Suppose that zcash costs 1 dollar, then the entire money supply on the market is about 7 million, while developing a month requires 1/10 of the entire money supply, is it really possible to collect such a volume? No need to abstract from cost, the higher the cost of the product on the market, as well as the high demand, the better, the company improves the product, but without a final cost sufficient for self-sustaining it makes no sense, whatever the product is not intended.
not sure what you mean by āmisalignedā.
chart you posted is a different timeframe.
zcash wonāt replace the dollar if zcash is worth $0.01
in order for zcash to grow organically; people need to be taking about zcash in a positive manner. with GPU miners gone, and ZECās anti-marketing campaign, traders are the next best option. problem is, outside of a few elite traders; traders thatāve risked money on ZEC have had their heads chopped-off.
Looks like yours shifts ZCash by about 6 months in relation to Dash and Monero. As I have shown, if you align the dates, you will get similar patters. This isnāt surprising of course. All we are seeing that ZCash, Monero and Dash follow the general market trend.
Thatās absolute BS .
Bevor commenting on charts someone has to understand charts and graphs first. The mistake you made is that you used a linear scaled graph and not a log scaled one.
Or simple, on your graph the values are just shown independed from each other for a given time frame. This can work out IF there are no unnaturally spikes but unfortunatly ZEC had at the start an artificial price at release that messes up the graph later. To avoid this you have 2 options:
- remove the initial spike from the graph (still not accurate but better!)
- use a log scale graph (best option)
Itās amazing how a lot of people make financial conclusions without even nearly able to read and analyze simple charts and graphs (just in generally!). Someone has to understand that market cap is the result of circulating coins/tokens x price.
Here the correct charts for ZEC market cap versus ZEC US$ price
Linear Graph with removed initial high ZEC price:
ZEC Log Scale Graph:
DASH Log Scale Graph:
Monero Log Scale Graph:
Now you can compare them correctly
would you mind not shitposting in this thread, al?
side note - believe we already missed a chance for NU3, and donāt think thereās enough time to research/write up a ZIP for a non-invasive way to change the curve in time for NU4. iām viewing this as more of a thought exercise at this point.
sorry, thought it might be helpfull to correct your total wrong and missleading graphs. I wasnāt aware you prefer wrong data for your propaganda, sorry statler.
Thoughts on thatā¦ freshly mined coins have to āmatureā before they can be shielded which has to happen before they can be spent. Increasing the number of blocks to mature coins would address that. Miner still gets coins but has to wait longer.
Still think its not necessary, but thats just my opinion.
This has very very minimal impact and would delay things only for a very limited time.
For example if it takes 1 week to mature coins and than exactly 1 weeks everything would be old style again as daily the coins from a week ago would be fully available to spent.
If the maturity takes 1 month than after 1 month the effect vanishes and so on. Not really a slolution to fix anything.
Depends on how its doneā¦ for example, the last byte of the block hash could be the number of days before coins mature, extreme case & silly perhaps but itād slow new coins getting into circulation.
<grumpy>
Instead of pissing on every comment, why not make a better suggestion?
</grumpy>
The maximum effect it would last would be again the maximum highest possible number in days. If itās for example 60 for 60 days than the effect would hold only 60 days and after this the released coins would be exactly as it was bevor. You get only a short break for as long as the FIRST ātime lockā is.
Itās not pissing, itās showing how it would work out in reality. Itās not my vault if a given suggestion has only a very temporary limited effect. And itās not my opinion, itās simple mathematics.
I canāt count how many times i have posted that the emission curve is designed without and further deep thoughts on how it will work out, especially for the founders reward itself. It was designed with some interesting intention but it doesnāt work out, obviously.
The only possible option to reduce the emission curve would have been to include it with a major upgrade/update/chance in the past. It just doesnāt make anymore sense to change while the Founders Reward is expiring at the same time because the only thing that would justify such step would be a founders or developers reward that ensures continued development. As none such is on the horizont after 2020 there is no reason to change the emission.
And just as a side note, while you many of you guys call my posts pissing and shitting i just adress the problems i see coming.
