[ANN][ZEN] Horizen: Unbounded By Design

[MedaR]

Help us determine our BD priorities for the remainder of 2018, vote for your preferred integration type here:


 https://twitter.com/RowanRK6/status/1029371547159605248?s=19

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[1714905211]

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[MedaR]

Davit talking all things ZEN with CryptoTexty(Flodner at Bitcointalk):

https://www.youtube.com/watch?v=uTU4E5Gp9jY&t=1s

Thanks! And just to add - that particular restaurant (Shato) on the main street of Kyiv accepts cryptocurrencies including ZEN (the bill from there I shared here a while ago)

https://steemit.com/crypto/@flodner/crypto-zencash-bill-for-coffee-in-kyiv-restaurant-shato

[Conasse]

Help us determine our BD priorities for the remainder of 2018, vote for your preferred integration type here:


 https://twitter.com/RowanRK6/status/1029371547159605248?s=19

POS/Shopping cart plugins firstly and then Exchanges. I voted for the plugins since we can have only 1 choice to vote for...
I think ATMs is something too early for the crypto market

[gamichvoche]

Zencash is very nice idea and good project

[PandoraTV]

I'm quite impressed by how ZEN has reasonably kept its price (at least compared to the other alts) in this current crytpto altcoins bloodbath. A good sign of strenght.

[LeGaulois]

Help us determine our BD priorities for the remainder of 2018, vote for your preferred integration type here:


 https://twitter.com/RowanRK6/status/1029371547159605248?s=19

POS/Shopping cart plugins firstly and then Exchanges. I voted for the plugins since we can have only 1 choice to vote for...
I think ATMs is something too early for the crypto market

I vote for POS/Shopping cart plugins as I think it was on the list can help the most to adopt Zencash. I agree about ATM, but we have to start somewhere soon or later

[JosephStalin]

Rolf Versluis (also known as BlockOps) is co-founder and Special Advisor of ZenCash.  

I agree with Rolf's opinion on not really such a thing as ASIC/FPGA Resistance.  However, there most certainly is such a thing as ASIC/FPGA EVEN KEEL.  Meaning, ASIC's and FPGA's are put on pretty much an even keel with GPU's at a ratio of 1.1 to 1.0 or 1.2 to 1.0 at best for ASIC's and FPGA's.  Especially, with PROG Proof of Work.  He mentions PROG Proof of Work in a comment below in purple.  He also mentions GPU miners coming over to ZENcash [If there was a fork] to "...use our wallets... which would be good overall for the project."
What disturbs me is the many times [While discussing ASIC's] he said, "...to be category leader."

I wonder which is more important:  

Is it more important to become category leader of an ASIC/FPGA coin mined by fewer people and therefore creating a smaller "centralized" community and slow growth in the size of that community?

 - OR -

Is it more important to increase the number of people mining to make ZENcash more secure and DE-centralized; WHILE increasing the SIZE of the community with more people having the opportunity to get involved and mine with GPU's?

Rolf Versluis made the following statements in a recent notification update for ASIC Resistance:

"The way to become a category leader for an ASIC is to first become a category leader in an Algorithm. Zcash is, right now, the category leader in Equihash with parameters N=200 and K=9. There are multiple ASIC miner vendors for that algorithm, further securing the Zcash blockchain."


"By making the change, ZenCash would have a chance, over the next year or so, to become the category leader in Equihash 144, 5. Depending on what the ASIC manufacturer’s decide, they might build an ASIC miner for Equihash 144, 5. At that point ZenCash would have the opportunity to be a category leader in an algorithm mined by ASIC’s. That would be a good position to be in from a project security standpoint."


"If Zcash announces that they intend to change to a different Algorithm than Equihash with parameters of 200, 9, that opens up an interesting possibility for ZenCash. There are already multiple ASIC mining vendors for that algorithm. If ZenCash stayed on that algorithm, then when Zcash made the change away from it, ZenCash would have the opportunity to be the category leader in that algorithm."


Rolf Versluis (also known as BlockOps) also said the following:

"It’s also worthwhile to look, longer term, to change to an algorithm that is more balanced between CPU, GPU, FPGA, and ASIC. The most balanced algorithm between GPU and ASIC in production right now appears to be Ethash. There are other algorithms in development, including Prog-POW and Merkle Tree Proof (MTP), that may be even more balanced between CPU, GPU, FPGA, and ASIC. One of the reasons for making this change is to give as many different people the opportunity to mine ZenCash as possible, expanding the community. This type of algorithm might be a good one to change to at the same time that ZenCash potentially changes from blockchain to blockDAG."

