Never invest in zcash, it is very shady, you know. The founder team gets free 20% reward which I assume it is unfair, I would rather they have an ico to investors, not such a shady behaviour, to reserve every 20% share of mined coins, it is same as premine coins. And polo pumped it to 3300 btc at launch, definitely an insider trading I would still go with a 20% founder reward like what Zcash or Zcoin has compared to a full POS ico AND the founders holding another 10% of the coins released before the software is even released. This also gives an incentive in their own currency (and not USD or Bitcoin) to keep on working. We can argue that the 20% is a bit too high, but still better compared to the rest of the schemes.
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So many coins now claim they are anonymous with many different ones saying they are the first ones to do so. What are the real anonymous coins we have now. Are any 100% anonymous and untraceable?
Yeah bitcoins and others coin have a features like anonymity but anonymity features dont help because like in our country you need to reveal your personal details in the exchanger to get convert bitcoin into usd or others currency.Thats my opinion only You can always buy coins on places like localbitcoins or similar and we are on the edge of decentralized exchanges becomming popular, thus it's not too early to invest into the best anon tech out there, like zcoin or zcash.
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Random question and probably an ignorant one, can these coins (zcash and zcoin) be cloned and operate on a POS model as opposed to a POW model?
Are these new anon coins not as simple to " mess around with " as the ltc clones so will many of the developers that can cope with these struggle to keep zcoin and zcash clones updated and secure and deal with any attempted attacks etc?
Well it's a quite tecnical question to answer but i belive it's possible (atleast for zcash) since i've seen a recent ICO with zchas anon tech and 3% PoS, no Pow. I don't see any technical limitation in going PoS with any of these coins. Honestly though, I feel that PoW > PoS in terms of public image and if you want a coin that has a long life (latecommers have an easier time to invest because continious influx of new coins). Technical wise I would go with a PoW/PoS hybrid. But imho a long PoW like what Zcoin has is still superior to a fast pow > pos or just pos pump/dump scheme.
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So they are now buying their legitimacy by making "donations" to Ross Ulbrict's cause and ongoing appeals? Somewhere behind this is a group of people already planning an exit strategy. They will make bold claims that they are better than any anonymous coin out there and zcoin will be adopted by the mainstream. The minute the pump starts they start to sell their coins and hold bitcoins from then on. That makes them really bitcoiners. They also used a vulnerable person who is Ross' mother to promote their coin. That is very pathetic. Also go to https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trusted-setup-ceremonyPeter Todd mentioned that zcash protocol and zkSnarks is broken. Zcoin (Zerocoin protocol) isn't using zkSnarks though. Zerocoin is also widely researched (from an academic perspective) since years and Zcash built the new Zerocrash protocol out of Zerocoin. Zerocash protocol is fairly new and can have some heavy vulnerabilities no one knows of. https://en.wikipedia.org/wiki/Zerocoinhttp://blog.zcoin.tech/zcoin-and-zcash/Zcoin is the first working implementation of the Zerocoin protocol.
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I would rather trust Zcoin's (working Zerocoin protocol) setup using the RSA 2048 factoring challenge, which has probably been deleted like 20 years ago. Also they will work on implementing a trustless setup with the Zerocoin protocol: https://github.com/zcoinofficial/zcoin/wiki/RoadmapBesides this, both Zcoin and Zcash will be a good investment, but no one knows when whales will splash, both have a good upside potential. Investing into mining with cheap electricity might be the best option for now.
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Certainly a good way 2 spend some of the founders reward, I'm actually all for darknet markets, certainly takes agression from the streets and solves problems in a cultivated manner.
