Bitcoin Forum

Greetings to everyone!
There is a pretty new anonymous cryptocoin which has a huge potential and is currently at a low price.
It has 21 bilion max supply, which is 1000 times more than Bitcoin and the block generation is much smaller in time.
The transactions are sent in seconds and validated in just a few minutes.
It brings stealth by the zkSNARKS algorithm, being a proof of work (POW) coin, currently based on EQUIHASH. So it is ASIC resistant.
Is called BitcoinZ and is inspired from ZClassic. Here is a video about it and an interactive explanation of the zkSNARKS algorithm:
If you have some free time, please check it out.

https://youtu.be/3hVG888tOpY (https://youtu.be/3hVG888tOpY)

I would like to hear your opinions on it. I think that it may have a great feature, because the community is dynamic and they want to improve the technology.
I also heard that they want to add smart contracts.
Have a nice day!

May this coin have a great future?
What steps does it need to take in order to achive wide spread in crypto world?

Hello indeed i don't know how much i am late for this thread but the alt that you are promoting seems to have potentials and ir seem very interesting. thank you for the thread.

Its funny this coin makes it here on bitcointalk I was looking into it all of January and late December, should have pulled the trigger but didn't and was hesitant based off the bitcoin name. Glad to seen it has done well and next time I should trust my instincts when researching coins. Those are a lot of features it surely stands to gain a lot from here if all that is true.

Great coin with a litte info! You need more info to share!
May be huge coin?

Isn't Bitcoin Gold based on EQUIHASH? And this look like the same Hipe.

are you promoting a new crytocoin? if this is true that their is a new cryptocoin be born which is much pretty good than bitcoin today. well, thats a good news for all of us.

Sounds like good news and be interesting to see how this develops.  I will need to do some more research on it.

The biggest advantages that I see are:
1) anonymity, due to zkSNARKS
2) fast transaction time and low fees
3) POW ASIC resistant policy
4) Currently has a low price and even if there are 1000 times more coins than bitcoin, I think that the price will go up
5) Continuous development
6) Open source project with a distributed team that is not strictly bound to the project


What do you thing that should also be stated?
Are there any advantages or disadvantages that I don't see?
What do you thing that makes a cryptocoin to have success?

Have a nice day!

I think that community plays a great role and having a maximum supply of coins may assure that the coin will have a value, just because it is limited in numbers.
I'm not an economist but this is what I think.

Thank you for this post and for sharing this video. I hear about it for the first time, and your information deserves to be read. I have also found YouTube BitcoinZ Community where you can get extra information:
https://www.youtube.com/channel/UC2MBhoVK45Eqp2cMb2bFuUA

I also think so. No one concerned about the coin will be neglected for a long time. But good technology will be revealed. I feel good about this technology.

I think that the coin should be used to buy and sell stuff.
I heard about someone saying that the price of bitcoin today is given in more than 95% from speculation and the rest from using it as an exchange.
I think that in the future things should change so that the coin will be used as a currency and not so much as an investment and speculation.
What do you think?
Have a nice day!

Introduction of smart contracts will have a great impact I think.
It will enable development of applications on top of BitcoinZ, which may lead to an even greater adoption and usage.

What's wrong with bitcoin 1.0? ;D

Nothing wrong but people need the iconic name Bitcoin to create a new coin or airdrop, fork etc for marketing purposes. Unfortunately this is a highly effective marketing technique can't erase that. Instead of new shits like these everybody can contribute in the development of one Bitcoin.

Smart contacts is a good feature that is not there in bitcoin.

For what it's worth, I don't think many "gimmicky" coins will survive in the long run.

Stuff like weed/pot coins, kfc coins or whatever and so on. They're purely an attention-grabbing name and seem super gimmicky.

There is a strong possibility that BitcoinZ expects good prospects for development.

I just stated at the start of the video why BitcoinZ is better than Bitcoin.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.

I don't think that Bitcoin will still be the number one crypto after a few years.

For your information, already there are lots of cryotocurrencies are available which may have better properties than bitcoin in terms of fee, transaction time and anonymity but still bitcoin is expensive because it has lot of coummunity support.
Maybe that coin you mentioned will have a great future but still bitcoin is the best.

Many of the Bitcoin 2.0 theories must still be developed further, and that includes the theories propping up the idea.  And whether or not they matter in any significant way won’t be seen until they are developed and have use-cases. Moreover, many of the “amateur” products in the space could see any potential resources drained as financial institutions enter into the space and begin developing their own blockchain technologies thus circumventing the need for the traditional Bitcoin grassroots.
 :) :)

Why did you call it B2.0? SegWit? LN? Or only another hard fork?

It may replace Bitcoin in one day, but is just a theory.

