ZCash..? Is it worth to invest?

[DavidBrown]

In the pre-digital currency world, both individuals and enterprises could justifibly assume that their financial transactions would be kept confidential. With Zcash, users can enjoy the advantages of using a public blockchain, while still being sure that their private information is protected.

[striker7334 2.0]

Zcash is interesting one to say the least I hold a few for jic. I consider it the rich mans privacy coin because of the founder's reward but the uses are good for real world privacy. However as someone mentioned earlier its bad when the founder wants to build the coin to be traceable to some degree, privacy is a double-edge sword just like encryption its great when it works for both good and bad parties but there should be no backdoors.

[glynbueso]

It seems a good coin to invest and get good results in a future, like 1 year. The project is great, and the community too.

[Emmanueltd]

In order to remain equally interchangeable, units of cryptocurrency must be unlinked from their history so that one unit is as good as any other unit. Zcash brings fungibility to cryptocurrency by unlinking shielded coins from their history on the blockchain.

[Nathan Graves]

How is this better than Monero, which had a much fairer launch, and is able to provide good level of privacy?
Also, when Bitcoin receive features like MimbleWimble, would not these anon coins become obsolete?

[Knepala]

Looking at ZEC's historical data for several years I think the average ZEC price rises every year. ZEC is still profitable for me.

Every year? Zcash is not even one year old?

[zawy]

Long story short:
 Zcash is currently a really good store of value with more upside potential than BTC.  But the HUSH near-exact clone of ZEC is moving faster and is at only 0.6% the value of ZEC. So it has huge upside potential. The jumps will occur when it gets on a bigger exchange and when the windows wallet and anonymous GUI messenger are released, not to mention XCAT, Counterparty financing, and EVM.  The developer reward was 0.5% instead of Zcash's 20%.  It's currently only on Cryptopia. Things that are hard to reach are the ones that are more likely to be undervalued.

Concerning the trusted multi-party setup and auditing total coins mined
You can tell a ZEC-basher (aka a Monero fan) is not being honest if he criticizes the multi-party setup without mentioning the video-recorded simultaneous sessions only required 1 person out of all those involved to be honest in order for it to be secure.  The only thing ZEC bashers are honest about is that the coin quantity can't be checked (which is directly connected to why no one can know how many coins were transferred) and that zk-snarks is new (which is directly connected to why ZEC and its clones are the only provably anonymous coins).  

Comparison to Monero:
If you check with experts, you'll see the anonymity of Zcash is "perfect" as far as anyone can tell, and Monero anonymity is known to be imperfect.  Monero fans are really deceitful about this so don't believe the comparison images floating around.  You can also check the devs and researchers involved and there's no comparison. The pedigree and adherence to Satoshi's vision makes Zcash stand above Monero, Dash, and Ethereum.  Zcash is second to LTC in Satoshi orthodoxy.  Monero mixing is not secure, at least if you're talking about wanting your movements to be unknown to governments. PoS has deep problems no one has been able to resolve in a provable way.  A lot of alphabay people who used Monero are potentially now in trouble. The names I trust talk about BTC, LTC, and ZEC.  There is a reason wikileaks accepts Zcash but not Monero: they want donors to have protection against governments, not just psuedo-anonymity like Monero.

Comparison to HUSH, Zclassic, and ZenCash:
Zcash may find it difficult to go abve 0.15 BTC, so doubling from here is kind of a limit.  An alternative is HUSH clone of Zcash, soon to be with private messaging.  HUSH recently acquired the dev who developed the Zcash windows wallet and port it to Mac, among other things.  There's ZEN and ZCL clones, but I withdrew from them because of weirdness and instability in the devs.   some were saying the switch from ZCL to ZEN was an insider money-grab, evidenced by the immediate split in the devs after the fork, one going back to ZCL.  So an insider would get ZCL at a low price based on knowing a split was coming, then as ZEN came out and ZCL crashed, an insider could cash out of ZEN and buy up ZCL at the low price again, then go back to supporting ZCL.  Whatever the situation, any good dev(s) involved was/were getting tricked into supporting a bad dev(s) which shows a lack of ability in making good choices. So I cashed out of ZCL/ZEN and went to HUSH (on cryptopia only right now with small volume, so it's hard to acquire more than 1 BTC without driving it up, both of which is actually a good sign for upside potential).  

[Georgos]

ZCash as a true big potential. Not sure if I would invest it, but if I had what to mine it, I would do it !

[cico76]

I don't think that Zcash will be a good investment.

Nice post. Without explaining why, what's the sense ?!?!
Therefore without any cristal ball, which is a good investment now ?

 

[maeusi]

At its start ZCash was a short time traded at a price of almost 3300 Bitcoin and then crashed down, but was still worth 2.5 Bitcoin for a while.
The hype after initiaton could be explained with more than one reason. Anonymous transfers on basis of zerocoin protocol was possible. Wilcox had partnerships with scientists, hired a team with developers and could convince famous investors and bring the coin with big success to the market. But, as I understand it right, with the anonymity came a security problem. Noone could be sure, that zcash isn't produced by hackers to infinite. Maybe that or another significant problem on ZCash caused the deep fall. So, I am not sure what will bring the future to ZCash. I would keep a little amount on my portfolio.

[shtako]

Have been following zooko on twitter for some time. I'll stay away from zcash. There is definitely a market for an anon coin, but I don't think zcash will succeed.

[cramcram21]

Hello,

What do you guys think about ZCash. Is it worth to invest into this coin?

Yeah I think this is a very interesting coin and it is very active.
I think I would also put some of my extra money to it and hold for a good couple of months see how much profit I could get.

