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Author Topic: Bitcoin or zcash?  (Read 9570 times)
pinkflower
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February 12, 2017, 01:45:34 PM
 #41

your real question should be zcash or monero, since they share the same features, and are both very anonymous, bitcoin has nothing to do with them it's the king, altcoin are just a testnet to make bitcoin better int he future

zcash currently should have a stronger anonymity because it's based on zero-knowledge proof, while monero on ring signature, but monero have a stronger market in the deep web, it's more accepted

Thats a good point. What is better for you? Is it Zcash or Monero? I have no deep knowledge with the technology behind them and I want to know which one is better for anonymity. Is it ring signatures or zero knowledge proof? Please kindly explain each of them and how they anonymize transactions briefly.


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February 12, 2017, 03:50:21 PM
 #42

Yes, there is room for two currencies to grow in demand, shrink in supply exponentially. But alternative of Bitcoin is not Zcash. Zcash is a miners pump and dump coin and nobody will remember the name 4-5 years later. If you put an alternative try choosing a real one like Monero. Monero offer something real, Zcash don't. Bitcoin is still the leading cryptocurrency and it forever will be. That's why other coins called "alternative", they are Bitcoin's alternatives.

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February 12, 2017, 05:23:09 PM
 #43

@Pinkflower Monero is less private, the network keeps a record of every transaction ever made. So if authorities seize a wallet they can see every transaction in history. Not NSA safe for sure. The user is anonymous until they get proof linking them to the wallet, then they're screwed. Zcash makes it impossible to track, they have a way of tracking the money and preventing counterfeiting that doesn't depend on tracking spending, at leat not for the encrypted wallets. You can also have a transparent wallet that is public record.

@ingiltere What does Monero offer? A hard split if they want to offer as much as zcash.


Their goal is less volatility. They want to currency to be more stable so it is being eased down to market value. Zcash is declining in price because it's supposed to. The developers have talked about two implementation strategies. A slow start, keeps miners from getting massive amounts of coins early. That was to prevent a dump. The second was to keep demand in check. They have intentionally kept the crappy Linux wallet system to limit access to the coin. They have said there will be GUI wallets for all platforms in the future. As long as the market share keeps growing over time and volume goes up, it's potential remains. When the wallets become easy, demand for the coin will spike and the darknet will most likely adopt the coin. There are many reasons to favor zcash, when people reference zcash technology to promote their own coin, it plants in the psyche that zcash is the standard.

The biggest threat I see to bitcoin are ASIC miners. They are centralizing the coins, if people are excluded they won't be a part of the market, then the only way is down. So be wary of any ASIC mined coin in the long run.



http://www.coindesk.com/the-structure-and-valuation-of-zcash-vs-bitcoin/

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February 12, 2017, 05:39:41 PM
 #44

you know what solves the problem of bitcoin,ethereum and zcash?

tezos... google it

this will probably be the last cryptocurrency standing

though it'll take years to beat eth and btc
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February 12, 2017, 05:41:51 PM
 #45

you know what solves the problem of bitcoin,ethereum and zcash?

tezos... google it

this will probably be the last cryptocurrency standing

though it'll take years to beat eth and btc

You're right, we have access to BTC through altcoins. Still leaves the market open to manipulation as currency is concentrated. But if I can get rich off of someone else's manipulation, I'm all for it.

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February 12, 2017, 05:41:58 PM
 #46

Look at the polo charts and how will worth zcash soon? The current price of zcash is apparently down and it's mean it's the shit coin. and it can't be comparing with bitcoin.

Agree that no one crypto currency can compete with bitcoin, I do not understand why he was trying to compare zcash with bitcoin while eth looks more potential but until this day still can not compete with bitcoin.

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February 12, 2017, 05:52:20 PM
 #47

Look at the polo charts and how will worth zcash soon? The current price of zcash is apparently down and it's mean it's the shit coin. and it can't be comparing with bitcoin.

Agree that no one crypto currency can compete with bitcoin, I do not understand why he was trying to compare zcash with bitcoin while eth looks more potential but until this day still can not compete with bitcoin.

Eth is unlimited supply is it not? Can't deflate, only inflate.

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February 12, 2017, 06:10:03 PM
 #48

Look at the polo charts and how will worth zcash soon? The current price of zcash is apparently down and it's mean it's the shit coin. and it can't be comparing with bitcoin.

Agree that no one crypto currency can compete with bitcoin, I do not understand why he was trying to compare zcash with bitcoin while eth looks more potential but until this day still can not compete with bitcoin.

Eth is unlimited supply is it not? Can't deflate, only inflate.

it's not unlimited it's around 88 millions, you have a deflationary system like bitcoin but etheruem will go pos they said, but still not sure, but would make etheruem less appealing than zcash and can probably lose some position in marketcap against zcash and more against bitcoin

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February 12, 2017, 07:15:42 PM
 #49

zcash without bitcoin is die, because nothing exchanger support trade zcash to fiat money
bitcoin without zcash no problem, zcash not important , bitcoin not need zcash, but zcash always need bitcoin




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February 12, 2017, 07:18:07 PM
 #50

Whatever you will invent, being supposedly the Bitcoin killer, it will never surpass Bitcoin. ZCash can at best stay a little toy if it not totally disappear.