"In the mining world, there are many miners who have GPU miners that are finding it unprofitable to mine either Zcash or ZenCash, because of multiple factors, one of them being the entry of Equihash ASIC miners into the marketplace. If ZenCash were to change to a version of the Equihash algorithm with parameters 144,5 that can not be currently mined by ASIC, there would be many GPU miners that were mining Zcash that would change over to mining ZenCash. They would then use our wallets, evaluate the potential of retaining mining earnings for Secure Nodes, and find out more about ZenCash, which would be good overall for the project."



Which is more important:

Is it more important to become category leader of an ASIC/FPGA coin mined by fewer people and therefore creating a smaller "centralized" community and slow growth in the size of that community?

 - OR -

Is it more important to increase the number of people mining to make ZENcash more secure and DE-centralized; WHILE increasing the SIZE of the community with more people having the opportunity to get involved and mine with GPU's?

We've already seen ZCash fall prey to ASIC's and give in.  We'll soon find out if ZEN will do the same.  Unfortunately, I'm not liking what I'm hearing at the moment with this so called, "category leader" stuff.  

I do like knowing he sees the logic with GPU miners coming back "They would then use our wallets, evaluate the potential of retaining mining earnings for Secure Nodes, and find out more about ZenCash, which would be good overall for the project."  However, does he think GPU miners will stay and support the network by getting involved with secure nodes and super nodes when ASIC's are made for 144.5 parameter and he fails to change the algorithm to something like PROG PoW to put ALL HARDWARE on an even keel?

It seems like it's still up in the air and more 50/50 in regards to an algorithm like PROG PoW to put ALL HARDWARE on an even keel.  Yes, I do believe there will be a fork to at least 144.5.  I'm concerned about what they do afterwards.  Cause like he said, there will be ASIC's on 144.5 eventually.

I "KNOW" there is a LOT involved with transitioning over to another Proof of Work that would make ZEN more open to more miners by putting ASIC's and FPGA's on an EVEN KEEL with GPU's.  I'm sure the task may seem daunting.  However, I ASSURE YOU, it will pay great dividends down the road if ZEN would change their Proof of Work to put ALL HARDWARE (GPU, ASIC and FPGA) ON AN EVEN KEEL.  This way, everyone is happy.  There are people living in countries that have actually banned crypto mining ASIC's.  They don't ban GPU's.  Everyone would be happy if ZEN switched to an algorithm that puts ALL HARDWARE on an EVEN KEEL.

I hope ZEN can see the great opportunity laid before them.  They have a great roadmap and only need to increase the size of the community to take part in their vision.  Accepting ASIC's will NOT expand that vision to multiple users on a grand scale.  I assure you it won't.  If GPU's were put on an even keel with ASIC's, then we could truly see ZEN begin to grow astronomically while other alt coins are still struggling to exist.

That's my two cents.

David

This is one excellent post which allows newcomers to have a immediate view of the current discussions. I am surprised that such a good post didn't get any merit (yet).

[Yatsida]

I'm quite impressed by how ZEN has reasonably kept its price (at least compared to the other alts) in this current crytpto altcoins bloodbath. A good sign of strenght.

that is right. The price is quite or relatively stable. It bodes well for the future.

[MedaR]

Interview of Rob - Cryptocurrency Founder has Global Ambitions



 https://scbiznews.com/news/technology/75012/

[MedaR]

"In July, our Co-Founder and Special Advisor, Rolf Versluis (@blockops) announced bounties he personally sent to Zen supporters in exchange for spreading the Zen mission in their own way. We received entries in various languages and formats. He gave the community three challenges, and we were blown away by the responses! "

https://blog.zencash.com/zencash-bounties-by-rolf-versluis-results/?utm_source=blog&utm_medium=social&utm_content=bounty&utm_campaign=community

[lhtot8]

What Does the Future Hold for ZEN? @Crypto Tips



https://www.youtube.com/watch?v=g9vu2hiIU5E&feature=youtu.be&t=5

ZenCash has gone far distance over the last one year.
And, the project has made great initiatives to fix bugs and created new mechanisms to fight against potential Replay Attacks.
Honestly, ZENcash team have done lots of works, and made it efficiently than I expected.

[Anarchist]

Interview of Rob - Cryptocurrency Founder has Global Ambitions



 https://scbiznews.com/news/technology/75012/

Viglione’s vision for the company is evolving. Rather than focusing its privacy technology on cloaking financial transactions, he hopes to pivot into establishing a consumer product ecosystem that allows users to profit from their own financial data.

