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Author Topic: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax  (Read 338322 times)
niks_85
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December 29, 2017, 05:11:37 AM
 #2681

Will you get BTCP if you have your ZClassic on Bittrex??

No, I don't think so. BTCP is going to be absolutely nothing, I'm amazed people aren't thinking about it. Now we have one headache, ZCL only, but soon we'll have two headaches, ZCL and BTCP. BTCP won't be even added to any exchange, I don't see any plans of it. This drama is going to be ended soon and bad, and dev will be offline forever.

The dev probably wanted to cashout his last left-overs of ZCL at a good rate, and started this drama.

how much do you think it would spike from here?

I don't think so it'll spike any further, but even if it does, it should not be able to cross 0.003 BTC.

wanna bet on x4?

What makes you feel so confident? Please do substantiate it.

if dev is just pumping it will last until january since btcp fork teaser says coming january 2018.
looking at the charts and based on my past experiences on pumps and dumps. it can easily go to .001 market cap is still low.
just look at verge or dgb

also look at the sell orders on bittrex around 200 btc to 0.002. though many sell orders will appear as it pumps @ around 2000 btc daily volume til january. we can easily go to 0.001 or 0.002 as long as the dev plays out his role
expect 30-40% dips though every time it hits new highs


its already at 0.005 !! this branding has worked using BTC name
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December 29, 2017, 05:36:49 AM
 #2682

At what Bitcoin chain height you are taking a snapshot for this fork?
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December 29, 2017, 06:17:41 AM
 #2683

id be extra careful with this coin , esp at this price....the track record of these devs....not gd imo

also ask yourselves this...with zksnarks being implemented in BCH from 14 jan 2018....is there any need for btcp or whatever zcl will become?

anyways, gd luck on what you decide to do.
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December 29, 2017, 06:44:53 AM
 #2684

DAMMMMMM, was going to sell when it hit $70  and then buy back in on the dump then got distracted and came back later to find the current price!

0.00752000 | $112.80

-----------------------------------
5min later on  bittrex:

0.00828989

PECULIUM                    [  PRIVATE SALE ~$2M PLEDGED ]
First Saving System in CryptoCurrency Driven by Artificial Intelligence     / WHITEPAPER / ANN / BOUNTY / TELEGRAM /

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[url=https://bitcointalk.org/index.php?topic=385
Andrey09
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December 29, 2017, 06:46:16 AM
 #2685

At this point i'm not selling my $ZCL

I never hear a single word about #BitcoinGold ($282) and #BitcoinDark ($312)

I don't see why #BitcoinPrivate can't launch at least triple digits if not a similar price as those 2

Privacy + Bitcoin brand name =🤑
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December 29, 2017, 07:08:48 AM
 #2686

DAMMMMMMN...

BitcoinZ is alot better than this thing but look at it...  Grin Grin Grin
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December 29, 2017, 07:21:31 AM
 #2687

It will reach 1000$ in no time
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December 29, 2017, 07:42:21 AM
 #2688

I said top 50 two days ago. We are on a hecway
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December 29, 2017, 07:46:51 AM
 #2689

It will reach 1000$ in no time

The top 50 can still charge, but $ 1000 a bit difficult, after all, a difference of 10 times
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December 29, 2017, 07:49:36 AM
 #2690

Zclassic is a fork of Zcash 1.0.1 with minimal changes except for 2 major things.

1. 20% Founders Reward is removed.
2. Slow start is removed (blocks start at 12.5 ZCL rewards per block).

Parameters:

PoW: Equihash
Halving rate: Every 4 years (same as Zcash and bitcoin).
Starting Block Reward: 12.5 coins every 2.5 minutes (Same as Zcash.  50 coins per 10 minutes, like Bitcoin).
Total eventual supply: 21,000,000 (21 million), as per Bitcoin (Unchanged from Zcash)
Difficulty adjustment algorithm: Digishield V3 (Unchanged from Zcash)
Difficulty adjusts each block (Unchanged from Zcash)
Symbol: ZCL (pronounced "ZICKLE" like "NICKEL")

Trusted Parameters
Zcash (and Zclassic) relies on trust that a private key was destroyed.  If anyone poseses the private key, that person can mint unlimited coins for himself/herself.  Zcash designed a ceremony where 6 individuals each created a shard of a private key and destroyed it.  As long as all 6 individuals did not conspire and collude to share their shards, the private key is destroyed.  Here are mre details about the ceremony.
https://z.cash/blog/the-design-of-the-ceremony.html

Zclassic uses the exact same trusted parameters Zcash uses.  This is also what Peter Todd suggests:
https://www.reddit.com/r/ZClassic/comments/5bbpmr/we_should_invite_petertodd_to_our_trusted_setup/

Block explorer:
https://classic.zcha.in/
https://zclassic.31337.eu/insight/
https://cronicc.github.io/

Website:
http://zclassic.org

CoinMarketcap
http://coinmarketcap.com/currencies/zclassic/

WhatToMine
http://www.whattomine.com/coins/167-zcl-equihash

Source Code:
https://github.com/z-classic/zclassic

Reddit:
https://www.reddit.com/r/ZClassic/

Slack Invite (over 300 members):
http://zclassic.herokuapp.com/

Freenode IRC:
#zclassiccoin

Pools:
https://pool.mn/zclassic
https://www2.coinmine.pl/zcl
https://pool.cryptobanx.io/zcl/
https://zcl.suprnova.cc/
https://zclassic.miningpoolhub.com/

Exchanges:
https://www.cryptopia.co.nz/Exchange/?market=ZCL_BTC
https://c-cex.com/?p=zcl-btc
https://www.tradesatoshi.com/Exchange?market=ZCL_BTC
https://bittrex.com/Market/Index?MarketName=BTC-ZCL

