Bitcoin Forum
June 30, 2024, 07:08:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Addition of privacy coin (ZCash) @ Coinbase BUT with only taddresses - worth it?  (Read 109 times)
Raja_MBZ (OP)
Legendary
*
Offline Offline

Activity: 1862
Merit: 1505



View Profile
August 23, 2018, 01:25:26 PM
 #1

Why is Coinbase planning to add ZCash (ZEC)? The only unique thing in Zcash is the combination of transparent & private addresses, while Coinbase is *most probably* not going to deal in z-addresses of Zcash as stated here:

Quote
We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.

Source: https://blog.coinbase.com/coinbase-is-exploring-cardano-basic-attention-token-stellar-zcash-and-0x-9e44f0eb823f

That leaves the addition of ZCash with only t-addresses (and no private/z-addresses) which is useless.

IMO, addition of even Doge would be better than the addition of Zcash taddress-only. Not worth it.
butka
Full Member
***
Offline Offline

Activity: 434
Merit: 246


View Profile
August 23, 2018, 01:57:11 PM
 #2

IMO, addition of even Doge would be better than the addition of Zcash taddress-only. Not worth it.
Agreed. One should also mention that:

Quote
Zooko Wilcox, the co-founder of Zcash, has found himself facing criticism over his “founder’s reward”, currently valued at over $300,000 per month.
Source: https://cryptocoinspy.com/zcash-zec-founder-zooko-wilcox-in-300000-per-month-founders-reward-controversy/

So the developers of Zcash are collecting 20 percent founders reward for 4 years after inception.
Raja_MBZ (OP)
Legendary
*
Offline Offline

Activity: 1862
Merit: 1505



View Profile
August 23, 2018, 03:21:37 PM
 #3

IMO, addition of even Doge would be better than the addition of Zcash taddress-only. Not worth it.
Agreed. One should also mention that:

Quote
Zooko Wilcox, the co-founder of Zcash, has found himself facing criticism over his “founder’s reward”, currently valued at over $300,000 per month.
Source: https://cryptocoinspy.com/zcash-zec-founder-zooko-wilcox-in-300000-per-month-founders-reward-controversy/

So the developers of Zcash are collecting 20 percent founders reward for 4 years after inception.

Yup, that's worth mentioning. Coinbase will only provide comfort to Zooko to withdraw his easy-earned founder's reward, LOL.

BTW, if that reward is worth $300,000 per month right now, can you imagine how much it'd have been worth in last December/January?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!