Yes, you are right, Zooko is a typical programmer
He thinks that the world runs as a program
He has no idea about the market.
Over a year, there is no official win wallet. He still thinks it’s OK, nothing bad for market.
Zec lost great value from the very beginning and it is losing more.
1 year ago, Zec worths 120%-150% of ETH, now it’s 35%.
We,all HODLers, are loooosers
no decision is a decision.
As almost 90% of community choose FORK
ZEC will soon lose the community support and will lose more in the relative value.
24 hours later. Still nothing in the way of an announcement that Zcash will discuss and decided, or to announce a position for that matter. Only a passing comment in the weekly round up that such an issue might be decided by a board that hasn’t been elected and currently doesn’t exist in any functioning capacity. I shudder to think how that will play out…far too late to matter at that point.
Your not going to elect a board, organize it, make a decision, and assuming it’s no to ASIC engineer it, test it, and implement it inside 60 days let alone by Thanksgiving. ZcashCo doesn’t move that fast even when it wants too.
Nobody wants to hear more “we need to investigate further”. If you have allowed yourselves to become so disconnected from the zcash community and the mining scene that you can’t wrap your heads around the concerns with ASIC and especially entities like BitMain, then you should probably just stop talking, and start “listening” a little more, as it’s been quite crystal clear the last month both here, github, and in the in /r/zec forum on Reddit what the community position is regarding the topic.
At this point you should have made it clear what the ZcashCo position one way or the other. Smaller and larger coins that are less organized (supposedly) than ZcashCo have gotten their position out…but Zcash can’t even get to the table to even start to decide? Meanwhile Zooko posts are looking more and more like a middle finger troll to the mining community.
By the time you get your collective “stuff” together BitMain will make any decision you may make a moot point.
Posting this again, because I don’t think people understand the control Bitmain is starting to wield:
How Bitmain conducts business: (further down in article)
Isn’t BTC control enough ? Don’t let them own all the “alts”
One More , this was 3 years ago, 2015, and Bitmain was running 10,000 Antminers at just ONE location. This is what you want to compete against? What do you think they have grown to three years later? You are getting the crappy seconds as the article suggests:
I saw that too and was going to mention it when there was discussion of limiting importation and such, the reason they went for it I think it’s because there is Zippo income in that state and way more hydroelectricity when they need
I am not Crypro expert & with my 2.5 Ksol & few ZECs my voice is almost nothing. I decided to mine only a year ago. That time there where plenty GPU on the market also some ASICs. I had around free 5K$ and I was choosing which crypto I should believe & which crypto should I invest. I found ZCash, I read about it decentralization & ASIC resistance. About community I found it like small family with devs who care! Now I feel myself cheated, I believed i bought 1070 nvidia for this purpose instead of RXs I spent here around 9 month, & dont want to leave. This is not fair, if devs would not make anything about ASICS - they are liars , all ZEC sys-m is only about money! Any idea, any support, any community like before! It as mean they were lying since the beginning!
I believe if all and mean all the Zcash gpu miners thru out the world would stop mining right now. Zooko would take notice. And maybe rethink it. If ASIC does start mining Zcash we will lose. So why not stop now and point our rigs to other coins like Zencash or even BTG.
I agree, already moved my rigs off Zcash. To top if off we as a community should choose a time and date to dump all our coins and let this centralized CEO watch his coin crash and burn.
I thought about this for a while, and technically you are correct, though I am sure that is not how you meant it.
By saying nothing they have made a decesion remain silent and look at the pro’s and cons.
It sounds like you believe that silence = Zcash Co is for ASIC, When there is zero official statements , at this time, either way.
IMO By not announcing / making a decision within the first 48 hours after receiving definitive proof that a Equihash ASIC existed they are weighing all options before announcing if they are going to make a change to break the ASIC miner or leave things alone and continue on the same path they have been.
Sometimes silence from someone just means they are thinking.
Save us the duplicity. No GPU will have 10ksol/s mining capacity at 300W in the next 10 years. Even the Titan V only gets 1ksol/s at $3000 (and presumably 225-300W)
Id like to openly apologize for the removed post above, I realize due to the sensitivity of its nature, it could be percieved as distasteful or even offensive which was not my intention, I just feel very stongly for the possibility of an alternate and better outcome to this and I will proofread more adamantly in the future, Sorry
Edit- I told you the metaphors just keep coming guys I felt strongly about this one but didn’t think about it before it spilt out, sorry
So we can sum up…
Zcash team believes that the robotic and monopolistic farms will talk to their friends how cool zcash is? Nope… they don’t care.
What happens now is a sad fare-well summer party sponsored by Bitmain.
It is over. While thinking about a fork and a way to change algorithms periodically i’ve stumbled about the X16R algorithm… you know what? Any coin using it will kick zcash’s anonymous ass as end of June ; )
Donate me a beer when I am right : )
It is also funny to see pro asic guy’s popping up right on time… Ahh… a big advertisement for ASIC… boring. Especially now where everyone knows what happens with ASICS… money goes to china. Yay… decontral… yay… every coin is created equally ? Seriously? This is you “f#######” slogan.
zCash team has no balls. Uninspired without motivation…
… prove me wrong please : )
Last night I sold my zcash and now thinking about changing my rigs from zcash to BTG or Zen or other. If the developers of zcash will continue to keep silence I will understand that they choosing the self-destruction way with asic mining. And they decided to take a short-money from Bitmain against the community, principles and future.
Serously… If you are behind your own project, you wouldn’t let any company dictate “anything” on your product. And driving private miners out is “dictating”. Be proud and kick them out.
Or have the balls to dictate them how to offer those devices… and cooperate with multiple companies at once so there is a legit option for everyone… not just one Chinese company.
Our coin our kingdom - not a playground for Bitmain.
See my earlier post on this. A decision to be made by a board that doesn’t functionally exist, has yet to be voted in. By the time that happens, they actually raise and vote on it the party will already be over. Even if they say “NO ASIC” by the time they get around to actually doing it (after sapling, because no prioritization skills) it will probably be year end…and GPU miners will be long gone. That statement in the weekly round up is nothing but a red herring.