Bitcoin 2.0 was successfully launched on August 1, 2017. While it is called Bitcoin Cash within the community, it should be noted that it is a major upgrade. This upgrade was needed to fix the excessive fees and the transaction backlogs that were accumulating with heavy adoption. Bitcoin 2.0 had a minor bug in the difficulty adjustment algorithms, but this bug has been successfully fixed. Bitcoin 2.0 is currently running smoothly and ready for world adoption.

as far as I understand it again some kind of fork bitcoin, which is advertised very seriously, but so far I have not seen anything but negative comments and I think that the forks life cycle is too short.

BitcoinZ is not a fork. It was inspired from ZClassic, which at its turn was inspired from ZCash.
Please check the video for clarifications.

Thanks, have a nice day!

I think that BitcoinZ may follow the success story of ZClassic, which is an open source coin that proved to be of great success.

Bitcoin may be seriously improved with the Lighting network update. From what I know it will increase the speed of transactions and their cost.

What do you think that makes a cryptocoin to have success?

But that's not new at all... about the 21 Billion max supply, we have dogecoin with a big supply too, about the fast confirmations we have clams who have blocks each minute.

So the coin you are promoting is just another new alt on the market... I wish you success but i would like to see coins with new features, not more new coins with the same old features...

Why would you create a coin and call it Bitcoin 2.0 or BitcoinZ basically deriving the main word? Makes no sense since this is going nowhere just like most of the recent hard forks which hold no value at all. What is the whole point of increasing the maximum supply and having faster block generation when nobody is going to use it anway?
Addition of smart contracts system seems to be the only unique feature offered by the project but then again, this can only be implemented if the currency is being used widely which isn't the case.

Another fork of bitcoin? I'm not against forks. That's only on what exchanges this fork will be distributed? For free and vinegar is sweet.

Does the coin have development prospects? Will it be integrated into crypto-currency wallets or exchanges? Will integration with business? Now it has a low price, only $ 0.007, although on January 9, 2018 it reached 2.5 ¢. And the price is now falling

In some weeks only we did not see any hard fork and new coins splitting up from the bitcoin but recent days no shit moves like that. I personally do not look at the hard fork because it goes like dumpyard in the marketplace.
Most of hard fork coins first added on bitrex and yobit but for the cheap coins we should not show that much demand like we give to bitcoin.

I agree to some extents, but the small price makes the transaction fees to be very low and also makes it feasible to be used at universal extent.
I mean, how many people use Bitcoin to buy stuff on the market? More than 90% of Bitcoin holders see it like a store of value.

As long as less than 10% of Bitcoin users use it for buying and selling stuff and the price is currently given by speculation, I see in some altcoins a great opportunity for the future.

I think that most of todays crypto is seen as an investment not as a coin to buy and sell stuff.
What do you think?

Litecoin will not replace Bitcoin but it is second coin.

But what about the mining centralization problem. According to statistics somewhere around 70% of mining is happening in China's pools.
Also ASIC mining hardware production is based on China as well and is in the hands of 3 or 10 people.
I mean that the descentralization policy is somehow not obeyed.
What do you think about this?

You are welcomed, sir!
Currently BitcoinZ has a low price and is much easier to mine than Bitcoin and other altcoins.

21 Billion coin supply?!!! Are you kidding? This kind of supply is so obvious, don't be so greedy. There are many altcoins that can deliver faster than what yo can promise with a limited supply than your coin. Honestly this kind of supply is crazy.

the idea nad information are great but i the max supply isn't too much? this will be a flood all over exchanges when time comes and we know some token with that large numbers. If we are talking about ideas well it is great. but to hold on this coin will take too much time.

I think that a limited supply assures somehow that the coin will have a value, just because it is limited in numbers.
Second, will prevent a unit to reach a great value and thus we will work with subunitary numbers, which is pretty hard for human brain.
Also, if I'm not wrong, this fact will keep a small transaction fee which is great.

How would this new shitcoin be better than bitcoin?a privacy inspired with the name of Bitcoin in it?if you are looking for your own privacy there are new potential altcoins like XSpec which is a lot more better than Zcash,XMR,or even dash.the word "bitcoin 2.0" should be name to much deserving coin in the market.

Why do you think that XSpec is more anonymous than BitcoinZ or ZCash? Just because it uses Tor by default? You can do this by yourself if you want.
I just stated at the start of the video why BitcoinZ is better than Bitcoin.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.

I think that zkSNARKS is a strong algorithm for anonymous transactions.

XSpec sounds interesting as well. However I prefer Proof of Work or Proof of Proof of Work instead of Proof of Stake.
Andrea Antonopoulos stated that POW implies POS, due to the energy consumption that you stake when you mine.
But I think POS is a great ideea as well, but it applies better for some applications rather than others. Just like POW.

