What makes Monero more valuable than Zcash?
It has more evangelist trollsā¦
Agreed, but you should also ask yourself why it has more evangelist trolls.
no surveillance address on monero
their i saved your 1 hour time lol
Iād argue lack of education on the Zcash side. If the goal is to get folks to actually spend digital money we need to try all anglesā¦ but in the end encryption wins. Late inning games are always exciting
People get attracted to personalities and in-groups rather than technology and facts. Looking for the feel-good and part-of-a-select-group factor.
Education will never beat making Zcash in such a way that you donāt need education.
The issue isnāt the tech or wallets. Zcash is better in terms of transaction speed and privacy than Litecoin, Bitcoin Cash and Monero.
Monero has a big community of avid users and marketplaces.
What we can do more is actually use Zcash. If you have a business, integrate Zgo. If you want a service (say Mullvad) to accept Zcash, get out there and make noise about it. If youāre a developer, build an application or game that takes ZEC.
Canāt expect the world to change unless you do something first.
I liked the idea, creating a game that only accepts Zcash as a currency to purchase accessories within the game itself. The problem is knowing how to create the game and do this integration. I want to learn programming, in fact I already know how to program, but I work with computer technical support.
we can create an entire ecosystem based on Zcash, a decentralized organization, so that no one knows who the developers are, all using codenames, where not even the programmers know each other, without knowing the country, origin, culture, where there are no prejudices , where the only thing that matters is collaboration. I traveled in ideas.
Iād argue that technology is still a problem for attracting mainstream users. Spend latency is still way too high, we have no support for stablecoins yet, and the wallet sync experience is still bad. Iād say all these three are dealbreakers for mainstream users.
For privacy enthusiasts on the other hand, you are correct that technology is not the problem. The reason that Monero won the battle for privacy enthusiasts is because of ideological choices Zcash has made such as not deprecating the transparent pool and giving up ASIC resistance.
what ever you have said now is 100% correct and zcash community can easily solve it by going more towards monero route (no dev fund, no t-address, etc) and solving the latency syncing issue
frost zsa stablecoin (whether regulated or un-regulated) can help the 21 mill security budget also
zcash community just need more backbone
after that zcash can easily compete with others
it has so much potential
was gonna say something, but this honestly covers it.
- Different stages of issuance 462 XMR per day vs. 3600 ZEC per day.
- Mining one XMR on CPU is much more expensive and long than mining one ZEC on ASIC.
- As a consequence, Monero attracts more participants due to better price stability.
Also not to mention that XMR have properties of āStore of Valueā whereas ZEC has never reasonably held up to that standard. At a certain point in time, āStore of Valueā becomes a self-fulfilling prophecy - where people are attracted something because it has a proven track record of going up in value (more buyers/ holders create more buyers/ holders); with ZEC sadly weāve got the opposite, the R&D orgs donāt hold their ZEC, speculators have rarely done well here, and investors remain fleeting.
A critical difference for me is that Monero functionalities are in use and directly serve the need of their users and merchants.
In zcash, we have a multitude of tech that is not fully deployed and that makes doing the basic actions difficult.
- For example, UA are not understood by exchanges and multi currency wallets.
- Proper fee calculation is done by only 2 mobile wallets.
- Diversified addresses arenāt used much.
- etc etc
In my opinion, zcash is much too theoretical.
āa multitude of tech that is not fully deployed and that makes doing the basic actions difficult.ā
Yes, the level of UX realization of technology is low, which is why I am unsatisfactorily with this poll of ZF.
What is the UX execution level of Zebra, Frost, ZCG support, Community support, PFP? They are all essential, but it seems no different with 4 years ago for normal users.
For 8 years, currently, only Sapling update is a huge valuable feature for users, making mobile wallets useable at first time. Orchard update paves the way for the future, not now.
āPrivacy is normalā is not enough, Zcash should be usable enough.
Tbf, this is even worse in Monero, yet the price is more or less stable.
yea zcash need to be more practical
and zcash tech and proper fee calculation should be mandatory for all wallet
and should be enforced by protocol layer
Thatās because of the ideological choices that has won them the support of the majority of privacy enthusiasts. Their technology will prevent them from gaining mass adoption among mainstream users who donāt care much about privacy.