Is Zcash an underestimated cryptocurrency?

[Abiky]

Zcash was the innovator of a new privacy technique dubbed "Zero-Knowledge Proofs". It has all of the goodness of the original Bitcoin (21 million coin supply, PoW, etc.) but with added privacy. This solves the "fungibility" problem of Bitcoin. If we take into account Zcash's limited supply and built-in privacy features, then the cryptocurrency should be worth a ton of money by now. Yet, that's not the case as ZEC remains in the "triple digits". Am I missing something here? How come Bitcoin spinoffs like Bitcoin Cash and Bitcoin SV are fairing better than Zcash when they have no privacy at all? (Bitcoin Cash adopted CashFusion lately but relies on the CoinJoin which is inferior to ZK-SNARKS in my own opinion)

What are your thoughts about Zcash? Do you think it is an underestimated cryptocurrency? Does it have a chance against other privacy-related cryptocurrencies on the market? Will it go higher in price or stale? Your input will be greatly appreciated. Thanks in advance.

[Oshosondy]

It has all of the goodness of the original Bitcoin (21 million coin supply, PoW, etc.) but with added privacy.

A coin that has zero knowledge proof that can not be tracked on blockchain, I can well use it to mix my bitcoin if I have plenty of bitcoin.

If we take into account Zcash's limited supply and built-in privacy features

Not privacy feature, it is anonymity feature,  bitcoin is private enough.

What are your thoughts about Zcash?

There are two other ones I know, Dash and Monero, if the price of one of these coins is rising, I noticed other two follows as they are the most common anonymous coin existing.

[Little Mouse]

There are two other ones I know, Dash

Dash privacy features isn’t better than Bitcoin. That’s what have been said officially by Dash twitter although I didn’t check much about Dash privacy features. I can't remember if they are using some privacy option like ZEC and XMR.

From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash. We have reached out to @BittrexExchange to request a meeting with their compliance team. Hopefully this will be rectified soon.

https://twitter.com/Dashpay/status/1345093269919854592?s=19

[seoincorporation]

There are more than one crypto coins focused on privacy, zcash is one of them, but is not the most anonymous coin. It has a big competence called Monero.

The problem with this kind of coins is they are used for illicit transactions, they are good for the dark web and for illegal stuff... but the common users prefer to stay away from those kinds of coins because if you use them then you could get tagged as a criminal.

[Little Mouse]

but the common users prefer to stay away from those kinds of coins because if you use them then you could get tagged as a criminal.

Then, would you call everyone using bitcoin mixing services as criminal? If so, would you conclude that anyone promoting Chipmixer is also promoting criminal activities? This is kinda off topic here.
Anyway, I think using privacy coin has nothing to do with criminal. Anyone can use that to hide their financial activities. I may use ZEC to hide my crypto asset, why would I let people know about my asset?

[Oshosondy]

There are two other ones I know, Dash

Dash privacy features isn’t better than Bitcoin. That’s what have been said officially by Dash twitter although I didn’t check much about Dash privacy features. I can't remember if they are using some privacy option like ZEC and XMR.

From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash. We have reached out to @BittrexExchange to request a meeting with their compliance team. Hopefully this will be rectified soon.

https://twitter.com/Dashpay/status/1345093269919854592?s=19

I hope you read all my comments, did I mention Dash is private more than Bitcoin? No.

Not privacy feature, it is anonymity feature,  bitcoin is private enough.

[Little Mouse]

I hope you read all my comments, did I mention Dash is private more than Bitcoin? No.

BTC tx are not private. They are public while with privacy coins like XMR, ZEC, you can have tx which info isn’t public. You can hide amount or you can hide sender addresses with privacy coins.
I used to know these coins as privacy coins. May be I'm wrong.

[Oshosondy]

BTC tx are not private. They are public while with privacy coins like XMR, ZEC, you can have tx which info isn’t public. You can hide amount or you can hide sender addresses with privacy coins.
I used to know these coins as privacy coins. May be I'm wrong.

Do not get me wrong, nobody says bitcoin transaction is not available to the public, the bitcoin blockchain database is available to the public. You need to know the difference between privacy coins and anonymous coins. Bitcoin is a privacy coin, you can not link the owner to the bitcoin they have but you can only track the bitcoin on blockchain, while anonymous coins makes the tracking not possible.

That is why we need to make all possible steps towards privacy like mixing and coinjoing and knowing ways to spend bitcoin privately without it linked to out personal identity. And know that if terrorists, money launderers and other online criminals start to know about these anonymous coins, the use of it will increase.

