Hey guys I do not sound inpolite. I really like the idea behind ZCash as truly! anonymous payments seem to be possible (if desired).
I have read the following critical article on the web (https://medium.com/@yobanjo/zcash-hype-getting-ridiculous-2d218a02357) - with 20% of all ZCash coins going to the founders until the year 2020 this sounds like a real threat to the currency itself. Not only because this is likely to be a bit unfair towards miners and traders, but also because the whole currency may drop dramatically or even die if all founders sell out their ZCash in 2019 / 2020. Alright? How can ZCash be a good investement if founders get 20% of all coins?
Very often I hear the following argument against ZCash (this is how Monero arguments against it, but I also heard in some forums - Monero has other disadvantages):
Zcash required a Trusted Setup. This means that you have to trust that the system was set up honestly. If it wasn’t set up honestly, unlimited amounts of ZEC could be created without anyone knowing. This would make the hacker rich and devalue ZEC. There is no way to know if the Trusted Setup was executed honestly. We have to take them at their word. This introduces a human point of failure into the system which is counter to almost every other cryptocurrency. You should only have to trust math and verifiable source code in cryptocurrecies, not humans. As we’ve seen with virtually all large software companies, such as Microsoft, Apple, and even governments, they shouldn’t be trusted.
How can I be sure that the ZCash system was setup honestly?
Looking forward to your answers