What do you think that is the best feature for a cryptocoin?

I think community plays a great role and having a maximum supply of coins somehow ensures that the coin has a value.

I think if a coin is going to use the Bitcoin name it should airdrop its supply at a 1:1 ratio to all Bitcoin holders, with no more than 21 mill coins existing. I mean why else would a coin deserve to have Bitcoin in its name?

Sir, but this is not a fork of Bitcoin, it is a completely new coin.

Even if they have a similar name, they are quite different.

Thats being said, I would rather buy or sell using BitcoinZ that Bitcoin, due to the lower fees and faster transactions.

What is 2.0?

You are right sir, maybe the name wasn't the best choice, so thats why I change it.

The current low price may take the road of ZClassic in relative terms.

There are too many altcoin claim that they are the new bitcoin or the replacement of bitcoin but sad to say it will never happen. If bitcoin cash had  a hard time convincing the  community that they are the real bitcoin, what more with this shitcoin.

The video is not enjoyable to watch so I refused to finish it watching. The next time you recommend a video choose the better one.
But anyway, I don't believe that this will be the next bitcoin because bitcoin is bitcoin already and there will be no other which can overlap on it.

Sir, I like to receive feedback on the video so I will be able to perform better next time. If you could be more specific I will be glad.

Why do you think that XSpec is more anonymous than BitcoinZ or ZCash? Just because it uses Tor by default? You can do this by yourself if you want.
I just stated at the start of the video why BitcoinZ is better than Bitcoin.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.

Yo mate, stop with the too obvious shilling. Bitcoinz has been around for like 2 years, it hasn't gained any traction because it has NOTHING to offer.

Just naming a coin bitcoinsomething doesn't make it useful. Bitcoin has the adoption, Zcash has better anonymity. Bitcoinz has?

You listed the problems of bitcoin and said that your coin will escape them. The question is: how will you avoid the centralization process of mining, if you get the same distribution as bitcoin?

I could not watch the video to the end because of the guy's accent. In general, I think he said reasonable things about this new coin. Actually, there are many coins by the functional better than bitcoin but so far none of them has surpassed it in value.

I do not see the potential in this coin, and please do a normal video recording if you really want to get customers

Sir, BitcoinZ is started on 9th September 2017, which means 5 months from now. I never said that it will be the number one coin, but in my opinion it has a great potential.
Compared to ZCash, it has the same algorithm, anonymity, technology, but it has no developer reward and it has a maximum supply as opposed to ZCash.
I stated that currently is at a low price, but it may follow the path of ZClassic.
I think it is a good opportunity for someone who wants to start in crypto.
And also it still worth to mine it with a single GPU, as opposed to ZCash.

It is explained in the video, sir.
The algorithm is ASIC resistant and the community expressed that they want to keep it this way.
So it is basically much more easy to mine it with a computer with a GPU, than it is to mine Bitcoin.
This helps a lot in the descentralization of mining.

Sorry for the beginner level video, sir. I would really like to hear some advices for improvement.
Relating to the last think, I think you are right.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.

Sorry for the beginner level video, sir. I would really like to hear some advices for improvement.
I really need some advices in this part because I know it could be much better.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.

Beggar stop repeating your script, this is a pure scam, invest on my activity tokens guys (less scam) I want to get married, therefor I want the money for matrimonial purposes and not evil and terrorist purposes, if you need smart contracts I could arrange that as well, just give me some time to find a platform for a token with smart contract capability.

@OP, is your excuse the same as mine? like a man has got to eat right etc?
ACY: 21M total supply, I am currently holding 20.6M because it's mine, I don't want to sell the future Bitcoin for cheap, so go and buy while my sell orders are not canceled yet on Waves decentralized exchange.

Before everything I want to wish you a great marriage and all the best!
I can't guarantee that the coin that I talked about would have a great future, but I think it has a great potential and is also at a low price right now.
I'm not currently a developer in their community.
The idea that you stated with your coin is wrong from the start in my opinion and in others opinion.
You want to centralize the system from the start, from what I understood. Premining is not necessarily a bad thing, but it depends how much and what will be the activity of the
community in the future.

I can recommend you sir a great video with Mr. Andreas Antonopoulos, who is a specialist in this field:
https://londonreal.tv/e/andreas-antonopoulos-the-death-of-money/ (https://londonreal.tv/e/andreas-antonopoulos-the-death-of-money/)

Have a good day!

Thank you for your review! In fact, when I saw the coin using the bitcoinZ name, I was not much interested. Although this is not the same coin, but there is a bad name

You are welcome sir!

I would really like to hear your feedback on the video.
Thanks in advance!

The video you have shared with us is really very interesting and it deserves our attention. Meanwhile, I suppose it is too early to suggest that this coin can become something like Bitcoin or even replace it.