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Anyone else finds naming important for adoption? Bitcoin sounds pretty elegant to the regular Joey IMO but „ZCash“...I mean...awful. Well lets hope for a rebrand later.
This is the rebrand. This project was initially ZeroCoin, then ZeroCash, and now the abbreviated ZCash
ZeroCoin was an entirely different approach based on different cryptography with radically different properties.
Another altcoin. This one has a 10% pre-mining cut for the founders: "Zcash's monetary base will be the same as Bitcoin's — 21 million Zcash currency units (ZEC, or ⓩ) will be mined over time. 10% of that reward will be distributed to the stakeholders in the Zcash Company — founders, investors, employees, and advisors. We call this the “Founders Reward”." Here's a list of the other 709 altcoins.[1] 373 of them are st…
Zcash 10% vig is an improvement over instamine or premine. I agree this structure is still not ideal for maximizing zcash value, as it creates an incentive to clone zcash (without the vig). Zcash looks like it will be rather more difficult to clone than, say, Ethereum. But it will certainly be done. I also expect that some of zcash features will be added to other protocols, thus diluting its tech advantage.
No one has figured out how to force everyone to invest in the same version of bitcoin, and perhaps that is as it should be. I still expect the Zcash devs to make out OK.
Earlier quoted context omitted.
Or it's like Gulden (NLG) [0] which went times 30 over the last months. Currently they are installing terminals in parts of the Netherlands, some in Taxis. Edit: This altcoin also seems to provide anonymity [1] [0] https://bittrex.com/Market/Index?MarketName=BTC-NLG [1] https://shadowproject.io/en
Already down 50% from the peak one week ago.
Another altcoin. This one has a 10% pre-mining cut for the founders: "Zcash's monetary base will be the same as Bitcoin's — 21 million Zcash currency units (ZEC, or ⓩ) will be mined over time. 10% of that reward will be distributed to the stakeholders in the Zcash Company — founders, investors, employees, and advisors. We call this the “Founders Reward”." Here's a list of the other 709 altcoins.[1] 373 of them are st…
Alt-coin founders are still into the whole deflationary thing I see.
Anyone else finds naming important for adoption? Bitcoin sounds pretty elegant to the regular Joey IMO but „ZCash“...I mean...awful. Well lets hope for a rebrand later.
I have a hard time believing that the powers that be will allow it, then, because of "Assassination Politics," avoidance of taxes, etc. We won't kill Skynet without a war.
The 'Assassination Politics'/'Assassination Market' problem is an interesting one, and may be one of the parade of horribles, along with extortion, blackmail, identity theft, and others that will be brought against ideas like ZCash. The problem is that a 'ZCash' alternative is almost inevitable, and the best we can reasonably expect is to control the markets for these transactions to reduce or prevent them (as is don…
Earlier quoted context omitted.
Alt-coin founders are still into the whole deflationary thing I see.
What's the problem with that? It seems to be working so far.
Though to be fair, the rate at which new cryptocurrency pools are being created seems to more than keep up with the growth of the economy. Who needs the government to print money when anybody can?