I find what is actually going on right now with Bitcoin and its blocksize limit as seen in this thread https://bitcointalk.org/index.php?topic=1661792.0;all to be far more relevant to the long term value of Monero, than this Z.Cash sideshow. By the way Z.Cash has the same fundamental blocksize issue as Bitcoin with only effectively an 8x larger blocksize. So effectively a KickTheCanDownTheRoadCoin? |
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Just checking in to see where things are at, time frame estimates to shipping. Aloha  |
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I will try to arrange for photos. Please do not post offers or buy prices here; PM them to me.
I retract my bid then and will not be counter bidding anyone else. I think secret/private auctions are crap... A possible solution would be to do a private group PM for this. Still transparent but not open to anyone in the world to read. |
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I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy! Lol are you serious? If not that was a good joke. |
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Note: Only funded coins prior to shipment will receive a digital certificate
Can you explain the logic behind this? How will people get the view key for the buyer funded coins? at one point he ruled buyer-funded coins out altogether, so yes, this is a good question. Edit - if anyone would like to split a roll with me, funded, shoot me a pm. I will pay in xmr, & you can pay me 1/2 in btc or xmr, we can work it out or use escrow if you wish. thanks! I'd be happy to split a roll 50/50 with you. Smoothie, any way we can pay you separately to ensure the process goes smoothly? Yes you can split a roll. Would rather just deal with one person though and one place to ship to. |
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Note: Only funded coins prior to shipment will receive a digital certificate
Can you explain the logic behind this? How will people get the view key for the buyer funded coins? The digital certificate has the signed message containing the key images that prove the coin is funded. I'm still confused because you said "Digital Certificate for each coin similar to below ( Only funded coins prior to shipment will receive a digital certificate):" Never mind, I'm stupid. No worries man. Monero is a different animal |
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Pretty sure at one point he ruled buyer-funded coins out altogether, so yes, this is a good question.
The only coins smoothie has ever stated would not be sold unfunded are the silver monero coins(25,50,100). He appears to be structuring these like his previous offerings but with those coins you didn't need a view key to check if they are funded so there was still the possibility of a secondary market. Without a way to verify the funds no one is going to buy one of these coins on the secondary market. I'm wondering if that is his intention or he just overlooked it in this case. You can't prove the balance of a XMR address with just the viewkey. A viewkey only shows incoming transactions not outgoing transactions. You need the key images signed with the private key to prove funding. Hence the digital certificate. This is a common misconception. |
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Pretty sure at one point he ruled buyer-funded coins out altogether, so yes, this is a good question.
The only coins smoothie has ever stated would not be sold unfunded are the silver monero coins(25,50,100). He appears to be structuring these like his previous offerings but with those coins you didn't need a view key to check if they are funded so there was still the possibility of a secondary market. Without a way to verify the funds no one is going to buy one of these coins on the secondary market. I'm wondering if that is his intention or he just overlooked it in this case. Unfunded coins will be marked as such "unfunded" on their holograms. And those coins will not have a digital certificate because there is no funding to prove (with key images). The secondary market can exist if I make the marking on unfunded coins large enough to see with the naked eye. |
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Note: Only funded coins prior to shipment will receive a digital certificate
Can you explain the logic behind this? How will people get the view key for the buyer funded coins? View key exists when the coin address is created. That will be given for any and all coins sold. The digital certificate has the signed message containing the key images that prove the coin is funded. |
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Note: Only funded coins prior to shipment will receive a digital certificate
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Up, down, up, down, left, right, left, right,b,a, select, start......will never forget that cheat code  Hmmm never knew i didnt have to hit select...it still worked. LOL. C'mon... It's up, up, down, down, left, right, left, right, b, a, b, a, select (for 2 players), start. Haha that was like when I was 5-6 years old...punching in that code.  |
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Are you funding the coins out of your pocket or do we need to send you XMR first?