[Argoo]

Zcash was the innovator of a new privacy technique dubbed "Zero-Knowledge Proofs". It has all of the goodness of the original Bitcoin (21 million coin supply, PoW, etc.) but with added privacy. This solves the "fungibility" problem of Bitcoin. If we take into account Zcash's limited supply and built-in privacy features, then the cryptocurrency should be worth a ton of money by now. Yet, that's not the case as ZEC remains in the "triple digits". Am I missing something here? How come Bitcoin spinoffs like Bitcoin Cash and Bitcoin SV are fairing better than Zcash when they have no privacy at all? (Bitcoin Cash adopted CashFusion lately but relies on the CoinJoin which is inferior to ZK-SNARKS in my own opinion)

What are your thoughts about Zcash? Do you think it is an underestimated cryptocurrency? Does it have a chance against other privacy-related cryptocurrencies on the market? Will it go higher in price or stale? Your input will be greatly appreciated. Thanks in advance.

ZCash is generally a good coin with high functionality and a few months ago, like Bitcoin, it had its own halving. Since then, the price of this coin has practically doubled and is now around $ 151. The high level of anonymity of this coin leaves an imprint on its demand and existence. It would have grown significantly in price, but some states have already begun to restrict and even prohibit its circulation on their territory. An example of this is set by the Japanese government, which is generally considered to be crypto-friendly. Therefore, many, apparently, are not sure that states will allow it to develop.

[Dutchyyy]

ZCash privacy coins are under the control of regulators, who see them as aiding and abetting illegal activities.

Most exchanges have difficulty with changing regulatory standards and other compliance issues, and these are some of the reasons for removing tokens from their lists on the market.

 Underestimated or not, I think that such an attitude towards ZCash
 will have a great impact on the ambitions and support.

[zasad@]

https://cryptonews.com/news/litecoin-mimblewimble-code-might-be-ready-early-2021-9103.htm
"Litecoin (LTC) MimbleWimble (MW) initial code may be finished by the end of March, with the activation to follow necessary audits and reviews, according to David Burkett, the developer of Grin++, a Grin wallet with a built-in full node. (Updated on February 3 with a tweet from David Burkett.)"

https://twitter.com/DavidBurkett38/status/1356469626511712258
@davidburkett@bitcoinhackers.org(C)
Improved how we handle stealth addresses thanks to the "MingleJingle" proposal

Litecoin developers have a different opinion

[Abiky]

There are more than one crypto coins focused on privacy, zcash is one of them, but is not the most anonymous coin. It has a big competence called Monero.

The problem with this kind of coins is they are used for illicit transactions, they are good for the dark web and for illegal stuff... but the common users prefer to stay away from those kinds of coins because if you use them then you could get tagged as a criminal.

Well, not everyone who uses a privacy coin is a criminal. There are legit use cases for privacy-oriented cryptocurrencies like Zcash and Monero. The problem is that governments don't want people to use privacy coins because such coins enable true financial sovereignty. Something governments can't control or track, will be considered as a threat to the current monetary system. It's the reason why governments are spreading false propaganda against privacy coins these days. This has led most people to avoid them in the first place out of fear from being associated with criminals.

Zcash may be a good privacy coin, but it won't be able to reach new heights with ever-growing government regulations. Exchanges are de-listing privacy coins like crazy (especially Monero) these days. This will affect the level of awareness of privacy coins as we speak. At least, the decentralized and open source nature of privacy coins like Zcash and Monero will keep them going for years on end. While Monero is still the leading privacy coin, there's still a place for Zcash in the crypto/Blockchain industry. A limited supply of 21 million coins, should maintain Zcash's prices steady enough for the foreseeable future. It's like Bitcoin, but only better with built-in anonymity. Monero may be superior than Zcash from a technical standpoint, but its supply is NOT finite. Inflation could harm XMR's price in the long run, as Zcash soars towards new heights. Who knows if ZEC gains massive traction in the future as people recur to privacy coins due to increased government surveillance efforts? Just my opinion

[wiss19]

What are your thoughts about Zcash? Do you think it is an underestimated cryptocurrency? Does it have a chance against other privacy-related cryptocurrencies on the market? Will it go higher in price or stale? Your input will be greatly appreciated. Thanks in advance.

ZCash is a good cryptocurrency, but comparing it to Bitcoin is a no-no, because that coin is not going to match up to the level of Bitcoin, they two are entirely different since ZCashdoesn’t have the level of investors we have in Bitcoin.

As for being undervalued, I can’t say about that for sure, I think it’s at the value it’s supposed to be, and if you check the both market cap, they are totally different, Bitcoin far up and is giving a huge gap to the other market cap. Good thing about ZCash is the privacy feature , but people hardly use it.

