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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency on: June 13, 2017, 02:10:26 PM
ZenCash can be freely traded now on Bittrex, so there is no reason the why the Bittrex ZenCash wallet coming out of maintenance would have a negative impact the price. People can already trade out to other cryptos on Bittrex. The Bittrex wallet coming out of maintenance simply allows people to withdraw to their own wallets. If anything, this should have a positive impact on price at the margin because it demonstrates that a technical problem has been solved.

@lupanar it is better for people not to download wallets from unknown links, such as the one you listed. ZenCash holders already know this, but just in case there are people new to the cryptocurrency space here on this thread: maintaining security over one's coins should be a high priority for all coin holders.

Regarding comments on ZenCash price outlook. The time and magnitude of cryptocurrency price movements are very difficult to predict. I have kicked myself a dozen times when I have lost patience in a coin, only to see it rise tenfold or twentyfold shortly after I exited from it. So while it is not helpful to speculate about short term price targets for a new cryptocurrency, I see four things supporting ZenCash's longterm outlook.

Firstly, ZenCash has a an incentive model that seems to strike a good balance of rewards. There is funding reserved for development, funding reserved for secure nodes, and yet still 88 per cent of the block reward goes to the miners. I think as time goes on it's becoming more and more established that coins without a development funding mechanism are severely constrained. Dash's success with funded development is one of the best examples of this.

Secondly, ZenCash funds incentivised nodes. This has a number of technical advantages for securing the privacy of the network which you can see in the ZenCash Whitepaper. It also however has a market impact of putting upward pressure on a coin's price because it encourages people to hold coins as this is a requirement to host a node and node operators are financially incentivised by receiving a passive income in the form of a portion of the block reward.

Thirdly, ZenCash has a strong development team. There is a mix of expertise in this team, including C++ developers, PhDs, and now collaboration with IOHK. They are a committed and talented group who are with ZenCash for the long haul. They have also reached out effectively in bringing in outside expertise - and again, it's only because of the funding model that dedicates a portion of the block reward to development that this can be paid for.

Fourthly and finally, cryptocurrencies as a whole are a rising market. We have all seen how many of the credible, legitimate coins like ZenCash that have experienced rapid, multiple 100s of percent price rises at some stage of their development. The problem of course is when this will happen cannot be predicted.

Anyway, for these above reasons I see significant drivers for the increase in value of ZenCash, but in a serious project like this the developers obviously aren't going to engage in public price speculation.

To find out more about some of the things that are ready to roll out with ZenCash, have a look at Blockops blog post here https://blog.zensystem.io/zencash-mandatory-node-software-upgrade-before-block-117575-on-tuesday-midday
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