About price
In the short term, this may raise the price, but we cannot avoid bad seasons. ZEС cannot be out of the market, it will be subject to the same trends. Even those people who now welcome this decision can change their minds if expectations fail them. I had a bad experience. I had a lot of Stratis-coins. There was a lot of positive at the very beginning and grandiose plans. But when the bear market started, I saw people throwing everything on sale. The price dropped from 21 dollars to less than $1. It was very unpleasant. Therefore, I do not believe that PoS will lead to high prices. People tend not to appreciate what comes for free. And PoS has just such a model.
Moreover, the ZEC has a model for reducing bitcoin, this implies halving, which means a significant reduction in PoS-rewards. Usually in PoW-coins halving they provoke an increase in prices, (well if you do not believe in my model, let it be an increase in prices based on expectations from experience from the past). But if you analyze PosS coins that have halving, there are everything is exactly the opposite.
We should not build models on the simple belief that people will act differently than they did before. There are objective reasons for this in psychology.
Another reason. ZEC has a limited limit. What happened to the PoS-coins that had a limit (Waves, Nem, Stratis again and others) and reached it? They had to remove the limit, simply because otherwise the motivation to keep nodes from users would have completely disappeared. Yes, they had a limit, but now it is not. Cause? They were unable to get the necessary transaction flow to keep the motivation for keeping the nodes at the expense of fees alone. Ether does not have this problem. As far as we can be sure now (with our low commission) that in 8 years this will not be a big problem for ZEC. What if the price not rises enough? How are we going to motivate the nodes? We will not be able to roll back PoS, we will not be able to increase the limit. We’ll get the problem of Bytecoin.
The reason for these questions is a deviation from the Bitcoin working model. We can’t just say “come what may” and hope for God. We must foresee everything.
One more thought before I forget. ZEC privacy properties are excellent, but few people appreciate them. This will continue until a significant price pump occurs. Crypto market people figure out the reasons later. Then people start talking about wonderful properties. That it is obviously better than Bitcoin and that it may repeat the price chart. By themselves, the properties of the coin will not tell about themselves. Need a pump. And only then, after a lot of people notice ZEC, a cyclical process starts: ZEC gets new users - demand grows - its price rises - hash rate grows - on the eve of halving everyone starts to buy the bottom - after halving the price reaches a new maximum - ZEC gets new users again. This all will happen with PoW. But it takes time.
If we want to speed up the process, then we must stifle the pride of the developer of the best solution and start advertising our product. You need to allocate a budget for this. Does anyone know that every James Bond movie has an advertising budget that matches the production budget? It’s true, check the wiki. We can influence demand if we want. Context advertising on Twitter for the best articles is not expensive. This is a permitted type of advertising activity. There are many other ways of effective advertising. I want to advertise my site in the future on the context of the cryptocurrency in search results. We live in the information field every day, we can influence it.