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Zcoin and Zcash should win the race in terms of transactional privacy. Zcoin uses the Zerocoin protocol (older more researched) while Zcash uses the Zerocash protocol (newer, more complex, but less research behind it, more risk). You can always only go for 99% anonymity, but these project go as close to it as you can imho, while other projects have some or more protocol level weaknesses and will result in tainted coins on exchanges if used for some form of illegal activity. Difference between the 2: http://blog.zcoin.tech/zcoin-and-zcash/
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So, I actually stumbled upon Zcoin (XZC) a few weeks ago. It is the first working implementation of the Zerocoin protocol, which has been talked about a lot in several academic journals regarding cryptography ( https://en.wikipedia.org/wiki/Zerocoin). I was pretty hyped for the Zcash launch and noticed that Zcoin was launched prior to Zcash (few weeks), first I thought it simply wants to ride out the Zcash hype, but after reading some posts about it and checking a direct comparison ( http://blog.zcoin.tech/zcoin-and-zcash/) I found this project to be the biggest competitor to Zcash in terms of privacy tech that there is. It's obvious that one can never trully achieve complete anonymity (something close to 99% is enough), but these 2 projects come way closer to the acceptable range than project that use some form of mixing, coinjoin, ringsigs, decentralized coinjoin, supernodes etc. I was a pretty early investor and miner in DASH, XC, VCASH and bought enough XMR before the darknet pump and I'm amazed how undervalued and underhyped this project actually is ( https://coinmarketcap.com/currencies/zcoin/). It has a long POW, founder reward (20% like Zcash, but bounties for dev contributions), a perfect privacy feature and is mineable by anyone with a cpu. They will also do the first working implementation of the MTP (Merkle-tree based) PoW, which will heavily favour home cpu miners (memory heavy cpu mining). If you want privacy you can either jump on Zcash ( https://z.cash/) or Zcoin ( https://zcoin.tech/) currently, but Zcash seems way 2 corporate atm. Any input is welcome, no trolling tho.
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What does this mean to us miners? Solves restart problems for pool ops, pools will be more reliable until the algo change to MTP.
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BTC down.. and we are going up.. whop whop Where do you see a pump? was 0.0025 and after btc dump zcoin is still at 0.0025 95% of poloniex are green. zcoin is always red. From the first 13 most traded coin on bitterx after btc dump, zcoin is the worst. Waves: +8% Nlg: +20% Dash: +4% Eth: +5% Lisk: +11% Xaur: +15% xzc: -10%Who was the expert trader who said: "when btc dump ALL alt goes up?" "all alt ZCOIN apart" It did actually go up to 315k before going back down. So nothing he said was untrue. You are still a lowlife though with 2 much free time.
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Thats why i am not a fan of Cpu only algos
Means Botnets Choice and that means constant Sellpressure from "free" Coins. I bet botnet guys where hoarding for the Zcash Release and then they dumped it to shit over the BTC run.
Considering real mining Efforts, Momentum and poor Blockrewards this should be arround 40-50$. That Red Candle of unloads (very likely from Botnets) killed it for now imo.
the problem with this also, is that a gpu miner would be pointless because it will be on par with cpu, really a bad thing for us miner, it will only help mining centralization with aws instances, like someone else said they should have done this with lyra2re2 instead of a fancy lyra2 with some adjusted parameters AWS started banning users that used bought credits, slack is full with people complaining so that's good for investors now. Also the new algo will be cpu friendly, but might prevent botnets: "We believe MTP is the way to prevent botnets from mining while allowing normal legitimate CPUs to perform proof of work." Source: https://github.com/zcoinofficial/zcoin/wiki/Roadmap
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ANN copied from Slack:
Issues on Lyra2 algo for pool operators are noted and MTP is being worked on. There is a planned adjustment to the existing Lyra algo as a temporary measure to keep pools running so that it doesn't keep increasing with block height.
[2:11] Poloniex, we are getting some help on that but nothing promised so far. Will keep you guys updated when I get more info.
[2:15] We are aware also of the FUD being spread over obvious untruths such as Zcoin being a Zcash fork. We can educate, but only those who open their eyes, will see. Thanks to those who defended us with the facts.
[2:16] Informational video script is being worked on and we hope to have a decent explanatory video for newcomers.
[2:18] Any questions on these please refer them to #chat thank you!
1 year development and no time to made basic marketing and promotion before launch? 1 year, 365 days,+ 1 month from release. still working on a video? it's a video or a movie? who's the director? Martin Scorzese? Anyway, what abour recent meeting from poramin with professor? It happened days ago. And? Zcash did more than a year development time, launched with flawed anonimity and no wallets or a video. Is it a scam? No. Is this a scam? No. This is the very first implementation of a working ZeroCoin protocol, nothing more and nothing less currently. Damn son, you must be a true detective to deliver such a solid proof for a scam accusation.
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ANN copied from Slack:
Issues on Lyra2 algo for pool operators are noted and MTP is being worked on. There is a planned adjustment to the existing Lyra algo as a temporary measure to keep pools running so that it doesn't keep increasing with block height.
