This fork is just obvious ZCL pump, people are creative how to make rich themselves:
On February 28, a snapshot of the zclassic and bitcoin blockchains will be taken and holders of each cryptocurrency will be eligible for bitcoin private, distributed at a 1:1 ratio, once the BTCP mainnet launches a couple of days later. A total of 20 million coins will be created by combining the circulating supply of BTC and ZCL.
When the fork was announced late last year, it caused the prize of zclassic to shoot up from around $4 on December 22 to its current price of around $97. For anyone interested in claiming their maximum allocation of bitcoin private, it makes sense to load up on zclassic given that even at $100 it is orders of magnitude cheaper than bitcoin. As the date of the hard fork looms closer, zclassic is likely to rise further still.
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>> https://news.bitcoin.com/bitcoin-private-fork-aiming-to-make-bitcoin-anonymous/Another forktastic pump and dump scam, and it looks Roger Ver is involved judging by how bitcoin.com is shilling it and recommending people to load up on "zclassic".
Now on the technology itself, I think it has some value, but as of today, it's a bit of a mess and will not change anytime soon, it's too computer intensive, too heavy. It's only use case is basically for the paranoid that want privacy on their transactions, but then again, if few people use something, no matter how good the technology is, is less secure than something that's used by a ton of people like Bitcoin.
I like how they combine 2 blockchains to do this, but I think it will not get anywhere in the long term. Chances are I will not even bother dumping it tho, im tired of all the forks anymore, I just hold them and whenever I feel like it I will eventually dump it all. It's too stressing having to move all of your private keys every time there's a new damn fork around the corner.
