This is all quite amusing…
BTC goes up, ZEC doesn’t, folks think the sky falling. Meh.
This is all quite amusing…
BTC goes up, ZEC doesn’t, folks think the sky falling. Meh.
If Zcash was failing it would not be getting a listing on paybito… Not with their strict listing guidelines… The coin just needs to get itself out of the mud it’s way undervalued IMO…
The ECC is a for-profit company in the US so they are very limited on what they can comment on due to SEC rules. They likely have been advised by lawyers not to comment on the market prices at all so don’t expect them to come here and make statements that could potentially have an impact on price.
If there is marketing or development questions then I would say it’s fair game, but this is the “Price Speculation” thread so I’m not surprised there are no comments from ECC.
or maybe they just don’t care.
Or maybe just maybe this
this is the reasoning behind it…
Here’s why we’re unlikely to get ECC comments that could impact price :-
“The insider trading definition that we are concerned about is the buying or selling of a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Over the last 10 years, the SEC and the courts have greatly expanded this definition, to include trading by individuals whose “relationship of trust” is so remote as to be non-existent…”
"In recent years, the SEC and the Courts have expanded this further, and insider trading can now include trading by the random man in the street if the SEC believes that he obtained the information from someone who should not have the information. "
But note that, since the ECC is not a publicly traded company (it actually doesn’t even have shares because it is an LLC) and ZEC is not an SEC-regulated security, a lot of the SEC rules that apply to publicly traded companies arguably don’t apply to the ECC.
Technically correct, but why take the risk - plus they’re actively working with regulators (which is a good thing IMHO).
They run a tight ship. I’ve never noticed any suspicious price moves prior to announcements (ie: Coinbase) and I quite like that.
its just comfortable position.
we can go as far that any comment, on any topic, could possibly affect the price.
in fact, while obviously ZEC is renewing low’s, falling compared to other crypto, i would love to hear any comments from team.
I would like to see the price going up, but I’m in it for the long haul. I’ll be depressed feom hodling ZEC if we haven’t done much in 5-10 years.
True, ECC is a private company so may not be responsible for things like “forward looking statements” or other such rules. But being in such a position to have influence on the core protocol and making statements regarding market price would certainly be a “bad idea” IMHO, and a sure way to draw regulatory scrutiny.
Still that is no excuse to cut off funding for marketing all completely.
Talking about Insider Trading. If this is a concern that i would await absolute transparency on all funds owned by ECC, Foundation, Stake holders, Investors and so on and absolute transparent adresses that can be viewed/checked by anyone. This would be a real measure against insider trading.
Is there a way we know if ZEC are sold for example if a bug/vulnerability found? Do we know if ZEC are dumped for example? I could list some more at least 10 interesting cases where it would be of interested and could result in insider trading and 2 words on a forum are just peanuts compared to what is possible.
Funding? Do you mean communication?
I agree with users here that the marketing team could certainly use more public interactions with the community and hints of what they are working on. Even if they have to be vague to maintain confidentiality.
0.00932 now. New day, new All Time Low
Or maybe what Shawn said was factually true. Anything they might say could be construed as an attempt to manipulate the price of ZEC…and that would be illegal in the US. Have to remember the rules businesses have to play by in the US can be very limiting, and sometimes just plain ridiculous.
What it is meant by 'their own information of coinmarketcap, coingecko? What kind of information do you want them to deliver?
Legit and not only that but worrying about the price is distracting.
One of these days I’m heading over to Z-HQ to see WTF is going on in there. It’s absolutely mind blowing that there are so many programmers and nothing gets done. Where’s that mobile wallet, huh?
@Lastline It’s not hard to see what they are up to, check the weekly updates: https://forum.zcashcommunity.com/c/weekly-updates
The mobile reference wallet code was just released April 5th (about a month ago) and they are working with wallet providers like Guarda to help them get up and running.