[2:11] Poloniex, we are getting some help on that but nothing promised so far. Will keep you guys updated when I get more info.
[2:15] We are aware also of the FUD being spread over obvious untruths such as Zcoin being a Zcash fork. We can educate, but only those who open their eyes, will see. Thanks to those who defended us with the facts.
[2:16] Informational video script is being worked on and we hope to have a decent explanatory video for newcomers.
[2:18] Any questions on these please refer them to #chat thank you!
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ZCASH was added to polo and bittrex on the same day the first coin appeared, so what are we talking about?? Money talks, dogs bark.
Exactly. First they check volume. After they check development. And it's missing on zcoin. There is a roadmap with nothing so "innovative" for next 5-6 month. Probably poloniex will reconsider zcoin next 6 month, when and if mtp will be added to zcoin. Until then there is no reason to add zcoin to poloniex. Low volume, no roadmap for at east 2 month. Polo will not add coin cause there is a new website. loool You have literally no clue what Poloniex checks, unlike you I have actually known an ex Polo wallet admin for a long enough time and it's really not that simple as "needs volume". So many coins have been added without constant EVEN MEDIOCRE volume. I like how you keep spamming bullshit comments while acting knowledged. I'm running a private zcoin pool. Every 2 days i need to restart cause memory required is going to be every day higher!! This algo is broken!! Mark my words. Zcoin will not survive with this algo for next 30 days. Suprnova has all the hash, who is mining on your so called private pool? You with a gameboy? Also ocminer (suprnova pool op) was already contacted with an offer on help (fix or whatever). It was stated on slack. Anything else you can bullshit over? You really should know when to stop, I responded to every comment you made and instead of trying to challenge it you just hop on another "issue", which got answered aswell. Feel like you are doing the textbook trolling 101, again I would ask anyone reading this to look up his comment history. Not everyone will believe your trolling, specially when it's not backed up with anything. Seriously? People who point out legit issues are "trolls"?? Devs are currently rolling in cash on this coin and cannot even be bothered to show up in the thread, fix the OP, do any marketing. Oh wait a minute, they ran a Reddit ad. That was genius. Do the math on what 20% is so far, then ask yourself where is the community manager? Where are the demo videos, where are the use cases? Lambo baby. Go get'er Gary, this scam is on autopilot. Kind of sad how another new member of this community (you) can not differentiate between trolling and valuable discussion. I adressed every single recent comment of his and gave an answer to it, he wasn't criticizing, he was simply being a troll. Read it back and read his comment history afterwards. There are certain points, which need to be worked on in this project. Marketing is on the low side and so is the "pace of progress", but this doesn't mean that the developments are running slow, it is simply slow in crypto terms, because the avg investor here has an attention span of a goldfish. The trolls points on top of my head: 1) Polo won't add zcoin, Polo only goes for volume coins Incorrect, see last 20 adds, you will find tons of coins which had similar avg volume to XZC (or lower). I also knew a polo wallet admin and they didn't go for volume coins simply because they had volume. 2) No reason to add XZC to Poloniex Zcoin has currently one of the highest level of anonimity a crypto project can offer, up there with Zcash and higher than Monero. 3) Zcash has more lines of codes submitted to github than Zcoin And? Quantity over Quality anyday. Zcash is also a way more funded project than Zcoin currently, with a bigger team. Zcash also had it's anonimity feature flawed at start, which needed fixing. It's the SINGLE FEATURE the project has. So more lines submitted (aka bugfixing) means it's a superior project? 4) Algo is flawed, coin will die in 30 days. A brand new algo is being implemented, no other coin has it, seems superior to other sollutions. Meanwhile a fix is being worked on as we speek. Poramin wen't to see a university professor to talk about MTP and it's possible implementation. Anyone can see this if they join Slack. Progress can not be measured by purely watching github. I responded in more detail to his trollish comments, but please let me know if I forgot to summarize correctly for you, since you seem to have the brain size of a chipmunk since you feel that he is being talked down for no reason and he isn't trolling with his comment history.
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ZCASH was added to polo and bittrex on the same day the first coin appeared, so what are we talking about?? Money talks, dogs bark.
