zcash-fan it can be nearly excluded that he would be part of some kind of conspiracy.

Because he is not a Zcash fan he could've saved the private key and publish it at a suitable time while shorting the hell out of it on the markets lol.
hero member
Activity: 672
Merit: 500
October 28, 2016, 05:05:01 PM
hero member
Activity: 749
Merit: 503
Blockchain Just Entered The Real World
October 28, 2016, 04:44:20 PM
Actual Zcash exchange rates across major online exchanges on Cryptonator https://www.cryptonator.com/rates/ZEC-BTC
sr. member
Activity: 595
Merit: 251
October 28, 2016, 04:42:44 PM
The only real winners will be the founders/cooperations behind zcash.

Doing "nothing", getting 20% of each block, sell at insanely inflated prices to naive buyers who fell for the marketing/hype.

Are people really that blind?

Some yes. But as I already said, i guess most logged buys are just fake buys (zcash offers, zcash buys) --> hype hype hype

Most likely right, because even if some are totally stupid the high volume can't be explained with that.

2323.17968481 BTC / 31.67221072 ZEC

I think we are whatching one of the biggest scam ever in the crypto community


I don't think it's a scam, even if I'm not a fan because of the trusted setup.

But I believe it's market-manipulation - not necessarily from the team. My guess would be mining-farms.

Just speculation of course, but imagine you have a million-dollar-mining-farm and maybe connections to others. It wouldn't be hart to play a near-to-zero-supply-market that way to try to establish as high prices as possible.

Everything could be..
But for sure this price is unsustainable, and maybe the devs, plus some miners as you said are manipulating the market. In the "normal"world it is called fraud.
sr. member
Activity: 364
Merit: 250
October 28, 2016, 04:42:14 PM
Zcash ? Zcamsh.
legendary
Activity: 1960
Merit: 1128
October 28, 2016, 04:39:47 PM
The only real winners will be the founders/cooperations behind zcash.

Doing "nothing", getting 20% of each block, sell at insanely inflated prices to naive buyers who fell for the marketing/hype.

Are people really that blind?

Some yes. But as I already said, i guess most logged buys are just fake buys (zcash offers, zcash buys) --> hype hype hype

Most likely right, because even if some are totally stupid the high volume can't be explained with that.

2323.17968481 BTC / 31.67221072 ZEC

I think we are whatching one of the biggest scam ever in the crypto community


I don't think it's a scam, even if I'm not a fan because of the trusted setup.

But I believe it's market-manipulation - not necessarily from the team. My guess would be mining-farms.

Just speculation of course, but imagine you have a million-dollar-mining-farm and maybe connections to others. It wouldn't be hart to play a near-to-zero-supply-market that way to try to establish as high prices as possible.
sr. member
Activity: 595
Merit: 251
October 28, 2016, 04:34:35 PM
The only real winners will be the founders/cooperations behind zcash.

Doing "nothing", getting 20% of each block, sell at insanely inflated prices to naive buyers who fell for the marketing/hype.

Are people really that blind?

Some yes. But as I already said, i guess most logged buys are just fake buys (zcash offers, zcash buys) --> hype hype hype

Most likely right, because even if some are totally stupid the high volume can't be explained with that.

2323.17968481 BTC / 31.67221072 ZEC

I think we are whatching one of the biggest scam ever in the crypto community
legendary
Activity: 1960
Merit: 1128
October 28, 2016, 04:31:33 PM
The only real winners will be the founders/cooperations behind zcash.

Doing "nothing", getting 20% of each block, sell at insanely inflated prices to naive buyers who fell for the marketing/hype.

Are people really that blind?

Some yes. But as I already said, i guess most logged buys are just fake buys (zcash offers, zcash buys) --> hype hype hype

Most likely right, because even if some are totally stupid the high volume can't be explained with that.

2323.17968481 BTC / 31.67221072 ZEC
hero member
Activity: 532
Merit: 500
October 28, 2016, 04:27:53 PM

zcash = US Federal Reserve. It creates money, charges a 10% tax, and the ledger cannot be audited.  

The idea of the privacy is what draws you in but greed blinds you to the faults.  All these hypers are blinded by greed.  They do not care that the system is seriously flawed.

Zcash Corp is dangerously launching new tech with no means of auditing the blockchain or totaling coins in circulation.

zcash will be everything bitcoin is not. 
  • zcash will have a blockchain that cannot be audited which means there is no way to find hacks or track the true circulation.
  • zcash will charge a tax on miners to pay investors - 2.1 million coins across 4 years
  • zcash is a corporation with share holders in the company - what will happen when the corporation needs more money and needs to pay investors?
sr. member
Activity: 325
Merit: 255
October 28, 2016, 04:09:16 PM
The only real winners will be the founders/cooperations behind zcash.

Doing "nothing", getting 20% of each block, sell at insanely inflated prices to naive buyers who fell for the marketing/hype.

Are people really that blind?

Spend 30seconds reading the polo troll-box lol... The concept of supply and demand seems to go above everyone's head. It would be like purchasing the first superman comic for top dollar, while knowing there were 1,000,000 copies recently found in a warehouse about to be released to the public. Strong investment...

That being said, if this has a $5billion market cap in a couple months time, I'll gladly retract my post
legendary
Activity: 1190
Merit: 1000
October 28, 2016, 04:02:58 PM
https://medium.com/@yobanjo/coindesk-writes-hype-story-about-zcash-shares-same-investor-ced5d264ef93#.dspwr9fk7

Quote
Coindesk writes hype story about Zcash, shares same investor…
Just as I thought the Zcash founders had played all the tricks to pump their coin, I got notified on Twitter about yet another trick in their book. Before I jump in the details have a close look at this very optimistic Coindesk article:
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