[ZEC] Zcash Speculation

[redsn0w]

#Zcash will be available for trading on Oct 28th. We will announce when the $ZEC market is live.

https://twitter.com/Poloniex/status/791648296112680960

This is interesting, sent few btc to poloniex .

[N-rG]

I would really enjoy to figure out how much these investors like Roger Ver had to pay at this company to become part of it.

$3m was invested in total (1m first round, 2m second) and they'll get 1.65% of total supply.

In other words, with current price, their investment is worth $122m, or 40x return. If Roger Ver invested 100 BTC, it's now worth 4000 BTC.

The founders, with current price, has about $618m.

Am I right: As soon zcash passes 181 million $ market cap. investors hit their break even? I doubt that they will succeed.
Otherwise i have an idea how they could make this working but i dont want to write that down in case they didn't think about that and follow this thread

[redsn0w]

"New currency Zcash to be enabled on Friday, October 28th: https://www.bitfinex.com/posts/163"


https://twitter.com/bitfinex/status/791685456035405824

[Sarspin]

"New currency Zcash to be enabled on Friday, October 28th: https://www.bitfinex.com/posts/163"


https://twitter.com/bitfinex/status/791685456035405824

Announcements > New currency Zcash to be enabled on Friday, October 28th
October 27, 2016
On Friday, October 28th we will enable support for Zcash deposits and withdrawals. Shortly after we will create two new trading pairs for Zcash: ZECUSD and ZECBTC.

Please note that initially, we will support TADDR addresses, i.e., all deposits and withdrawals will need to be to/from addresses starting with a "T."

What is Zcash?

Zcash is a new permissionless financial system that provides some compelling features such as the possibility of sending confidential transactions using a novel cryptographic method to verify payments.

Learn more about Zcash and the project's roadmap at z.cash.

[Hueristic]

So what is the blockchain genesis hash?

[redsn0w]

So what is the blockchain genesis hash?

You will know it tomorrow when they will launch the mainnet .

[megadeth]

I concur with KoziTwo, will hit BTC parity due to the supply.
Futures already at 0.52 on bitmex.

[Hueristic]

So what is the blockchain genesis hash?

You will know it tomorrow when they will launch the mainnet .

How do I know it was the one created with the "trusted" team and not a substitute one?

[N-rG]

https://www.bitmex.com/app/trade/ZECZ16

I'm a bit confused by the numbers:

24H Turnover   253.4998 XBT
Total Volume   9,658

Is it ~10 BTC total volume or ~10.000?
Is total volume every BTC transfered to the future market?
Anyway, if ~10.000 BTC are on the plate it is nothing and easy to manipulate. And I bet that most of the BTC were coming from zcash to accelerate the hype. Sorry i'm really warily about this whole project.

[redsn0w]

So what is the blockchain genesis hash?

You will know it tomorrow when they will launch the mainnet .

How do I know it was the one created with the "trusted" team and not a substitute one?

I think they will announce it on their twitter page, site/blog and github.

[Hueristic]

So what is the blockchain genesis hash?

You will know it tomorrow when they will launch the mainnet .

How do I know it was the one created with the "trusted" team and not a substitute one?

I think they will announce it on their twitter page, site/blog and github.

Who is "They", the 6 who participated or the team? See where I'm heading?

[N-rG]

lol futures already at ~0.8 

[cryptimus prime]

Peter Todd on Twitter: "FWIW, I did the (setup) ceremony knowing little about it."    

https://twitter.com/petertoddbtc/status/791689486702784512

[OrangeP]

lol futures already at ~0.8 

Do you know what the volume of these futures is?

[Shiroslullaby]

Everyone is so busy thinking about their hot new coin,
how much money they will make,
no one even cares that there are zero details confirming the "Trusted Setup"
But it doesn't matter, as long as everyone makes money, right? 

[dnaleor]

Everyone is so busy thinking about their hot new coin,
how much money they will make,
no one even cares that there are zero details confirming the "Trusted Setup"
But it doesn't matter, as long as everyone makes money, right? 

http://weuse.cash/2016/10/28/the-untrusted-setup/

[CoinManiac1]

[cryptimus prime]

"Only two things are infinite, the universe and the Zcash supply, and I'm not sure about the former." - Albert Einstein

[medusa13]

https://www.bitmex.com/app/trade/ZECZ16

I'm a bit confused by the numbers:

24H Turnover   253.4998 XBT
Total Volume   9,658

Is it ~10 BTC total volume or ~10.000?
Is total volume every BTC transfered to the future market?
Anyway, if ~10.000 BTC are on the plate it is nothing and easy to manipulate. And I bet that most of the BTC were coming from zcash to accelerate the hype. Sorry i'm really warily about this whole project.

the bitcoin volume was 253 btc. (ISO currency code is XBT)

today the 24H Turnover is over 1200 XBT.

for a derivative without underlying market, thats not that bad.

the Total Volume   9,658 means all contracts ever traded since the product is live.

you can see all values explained here: https://www.bitmex.com/app/contract/ZECZ16

[gkv9]

The price of this extreme coin is way too high, it's being traded above BTC0.70 currently if I ain't wrong???
But as the OP said, the price will be BTC0.2 by the end of December, so does it mean that people buying currently are just trading it and this will put others into loss if they hold it???