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February 12, 2017, 07:31:57 PM
 #51

zcash without bitcoin is die, because nothing exchanger support trade zcash to fiat money
bitcoin without zcash no problem, zcash not important , bitcoin not need zcash, but zcash always need bitcoin

I'm willing to bet some currency will not need bitcoin soon. Might not be zcash but bitcoin will not be king forever.

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February 12, 2017, 08:01:24 PM
 #52

zcash without bitcoin is die, because nothing exchanger support trade zcash to fiat money
bitcoin without zcash no problem, zcash not important , bitcoin not need zcash, but zcash always need bitcoin

Almost all altcoins need bitcoin, cuz only few can be exchanged to fiat. Dont know for lical ones but major are like this.

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February 12, 2017, 08:49:49 PM
 #53

zcash without bitcoin is die, because nothing exchanger support trade zcash to fiat money
bitcoin without zcash no problem, zcash not important , bitcoin not need zcash, but zcash always need bitcoin

Almost all altcoins need bitcoin, cuz only few can be exchanged to fiat. Dont know for lical ones but major are like this.

Bitcoin is 8.5 years old, most other currencies are new. Most will fail and only a few will be truly profitable. But the winners will most likely be able to change to fiat soon. Any coin that shows growth and stability will likely achieve fungibility.

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February 12, 2017, 08:51:30 PM
 #54

Look at the polo charts and how will worth zcash soon? The current price of zcash is apparently down and it's mean it's the shit coin. and it can't be comparing with bitcoin.

The price was always blown out of proportion with the initial boom and the marketing they had prior to the release and it was obvious that the price would come down for Zcash and more people are using it to mine and dump it in the market at the moment .I wont call it a shit coin because if you really want anonymous transaction then you can use it.



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lionheart78
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February 12, 2017, 08:51:56 PM
 #55

Well it seems OP is all in for zcash Smiley, anyway I do think both currency can exist hand in hand, depend on the purpose of the people.  As one of the earlier post said, we don't want the world to see how much is our wealth,do we?  So i guess anonymous coin have their purpose and and so bitcoin is Smiley

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February 12, 2017, 08:59:58 PM
 #56

I'm buying Monero and Dash as well just to be safe,I also plan on having a few btc before next halving, but I'm mostly mining zcash because I think its advantages will win out in the end. Remember, bitcoin was $0.20 before the Silk Road, don't forget how it got where it is now.

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February 12, 2017, 09:25:00 PM
 #57

Look at the polo charts and how will worth zcash soon? The current price of zcash is apparently down and it's mean it's the shit coin. and it can't be comparing with bitcoin.

Agree that no one crypto currency can compete with bitcoin, I do not understand why he was trying to compare zcash with bitcoin while eth looks more potential but until this day still can not compete with bitcoin.
I think the initial distribution and the fee that the miners have to pay are a big problem for serious investors. However, if they have a technology capable of outperforming other cryptocurrencies in terms of fungibility, there will probably be demand. The problem is that not even people working on the currency development know how to clarify how this technology works.
Yakamoto
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February 12, 2017, 09:53:18 PM
 #58

I'm buying Monero and Dash as well just to be safe,I also plan on having a few btc before next halving, but I'm mostly mining zcash because I think its advantages will win out in the end. Remember, bitcoin was $0.20 before the Silk Road, don't forget how it got where it is now.
You have to realize that while Bitcoin is at the point where it is now, it got to that way by essentially just being the first crypto to ever really grow because anyone and everyone could take part in it.

Having altcoins as safeguards definitely isn't an issue, however don't expect one to grow like Bitcoin ever again.
thesavoyard
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February 12, 2017, 10:08:14 PM
 #59

I'm buying Monero and Dash as well just to be safe,I also plan on having a few btc before next halving, but I'm mostly mining zcash because I think its advantages will win out in the end. Remember, bitcoin was $0.20 before the Silk Road, don't forget how it got where it is now.
You have to realize that while Bitcoin is at the point where it is now, it got to that way by essentially just being the first crypto to ever really grow because anyone and everyone could take part in it.

Having altcoins as safeguards definitely isn't an issue, however don't expect one to grow like Bitcoin ever again.

I don't expect any crypto to ever start at an immeasurably small value and then become worth a fortune, but bitcoin opened a new market. In 2015 there was 3.2 billion people on the internet, I could guess cryptos are still below 100 million. Since it is money, it will most likely continue to grow. It can stay niche and become huge though. I expect a LOT more growth than is already happened. If you're in now, you are stil an early adopter.

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February 13, 2017, 12:18:53 AM
 #60

Well it depends on the demand really. Right now the most accepted cryptocurrency is Bitcoin, and I mean it only shows us it has a low popularity. And Zcash however I can't see anything as of now that it is being accepted as a form of payment. Well for me it can only be one Cryptocurrency to be accepted in the market and Bitcoin is currently leading that.

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