Exactly. First they check volume. After they check development. And it's missing on zcoin. There is a roadmap with nothing so "innovative" for next 5-6 month. Probably poloniex will reconsider zcoin next 6 month, when and if mtp will be added to zcoin. Until then there is no reason to add zcoin to poloniex. Low volume, no roadmap for at east 2 month. Polo will not add coin cause there is a new website. loool You have literally no clue what Poloniex checks, unlike you I have actually known an ex Polo wallet admin for a long enough time and it's really not that simple as "needs volume". So many coins have been added without constant EVEN MEDIOCRE volume. I like how you keep spamming bullshit comments while acting knowledged. I'm running a private zcoin pool. Every 2 days i need to restart cause memory required is going to be every day higher!! This algo is broken!! Mark my words. Zcoin will not survive with this algo for next 30 days. Suprnova has all the hash, who is mining on your so called private pool? You with a gameboy? Also ocminer (suprnova pool op) was already contacted with an offer on help (fix). It was stated on slack. Anything else you can bullshit over? You really should know when to stop, I responded to every comment you made and instead of trying to challenge it you just hop on another "issue", which got answered aswell. Feel like you are doing the textbook trolling 101, again I would ask anyone reading this to look up his comment history. Not everyone will believe your trolling, specially when it's not backed up with anything.
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ZCASH was added to polo and bittrex on the same day the first coin appeared, so what are we talking about?? Money talks, dogs bark.
Exactly. First they check volume. After they check development. And it's missing on zcoin. There is a roadmap with nothing so "innovative" for next 5-6 month. Probably poloniex will reconsider zcoin next 6 month, when and if mtp will be added to zcoin. Until then there is no reason to add zcoin to poloniex. Low volume, no roadmap for at east 2 month. Polo will not add coin cause there is a new website. loool You have literally no clue what Poloniex checks, unlike you I have actually known an ex Polo wallet admin for a long enough time and it's really not that simple as "needs volume". So many coins have been added without constant EVEN MEDIOCRE volume. I like how you keep spamming bullshit comments while acting knowledged. Edit: Looking back at your comment history now it's pretty clear what your aim is here. Hope no one takes you seriously though.
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ZCASH was added to polo and bittrex on the same day the first coin appeared, so what are we talking about?? Money talks, dogs bark.
Exactly. First they check volume. After they check development. And it's missing on zcoin. There is a roadmap with nothing so "innovative" for next 5-6 month. Probably poloniex will reconsider zcoin next 6 month, when and if mtp will be added to zcoin. Until then there is no reason to add zcoin to poloniex. Low volume, no roadmap for at east 2 month. Polo will not add coin cause there is a new website. loool Have u seen the volume before Zcash....I guess no About development.. This has been in development for more than 1 year even before Zcash. Can you show me the roadmap of Zcash... Clear your facts before posting crap.... True, chech zcash github and zcoin github. Zcon github got no update since 10 days (only a crap bullshit page with next 2 monnth,next 5 month,next 10 month) Zcash got dozens code update every day. Those are facts, not words. Both zcoin and zcash got thousands usd daily form their 20% premine for development. Quantity doesn't equal quality, coding can't be measured by lines written. A more bugged software needs more coding to fix. Unreal how much garbage comes from your mouth. This probably needed a few lines of code aswell: https://www.cryptocoinsnews.com/zcash-bug-prevents-private-transactions-soon-after-launch/And the constant stuck payments on ZEC Pools aswell I guess.
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ZCASH was added to polo and bittrex on the same day the first coin appeared, so what are we talking about?? Money talks, dogs bark.
Exactly. First they check volume. After they check development. And it's missing on zcoin. There is a roadmap with nothing so "innovative" for next 5-6 month. Probably poloniex will reconsider zcoin next 6 month, when and if mtp will be added to zcoin. Until then there is no reason to add zcoin to poloniex. Low volume, no roadmap for at east 2 month. Polo will not add coin cause there is a new website. loool Wonder why you are avoiding to answer comments that point out flaws in your logic you tool. How much do they pay you for shitposting?
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Poloniex require interest from market before add. If zcoin prove it's volume on top of bittrex for some weeks, they will add for sure.
But, zcoin need volume. Current volume market on bittrex:
ZEC CLUB EBST NLG NAV DASH ETH LSK WOX WAVES STRAT XMR START ZCOIN
Quite false hype information talking about poloniex interest if first zcoin will not achive more volume on market. Exchanges first listing rules is "volume"
Polo has added several coins in the past, which didn't stand out because they had high volume. Stop spreading misinformation as if you were knowledgable. Volume doesn't hurt, but it's not the deciding factor according to past additions.
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