When i first mentioned all the fake volume months bevor it was picked up my media i got attacked.
When i mentioned that the ending founders reward is a bigger problem than the halving is positive, i got attacked.
When i mentioned for months now that the biggest problem actually is the emission curve and inflation, i got attacked.
When i wrote that naturally with this emission curve the BTC exchange will drop at least to 0.007, i got attacked.
No rocket science at all, enough you guys stop calling everything pissing and shitting that isnāt to the moon but adreses serious design flaws.
I remember when you were a paid bitman shill, lol.
I think a lot of people get lost in how you say stuff and not what you are saying. You have a very direct way of speaking, probably due to English being your second language. dunno, you might just be a very direct person
Yeah, lol, seems these days āMonero trollā is fashion here.
I know iāam a very direct person, itās indeed the case. The language barrier is not responsible for my directness, only that i have to write a lot to compensating for missing words that would explain things way shorter.
As an individual ASIC miner, Iām strongly in support of changing the emission curve to reduce inflation. At current market prices for ZEC, ASICs are already barely profitable for individuals, and since Innosilicon and Bitmain control the majority of the hashrate they are continuously dumping vast amounts of ZEC to the detriment of the entire community.
Itās my opinion that instead of trying to fork ASICs off the network, we should instead look to reduce the current emission to such a degree that itās no longer profitable to mine ZEC even with extremely low electricity prices. That way large farms will have no incentive to keep mining and dumping coins for instant profit. The result would be that any miners left on the network would have no choice but to hold their mined ZEC rather than sell it.
Not only would this deter large miners and future ASIC development, but it would almost certainly stabilize the ZEC price in terms of BTC. This may lead to faster price appreciation in terms of USD, and potentially alleviate some of the funding concerns of the ECC. With about 30k ZEC in their reserves, a doubling of the ZEC price would result in an extra year of funding.
I believe in order to achieve the desired outcome, a significant reduction of the block reward is required. A reduction of the miner portion from 10 ZEC/block down to 2.5 ZEC/block should suffice. However, I would add one caveat that the Founders Reward portion should remain unchanged at 2.5 ZEC/block so as to not disrupt the current funding of the ECC.
I hope everyone can give some feedback on this idea, because I would like to write up a ZIP for NU4 and the deadline is approaching fast. All criticisms and suggestions are more than welcome!
Perhaps a stupid idea, but here goes :-
With BTC thereās OP_CHECKLOCKTIMEVERIFY which makes funds unspendable until a certain point in the future.
How about freshly mined coins that are NOT founders reward have to have that? Perhaps 10% spendable immediatly but the balance slowly maturing over the following (choose a timescale, maybe a long one that changes over time)
It would really annoy the miners, theyād be hodlers by default
Time locking has definitely been discussed, my idea way back for a consensus mechanism change involved a sort of timelocking as part of it (along with a bunch of other stuff )
Thereās quite a range of ideas now - selecting the best features from them would be interesting.
I donāt think time locking would be sufficient since it just kicks the proverbial can of inflation down the road. After the lockup period, the coin supply is the same. Whatās different about my proposal is that it would fundamentally alter the available coin supply in such a way that it benefits everybody except the largest mining farms and Bitmain/Innosilicon. These firms are sucking the life out if Zcash by selling their mined coins for BTC or USD. This needs to stop if Zcash investors are to ever have any hope of making money.
There seemed to be utter contempt for cryptocurrency investors among the attendees of Zcon, so Iām not particularly hopeful this will receive support. However, mass adoption absolutely requires that retail investors see profits. The single biggest source of organic user growth comes from people bragging to their friends and family about how much they made on a given coin. But who in their right mind would buy a coin thatās previously been nothing but a losing proposition?
The āburnā concept (in some of the proposals) basically does this too, whatever amount a miner burns just doesnāt get created then so less comes into play per block and mining extends further into the future i suppose
Would like to see zcash abandon the halving altogether and shift to a constant emission. Canāt see how someone two generations from now is going to look back at the distribution of coins and think itās reasonable. Reading the comments above looks like everyone else would disagree though (aside from tromp).