Topic: Zcash!? (Read 2188 times)

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

How many hackers will be working on figuring out how to print new coins?  You can bet that every hacker that has ever attempted to attack other coins will work to attack this one.  They will never get caught.  No way to know how many coins are really in circulation.  

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


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

There is much hype.

Miners think they will earn ungodly amounts of money in this coin, or at least the hype is telling them that.  Private farms are sending crazy bids to software devs to get their hand on efficient gpu miners.  People are buying up cloud mining as fast as they can offer it, and a single gpu can net a cloud company somewhere around $2500.

But im kinda thinking all this hype is going to byte them in the ass.  Maybe price will hit highs say $10-20 in the first few weeks then it will settle down.

I am looking forward to mining zcash and I am trying to buy all the AMD cards I can , if anyone is interested in selling then please PM me ASAP.
The guys from zcash-cloud.com and the zeropond guys are doing great work in setting up massive pools .

I think the amount of hashing power being aimed at block 1 will be ridiculous. I will be buying from both companies as they are both very well trusted at this point. I saw the futures market for Zcash is already at 100 USD each , the markets are already being made . zcash ... its a great time to be alive. goodluck everyone.

It usually come with big hype when coin like zcash first release then it dying out and bagholders crying for help.

It usually come with big hype when coin like zcash first release then it dying out and bagholders crying for help.

ZCash is quite risky at the moment. But it might rise a lot in the next few months if there is big hype.

Whether it is instamine, 70 founders or trusted setup it doesn't matter to 99% here as long as they can make a dollar or two.

Meaning Zcash has no assurance to anyone here. Therefore whoever will participate in this need the individuals must decide to be a risk taker anyhow.

"ZCash is a cryptocurrency project that originated from the Zerocoin/Zerocash idea, proposed back in 2013. Almost every “old time” bitcoiner knows about it. It was proposed to be integrated in the bitcoin codebase so that you would have the option to send a zerocoin-transaction using the bitcoin blockchain. You would need to “pour” your bitcoins in the Zerocoin mixer and from that point onwards, you could transact anonymously using the Zerocoin-protocol. When it became clear that Zerocoin wouldn’t be implemented in the bitcoin codebase any time soon, they worked for a while on implementing it as a sidechain.

But at some point the Zerocoin-team pivoted and decided to launch the altcoin ZCash. There is nothing wrong with trying to launch an altcoin, but, in my opinion, an altcoin can only survive long term if it actually offers something that is unique and probably can’t be adopted by bitcoin. The fact that it’s possible to add ZCash as a sidechain to bitcoin, should already raise some red flags.

The ZCash team decided to launch ZCash as an altcoin so they were able to fund the development: ZCash has a US-based company behind it and will tax 20% of the mining revenue during the first 4 years to pay off private investors. If ZCash were to succeed, the private investors will benefit greatly from the launch of this cryptocurrency. Although I don’t like ICO’s, a public coinsale (a form of crowdfunding) would have been a more fair and open way to fund development than seeking money from private investors.
This is in great contrast with the launch of Bitcoin and Monero, which were fairly launched, without “premine”, “mining tax” or some kind of company behind it. In my opinion, a successful large cryptocoin will probably be grass-roots, but it’s possible I’m mistaken here. Maybe some people actually prefer a corporate coin like ZCash. Time will tell.

But let’s dive into the tech a bit to compare its features with Bitcoin and Monero. The first thing that strikes me is the fact that ZCash allows transparent transactions: mined coins are bitcoin-like transparent “base coins”. When you want to spend them, you have the option to do an anonymous “pour” to enter them into the ZCash mixer. It’s basically the same idea as using Zerocoin as a sidechain."

zcash is not released yet you cna only mine testnetcoin and only with cpu, there is not even a gpu miner, so i'm out of it for now, auntil they sort if out, and lol the initial block reward is ridiculous low, like 0.2

"ZCash is a cryptocurrency project that originated from the Zerocoin/Zerocash idea, proposed back in 2013. Almost every “old time” bitcoiner knows about it. It was proposed to be integrated in the bitcoin codebase so that you would have the option to send a zerocoin-transaction using the bitcoin blockchain. You would need to “pour” your bitcoins in the Zerocoin mixer and from that point onwards, you could transact anonymously using the Zerocoin-protocol. When it became clear that Zerocoin wouldn’t be implemented in the bitcoin codebase any time soon, they worked for a while on implementing it as a sidechain.

But at some point the Zerocoin-team pivoted and decided to launch the altcoin ZCash. There is nothing wrong with trying to launch an altcoin, but, in my opinion, an altcoin can only survive long term if it actually offers something that is unique and probably can’t be adopted by bitcoin. The fact that it’s possible to add ZCash as a sidechain to bitcoin, should already raise some red flags.

The ZCash team decided to launch ZCash as an altcoin so they were able to fund the development: ZCash has a US-based company behind it and will tax 20% of the mining revenue during the first 4 years to pay off private investors. If ZCash were to succeed, the private investors will benefit greatly from the launch of this cryptocurrency. Although I don’t like ICO’s, a public coinsale (a form of crowdfunding) would have been a more fair and open way to fund development than seeking money from private investors.
This is in great contrast with the launch of Bitcoin and Monero, which were fairly launched, without “premine”, “mining tax” or some kind of company behind it. In my opinion, a successful large cryptocoin will probably be grass-roots, but it’s possible I’m mistaken here. Maybe some people actually prefer a corporate coin like ZCash. Time will tell.

But let’s dive into the tech a bit to compare its features with Bitcoin and Monero. The first thing that strikes me is the fact that ZCash allows transparent transactions: mined coins are bitcoin-like transparent “base coins”. When you want to spend them, you have the option to do an anonymous “pour” to enter them into the ZCash mixer. It’s basically the same idea as using Zerocoin as a sidechain."