Thoughts on Zcash?

[harrymmmm]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

[propcorn]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

[harrymmmm]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

[Shrikez]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

Yes they do. But not this corporate moneygrab scheme.

[harrymmmm]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

Yes they do. But not this corporate moneygrab scheme.

I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...

[yefi]

I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...

Could it be that your relationship or acquaintance with Zooko has coloured your impression of this coin? Because from where I stand, it was nothing more than your average altcoin pump, based on hype that had no more basis than any of the other myriad pumps in cryptoland.

[SaShiRaJaVu]

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

There are many anonymous crypto currency right now and what is the use for another currency.If you are looking for anonymous coins Monero is doing that job as it is used in the dark market and it is popular over there, the price of Zcash was pure speculative price and to be frank i do not know the real use of the coin other than trading . 

[harrymmmm]

I do agree there seems to be some money grabbing. That disappointed me coz I've known zooko for over 20 years now and I didn't expect that. I'll continue to believe he did the best he could tho. It may be there were commitments to team members to get them to work on it, for example. I admit to not having followed the politics...

Could it be that your relationship or acquaintance with Zooko has coloured your impression of this coin? Because from where I stand, it was nothing more than your average altcoin pump, based on hype that had no more basis than any of the other myriad pumps in cryptoland.

Internet relationship.  A few emails, some chat. I participated in one of his projects way back. Reading his stuff since then ...

None of that has anything to do with my belief that zksnarks or something similar are an important building block. Prior to mimble-wimble I would have said zcash was the only anon cryptocurrency  to hold (I would use Monero to break the chain but get back out of it asap). The way zcash has been done isn't consistent with that, so now I guess we're waiting for another zksnark type of CC. Disappointing.

[Pattberry]

The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.

[shinratensei_]

The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.

The zcash miner will still dump this coin for a long time later. It was a very bad coin with the big hype at the early time over 3k btc and in this time was shooting down into below 0.05 for each. The adoption by new market won't giving anything for zcash except the dump will always continuously.

[dinofelis]

People really want an anonymous, fungible cryptocurrency like this.

There are already fungible coins on the market, which are much more fungible than zcash.  In fact, zcash is one of the least fungible coins around, because of this option to "go anonymous" OR NOT.   As such, there are 2 kinds of zcash: those that are "pure" and never got dirty on "getting anonymous" (mined in the clear, and bitcoin-style traceable).  These have the same fungibility aspects as bitcoin (that is, they can be colored).
And then there are the anonymous notes of zcash, which are AUTOMATICALLY stamped "anonymous" and maybe "suspicious", but which, amongst themselves, are perfectly fungible.

Now, THAT's a mess.  More than 90% of zcash is "bitcoin style" just as colorable, and 10% is "anonymous" fungible.

If you compare that to something like monero, or shadowcash or the like, the coins are much, much more fungible, because much much more alike, and essentially impossible to colour without ending up colouring the whole chain.

Making anonymity an option is the biggest blunder zcash ever made.  It is a no-go.

[Zadicar]

The price has dropped pretty well and this would hurt the miners if the price keeps on dropping further. Its a good coin to trade and hope new markets arise for the use of Zcash in future which in turn helps in increasing the price in the future.

The zcash miner will still dump this coin for a long time later. It was a very bad coin with the big hype at the early time over 3k btc and in this time was shooting down into below 0.05 for each. The adoption by new market won't giving anything for zcash except the dump will always continuously.

Its indeed a badcoin and the good thing that happen into it is the hype that being built which causes its price to rise up insanely.As we can see on tis price as of now it badly dropped lower even more and its now on 0.04 per zcash which is really sad for those person who invested or buy it on 1+ btc price.

[mummybtc]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.

[tempus]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.

The first days (or even weeks) on exchange were nuts, and such prices doesn't only make sense because there isn't real use yet - that's the case for nearly all Cryptocurrency-and blockchain-projects when they start. It was a combination of hype and very very limited supply.

That said, it will need some time. And if there won't be bugs and catastrophes and if people are not concerned about the trusted setup Zcash may establish itself over time and also grow into real use-cases. But it's impossible to predict.

[rifiuti]

This doesn't make sense - gold and silver markets are manipulated DOWNWARD, not upward. I believe this is done via "naked shorting" - currently the infrastructure to naked short bitcoin does not exist. If the Fed prints money to buy up gold or bitcoin, they make it more valuable, and thus more likely to be held.