Neither, the buyer funds them. I just provide them the XMR coin addresses to fund. |
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When will the auctions go up? and what is the turn around time if we order them? Soon TM  Turn around time to getting them to ship out is currently 2-3 weeks as of right now. |
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My experience with him started when a copyrighted image slipped into my design by accident. He tried to get everyone on IRC to leave bad feedback about me which I thought was highly inappropriate for someone on a position of power. I did take screenshots obviously of him rallying his troops and you can see the feedback he posted on my trust already. It's inappropriate and turns out I can use the image anyway. No fairness, no reasoning and trying to abuse his status of power.
If my memory serves me correctly, You had the Chicago Bulls logo on your product as well as a fairly similar design of a bank's statue that looked blatantly plagiarized. There were many users (not just me) on that thread that expressed their concern for your usage of such copyrighted work. |
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one of my favorite games of all time dun nuh nuh, din nih nih, dun nuh nuh, da noo ni nah! <---- my best impersonation of the song after each level ending I bid 0.05 BTC |
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80 XMR
Winning bid ^ This auction is now closed. |
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...
An interesting thing about Zcash is that it may be the most hyped alt that is also being launched without any ICO or premine. It also plans on "slow-start mining": the amount of ZEC each time a block is mined will start at zero and gradually ramp up to 12.5 ZEC after 34 days.
So even at the B0.25 per ZEC / $660 BTC / $165 ZEC, the initial market caps will be low. Around $17k on the first day, ramping to $10m by the end of slow mining. Then, after a year it would get to $207m (3,600 ZEC per day).
So the irrational exhuberance in the early days could be offset by headline numbers saying the market cap is still tiny. And, the slow emission / no ICO or pre-mine also means very little liquidity on the markets, which could further drive craziness.
Ironically, their attempt to be "fair" by avoiding pre-mine or ICO may lead to crazy and volatile early prices, and it may take time before the market cap is perceived to be egregious by people who just look at top line numbers.
Here is the quick analysis I put together. I just used a daily increase on block reward to reach the 12.5 on day 34, they may be using a more gradual curve.
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This is excellent analysis. The market has to balance the valuation of the crypto - currency as a whole, market cap, vs the valuation of each individual token, price in the presence of a limited and highly predictable hyper inflation during the first year. A very likely result will be an initial short lived bull market, price close to parity with Bitcoin is actually possible, followed by a brutal bear market with a loss in the 95% or higher over the subsequent 6 - 9 months. It could take several years for the price to reach the initial bull market price if at all. Here are some prior examples 1) Monero. Initial high 0.01111 XBT, Subsequent low 0.00091 XBT. Initial fall in value of the individual token over 91% in terms of XBT, higher in terms of USD, EUR etc. Monero only exceeded its 2014 per token peak over 2 years later. The market cap when the initial peak was exceeded was 10x and soon went over 20x the market cap of the 2014 peak. 2) Dogecoin. The 2014 peak was around 0.00000300 XBT the subsequent bear low 0.00000019 XBT Loss for each individual token over 93%. Dogecoin has not seen 0.00000300 XBT since. 3) Dash. Now in this case the phenomenon was mitigated by the instamine; however in spite of the instamine the effect was still present. The 2014 peak was around 0.02740 XBT the subsequent bear low 0.00215 XBT. Loss for each individual token over 92% in terms of XBT So my take with Zcash is wait about 6-9 moths and then see. Your 3 examples are examples when Bitcoin was in a bear market. If bitcoin is in a bull market, the timeframes can possibly adjusted out and may not even apply here. Time will tell. |
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"Negative trust comments are useless" is like saying "reading 3rd party reviews of businesses/sellers is useless"
Feedback from users/buyers/public is one good way to get generally decent feedback about a person/business.
Saying it is useless is ignorant.
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Is the BTC price in the OP still valid? Just checking since there has been a USD rise since it was posted. Yes |
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