Zcash is one of the best confidential coins on the market. Strong team and technology.We can say that Zcash is a competitor of bitcoin."Electronic money."I think the price of the coin will only rise in the long run.
Sure, it will rise. However, it's slowly losing "trust" from those of us (GPU miners) who mined it for them to get them going. Why losing "trust?" Because they said, "ASIC-Resistance." Zooko, is not doing a very good job in regards to supporting the community of miners who supported him. Many others, such as ZEN and BTG, came out rather quickly telling BITMAIN they will FORK to maintain ASIC resistance. They may do it with PROG Proof of Work. Which see: "EIP1057 VOTE True ASIC Resistant ProgPOW for Ethereum & ZCash New Proof of Work" -
https://www.youtube.com/watch?v=P6B-ZCyP6K8&t=1s. AND "ZCASH FORK IN TO 2 CHAINS? BITMAIN ANTMINER Z9 MINI ASIC! ZEC Co. CLASS-ACTION LAWSUIT?" -
https://www.youtube.com/watch?v=oPdnG03eI58The "majority" of the "community" behind ZEC are the GPU miners. We (GPU Miners) are the majority holders/users of ZEC. IF they push us out in favor of one big company (BITMAIN), they will lose a lot of their "community" and many will move on to other privacy coins that will fork or have already forked off from ASICs, such as ZEN, BTG and XMR. It will ultimately end up being only a speculation coin with little usage in main stream. The only users will be speculators and BIG corporate miners like BITMAIN. I want no part of that. PERIOD.
Why should I [As a GPU Miner] continue to support a coin who's developers decide to cozy up to one big corporation (BITMAIN) and basically tell us (GPU Miners), "We appreciate the kick-off you helped us with. I know we said, ASIC Resistance but you can screw off now... We're going ASIC." Cause that's the way Zooko is acting at the moment.
What really pisses me off is the way "Cryptomined" (The one who made those 2 videos I provided links to) was BANNED FOR 6 MONTHS from their official forum because of what he said in his video, "ZCASH FORK IN TO 2 CHAINS? BITMAIN ANTMINER Z9 MINI ASIC! ZEC Co. CLASS-ACTION LAWSUIT?" -
https://www.youtube.com/watch?v=oPdnG03eI58. He was not disrespectful. Simply voiced his opinion without cursing anyone, etc... That was flat out WRONG and they have no respect for FREEDOM OF SPEECH. Not even with what is said OFF THE FORUM. What FREEDOM LOVING PERSON would want ANYTHING to do with people like that?
What's going to occur [If ZCashCo. continues down this path] is push away their community [Who joined them and supported them] towards other privacy coins like ZEN, BTG and XMR. "Community" is what helps get a coin in mainstream adoption in retail stores, etc... I'm not saying ZEC will never go mainstream. I'm simply saying it will take LONGER for them to go mainstream if they push away a large portion of the "community" who got them off their feet and kept their network running secure. Yes, Gemini exchange accepting ZEC soon will help give them a boost in the "speculation" world. However, there is no "community" for a coin in the Trading world. They will cause GPU miners to go our separate ways and NEVER do business with ZEC again. PERIOD
What's the point of declaring "ASIC Resistance" if you're not even going to put forth the effort to RESIST? Not even TRY to resist? GPU miners made investments based off that white paper which said, "ASIC Resistant" and now Zooko acts like he does not even want to RESIST. His current actions are PATHETIC...