Another good article from Rob

Help us determine our BD priorities for the remainder of 2018, vote for your preferred integration type here:


 https://twitter.com/RowanRK6/status/1029371547159605248?s=19

I voted 2 days ago for the wallets. Since I believe it's the first step that needs to be user-friendly to get a currency adopted

[LeGaulois]

I suppose we can say tomorrow will be a special day for Zencash 

[MedaR]

I suppose we can say tomorrow will be a special day for Zencash 

Are  you ready for it? Brand reveal on 22 August at 1pm EDT during our Biweekly! Be the first one to know!

https://twitter.com/zencashofficial/status/1031586867861495808

[Direwolve735]

ZenCash is now the largest node network w/ nearly 16K nodes! This makes us resilient to hacks, power failures, & interference in our voting system. The network is integral in deploying dApps by harnessing large amounts of computational power & bandwidth.

https://zencash.com/technology/

Congrats ZenCash by hitting 16k nodes totally in the network.
These massive number of nodes can do both important things: keep the health of ZenCash network, and can be used for computational purposes as you stated.

In my opinion, the fact that the number of nodes of this security-oriented crypto currency has reached 17,000, makes the ZenCash network the largest and decentralized. A large number of nodes makes the network more secure, as well as resistant to failures, attacks and other malicious actions. The nodes guarantee compliance with all ZenCash consensus rules, rejecting blocks that are contrary to these norms.

[Ginzink]

I suppose we can say tomorrow will be a special day for Zencash 

Are  you ready for it? Brand reveal on 22 August at 1pm EDT during our Biweekly! Be the first one to know!

https://twitter.com/zencashofficial/status/1031586867861495808

It will be interesting to see how creative you were! I did like the old name so got high expectations for the new one if it is better!

[vrap.pm]

Regarding mining, there are each day less and less miners. Less than an half since one month ago (3600 miners today at suprnova) . No doubt that ASIC´s farms are destroying the small miners community and therefore some part of the supporters too.


I am not totally against ASIC´s operation but in a more mature coin, like bitcoin, litecoin, dash... Not in the early stages of life of Zencash. It hurts more that helps it to grow.

[Bcxbit]

This would be good news, with zencash being the largest node network, this would make every transaction more secure, and immune to attack crime.
zencash stable enough in the last couple of months and this would be a good sign for the development of the project.

[dmwardjr]

Regarding mining, there are each day less and less miners. Less than an half since one month ago (3600 miners today at suprnova) . No doubt that ASIC´s farms are destroying the small miners community and therefore some part of the supporters too.


I am not totally against ASIC´s operation but in a more mature coin, like bitcoin, litecoin, dash... Not in the early stages of life of Zencash. It hurts more that helps it to grow.

I'm hurting pretty bad right now in regards to revenue verses expenses.  I'm very close to zero profit now with all my 1080 Ti's mining ZEN.  I recently put 12 x EVGA 1080 Ti FTW3's and three (3) EVGA 1080 Ti KingPin's up for sale on eBay.  Just can't take it anymore.  

I tried to hang in there but I just can't do it anymore.  This pisses me off I have to sell them but I must.  I still have 54 more.  I'm probably going to have to sell another twelve (12) to eighteen (18) more at a minimum just to make ends meet while waiting on the ZEN team to switch to 144.5 or whatever it is they're going to do.  I may end up selling all but four (4) of them and be done with it.  Simply use those four (4) for large 55 inch 4k TV's to use as monitors for my new trading website I'm about to kick off in another 30 to 45 days.

This makes me sad...  

[Flodner]

I'm hurting pretty bad right now in regards to revenue verses expenses.  I'm very close to zero profit now with all my 1080 Ti's mining ZEN.  I recently put 12 x EVGA 1080 Ti FTW3's and three (3) EVGA 1080 Ti KingPin's up for sale on eBay.  Just can't take it anymore.  I tried to hang in there but I just can't do it anymore.  This pisses me off I have to sell them but I must.  I still have 54 more.  I'm probably going to have to sell another twelve (12) to eighteen (18) more at a minimum to make ends meet while waiting on the ZEN team to switch to 144.5 or whatever it is they're going to do.  I may end up selling all but four (4) of them and be done with it.  Simply use those four (4) for large 55 inch 4k TV's to use as monitors for my new trading website I'm about to kick off in another 30 to 45 days.

This makes me sad...  

Did you count the opportunity cost if you would just run secure nodes?
That really sad to hear about mining right now, but we all know that this will change as soon as markets go up.
It's just the question of time