[Abiky]

ZCash is a good cryptocurrency, but comparing it to Bitcoin is a no-no, because that coin is not going to match up to the level of Bitcoin, they two are entirely different since ZCashdoesn’t have the level of investors we have in Bitcoin.

As for being undervalued, I can’t say about that for sure, I think it’s at the value it’s supposed to be, and if you check the both market cap, they are totally different, Bitcoin far up and is giving a huge gap to the other market cap. Good thing about ZCash is the privacy feature , but people hardly use it.

Well, Zcash is similar to Bitcoin with a limited supply of 21 million coins. The only difference is that Zcash has a built-in privacy mechanism, whereas Bitcoin has no privacy at all. This makes Zcash a better alternative to Bitcoin for businesses or average individuals looking for privacy. Some would say that Monero is a better option, but it's not as scarce as Bitcoin or Zcash. Combining the deflationary model of Bitcoin and the privacy technique of Zcash can do wonders. It's the best of both worlds as people will be able to rely on ZEC as a store of value and a fungible cryptocurrency for day-to-day payments.

Unfortunately, Zcash had a bad start because of the "Founder's Reward" imposed by the developer team. Everything went downhill after the initial release of Zcash on October 2016. It's yet the day where ZEC hasn't reached a new All-time-high in price. Many early investors lost their money as a result. While the project is still actively developed, it's missing the "pizzazz" needed to stay in the spotlight. Marketing/promotion efforts needs to be improved for Zcash to go somewhere. At least, the idea is there. Making it a success is another story. The ZK-SNARKs tech is used by other Zcash forks today, so time will tell whenever Zcash will stand the test of time or fade into oblivion. With fierce competition in the crypto/Blockchain space, it may be a little too late for ZEC to rise from the ground up. Just my thoughts

[LUCKMCFLY]

I think that Zcash is taking a good bullish turn, as it is anonymous in nature, for me these types of currencies are the ones with the highest probability of survival index, their undervalued characteristic is beginning to wake up.

If the bulls can flip the $86 level into support during the next correction, it will suggest that sentiment remains positive and traders are accumulating on dips. The bulls will then make another attempt to resume the uptrend.

Source: https://cointelegraph.com/news/zcash-zec-horizen-zen-and-hedget-hget-soar-as-altcoins-lift-off

While Bitcoin continues its bullish path, ZCash is likely to stagnate a bit, after which the move will be to repeat the direction of Bitcoin. If a Bullish season of altcoins is uncovered, I think that ZCash could have a very juicy ATH, so much that it will attract the attention of investors to shelter their money in Zcash.

[Altcoinist]

I think that the market (where there is now about 3 times more money than in 2018) will try to return to ATH, which is about three times the current ... in my opinion, there is the potential for growth up to 5 times.

[Kemarit]

I would say that almost all privacy-centric coins are underestimated. Specially that majority of exchanges are delisting them or at least not listing them anymore because of regulatory pressures. I would say that every privacy coins has it's strength and weaknesses, however, they have been somewhat shy upon by investors.

Only pure hardcore privacy individuals are going to invest or at least used it without fearing the government coming after them. But for normal and average joe's, might be better to suit up for other altcoins to make money.

[Abiky]

I would say that almost all privacy-centric coins are underestimated. Specially that majority of exchanges are delisting them or at least not listing them anymore because of regulatory pressures. I would say that every privacy coins has it's strength and weaknesses, however, they have been somewhat shy upon by investors.

Only pure hardcore privacy individuals are going to invest or at least used it without fearing the government coming after them. But for normal and average joe's, might be better to suit up for other altcoins to make money.

That's certainly true, mate. Privacy coins are extremely undervalued these days because of recent de-listings across major exchanges. Government regulations are forcing exchanges to close up shop for privacy coins. This takes them out of the spotlight as investors and traders focus on other cryptocurrencies on the market. While Zcash has the potential to transform privacy, it has a small market compared to other big players like Bitcoin and Ethereum. If the trend continues, privacy coins will only be used in the underworld. Getting access to privacy coins could only be done via decentralized exchanges or in-person. They won't disappear anytime soon thanks to the decentralized and censorship-resistant nature of blockchain technology.

Nonetheless, people seem to underestimate privacy coins in general. They don't care about privacy at all since they have nothing to hide. In my own opinion, both Zcash and Monero are hidden gems in the crypto/Blockchain space. Yet, they're extremely undervalued compared to other cryptocurrencies on the market. Zcash has the same limited supply as Bitcoin so it should've been worth at least $1k by now. Monero has a much bigger supply, but it's the best privacy coin in the world today. Regulations are certainly affecting privacy coins' prominence in the mainstream world. It shouldn't be long enough before all exchanges remove privacy coins from their platforms. Who knows how far ZEC will go in the future? Just my thoughts