And this one is? 20char
i’m just speculating! there’s others i’m thinking of, but kek.gg
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Oh that would be really nice😎
I have a feeling the eth network might be part of it too.
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have i mentioned really don’t like the emission schedule? was just doing whatever it-is i do …and figured if ZEC didn’t have obscene inflation, would most-likely hold a +$2,000 exchange rate.
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i’d wager - if zooko copy/pasted this quote, and posted it on twitter “zcash is the venezuela of cryptocurrencies. we’re going to fix that.”
ZEC would jump +40% in a day.
~random thought~
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Id like too see zec in top 10 by mkt cap, where it belongs.
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we have a year+ worth of data to analyze now, imo, inflation is obnoxious. it’s one of the top valid complaints i get about ZEC from noncashers.
I would like to ask members of this community, what do you think, how wil ASICs affect ZEC price? Do you think that there will be massive sell-off?
That comment kek has had my head spinning since I read that the other day.
Also not that anyone cares, but it’s my 32 birthday today and I really love this community (even the really whiny GPU miners)
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I would expect the contrary.
GPU miners should be the majority but most are passive and don’t invest time in trading or partecipating on the activitly of coins mined.
Happy birthday man!
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ASICs will probably have a positive effect on exchange rates. a lot (most?) traders have a favorable view of ASICs. shows traders people with deep pockets believe the alt has a bright future. they see ASICs as a step towards legitimacy.
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I cant wait to see, how is asic influencing zec price,.
Just a suggestion. Sell at least the half of your GPUs now. You still get good money and then if the ASICs wont hurt the GPU miners too much you can buy the new generation of GPUs. I mean they are coming anyway, the GPUs, and they also will be better for mining as the actual generation with or without ASICs.
ASICs will be no good to the goal of getting ZCash to everyone all over the world. The greedy speculators want their own nests to be feathered and are turning a blind eye to the real threat of centralization and manufacturing concentration into BM’s hands; which, by the way, is in a Communist country.
“Whiny GPU Miners:” I mine ZCash exclusively and have for a year solid, full time. I don’t like anything else since ZCash offers the privacy it does. I don’t want to see anything that can compromise the integrity of ZCash since I hold everything I mine. I also believe in the value of ZCash for the long term.
It’s really myopic to think that because GPU miners only care about the threat of ASIC because they will lose out. No we won’t. We can just switch to another coin like BTG, BTCP or whatever. But those who are mining ZCash are not mining the most profitable coin and are likely doing it because they see the real value in it while also understanding the potential damage ASICs can do over the long term and how that works against the long term goals of ZCash.
Speculators are fueled by greed, and I want to get rich (again), too. However, I’d suggest refraining from labeling someone or a group with an opposing point of view as “whiny”. Such an exercise in cognitive dissonance is really poor form.
I am trying to keep an open mind about the ASIC business. There is a potential, on balance, that ASIC mining will do to ZCash what it did to Bitcoin, at least where the price is concerned. Maybe it had something to do with it besides the mad speculators rushing in to get some of it.
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Half of the GPU miners posts were just attacking Zooko. Sorry you took “whiny” to your heart - it wasn’t a personal slight against you. But when your conglomerate just sounds like children in a mall crying because their toy is being taken away from them - the shoe fits.
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Too bad then that just about every product in the Land of The Free is manufactured in the same Communist country.
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Seeing how you are labeling speculators as “mad” and “greedy” in the same post makes me think perhaps you want to have monopoly on labeling?
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In all fairness, people don’t seem to care or pay attention unless the outcry is significant enough to warrant it. In this case I believe that the “whinyness” is entirely justified.
Miners constitute the largest group of investors in Zcash. Spending real fiat $ on infrastructure to support the currency and be compensated for doing so. Investors. They are also the single largest group responsible for transactions on a normal basis. Even if your investors are “whiny”, it is never a good idea to piss them off too much.
The ASIC issue will disenfranchise people who were previously supporting investors. They will leave the currency, with them will go the market volume they previously contributed. Reduced volume generally means reduced price. I see this going very poorly for ZEC in 2018.
The normal June Spike: this will be mitigated by what has already happened and since the ASICs will be shipping right around then.
The normal December Spike: this is when they are saying they will be able to get around to addressing ASICs if they do at all (Zcash Foundation has targeted Q4). Again, I don’t see this as positive outcome either as ASICs will be in for 6 months by that point and I think a lot of the existing mining investors will have sold off and moved on by that point. Removing ASICs then would really hurt hashrates and thus more bad news.
I have yet to see a coin have a positive market price reaction to ASICs unless there is a shortage of hashrate and it is in demand (like BTC in Q3/Q4 last year). ZEC has plenty of hashrate and is not in demand for more. In this situation at best we can hope for is flat, no gain or loss. But as this is an equihash community (yes, that matters to a lot of people) it will most likely be negative.
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