It's not a matter of what's fair or not, it's a matter of what's good for the ecosystem

e.g. 20% is so high it's a significant help to a 51% attacker.

Equally, tying reward to market cap isn't necessarily ethical - can lead to scam incentive

And like it or not, @zcashco is very likely to be seen by regs as soliciting investment.

I should add a writeup of this concern to the disclaimers on my trusted setup post.

Its a totally absurd idea.  While it might not bother people just buying zcrash to buy things on DM it totally prevents it from being used as a means to store wealth privately.

In terms of Zcash here is a great write up on just some of its problems.  The more people dig into it the more serious flaws they find, additional articles and research will be published shortly.

http://weuse.cash/

Zooko proposed recently to periodically force everyone to reveal their balance as a solution for the hidden inflation problem. At a certain block height all “anonymous” coins would become invalid and an observer would be able to sum up all “transparent” coins. If the total amount is equal to or less than the emission should actually be, the  system can be considered “sound” until that point in time.

Note disclaimer: My participation in the Zcash trusted setup ceremony should not be construed as an endorsement.

FWIW, I did the the ceremony knowing little about it.

Lol are you serious?

If not that was a good joke.  

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.

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.

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.

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move.  And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC.  WTF is wrong with crypto people.

I believe the original SR had such a system in-place. A seller of goods could "Lock In" an exchange rate, for a particular deal, if they were worried the rate would move against them and make the sale unprofitable. This feature was there fairly early on. Before there were several advanced markets where a trader could do this, SR made it possible for anybody to do it without needing to know what long/short even means.

Perhaps some of today's markets have incorporated this too? I wouldn't be surprised if they haven't, the price of BTC is actually considered pretty stable now. If no such hedging system exists, perhaps they should look at it again - for Monero now especially. I'd say this is one of the big reasons larger traders aren't adopting it right away, the volatility compared to BTC. If they could hedge against the price volatility, same way SR1 made it possible, it would make accepting XMR a no-brainer.

When SR was just getting started, Bitcoin's volatility was worse than Monero's today - we had moves between $1 and $20 for a while, despite this, the demand was so strong a vibrant dark-market was created. In it's wake, hundreds of new markets formed to fill it's place.

SR was way ahead of it's time, looking back on it now..  Great community vibe back then too, that was all killed, not unlike the FUD/troll attacks on the community we've seen on bitcointalk, attempting to make the place hostile and divided.. We must remember what is truly important; Crypto money provides a path to real financial freedom, freedom from central bankers and other organized financial crimes which have been legitimized. Such games are not possible when you play on our system. BTC and XMR can worth together masterfully to help the people reclaim what's rightfully ours. A fair playing field, that is all.

In the 2013 journal, Ulbricht comments on 03/24/2013 that he had been “been slowly raising the cost of hedging”, suggesting he was trying to discourage use of it. On 04/10/2013, he writes “some vendors using the hedge in a falling market to profit off of me by buying from themselves. turned of access log pruning so I can investigate later. market crashed today.” This suggests he was no longer keen on the hedging system and was planning on scrapping it anyway when the vendors began abusing it, the market crashed (increasing losses), and then on top of that, the account was drained by what he believed was the DEA (see the journal & spreadsheet entries) a month later.

Evidently the GUI is hiding in the woods in Winston Salem?

Malla can comfortably host about 20 guests, so I'd like the party held so that everyone fits in who is able to come.

$10 perhaps? 

C'mon folks, we need more manic exhuberance, or they won't short it down.  I want to hear some chitchat about world domination and new global elite...  Or don't you want your bids filled?

So much greatness here! What about ring signatures like in Monero?

That list was far from comprehensive. I mostly don't think of the ring signature stuff as a high contender because of its adverse impact on scaling (it adds a perpetually growing spent coin accumulator, and makes the utxo set perpetually growing).

The fine is pretty small compared to the size of the trust so not a big deal in my mind.

What does worry me is the 2% annual fee per http://grayscale.co/bitcoin-investment-trust/.  *If* I could sell GBTC and purchase BTC directly in my Roth IRA then I would do it to save the expense.