I’ve had my eye on Zcash for a while, and I really like their technology, but I have not invested for the following reasons:
-It looks like Ethereum is going to integrate zcash’s transaction shielding technology at some point. So if the dominant blockchain of the future is Ethereum-like, then zcash will give no additional benefit over Ethereum.
-The Bitcoin developers are very concerned about privacy, even though they haven’t really integrated any privacy technology into Bitcoin yet. However, when they feel like the tech is mature enough, chances are that they’ll either integrate zcash’s technology or something better. So if a Bitcoin-like blockchain becomes dominant, it will probably be Bitcoin instead of zcash, and zcash will have no additional benefit.
In the case where Ethereum wins, I really think Zcash has no hope because the Ethereum community likes to move fast, and they won’t wait around for that long before integrating privacy tech.
In the case where something BItcoin-like wins, it’s possible that Bitcoin Core’s conservatism causes them to wait so long that Zcash can actually overtake Bitcoin’s network effect. Is this the scenario that people who think zcash is a good investment are banking on?
Is there some structural reason why it will be harder than I’m imagining for either ETH or BTC to integrate Zcash’s technology once it matures a little, but before Zcash seriously challenges their market share?