You are talking about a different effect here.  The "naked shorts" imply a confusion between "paper gold" and genuine gold.  In fact, paper gold is like good ol' fractional banking.  As long as there is a "parity" between an once of paper gold, and of genuine gold, it seems as if this naked shorting is creating gold out of nothing and is causing inflation.  However, this is actually only inflation for paper gold.  When there's a lot of naked shorted gold (paper gold), it is the opportunity to acquire cheap physical gold, because when the bubble bursts, or when it deflates, the whole market cap of paper gold will go to physical gold. 
But this is not the action of the FED.  The action of the FED is to buy gold when it is expensive, and to sell gold when it is cheap.  That sounds like a crazy doctrine, because normally you lose when buying high, and selling low.  But if you can print money at will, that is no problem.  What happens when doing so, is that the FED increases the volatility of gold, and "stabilises" the paper dollar.  In doing so, it pumps effectively the held value in gold into the dollar.  When gold is expensive, its policy makes it even more expensive, meaning that people have to spend a lot of value on the little bit of gold they can acquire.  Later, when the gold price diminishes, the FED throws even more gold on the market, making the gold that people held, less worth, so that they can obtain much less value against it.
For any other agent, this would be a terribly lossy and expensive thing to do, but as the FED can print the money it likes (and is "backed" by the very stuff it is buying), it doesn't cost the FED ziltch doing so.

In fact, the naked shorting of gold counteracts the FED's manipulation.  I'm pretty sure they don't like it.

There's nothing that can stop the FED from doing exactly the same with bitcoin: buying it against printed dollars when it is high and selling it (absorbing dollars) when it is low, increasing its volatility.

The only thing that would make sense to kill bitcoin would be to "corner the market", which will be difficult for even the Fed, given that bitcoin has an $11 billion market cap right now. Remember also that as the USD price of bitcoin goes up, forex arbitrage opportunities present themselves...

Suppose the FED is willing to print $50 billion dollar to "own" bitcoin, what would be the problem ?  It could print 50 billion, buy up all bitcoin, which is then "backing" the printing of those $50 billion.  When the FED has bought 4/5 of all bitcoin, and people have been spending fortunes on the 1/5 that's left, the FED sells its stash of bitcoin all at once, crashing the price. 
All the value that people had been spending on acquiring that 1/5 of bitcoin is now gone (into dollars printed by the FED).

And the cycle can start over.

Value is pumped out of people wanting to store it in bitcoin.  Like value is pumped out of people wanting to store it in gold.

Legit, best answer on this topic. Cheers man!

[Astonuse]

Have they managed to make anonymous transactions actually work?

Yes, I believe they did. I think the rapid price increase after release was a reflection of people's desire for such a coin too. Not just your average altcoin pump.

the rapid increase of price after release was the power of super hype that began months ago + low initial inflation.... with the current inflaction is impossible to mantain the current price.... the price is going to fall alot more

The 'hype' had an actual basis, unlike most altcoins. I said nothing about the current price, or maintaining it.
People really want an anonymous, fungible cryptocurrency like this.

We all agreed about the Hype impact on the price, cos it doesn't make any sense for a coin that its only claim is anonymous but no real use yet, even not one dark net market has adopt it yet.

The first days (or even weeks) on exchange were nuts, and such prices doesn't only make sense because there isn't real use yet - that's the case for nearly all Cryptocurrency-and blockchain-projects when they start. It was a combination of hype and very very limited supply.

That said, it will need some time. And if there won't be bugs and catastrophes and if people are not concerned about the trusted setup Zcash may establish itself over time and also grow into real use-cases. But it's impossible to predict.

The high price was due to lack of supply. The volume was also very low.

[yefi]

The high price was due to lack of supply. The volume was also very low.

Supply was severely constrained - there was less than 1 ZEC on Polo at the time. Volume, however, was not low. There was over 1000 BTC of trade during the hour of the bubble.

[logictense]

Price is 0.043 and falling. In the meanwhile finex enabled margin. Lol lunatics. Whats wrong with these guys?

[Atmintan]

Price is 0.043 and falling. In the meanwhile finex enabled margin. Lol lunatics. Whats wrong with these guys?

It is fluctuating around 0.05 now.

[Palider]

Price is 0.043 and falling. In the meanwhile finex enabled margin. Lol lunatics. Whats wrong with these guys?

It is fluctuating around 0.05 now.

If the price is stable, it will give investors some confidence.