Keybase chooses Zcash • Hacker News Board

Re: Keybase chooses Zcash

#11

Post by speps » Thu, Nov 17, 2016, 4:55 PM UTC

> HN users: those PM'ing me for an invitation.... in the FAQ there is a temp code to skip the queue. We'll turn that code off in a day or two.

> use the invitation code "zcash" during signup

Re: Keybase chooses Zcash

#12

Post by Bombthecat » Thu, Nov 17, 2016, 4:55 PM UTC

blueprint wrote: post #3

CiPHPerCoder wrote: post #2

I like Zcash. I think it's a good solution to a problem that Bitcoin did not solve, and creates a cryptocurrency more in line with the vision spelled out in A Cyperpunk's Manifesto than the previous attempts. (Yes, I've looked at the other attempts to build a private alternative to Bitcoin, including Monero: https://github.com/monero-project/monero/issues/1271 )

…

Just another cash grab. I'm every time amazed that it still works.

Re: Keybase chooses Zcash

#13

Post by wyager » Thu, Nov 17, 2016, 4:59 PM UTC

xiphias wrote: post #4

I'm not that much into zcash, but this is cool: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trust...

That's refreshingly honest! Very cool article.

Re: Keybase chooses Zcash

#14

Post by alvarosm » Thu, Nov 17, 2016, 5:03 PM UTC

You need a ton of space and/or processing power for the zero-knowledge transactions. The anonymity isn't free!

In practice Zcash/zcoin (different tradeoffs) are of no use to you unless you are willing to go the extra mile to hide something (criminal activities and such). There's no point in paying for the extra effort for normal transactions.

Re: Keybase chooses Zcash

#15

Post by alvarosm » Thu, Nov 17, 2016, 5:07 PM UTC

xiphias wrote: post #4

I'm not that much into zcash, but this is cool: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trust...

At least I hope he got paid well for that idiotic tale...

Re: Keybase chooses Zcash

#16

Post by elif » Thu, Nov 17, 2016, 5:10 PM UTC

CiPHPerCoder wrote: post #2

I like Zcash. I think it's a good solution to a problem that Bitcoin did not solve, and creates a cryptocurrency more in line with the vision spelled out in A Cyperpunk's Manifesto than the previous attempts. (Yes, I've looked at the other attempts to build a private alternative to Bitcoin, including Monero: https://github.com/monero-project/monero/issues/1271 )

Yeah, but proof that (Beyond the 10% pre-mine) more ZEC are not being secretly generated for the creators relies upon trust in a cabal of six individuals based upon a "public" exhibition of genesis involving theatrical destruction of computers (whose video was supposed to be published but I can't find?)

Even if they are 100% legitimate actors, the lack of absolute proof undermines the provenance. From my perspective, Zcash is technically a Fiat currency without the clout of a state backer.

I'm sticking to bitcoin and ethereum :)

Re: Keybase chooses Zcash

#17

Post by kneel » Thu, Nov 17, 2016, 5:10 PM UTC

https://z.cash/blog/funding.html

ctrl-f 'founders reward'

Re: Keybase chooses Zcash

#18

Post by brilliantcode » Thu, Nov 17, 2016, 5:11 PM UTC

Consider that after by end of this month there will be 200,000 ZEC released following every month with 20% going to the founder's coffers after 4 years.

Extreme inflation will continue sending prices crashing. Recall early this month prices were hovering around 2 Ferrari 458 and now it's tanked to under a 100 dollars.

If we were to assume that in 48 months X 200,000 ZEC = ~100,000,000 ZEC with 20,000,000 ZEC belonging to the Founders.

edit: why the downvotes? I'm just reporting the facts: https://twitter.com/TommyEconomics/status/793435785097646081...

Re: Keybase chooses Zcash

#19

Post by CiPHPerCoder » Thu, Nov 17, 2016, 5:13 PM UTC

elif wrote: post #16

CiPHPerCoder wrote: post #2

I like Zcash. I think it's a good solution to a problem that Bitcoin did not solve, and creates a cryptocurrency more in line with the vision spelled out in A Cyperpunk's Manifesto than the previous attempts. (Yes, I've looked at the other attempts to build a private alternative to Bitcoin, including Monero: https://github.com/monero-project/monero/issues/1271 )

Yeah, but proof that (Beyond the 10% pre-mine) more ZEC are not being secretly generated for the creators relies upon trust in a cabal of six individuals based upon a "public" exhibition of genesis involving theatrical destruction of computers (whose video was supposed to be published but I can't find?) Even if they are 100% legitimate actors, the lack of absolute proof undermines the provenance. From my perspective,…

What would you have done differently to solve the same problem they did?

Re: Keybase chooses Zcash

#20

Post by exstudent2 » Thu, Nov 17, 2016, 5:15 PM UTC

elif wrote: post #16

CiPHPerCoder wrote: post #2

I like Zcash. I think it's a good solution to a problem that Bitcoin did not solve, and creates a cryptocurrency more in line with the vision spelled out in A Cyperpunk's Manifesto than the previous attempts. (Yes, I've looked at the other attempts to build a private alternative to Bitcoin, including Monero: https://github.com/monero-project/monero/issues/1271 )

Yeah, but proof that (Beyond the 10% pre-mine) more ZEC are not being secretly generated for the creators relies upon trust in a cabal of six individuals based upon a "public" exhibition of genesis involving theatrical destruction of computers (whose video was supposed to be published but I can't find?) Even if they are 100% legitimate actors, the lack of absolute proof undermines the provenance. From my perspective,…

One of the six is Peter Todd. Bitcoin expert and Zcash skeptic. He posted about his participation here: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trust...