[2016-11-16]Days Old Cryptocurrency Threatens To Give Bitcoin A Run For Its ..

[WishICanTurnBackTime]

Days Old Cryptocurrency Threatens To Give Bitcoin A Run For Its Value

If cryptocurrency scene has been heating up, then Zcash (ZES) has just added more fuel to the flames. Zcash is the latest altcoin on the market and it is threatening to turn tables on older rivals. Sticking to the trend of new digital currencies coming to market, Zcash is comparing itself with Bitcoin (BTC).
Zcash Electric Coin Company, the developer of Zcash cryptocurrency, says the new digital currency is the solution to the problems Bitcoin and most other altcoins before it have failed to nail. One of those problems is privacy. Zcash claims to offer far greater transaction privacy than Bitcoin and it is hoping to rally on that advantage to bolster its value in the increasingly crowding cryptocurrency market.

http://www.forexnewsnow.com/top-stories/days-old-cryptocurrency-threatens-give-bitcoin-run-value/

[TraderTimm]

ZCrash is like every other alt-coin. Full of promises, short on delivery.

Let me guess, they're excited about their percentage growth metrics (2 users instead of 1 -- 200%!!) or some such nonsense. Lets check the article, shall we?

Oh no -- its worse than that -- they think a price of 100 is indicative of success. Look at this chart, and then realize why I call it ZCRASH -- (Go to tradingview.com, type in the ZECUSD symbol trading on Kraken -- or try this link -- https://www.tradingview.com/chart/LrqUp8gM/# )

See that unattainable-ever-again-high price? Yes, its at 30,000 -- with a volume of dust motes, because ZCash has a goofy mining schedule that requires it to scale up over time. Dollars to Donuts the founders probably scooped up these little particles of ZCrash to maintain a inflated price, without actually settling the trade.

Now, trading at ~110 we have the "miracle" of ZCrash displayed for everyone to see.

What they don't tell you is -- their "snark" process, by which they make some wonderful "secrets" that bind the whole ZCrash ecosystem together -- is the achilles heel of the entire system. If anyone reverse-solves what these are, through any method, then their entire ecosystem becomes an Ethereum-esque pile of steaming crap.

That's a lot to ask for when being an early adopter. I wouldn't want an asset that is crashing like a monster to be my token, and I sure as hell wouldn't want one that had an enigma-like crackable "secret" that would up-end the entire thing.

Good luck ZCrash..... lol

[Kprawn]

Full anonymity will never go mainstream in any way.... The governments will clamp down on it, and ban it as quick as you can say "OCash"

The governments already have issues with Pseudo-anonymity, because they cannot monitor and control it. They force people to use centralized

services linked to AML/KYC regulations to give them some form of control over Bitcoin. 

[Gahs]

If you look at it on the bright side, nosy governments have considerably helped to keep crime rates down.

[odolvlobo]

If you look at it on the bright side, nosy governments have considerably helped to keep crime rates their people down.

FTFY