I would add some in the response by saying the main reason of giving up of ZCL is that has done. That was forked by some people to use that for this fork and hype created for BTCP took that to the sky though there was no serious reason nor use case to believe so. Now people have hopes from main coin to perform and become valuable in future. No one knows what future has reserved for this forked coin juts hold and wait may be it will be worth or may be not.
They took 3Million supply coin to a 20Million supply coin with low mining profit. Nothing else improved upon ZCL so what else did you expect to happen? Perfect scam.
The reason for BTCP's existence is a mystery. There is no need for it. So why was killing a great project such as ZCL so important to create a new entity named BTCP? There is simply no reason for it to exist, right? Wrong.
I got sucked into buying a bunch of ZCL and lost quite a bit but that's not why I am here.
I originally thought the main reason for BTCP fork was to dump 30,000 ZCL for $100 avg in the few minutes after the fork by making sure Bittrex wallet is unavailable for deposits, tradesatoshi is DDOS ready and any competing seller has his ZCL in a local desktop wallet. To add more confusion they never clarified why the ZCL has to stay in the wallet until the "the fork completes or you may lose your BTCP".
So 30,000 x $100 avg = $3,000,000 for Leon Fu, Tai Zen and CryptoJack. Poor little Rhett was used as a front, he probably has no idea whats going on, they dont let him in on the treasury board, lol.
There was also another $2,500,000 from BTCP dumped in the first few days where BTCP traded at $80 or so.
So anyone with IQ of over 80 would figure the above part of the carefully crafted scam, but not the rest of the story, it just starts getting interesting now: What most didnt realize was the BIP9 to claim the BTCP from millions of unclaimed BTC wallets. BIP9 allows the devs to control and SELL the BTCP that is forked from BTC wallets such as Satoshi and other big accounts such as those owned by big exchanges. Now those amount to $200,000,000+. Remember Bittrex also stole everyone's BTCP and are holding it ready to dump. They dump some already forcing the price to go down to where it is now.
But its not that easy, as soon as they start selling the price will crumble. So they need liquidity. That's where HITBTC comes into play, providing liquidity for slow dump of those millions of BTCP they are holding onto.
And with ZSnarks no one knows where the coins come from, they just show up as long as there is liquidity. They can be created out of thin air using the code ZCash team supposedly destroyed but ZCL/BTCP team never said a word about.
I cant believe there are still a few buyers willing to pay $20 for this.
