Topic: [ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial) - page 87. (Read 161689 times)

Estimated price of zcash at launch anyone?

On suprnova pool.

Where can I find windows GPU miner (AMD cards)?

Thanks

Use:

When running this, it isnt using my nvidia GPU. What am I doing wrong?

The price in the first few days will be ridiculously high! Especially after these news
Lets wait and see!

Good news, zcash in poloniex
#Zcash will be available for trading on Oct 28th.
We will announce when the $ZEC market is live
https://twitter.com/Poloniex/status/791648296112680960

This also assume ppl (some dummies will) BUY it.  Just DO NOT buy such overpriced coin that has NO usage or acceptance yet! Why would someone buy/own it when there is pretty much no reason or chance it would rise??  Esp with those figures above!

LOL ppl just buy on hype and some big names attached to it, but it's still vapor until you see it even become a household name in crypto AND the 'real world'...which it prob won't because it's anon.  (yes ironic given my username blahblahblah) but it is sad truth.  Mainstream will always shun such coins because of dark-market connections.  Simple as that.

that is a great question. i also what to know, maybe i cant be online at that time to switch manually... if no autochange than i need to change my schedule to be online at that time.

In another word zcash is the best way to escape government or any organization oversight all together.

Good info...

that price is obviously a joke, it will never be so high at launch, unless we want to count zero volume spike

Thanks so tomorrow at 12 my time

0 Days | 20 Hours | 54 Minutes | 12 Seconds

Lunching in ?

What time?

Thanks

While the current price on BitMex is exceptionally high, it is probabky due to the lack of people willing to short on there and the expectation of limited supply due to the slow start.

Once the inflation kicks in, we will see the price drop.

reads post

thinks of coin

realizes forgot to check poster, sees post count of 4

price already high at 0.41 BTC. i won't buy no longer. looks like founders take all money:

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Zcash hype getting ridiculous

Zcash futures are live on BitMEX. Prices have been pumped to 0.34 BTC. That’s $234,09 per ZEC. The founders can’t stop laughing due to the following reason:

At first, 50 ZEC will be created every ten minutes. 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders.

Feel free to check their website to see if you can find the funding page as linked above. You probably can’t as it’s “hidden” to not inform the public. But let’s make some new calculations with the current price. $234,09 per ZEC is quite some money isn’t it?

At first, 50 ZEC will be created every ten minutes.

So, that’s 2.628.000 coins in the first year alone…… And the founders will take 20% of that? That’s 525.600 ZEC even while they sleep and do nothing. At current prices based on futures trading the marketcap for Zcash (ZEC) will be $615.188.520. That’s a $615 million marketcap! Now let’s see how this “dream team” of founders/investors is doing with that.
20% of 615.188.520 = 123.037.704


That’s $123 million owned by the founders after only 12 months!

This isn’t all as the founders will take 20% of all mined coins in the first 4 years. This adds up to a number of 2.1 million coins from the 21 million monetary base. But even while the 21 million coins won’t be mined in the next 10 years (just like Bitcoin) the founders already took their share. They even take more than they make you think:

The end result (as shown in the diagram) is that there will ultimately be 21 million ⓩ, and 10% of it, or 2.1 million ⓩ, will have been initially distributed to the founders.

Please look at the way they frame the 10% of 21 million coins using words like “ultimately” and “have been initially distributed”. A look at their graph shows the real numbers.

http://i65.tinypic.com/10wk48l.png

In 4 years the Zcash founders will own 20% of all coins. NOT THE SO CALLED 10%. It’s only somewhere in the 2030’s that this number gets diluted back to 10%. So now you understand that there’s no link on their frontpage to their funding-details isn’t it? And even when you find the link they try to fool you around with sentences like:

The end result (as shown in the diagram) is that there will ultimately be 21 million ⓩ, and 10% of it, or 2.1 million ⓩ, will have been initially distributed to the founders.

This project is optimized for hype and created to fill the pockets of a few individuals. The marketing language speaks for itself. Below is the link to their funding-page so you can check all the details I presented.

https://z.cash/blog/funding.html

Feel free to spread this article as much as you want.

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And price even higher already.

https://medium.com/@yobanjo/zcash-hype-getting-ridiculous-2d218a02357#.c7fkhvlku

That link is wrong.

It's:

https://twitter.com/ZcashCo