yes. but it’s strategy has a high chance of driving it to $0. we can’t survive with $9 per transaction costs and we can’t survive by using inflation issuance to subsidize devolopment. how does zec make money?
This is where we diverge. I’m not scared of zcash not working out. Yes its scary, but it will work out when everyone wakes up. This brings up a point about investing. If you invested too much, this yields fear. Reduce your risk.
most of these “platforms” are using older “trusted setup” tech, which while amazing, is not halo2/orchard tech. I’m not as concerned as you here.
hope is not a strategy. this is why it’s almost impossible to buy and own zec with the current strategy. i definitely wont be buying more zec. and obviously will have to sell if a viable strategy is not in place because ZEC is insolvent at a 25 price. it will just take some time but i think we can agree it doesn’t work at 25-30 or probably 40…and unlimited issuance is the only way to fund if things stay as they are. and that will drive it to zero once the 21m cap is broken.
unfortunately i am hoping we get governance and a vision that gets the price up (it is money we are talking about i think) a bad strategy admittedly.
over investing is too. 
Jokes aside, I appreciate your passions and think it will work out.
this is gambling money. i don’t even consider it an investment…but it’s always too much when it’s a loss. as you can tell. i hate to lose money even when taking a gamble
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Honest take 
, for myself, I try very hard to remember money is simply a tool and to not get too attached to it. Hard to do when life gets rough though.
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i wish we could agree zcash is not cash. that would be some small progress. as we both agree, it’s very risky,
it’s not legal tender, and it’s not stable. creating a USDz would be private, stable, and a true version of private cash
and this is why i think promoting zec to poor people is a bad strategy. you just have to put yourself in their shoes. even for something as simple as buying coffee. imagine i buy $5 in zec today and tomorrow its down 5%. suddenly i don’t have enough money to buy my coffee. and if i do this over a few months, and constantly get burned because the price of zec drops before i can spend the coins. don’t you think that turns people off ? and for a poor person, they would likely never do it again, and the same goes for the shop owner who accepts zec. they can actually lose money by accepting it.
so what we call an “experiment” actually can hurt people who can’t afford it. do to see this? maybe we can find a little more common ground which might influence how dev money is spent.
Money is basically ‘an expression of confidence’ - that’s all - people hold it when they believe it holds value, when it doesn’t they sell (or don’t buy, same thing).
Anything that erodes confidence is a ‘bad thing’ - so unlimited issuance, unconstrained taxing/costs/whatever, even worse are broken promises.
Imagine I earn $100. Then I spend $5 on a coffee and choose to “save” $95 for a few years. Then when I go to spend it , I realize that i’ll need to spend more because the coffee is now $15. And then I go to buy a sex toy but am denied because that’s illegal in the location where I live. If only I had some Shielded ZEC to use such that where I live doesn’t matter.
What are the differences between both of our versions?
mine is actually happening. and the ecosystem is designed to drive the price lower not higher
so we have lost countless customers who have lost
money and hurt countless people who could not afford it. mine is real and yours is hypothetical
The biggest difference is that your version of the story represents an extremely rare edge case, whereas JXG posts a common and mainstream primary use case.
It’s lost on me why some people in Zcash ecosystem have such a laser focus on trying to appeal to trivial amounts of edge case users… and yet Zcash isn’t even succeeding at winning primary use case users.
Totally illogical and in my opinion it is a mutation that happened because of the maligned incentives created by the Block Reward (free discretionary money (vis-a-vis ZEC) for the ECC, ZCG, and ZF)
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i thought we were talking about zec price? on an inflation adjusted basis, zec is down to maybe 15? have not done the math
we agree the zec price is supposed to go up! so more common ground i hope. it’s not supposed to go down in price. it’s supposed to go up to protect us from inflation. it’s not. it’s the vision and ecosystem that’s the issue in my opinion.
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Your suggesting using stable coins will win the day, but what does stable even mean if the prices you pay keep going up up up. ? Then, on top of that, you lose the ability to buy what you want because of insert crazy reason here.
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“Stable” is a relative and accepted term to describe Fiats in major developed nations, where commerce happens
Dollars, Euros, arguably Yuan, Swiss Francs et al
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Sticking up for the less fortunate is something I would hope more people cared about. I dont agree its trivial. Perhaps we should focus on why we care about privacy if not for the small use cases? If all you care about is making money, or holding value, other options exists.
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if my wages go up, i don’t get hurt. it’s only when wage inflation falls behind goods and services inflation when you see widespread problems. most people don’t hold their excess savings in cash, they invest.
stocks increase by around 12% per year in the USA and we get 5.5% on short term treasury’s. we use cash for day to day transactions. we need stability for these costs. i dont use investments to buy daily expenses.
stable coins will 100% win. they might change. maybe its the dollar now, or something else in the future. but it will look and act the same as the USD whatever it is….zec can thrive alongside but it will never replace stablecoins. they are complimentary. so zec ecosystem needs stablecoins to survive in my view.
My turn to pull the hypothetical card. Wages dont trickle up …
I have good reason to believe this isnt the case. What is your evidence?
Most poor folks dont have the education nor extra money, to invest.
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