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Keybase chooses Zcash

keybase.io

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Re: Keybase chooses Zcash

#111

Post by yungchin »

pero wrote: post #107
yungchin wrote: post #104

Earlier quoted context omitted.

I couldn't decide whether to up- or downvote this: it sounds like equal parts 1) information worth bringing to people's attention and 2) slandering a team that seem really nice fellas to me. So I looked both companies up on CrunchBase, and can find zero overlap between investors declared there. Where did your information come from?

http://archive.is/wdNh3 http://archive.is/vnmkv

Thanks very much for this. Based on the one or two private individuals featuring on both lists, I'm inclined to think your original post was exceedingly strongly worded.

Re: Keybase chooses Zcash

#112

Post by kristianp »

kobeya wrote: post #55
malgorithms wrote: post #32

Author here. Seeing some of the discussion go down on Twitter, I feel maybe I should explain further the "white supremacist" example in the post. (one tweet at me: "So now you can hide the fact that white supremacists are sending you money? F!@#ing weird example.") When I shared a draft post with some friends, a lot of them had an ah-ha moment, so I was hoping for the same from others. I was trying to illustrate 2 pr…

Have you considered supporting a stealth address scheme for Bitcoin? The problem is reuse of addresses, period. Bitcoin has solutions for this.

It looks like stealth addresses would be a good solution for bitcoin. There's no widely accepted scheme for it afaik though.

http://sx.dyne.org/stealth.html

https://www.reddit.com/r/Bitcoin/comments/2r07hu/whats_happe...

Re: Keybase chooses Zcash

#113

Post by wmf »

Taek wrote: post #97
hackinthebochs wrote: post #90

Earlier quoted context omitted.

>Max price was almost $2,000,000 per token, someone actually literally spent that much. No. When zcash was trading at such a price, it was less than a single zcash coin in total. So a few people were paying significant sums for very small fractions of a zcash coin, but no one payed 2,000,000 for a single coin. The price has crashed because supply has grown exponentially. What you were seeing was supply vs demand in a…

I did not mean to suggest that a whole $2M was dropped, but someone did buy a fragment for $2M per coin. These people buying it hopefully would have been aware of the publicly known upcoming inflation, the fact that they bought at these prices I believe is a tragedy and a black mark against Zcash.

So if I buy 0.01 BTC for $750 [1] and cause the price to "fall 99%" that will leave a black mark against Bitcoin? Perhaps the blame really lies in the exchanges who were so eager to allow trading on such a scarce asset.

[1] I realize this is not really possible because you'd have to buy the entire order book first, but in the case of ZCash the order book was empty.

Re: Keybase chooses Zcash

#114

Post by Taek »

tromp wrote: post #71
Taek wrote: post #44

Earlier quoted context omitted.

I think it's worth paying the "genius" tax. Though controversial, the tax manifests in the form of inflation and will help fund a company that can get things running and stable. Of all the qualms I have with Zcash, I think that their mining fee is one of the cleaner ways in the ecosystem to fund altcoin development. This technology takes a lot of effort, and a lot of salary money to develop. And then you have to do m…

The slow start was a good way to avoid unfair distribution in the beginning phase when miner implementations were still being written, deployed, tested, debugged, ported and optimized. In fact I would advocate for a zero-day start, where the first few hundred blocks following genesis have exactly 0 reward, coupled with an overestimated initial difficulty, so people have some less stress-full time to get set up and so…

Thinking further, you could have achieved something similar by refusing to allow coins to be traded for X weeks. E.g. no coins at all can be sold until the first 2 weeks of mining become available all at once.

It's fair-ish distribution, without the absurd trading game that followed the Zcash release.

Re: Keybase chooses Zcash

#115

Post by gtlondon »

Wouldn't it make more sense to use Monero instead of ZCash?

Privacy is compulsory with Monero and also the entire platform is decentralised.

