It could be the upcoming fork and airdrop of Ycash for all Zcash holders or partly this. I personally have expected this a bit later to come but it could well be possible that it has begun allready.
Is there any more to Ycash than Zclassic?
Time will show, at least Ycash has a funding plan.
Zclassic eliminated the Founders Reward completely. In contrast, Ycash honors the original Zcash promise that 90% of money supply be allocated to users via the free market mining process. To that end, the Ycash Development Fund (YDF) is funded at a rate of 5% of the block reward in perpetuity, starting at block height 570,000. Doing the math, at block height 570,000, 1.4 million coins will have been allocated to the Zcash Founders Reward. That leaves 700,000 coins of unvested Founders Reward. On the Ycash chain, 5% in perpetuity starting at block height 570,000 is exactly 700,000 YEC.
Zclassic uses Equihash(200,9). In contrast, Ycash is committed to mining on commodity hardware. To that end, Ycash’s mining algorithm at launch is Equihash(192,7). And that is only temporary. The plan is to switch to ProgPOW or RandomX at some point after launch.
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if you believe ZEC’s recovering because the ycash fork - i have a citrus farm to sell you in greenland.
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Another one bites the dust
https://www.theblockcrypto.com/tiny/bancor-is-cutting-off-us-users-from-trading-on-its-dex/?utm_source=rss&utm_medium=rss&utm_campaign=default
Swiss based I believe
About Libra, the Facebook stable coin. I’am not a fan of it at all but with this list of where it’s been accepted allready at start someone must admit they did a good job.
It’s mentioned in the article that Libra can be exchanged at regulated exchanges, this could be a positive thing for all other currencies on such exchanges as well.
I have no doubt that BTC will favour most out of it, but others may profit/favour from it as well. Will be interesting to see how (if available) a Libra/ZEC pair will perform…
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i don’t think facebook is going to have an easy time with this. there’s already republicans that are opposed to libra, and now democrats are joining in. facebook doesn’t have many friends in washington. going to be interesting to watch.
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if facebook is allowed to issue their own currency; why wouldn’t liberty reserve types also be able to issue their own gold backed currency too? think congress understands this. if facebook is allowed to issue currency - we can expect to see entities issue specie backed currency. that would probably be the death of all fiat currencies (including fiat backed currency like libra)
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Absolutly agree and as said, i’am not a fan either, but i think it would favour us as well. I mean there is a good chance they are the bridge to more adoption and open more doors for other cryptos as well.
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This is probably the death nail for tether.
Prediction: Look for the big exchanges to remove tether markets completely.
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Probably indeed. But than again. If i had to choose btw. Libra and Theter i would prefer Libra which is backuped up indeed by names that have a real financial background instead of that suspect Thether financial setup…
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Funny part is that Zuckerburg might be reconized in the future as the guy behind “libra” and not the guy behind “facebook”.
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Very interesting analysis and thoughs on Facebook’s Libra including that they plan Proof-of-Stake, didn’t await this.
Another very good article regarding Facebook’s Libra and the positive impact it can/could have:
https://medium.com/forbes/what-facebooks-cryptocurrency-means-6-predictions-1c8cf3ea99c0
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Enjoyed reading this, I share same thoughts about end result (:
and 0,007 btc go go go!
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today’s song!
