Topic: Zencash: Excellent potential? - page 9. (Read 10781 times)

oh, this is very good news. i have high hopes for zencash

It appears the livestream opened a lot of eyes. The price was up over 50% at one point since the YouTube video.

A few things I learned:

They already have the secure node running on the testing severs.

Jane Lippencott – Their Asian Operations - (she speaks Mandarin Chinese) is working on getting Zen on the Asian exchanges where they think Zencash is going to be a big market.

There has to be real separation from the pack. Once you get to a certain price point their has to be good news and large development to increase the value of the coin. That is why so many trade with the lower alts. For a longer term investment, this does have some potential. Buy and it and don't look for two years, you might be pleased.

A link to Zencash’s first live stream; start listening at about 51 minutes into the video.

https://www.youtube.com/watch?v=ApAHIjgpU-o

A ton of information, a LOT going on, too much to post here. I urge others that are even a little interested to listen to the update, you’ll learn more on what they are about.

The one thing I will say is that I have noted before that Steven Nerayoff and Charles Hoskinson who are the stratregic advisors, are very big names in the crypto space and they haven’t just lent their names to the project; they are actually participants and involved with Zencash. Nerayoff is one of the members of the Zencash non-profit foundation, and Hoskinson’s company is part of the core team. There’s no way they would be this involved unless they thought Zencash had great potential.

I know they have a founder's reward just like Zcash.  But the thing is Zcash was the first and generated alot of hype, with a token being more than 1 BTC when if first launched.  With Zenn i feel like the marketcap has fallen so low that it's hard to dig yourself out.  At a 5M dollar current marketcap with the coinprice being so low, that Dev reward is negligible.  The team will have to put in alot of free work or build a strong community behind this project.  The latter is going to be really hard to do without a presence on the forum.   

I believe what makes Zencash stand out is their secure nodes and some features other privacy coins don’t have. They want to be the ultimate in privacy when it comes to transactions and publishing.

As for funds; they seem to have that figured out and currently have funds. This is from their website:

“The ZenCash Treasury fund is generated by 8.5% of each block mining reward and is used for operations, development, and getting out the message of Zen to the World.”

In fact the founder said in the chat session that even at today’s prices they have money to pay for development and marketing.

Think about this: First, they got hammered at the start, then they go through the so-called Altcoin correction and now this Bitcoin Fork that’s causing most altcoins to go down. Then you add the fact that this company is only a few months old so it’s hasn’t had much news yet. This company has been running off of fumes, yet they still have enough to pay for developers and marketing. This tells me there was some thought put into this when they set this up. Is it perfect? No, but they are always open to suggestions to make improvements.

I’m not sure I mentioned this before, but unlike other projects out there that might be a scam or simply too complicated to ever come to fruition. This project is very doable. They are only a week or two away from testing the secure node program, so they are already close to that aspect of the project.

Also: don’t underestimate the value of Charles Hoskinson, and Steven Nerayoff's backing of this project.

Of course I could be wrong about its future in the cryptocurrency world, I’m trying to make an educated guess like everyone else, but right now I still like its potential.

Maybe the best thing to do is to wait for the next z-fork. 

There's a development/marketing fund that is derived from a portion of coins mined. A percent off all mining goes into the dev fund, kind of a reverse pre mine.

The thing is there are so many coins with privacy capabilities these days, You have Monero, all the Zsnark coins, Deep onion, Byteball (blackbytes), Dash etc etc.  Zcash has an uphill battle, It's a fork of a fork of a fork and is starting to fade into obscurity.  It's swimming in a pool of giants, and doesn't even have a presence on Bitcointalk anymore after the ANN was locked.  They didn't have an ICO so there are no funds for marketing.  With the marketcap currently so low, i have a hard time seeing how they're going to gain the exposure to dig themselves out of the trenches. 

The best bet at this point is for them to hope that Zcash explodes and they can ride the wave like how ETC did with ETH.  But even in that scenario they might get overlooked for zClassic.

After listening to the live chat session, I’m more impressed with the group and what they are developing. He talked a lot about what’s already in the White Paper, but some take-aways for me was:

1)   Secure nodes with secure one-to-many and anonymous publishing capability make this cryptocurrency unique (as far as I can tell anyway). He thinks Asia and South American markets will be huge. One of the founders (Jane Lippencott) is fluent in Mandarin Chinese and is working in Hong Kong now.
2)   Working on a hardware wallet
3)   Focusing on individuals and small business.
4)   They want to be as transparent as possible (something I already noticed before this chat). He believes that it will eventually build trust; they say they’re going to do something, and they do it.
5)   They had actually planned to have the secure nodes working at launch, but was curtailed when the developer left. Apparently Rob Viglione is friends with Charles Hoskinson and Hoskinson got some of his engineers on the project (Hoskinson’s presents here is huge in my opinion).
6)   Already contracted Coinomi to build an Android, IOS, and Desktop wallet.
7)   A lot of development has been going on in the background and we’re about to see the results of that development in a few weeks to a month.
     Did not want to create artificial scarcity of the coin by limiting its availability early on just to push the price up.

Looks like a lot is about to happen soon. As long as Bitcoin is standing tall after Aug 1 (and so far it’s looking good), I think Zen will do very well.

A very thorough interview with one of the founders of Zencash. Just about anything you want to know about what they're doing is talked about. It's live so sometimes it cuts out, but it is full of good information.

https://blog.zensystem.io/replay-of-live-interview-of-blockops-about-zencash-on-cryptocurrency-talk/

 

Very convincing, and this week bittrex has again attracted. A merchant will see this as a new field for profit. I hope Zencash fits the prediction.

The price is very good right now and I do not know why it is very low at the moment. Maybe just because there are too many people mine this coin. All "z" coins are good and they need to be on the top 50 coins. Well, hope that zencash price will back to normal

Too cheap to ignore right now. Coin looks very promising.

On paper it looks like something to buy since price is too low and it should be an improvement of a successful coin. I've got a few, let's see where they'll go...

Thanks for this information I will look forward to it. I like the Zcash coin it look good and have a good plan so I hope what they are doing is for the betterment of their coin and I am sure they will get more successful in future.

No one knows. If privacy becomes atmost important, all privacy related coins may surge in value.

Coins Expensive, I'm not interested. Need big capital to buy it. If invest here for me is very risky, the possibility of profit is very small and loss is very big.
So far I agree Zencash is a good coin. I agree.

Looks intriguing.