theRo
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Activity: 16
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February 01, 2018, 10:53:04 AM |
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Just a numb technical question.
I see no halvings in the zencash mining process. So in about less than 7 years mining process ends. 21 million coins limit will be reached by the end of 2024.
With the end of mining process also rewards for secure nodes holders and zencash treasury ends too.
How the blockchain will be mantained after that if there will be "almost" no rewards and possible also no interes in secure nodes holders in mantaining the blockchain for free.
Don´t tell me that will be mantained with the small amounts of fees generated by trade because it will be peanuts even if zencash at that time costs hundreds per unit and generate millions os transactions per day.
How to solve that?
1. AFAIK mining ends ~2032 like zcash - https://z.cash/images/foundersreward.png2. Imagine what happens if bitcoin mining stops - everyone just goes out from it, why would they? 3. We have plenty of time to create infrastructure of usecases for ZEN. 4. When limit reached - no new coins flow to market so no new $ needed to maintain current price, and current supply only goes down because people lost wallet.dat's and die eventualy, having hundreds of ZEN on their vps wallets going to non-existence. I can continue this but dont have much time and you should see the point. |
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finpunk
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Activity: 98
Merit: 37
Technologies Designed to Liberate the World
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February 01, 2018, 11:07:14 AM |
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Congratulations on the okex listing. I was wondering when zencash would expand from bittrex and cryptopia (of all exchanges!). Also hoping zencash gets listed as a binance community coin soon, but has been hard to get the votes up.
Thanks! Our BD and marketing teams are tag teaming big exchange support with new listings and making those we have more valuable. |
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finpunk
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Activity: 98
Merit: 37
Technologies Designed to Liberate the World
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February 01, 2018, 11:08:08 AM |
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Always love the vidz @VoskCoin ...glad ZEN made the list  |
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finpunk
Member
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Activity: 98
Merit: 37
Technologies Designed to Liberate the World
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February 01, 2018, 11:10:26 AM |
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Just a numb technical question.
I see no halvings in the zencash mining process. So in about less than 7 years mining process ends. 21 million coins limit will be reached by the end of 2024.
With the end of mining process also rewards for secure nodes holders and zencash treasury ends too.
How the blockchain will be mantained after that if there will be "almost" no rewards and possible also no interes in secure nodes holders in mantaining the blockchain for free.
Don´t tell me that will be mantained with the small amounts of fees generated by trade because it will be peanuts even if zencash at that time costs hundreds per unit and generate millions os transactions per day.
How to solve that?
Ah no our new coin emission path is the same as bitcoin, which means we'll hit our terminal supply in about the year 2150. |
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aryan7980
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Activity: 49
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February 01, 2018, 11:11:44 AM |
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The community is amazing! |
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bel123
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Activity: 97
Merit: 10
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February 01, 2018, 11:55:13 AM |
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I have to admit that I invested a bit in MN coins before Xmas and i got really lucky as the big pump came after I invested but boy did most of these coins drop over the course of the last 10 days. Most of these projects don’t even have a whitepaper the website is often minimalistic at best and I don’t even want to talk about innovation. Nevertheless some of the coins were or are more expensive than Zencash which escapes my logic. Here I see a lot of innovation and when I tell people that i have a secure node for Zen they tell me crap ROI and so on. I see the rewards more as a bonus and consider my node as an investment. Im really excited at what is still coming here Appreciate your support! There's a ton of get-rich-quick mentality in the industry, but the next bear market will crush it. Most people in the market today were not around in the 2014-15 crypto bear and don't remember how painful things became. that's why we're building the system, team, and products to be high quality and as stable as possible with a broad and deep set of value propositions that won't just disappear in the next crash. and You really think that during bear market zencash will be powerfull and stable? lol Now we have bull market and you waste each oportunity to make this coin bigger and popular... so what will change during bear market? Someone wrote few pages earlier that you forgot to jump to big ships... and now left only small... 100% true. You don't learn from Your mistakes... still no marketing, no vision how to change zencash situation. I wrote so many times - tips, suggestions and i see i only loose my time. From my last list nothing is done  Even new page You can't update subpages so only main page is nice, subpages are on old template. You have so many people in the team - really nobody can't change such easy page? It is few hours work only... or hire freelancer for $50 to do this. So many people in different countries - what they do for zencash? I think nothing or almost nothing... it will be good that they translate page to their languages - it could be first step and help... Funny is also that for you price is not so important... thats why there are so few investors, because of such attitude... Now there are so many coins... only these coins will survive which can fight! It will not be better time to make this coin more popular... No marketing = small amount of investors = price very low |
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MedaR
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Activity: 2380
Merit: 1026
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February 01, 2018, 01:41:02 PM |
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MedaR
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Activity: 2380
Merit: 1026
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February 01, 2018, 02:22:23 PM |
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lentyna
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February 01, 2018, 05:38:56 PM |
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I'm glad that you guys kept your word - payments started to come regularly.
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Seryvolk
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February 01, 2018, 06:03:42 PM |
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The project has quite serious prospects, according to my predictions in the near future the price of the coin will be $150!
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Ginzink
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February 01, 2018, 07:45:10 PM |
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I'm glad that you guys kept your word - payments started to come regularly.
Yes off course They just needed time to make it right. Kinda sad i dont have Zencash at the moment, when the markets turn it could do well. But that goes for my other coins as well so hard to sell hehe  Also nice that you keep updating the pools in the thread so us miners are informed when we want to start. |
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Bibi187
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Activity: 420
Merit: 106
https://steemit.com/@bibi187
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February 01, 2018, 11:04:32 PM |
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Price of ZEN stay relative high on this period ... Really nice to see this reaction ! ZEN have a shining future  |
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TheHas
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February 02, 2018, 09:50:40 AM |
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I'm glad that you guys kept your word - payments started to come regularly.
I'm surprised people were that worried they wouldn't come through. I mean, the developers get plenty of zen through the regular block rewards without 'keeping' any extra from node operators. It would make no sense to not give everyone their fair payments and figure out a solution to any issues to make sure everyone stays behind the project. Anyway, zen is looking great and I'm glad the bugs with the nodes are being worked out |
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MedaR
Legendary
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Activity: 2380
Merit: 1026
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February 02, 2018, 12:29:17 PM |
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MedaR
Legendary
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Activity: 2380
Merit: 1026
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February 02, 2018, 01:14:42 PM |
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I'm glad that you guys kept your word - payments started to come regularly.
Yes off course They just needed time to make it right. Kinda sad i dont have Zencash at the moment, when the markets turn it could do well. But that goes for my other coins as well so hard to sell hehe Also nice that you keep updating the pools in the thread so us miners are informed when we want to start. ZenCash Team asked for patience, and resolved problems as sooner as it was possible. I learned very important lesson in crypto world patience is the key! Btw, it is good time for investments while BTC causing downtrends. |
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CryptoWaffle
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Activity: 187
Merit: 2
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February 02, 2018, 01:20:43 PM |
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Gold tickets are sold out  Thanks for the info. |
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VoskCoin
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February 02, 2018, 02:03:58 PM |
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Always love the vidz @VoskCoin ...glad ZEN made the list Thank you Rob  |
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MedaR
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Activity: 2380
Merit: 1026
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February 02, 2018, 04:18:31 PM |
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cchub
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Activity: 560
Merit: 101
Migranet ITO
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February 02, 2018, 08:43:58 PM |
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Price of ZEN stay relative high on this period ... Really nice to see this reaction ! ZEN have a shining future Zen has been improving its ranking at coinmarketcap. This is proof ZEN is actually performing well. When the market stabilizes we will see it boom above the resistance level at 0.0049 |
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