The privacy features in Zcash are optional & very slow / difficult to use -- most users will simply make non-private transactions. Also Zcash requires trust of the founders (Any "private" coin that requires trust of a third party is a fail in my mind).

Re: Keybase chooses Zcash

#116

Post by fsiefken »

kyledrake wrote: post #45
StavrosK wrote: post #42

Earlier quoted context omitted.

Just as a data point, I found the example perfectly clear, although I do wish you had added Monero instead of Zcash, just because it looks more legitimate to my uninformed eyes.

This. Can someone chime in here and give me an argument for why Zcash is better than Monero? Because everybody I've talked to thinks Monero is better. I'm not saying it is, but Monero came out far earlier than Zcash, and unless there is a substantial argument for using it over Monero, I'm not convinced of the argument to standardize on it. The only striking difference I can see between Monero and Zcash is that Zcash…

Don't forget to compare Zcash and Monero with Dash or Dash Evolution as well. http://monero.stackexchange.com/questions/112/how-is-monero-...

Re: Keybase chooses Zcash

#117

Post by gtlondon »

pero wrote: post #98

5 hours and almost 100 comments later no one has pointed out that Zcash and Keybase share the same investors. I am relieved that 'Keybase chose Zcash' purely on merit after an exhaustive and objective selection process, and that this potential conflict of interest is transparently disclosed in the linked adverticle - wait, they did no such thing. Does it concern no one that this security-focused company is shilling f…

Good spot, though not surprising to me.

Worth adding here that it also appears Zcash stakeholders have been internally buying/selling their own ZEC at inflated prices on Poloniex to artificially increase both volume and the market price.

Whilst perfectly legal, it doesn't enhance a "trustworthy" reputation to me.

Re: Keybase chooses Zcash

#118

Post by gtlondon »

Animats wrote: post #57
elif wrote: post #46

Earlier quoted context omitted.

ZEC is currently down 14.24% on the day. 8 days ago, Daily volume exceeded the market cap. I don't think that qualifies as normalized by most standards. [0] https://coinmarketcap.com/currencies/zcash/

"Normalized" is spin control. "Screaming dive" is more like it. From $6000 to $92 in a month, and dropping about 10% per day. Zcash is on its way to joining the other 700 dead and dying altcoins. Right now, it's the 43rd most valuable altcoin, and dropping in rank. Mining is generating Zcash way too fast for the market to absorb. The "market cap" has been holding steady as the priced dropped over 99%.

To be fair to ZCash, the high prices at launch were primarily due to very limited supply and market manipulation. The "screaming dive" is really just heading towards a sustainable price.

Somewhere between $2-$10 is a more realistic valuation (based on other coin valuations) -- it will be interesting to see if the price stabilises once within this range.

Re: Keybase chooses Zcash

#119

Post by ewillbefull »

gtlondon wrote: post #117
pero wrote: post #98

5 hours and almost 100 comments later no one has pointed out that Zcash and Keybase share the same investors. I am relieved that 'Keybase chose Zcash' purely on merit after an exhaustive and objective selection process, and that this potential conflict of interest is transparently disclosed in the linked adverticle - wait, they did no such thing. Does it concern no one that this security-focused company is shilling f…

Good spot, though not surprising to me. Worth adding here that it also appears Zcash stakeholders have been internally buying/selling their own ZEC at inflated prices on Poloniex to artificially increase both volume and the market price. Whilst perfectly legal, it doesn't enhance a "trustworthy" reputation to me.

> Worth adding here that it also appears Zcash stakeholders have been internally buying/selling their own ZEC at inflated prices on Poloniex to artificially increase both volume and the market price.

I don't understand this. None of the stakeholders have even received their money yet; this is publicly verifiable.

Re: Keybase chooses Zcash

#120

Post by valarauca1 »

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,…

>I'm sticking to bitcoin and ethereum

You don't trust ZCash but you trust Ethereum? The coin that's had it's network hard forked and invalidated... what 4 times now?

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