[d1ceplayer]

Looking at ZEC's historical data for several years I think the average ZEC price rises every year. ZEC is still profitable for me.

ZEC though progress slowly but keeps on producing some profit every year. So, it is good for a long term investment especially for those who are really patient in trading and have a good control over their emotions. That's pretty cool if ZEC is increasing your income steadily every year.

[YBL]

zcash price is associated by ether.its not a good invesrment.

[cico76]

zcash price is associated by ether.its not a good invesrment.

Why price should be associated to ether ?

Project are lot different. Different targets.

Zcash have good capitalization market and it's young compared to monero or ether (supported by samsung/ibm and other big).
Zcash 19th in graduatory.

2   Ethereum Ethereum   $28,097,858,304   $299.15   93,926,278 ETH   
13   Monero Monero           $744,162,550           $49.88   14,919,655 XMR   
19   Zcash Zcash           $446,762,919           $230.54   1,937,931 ZEC   

[TrumpD]

Take a look at the market cap and supply,  It's still very undervalued for the tech it offers. It is kinda like a forked bitcoin, with additional annonymous transaction options. I like what it offers, and I regard it as a good coin.

[bitstomake]

"The ceremony used a multi-party computation protocol with the property that the resulting parameters are secure unless all of the participants were dishonest or compromised during the ceremony."

Anything that relies on trust is fundamentally flawed.

"And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible." - Zooko Wilcox, ZCash founder.

The founder talking about making Zcash traceable in certain instances, rendering the whole concept fundamentally flawed.

Alphabay goes down the same moment they were supposedly implementing Zcash.  Whether you believe in coincidences or not, its certainly is very suspicious.

ZCash is run by an American company with American investors.  Conceptually, to me, this is a fundamentally flawed approach to privacy focused digital currency.

Can someone please dispute these facts?  I'm not even some super knowledgeable crypto guy..  If no ones even attempting to dispute its pretty damning evidence.

[striker7334 2.0]

Long story short:
 Zcash is currently a really good store of value with more upside potential than BTC.  But the HUSH near-exact clone of ZEC is moving faster and is at only 0.6% the value of ZEC. So it has huge upside potential. The jumps will occur when it gets on a bigger exchange and when the windows wallet and anonymous GUI messenger are released, not to mention XCAT, Counterparty financing, and EVM.  The developer reward was 0.5% instead of Zcash's 20%.  It's currently only on Cryptopia. Things that are hard to reach are the ones that are more likely to be undervalued.

Concerning the trusted multi-party setup and auditing total coins mined
You can tell a ZEC-basher (aka a Monero fan) is not being honest if he criticizes the multi-party setup without mentioning the video-recorded simultaneous sessions only required 1 person out of all those involved to be honest in order for it to be secure.  The only thing ZEC bashers are honest about is that the coin quantity can't be checked (which is directly connected to why no one can know how many coins were transferred) and that zk-snarks is new (which is directly connected to why ZEC and its clones are the only provably anonymous coins).  

Comparison to Monero:
If you check with experts, you'll see the anonymity of Zcash is "perfect" as far as anyone can tell, and Monero anonymity is known to be imperfect.  Monero fans are really deceitful about this so don't believe the comparison images floating around.  You can also check the devs and researchers involved and there's no comparison. The pedigree and adherence to Satoshi's vision makes Zcash stand above Monero, Dash, and Ethereum.  Zcash is second to LTC in Satoshi orthodoxy.  Monero mixing is not secure, at least if you're talking about wanting your movements to be unknown to governments. PoS has deep problems no one has been able to resolve in a provable way.  A lot of alphabay people who used Monero are potentially now in trouble. The names I trust talk about BTC, LTC, and ZEC.  There is a reason wikileaks accepts Zcash but not Monero: they want donors to have protection against governments, not just psuedo-anonymity like Monero.

Comparison to HUSH, Zclassic, and ZenCash:
Zcash may find it difficult to go abve 0.15 BTC, so doubling from here is kind of a limit.  An alternative is HUSH clone of Zcash, soon to be with private messaging.  HUSH recently acquired the dev who developed the Zcash windows wallet and port it to Mac, among other things.  There's ZEN and ZCL clones, but I withdrew from them because of weirdness and instability in the devs.   some were saying the switch from ZCL to ZEN was an insider money-grab, evidenced by the immediate split in the devs after the fork, one going back to ZCL.  So an insider would get ZCL at a low price based on knowing a split was coming, then as ZEN came out and ZCL crashed, an insider could cash out of ZEN and buy up ZCL at the low price again, then go back to supporting ZCL.  Whatever the situation, any good dev(s) involved was/were getting tricked into supporting a bad dev(s) which shows a lack of ability in making good choices. So I cashed out of ZCL/ZEN and went to HUSH (on cryptopia only right now with small volume, so it's hard to acquire more than 1 BTC without driving it up, both of which is actually a good sign for upside potential).  

I also own HUSH as a alternative cheaper version of ZEC and plan to buy more with the potential it holds but I also like ZCL as well but that one needs a lot of attention the devs have pretty much ceased any development on it from what I can tell in place of ZEN and that one is not doing well at all the launch was a disaster.

[Cocobrayy]

I would say yes if ZCash is invested, because I think the price is potentially big for the future. So it would be better if you hold it, because whenever the price of ZCash can increase and you can profit big

[cryptimus prime]

Zcash can not hold this price, what do you guys expect with 200% inflation this year? That if you invest money now the value will go up?

I decided to invest in ZEN, it is a better version of Zcash with a strong developer team behind it and not that overpriced with 5 USD per coin.
Seems more reasonable. Putting money in Zcash feels like simply burning it, sorry.