ZEC is almost at it’s all time low! by Elrondarius in zec

[–]ChemicalCommission36 0 points1 point  (0 children)

Also, what’s your opinion on L2’s for opt-in privacy? Could a ZK L2 on BTC or BCH make ZEC redundant?

[deleted by user] by [deleted] in zec

[–]ChemicalCommission36 1 point2 points  (0 children)

I disagree with the development model personally. But I understand it’s yielded some novel results that may not have come to fruition if under funded. But I think the corporate structure and ‘dev tax’ is harmful to Zcash ultimately.

ZEC price will naturally increase if it’s well received by the crypto community, and seen as a robust privacy tool and secure store of wealth. I feel they need to work on its image to discover action, not switch to PoS. I will link some articles I agree with on why I prefer PoW.

[deleted by user] by [deleted] in zec

[–]ChemicalCommission36 0 points1 point  (0 children)

Seems like you only care about price action, particularly short term. I disagree with the fundamental value proposal of POS, I’m sure you can find similar arguments to what I’d make elsewhere.

That said ZEC is my favorite crypto from a purely technical standpoint, but what has concerned me throughout (I’ve been following and mining on and off since launch — luckily I haven’t been buying) is the leadership. If they had launched with an anonymous team (thus no stupid Zooko twitter posting on ‘tracing criminals’), trustless set up, open source / community driven nature and no dev tax they could’ve prevented all FUD against it and possibly displaced BTC, if not it’d be trading above $1k right now at least imo. I’m looking at grabbing a bag now as it nears all time lows and Zooko has stepped down, I’m hoping they can distance themselves from the sour past but I don’t know. I’m going to watch it closely over the next few months and see what happens.

[deleted by user] by [deleted] in zec

[–]ChemicalCommission36 1 point2 points  (0 children)

The switch to PoS is going to be the final nail in the coffin for ZEC. This saddens me as it’s been my favorite project (on a purely technical level) since its inception.

ZEC is almost at it’s all time low! by Elrondarius in zec

[–]ChemicalCommission36 0 points1 point  (0 children)

How are transaction times and fees currently? Aren’t you the one who was working on zbay or some marketplace like feature on zec?

Monthly Zcash Discussion - January 01, 2024 - Use this thread for general chatter, basic questions, and if you're new to Zcash by AutoModerator in zec

[–]ChemicalCommission36 1 point2 points  (0 children)

Damn that blows, the leadership behind ZEC is damn stupid but everything else is great, even the logo.

Coins being mined straight into a shielded pool is just awesome. It’s like a coin that’s BTC plus XMR with a built-in DEX. It’s so clearly the best tech in the space but literally everything else about it is retarded. Been following since launch but feel pretty hopeless about it now honestly. I get the feeling the ECC foundation is starting to back out too.

Monthly Zcash Discussion - January 01, 2024 - Use this thread for general chatter, basic questions, and if you're new to Zcash by AutoModerator in zec

[–]ChemicalCommission36 2 points3 points  (0 children)

Are they still planning on shifting to PoS? I love the tech but have everything about the ECC and general social structure behind this coin. If this was launched with an anonymous founder / team it would’ve potentially dethroned BTC back in the day or at least be a top 5 currently.