That’s not POW. Sorry
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you guys have a very toxic culture here
Hilarious statement coming from you. 
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I’d like your take on my questions @Jgx7
no one appears to cares about zec holders. so i’m clearly as a zec holder not in the right group.
i know it’s not just me who has this toxic relationship.
- attacks on the foundation and very clear and obvious issues between the foundation and ECC
- people quitting the ECC to start the Zenate over what appears to be differences of opinion that should have been able to be resolved but resulted in yet another organization to feed off block rewards
- no governance system in place. and this whole “consensus” idea of governing.
The list goes on. hopefully i’ve been consistent in all of my posts
1 i care about zec holders
2. i care about development of privacey based currencies
3. i care about a viable ecosystem. it’s not my way it’s basic economics and long standing principles. they will hold up over time.
but given this communities views, it’s self destructive. the proof will be in the zec price. so it’s one of these things we will know the answer to. it’s not a hypothetical.
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I love how you’re ignoring my questions. Please, if you can elaborate.
Stop being dramatic. We are discussing things that trigger emotions. We all want Zcash to flourish.
Imaging thinking markets are not manipulated. FTX proves my case. QED. Furthermore, folks who are very aligned with digital gold, can very easily be manipulated via folks who can print money. I thought this part was obvious. This is why I’m not a fan of CEX’s… it gives them more leverage to manipulate. Hold your keys, remember?
i don’t get to decide how their regulated. we have to work within regulations. rome wasnt built in a day. so it might not be your ideal initially.
processing transactions in about scale. i calculate it t costs $9 per transaction for zec currently (it could wrong). the transaction costs need to be much lower. i don’t think the zec transactions will ever be high enough to scale down the transaction cost. so that means we need more transactions. stablecoins is the best way for transaction volume and zcash privacey seems like it would be a good solution (except we gave the tech away so maybe privacey isn’t even something we can differentiate ourselves with anymore).
so we need to think of this as a marathon. get in the race and figure out the control issues later if you can’t figure it out up front. but just get in the game!
if you want to bring privacey to all, you have to do it within the regulatory framework.
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I believe the most practical approach to Z-stablecoins will be to interface with the Stellar Network. They’ve already implemented a robust fiat <> fiat layer, which means that for Z-stablecoins the implementation would need to be a programmed manifold layer.
1 ZEC converts to X ZUSD those ZUSD are accounted for by the manifold to Stellar network.
It would retain the ideal of decentralization and permissionlessness much better than any direct custody theories would.
Maybe it’s time for the Zcash Foundation @Dodger etc to pull together an RFP for a Zcash wallet provider to begin working with the Stellar team(s)
Here is where we don’t have to care, if interacting with Stellar Network - because Stellar would be the *trusted settlement layer that assumes the regulatory implementations for the fiat <~> fiat features
In crypto there are existing solutions for fiat on and off ramps, so there is absolutely no reason for our Zcash work to be wasting effort reinventing the wheel again.
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My fear, with current trends, is that if we create it, they will use it to ban the whole platform. Its unfortunate and it really upsets me tbh.
IMHO, this is the one of the good reasons to go POS. Take a look at the Cosmos ecosystem for examples.
This is understandable, but for me, I think authorities will probably never allow it. (Hope Im wrong)
example: UST and LUNA
I think being strategic here is important. Id rather be ungovernable than get into bed .
stellar is fast for tx’s, ive played with it. The problem , as I see it, is that these manifolds / smart contracts / will still have backdoors to freeze funds. Show stopper for any serious crypto user.
An aside, but I have a sneaky suspicion that zelle is using stellar tech even today.
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luna was a fraud. people originally thought tether was a fraud but they survived. the goverment is going to want to eliminate fraud first and foremost.
Governments tend to overreact. Look at the COVID fiasco . 
Current trends are not looking good for our industry in the US.
I’m not sure what u mean about backdoors. The Stellar API is a programmable layer for Fiats, so as long as the Zcash ZUSD interface were also programmable, there would be no backdoor unless the software engineers building the product made one.
It would become some mandate to be legal is my concern. (aka control)
sometimes being strategic is about living to fight another day. i’d rather survive. zcash can’t survive in status qou at 25. I’m just one person, but i’m not hearing anything that gets me excited about owning zcash at the moment. mostly because no one here seems to care about creating an economically driven ecosystem. i answered your questions so answer me this.
why should zcash have any value at all? it has no collateral, and privacey is being integrated into more and more platforms. i have to fear about inflationary issuance beyond 21m cap, and more and they give away the transactions for free.
I don’t think fear of a Speculative Future should discourage the ideals of Zcash today
Stellar processed 3.1 million transactions yesterday! Perhaps they’re waiting for a project like Zcash to build out a privacy enabling fiat-layer.
Among 3 million transactions in a day, I wouldn’t be surprised if half of them wished their details were protected nicely by a zero knowledge, privacy maintaining proof 
Stellar is a 1,000% more relevant crypto peer for Zcash … unlike Filecoin, where God knows how much money Zcash has sunken into that partnership, yet we have quite explicitly nothing to show for it
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I think data will become the real digital gold. Filecoin is probably a good move. Private data hidden from AI
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Having real private cash gets me excited. Other stuff out there… not so much 
Example: Have to pay a bill, send some zcash to a CEX from orchard pool. The public can’t see how much money I have or where it came from.