Two quite technical but interesting videos:
https://www.youtube.com/watch?v=uEdx-pqJg4Ihttps://www.youtube.com/watch?v=S6qOj9ap6RMSo as far as In understand, zcash and its improved version, zero, ensure transaction anonymity whereas bitcoin doesn't.
This means zero has a huge potential.
I wonder though what's going on with all those other altcoins that recently emerged and are actually enjoying a huge price and marketcap inflation.
They claim to protect anonymity too. What is the truth? What is really going on? Or is it all some market game driven by people's ambition to become rich?
How are governments going to react? All this money, where is it coming from? Is it a new bubble?
I legitimately have no idea what's going on...
There are many protocols to mask transactions: cryptocurrency tumblers and coinjoin, cryptonote and ring signatures, zerocoin (zcoin), zerocash (zcash). Each has its pros and cons, zerocash is the protocol that has a high mathematical complexity and leads few people to understand it, and the new version of zcash brings an improvement of the protocol with the codename "Sapling", for info:
https://z.cash/blog/cultivating-sapling-faster-zksnarks.html . Now, honestly and objectively speaking, any cryptocurrency is just a way to speculate and earn, it's an iniquitous system where those with more money can have more computing power and make more money or directly buy and condition the market. In a society where there is not a certain degree of culture and respect for all by all there can not be a fair system if there is no control by an authority that guarantees fairness, and cryptocurrency is not controlled. The crypto coins are a start of something but for now they are just speculation. Do you want a fair coin?, be fair, and to finish, zero is derived from zcash that has the best cryptographic development team with the best cryptographers and scientists, now it is in the zero team to build something around this and the basis for something different there are. I can only wish a good job for development team and all of you for every contribution. Sorry for my bad english.
It all began when I caught the crypto bug--this addictive sickness whereby my days were filled with crypto dreams of riches and salvation, fully supported by many youtube cryptocurrency and bitcoin evangelists that became wealthy from the year-long run up of all cryptocurrencies. Chasing bitcoin video after video, elevated in front of the computer, with unstoppable energy, and acutely alert I soaked up everything in this to-be monument, but beginning ground floor opportunity.
Honestly, it had a mild beginning, when signing up for a free bitcoin wallet on the internet and not thinking much of it. Then, spending several hours watching beginner tutorials on how to properly load up your computer with free (donations accepted) cryptography software that was safe from hackers, and with this software that the computer operator would gain freedom from government eyes and enter the modern world of transferring money directly from person to person, with no bank fees or oversight. At this point I was hooked and my life would never be the same.
But with cryptocurrency in its infancy, growing pains are expected. I recall that in my early days of venturing out on my own with a new business and being too timid to call on new people, I joined a barter club with barter "dollars"-- begun 20 years earlier by a grandson of a famous banker. In his case, with his customer network of believing business members that had paid in one-for-one to gain barter dollars, they were left with little because the grandson later flooded the barter system (a few years prior to my joining) with so many additional barter dollars (via his computer that tallied the accounts) that he caused inflation such that the mismatch to the fiat currency (dollar) became laughable and trading voluntarily ceased by most members, their accounts aging idle, growth diminished.
Not to be dismayed by the poor response from the members I visited, my expensive loss from a worthless buy-in, and also never a quitter, I found a second, better managed barter exchange organization, and (even though it required me to travel further to the business network), I was generally satisfied by the results and did my part to be a good member.
Many members required a portion of a purchase of their wares/services in cash and a portion in trade--or "barter dollars." This 50/50 method tended to put the brakes on zealous buying members with fat barter wallets, reducing their retail-price transaction size, thus resulting in a more palatable cash-flows/barter-dollar-flows for selling merchants.
Conversely, my "true" barter transactions were executed severely in full barter dollars, though difficult to stomach as I plunked down my precious cash (purchasing items on my bill-of-materials) to proceed with the barter sale to my customer. To keep a better cash-flows balance in my business I later limited the hungry barter members sales by reducing my "barter exchange" product offering from my full line of products.
Later on, after my business bloomed, while "networking" at a cocktail business-card swap held in the local Federal Reserve building, I spotted a FED game in the lobby for visitors to play, whereby the participant could pull one lever to add/reduce liquidity to the monetary system, and a second lever to adjust interest rates up and down, based upon the game's fluctuation of the relative value of the dollar to other currencies and inflation, if my memory serves correct. As you may have already guessed, all visitors lost the game. The game ended either by piloting the dollar into a tailspin or its value climbed steeply, thus followed by a tailspin: Monetary tweaking is complex.
So with a journey in alternative currencies under my belt, (1) Where men that know better do wrong--banker's grandson initiated hyper-inflation; (2) A nobody performs relatively better (second barter network required a cash crutch placed atop non-discounted goods and services); and (3) It's not as easy it looks and no pilot (Crypto currency may lack monetary adjustment tools and an operator to implement them, subjecting it to wild gains and losses), I join the crusade for the future success and worldwide dominance of modern digital cryptocurrencies, with a visionary's view that includes a rocky and distressing path ahead.
That stated, I pledge full effort (in my specialization here within [tools]) to expand the vision, announce this new monetary entrant through time-proven product marketing strategies, and to assist in bringing forth the full feeling and power of a new era in currency freedom.
Respectfully Yours,
Green_coins_and_ham
Purveyor
Any suggestions appreciated.
I am seeking marketing input regarding using a premium on top of the zero coin market value, for my customer invoices. The rationale for a premium can be seen in the quote above, using the barter exchange alternative currency model.
Ok, so below is a portion of the text from an invoice I sent prior to the holidays, to a prospective buyer. The purchasing agent contacted me just prior to Christmas and said that they got approval to proceed, but payment is waiting until after everyone gets back--I have yet to hear from them. The value is roughly USD2000.
Now, even though it only list bitcoin as the digital currency, I will begin to list zero as the privacy currency, beside bitcoin. In other words, only two flavors offered, open ledger big-name bitcoin, and zero for privacy.
Please note, for this particular invoice, it is for a product in my main product line, and perhaps the most popular product, and an inventory item. So, in taking the digital currency on this one--if that is in fact how the customer decides to proceed rather than fiat currency--it does not affect my cash flows in a meaningful way.
Importantly, I selected this prospective customer because they are located in a country that accepts bitcoin for daily purchases (albeit small). The country is Indonesia. In my estimation, the is a likelihood that the customer has received bitcoin payments from their customers and has a stockpile.
Text from invoice submitted to Indonesia prospective customer:
Payment is either wire transfer USD, or bitcoin money, where the conversion is 1.15 x conversion rate at time of payment (15% above standard conversion rates). Online bitcoin payment amount generated upon customer request.
