With ZEC being a company….and with many statements throughout the last 1.5 years in these forums - on altering or changing the algo if an equihash ASIC was created… if ZEC did not change the algo to eliminate any threat of ASIC… would that not open up ZEC to class-action lawsuits from large farmers? Has ZEC co. consulted with lawyers in regards to not keeping their word?
I mean… . personally I wouldnt do that to someone (sue them… just against my personal ethics)… but @Shawn (dont get me wrong shawn, i love you, your a great guy, not trying to pick on you by any means) has stated many times the algo would just be altered to eliminate ASICs… Shawn is an employee of ZEC co. (again not trying to pick on you Shawn, just using you as an example of a ZEC co empoloyee) there are many people who have invested 100,000’s of $ in GPUs and mining equipement… signed year or longer leases on bulidings… wouldn’t they be able to sue ZEC for losses? damages? @root
of coarse it is important to keep your word of altering the algo… if the word given that equihash would alter or change the algo to eliminate any threat of ASICs was not kept… how can we trust ZEC co. anymore?
once a promise is given… it should not be broken. Keeping equihash ASIC free was the reason why a lot of people trusted ZEC,… had faith in ZEC co… once you loose that Trust with your community… it will be very hard to regain that trust level ever again.
Personally I never sold or traded ZEC… I was a long time Hodler… but due to zooko’s comments… i have started to trade some ZEC for other cryptos like ADA…Stellar… and other coins that I believe have a future (I have enough ETH)… that is all because my trust with ZEC co. has been downgraded over zookos comments… I always had 100% trust and faith in ZEC co… I can’t say I do anymore… ZEC and ETH were always my 2 favorite cryptos for the last 1.5-2 years…
I asked:
“@zooko Do you have any advice on how to alter Ethash so that any current ASIC in development or use would be rendered obsolete? Ethereum + Zcash both should be as decentralized as possible. 1 CPU = 1 Vote. Any suggestions? Helps is appreciated. Thanks”
In response i received this:
"I’m not sure it is possible. Also it might be undesirable, because commodity mining means miners have less at stake and don’t lose much if abandon or betray the project. Also CPU-mining means the people making the money are botnet gangs—not the people I want to have around. "
I just wonder if people who can’t keep their word are worth having around… sorry… I am loosing confidence in ZEC
We believed in ZEC… we were the behind the scenes builders of ZEC… and we can be thrown under the bus in an instant… scary thought…
we are expendable, because it is easier for us to betray the project…
im sorry, but that is LOW… really really LOW.
we did not have a problem paying ZEC co. the 20% founders fee… we literally paid ZEC co. salaries and we get ditched… I guess ZEC wont care cause they will get that salary if its through GPU or ASIC mining right? Money Talks…
Rich get richer… poor get poorer…
It is very sad that this topic even exists.
respect is supposed to be a 2-way street… doesn’t seem that way today with ZEC co.