Zcash!?

[Tmdz]

There is much hype.

Miners think they will earn ungodly amounts of money in this coin, or at least the hype is telling them that.  Private farms are sending crazy bids to software devs to get their hand on efficient gpu miners.  People are buying up cloud mining as fast as they can offer it, and a single gpu can net a cloud company somewhere around $2500.

But im kinda thinking all this hype is going to byte them in the ass.  Maybe price will hit highs say $10-20 in the first few weeks then it will settle down.

[myxamop]

There is much hype.

Miners think they will earn ungodly amounts of money in this coin, or at least the hype is telling them that.  Private farms are sending crazy bids to software devs to get their hand on efficient gpu miners.  People are buying up cloud mining as fast as they can offer it, and a single gpu can net a cloud company somewhere around $2500.

But im kinda thinking all this hype is going to byte them in the ass.  Maybe price will hit highs say $10-20 in the first few weeks then it will settle down.

Same here, it's all about trading hype. This tech need much time to be tested in real world use.

[Kuriso]

zcash = US Federal Reserve. It creates money, charges a 10% tax, and the ledger cannot be audited.  

How many hackers will be working on figuring out how to print new coins?  You can bet that every hacker that has ever attempted to attack other coins will work to attack this one.  They will never get caught.  No way to know how many coins are really in circulation.  

Zcash Corp is dangerously launching new tech with no means of auditing the blockchain or totaling coins in circulation.


The idea of the privacy is what draws you in but greed blinds you to the faults.  Hypers are blinded by greed.  They do not care that the system is seriously flawed.

[Bitcoinorama]

 zcash is will be everything bitcoin is not.  

• zcash will have a blockchain that cannot be audited which means there is no way to find hacks or track the true circulation.
• zcash will charge a tax on miners to pay investors - 2.1 million coins across 4 years
• zcash is a corporation with share holders in the company - what will happen when the corporation needs more money and needs to pay investors?
• zcash is a privacy focused currency with known knowns based in the privacy friendly US

[/quote]

Bitcoin's blockchain was revolutionary in that it solved an issue that plagued digital currencies; trustless verification to prevent double spending. Without this one needed to trust centralised parties not to deceive or be coerced.

With Zcash you need to trust Zooko and co not to deceive you to increase the money supply (you wouldnt know otherwise) and not to be coerced (for instance by government), bearing in mind the company Zooko moves with (look at his investors and advisors - the who's who of alt pump and dumps) trust is crucial.

Fact is Zcash is a privacy orientated digital currency that requires complete trust.

Bitcoin is a digital currency where privacy can be incorporated and it trustless.

[Genemon]

zcash = US Federal Reserve. It creates money, charges a 10% tax, and the ledger cannot be audited.  

How many hackers will be working on figuring out how to print new coins?  You can bet that every hacker that has ever attempted to attack other coins will work to attack this one.  They will never get caught.  No way to know how many coins are really in circulation.  

Zcash Corp is dangerously launching new tech with no means of auditing the blockchain or totaling coins in circulation.


The idea of the privacy is what draws you in but greed blinds you to the faults.  Hypers are blinded by greed.  They do not care that the system is seriously flawed.

That tax is one off. There will not be any tax after 4 years. You can say the miners will charge a tax or fee.