i think the main thing to take away from this is how the hell do we know how many coins there are? there's no way of knowing.
the whole thing's a freaking joke and the final slap in the face from alt coins. i find it hard to believe anyone's taking it seriously but clearly a few people are.
Topic: ZCASH trusted setup "failed" ? (Read 387 times)
There's a long article on coindesk about the trusted setup of ZCASH.
Now, given that the *apparent* market cap of ZCASH is actually falling, is this an indication that the "golden key" is printing coins ?
After all, we expect the price to fall because more coins are mined, but that's because we divide the market cap by more and more coins to have the coin price. But imagine that there are more coins than officially known ? The calculated market cap would then decrease even if the actual market cap (with a lot of golden key coins) were rising, because one would only multiply the price with a part of the amount of circulating coins...
Now, given that the *apparent* market cap of ZCASH is actually falling, is this an indication that the "golden key" is printing coins ?
After all, we expect the price to fall because more coins are mined, but that's because we divide the market cap by more and more coins to have the coin price. But imagine that there are more coins than officially known ? The calculated market cap would then decrease even if the actual market cap (with a lot of golden key coins) were rising, because one would only multiply the price with a part of the amount of circulating coins...
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