Twitter Social Proof:
https://twitter.com/SatoshiLite/status/796058283312189440
https://twitter.com/zooko/status/795002870651322370

Medium:
https://decentralize.today/zcash-miners-stop-paying-20-genius-tax-486d9f40884f
https://decentralize.today/five-reasons-zcash-is-the-most-corporate-cryptocoin-youve-ever-seen-a77ac430b0e8

Announcements
[Pre Ann] https://bitcointalk.org/index.php?topic=1671125.msg16781376#msg16781376
https://twitter.com/HeyRhett/status/794773732933799936
https://twitter.com/HeyRhett/status/794799248759885825

Todo:
Windows Wallet
IOS / Android Wallet

Note from developer:
I started this work on my own, writing Medium articles and reaching out to people on Twitter because I believe the ZK-SNARK technology in Zcash is the future of money, but I couldn't stomach the idea of it being taxed 20% by a small group of people.

To be honest, I never made an altcoin before.  I spent a week on my own obsessing over the Zcash code to see what could be done.  Soon after the Zcash launch, I submitted a pull-request to remove the Founder's Reward, which was quickly closed:
https://github.com/zcash/zcash/pull/1714

When I found out SuprnovaPools had 51%+ mining power of Zcash, I reached out to them to use my fork:
https://twitter.com/HeyRhett/status/792787816329515009

After failing at those two approaches, on Halloween, I announced, "I'm forking Zcash with no 20% Founders Reward.  Ping me to help.  There won't be any reward for helping."
https://twitter.com/HeyRhett/status/793201219393105921

I offer my sincere apology to the community for people who feel they may have missed the announcement because there wasn't enough advance notice.  I was reaching out to people, but I did not have the large exposure of a foundation with investors.

Now that the coin is live, most of what you see above is work done by the community.  This coin is almost 4 days old, and I'm amazed at what we've done so far.

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December 29, 2017, 07:50:30 AM
 #2691

I guess ZCL will like price BTG / BTCD around 200-300 $
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December 29, 2017, 07:52:18 AM
 #2692

After watching an increase of 195% on Bittrex I also headed to this thread to find out more. This is standard practice to see new people coming and joining the community or showing interest after watching performance of different coins on trading platforms. This is what attracted me to come and find out more though it is up for long time.
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December 29, 2017, 07:59:07 AM
 #2693

$ZCL going 10 x in a few weeks?

Could be..

I understood that the founders of Zclassic (Rhett and Joshua) are teaming up and are planning a Bitcoin hardfork with zk-SNARK tech by dec 25th. The hard fork will be called ''Bitcoin Private - (BTCP)''. I am following the Zclassic telegram and according to the discussion there, the hard fork will produce a coin with elements of bitcoin gold/cash and Zcash/classic combined (correct me if I am wrong). If this is really the case this hard fork can be super HUGE!!

This is definitely very interesting and possibly a brilliant move. Privacy coins actually have a use case (as opposed to the thousands of shitcoins on the market), so I wouldn't be surprised if Bitcoin Private gets a higher market cap than Bitcoin Gold (which most people think is a joke) over the next couple of months. Maybe it can even compete with Monero and Dash?
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December 29, 2017, 08:06:21 AM
 #2694

Good article from medium
info written quite complete

https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21
https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21
https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21
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December 29, 2017, 08:28:31 AM
 #2695

$ZCL going 10 x in a few weeks?

Could be..

I understood that the founders of Zclassic (Rhett and Joshua) are teaming up and are planning a Bitcoin hardfork with zk-SNARK tech by dec 25th. The hard fork will be called ''Bitcoin Private - (BTCP)''. I am following the Zclassic telegram and according to the discussion there, the hard fork will produce a coin with elements of bitcoin gold/cash and Zcash/classic combined (correct me if I am wrong). If this is really the case this hard fork can be super HUGE!!

This is definitely very interesting and possibly a brilliant move. Privacy coins actually have a use case (as opposed to the thousands of shitcoins on the market), so I wouldn't be surprised if Bitcoin Private gets a higher market cap than Bitcoin Gold (which most people think is a joke) over the next couple of months. Maybe it can even compete with Monero and Dash?

We already have such thing called BitcoinZ though...
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December 29, 2017, 08:38:20 AM
 #2696

At this point i'm not selling my $ZCL

I never hear a single word about #BitcoinGold ($282) and #BitcoinDark ($312)

I don't see why #BitcoinPrivate can't launch at least triple digits if not a similar price as those 2

Privacy + Bitcoin brand name =🤑

I need help! IF I understand correctly, people that hold ZCL will receive BTCP on a 1:1 basis.

Does this mean that people that hold ZCL should store their ZCL in a private wallet for ZCL?

If people store ZCL in an exchange like Bittrex, then will they miss out on the 1:1 BTCP offering?

Thanks in advance to anyone for addressing this question.
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December 29, 2017, 08:39:06 AM
 #2697

pure pump and dump.

thanks for the gains though.

 Kiss Kiss Kiss Kiss Kiss
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December 29, 2017, 08:42:36 AM
 #2698

But Zen didnt was the future of this project. I dont follow this project so I dont understand all. But crazy progression
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December 29, 2017, 08:48:16 AM
 #2699

I predicted it correct. So now my prediction is 1000$ in january.
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December 29, 2017, 08:56:27 AM
 #2700

Zcoin, zclassic, zero.. and now kurrent, which is a z clone also, 800k marketcap, i've noticed the accumulation spikes for days now; https://bitcointalk.org/index.php?topic=1691086.0

ready to rock and roll and move my zclassic profits to kurrent
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