I’m actually wondering if this recent run up was just a bunch of short covering as indicated by lackluster buy volume.
The FATF’s “Travel Rule” seemingly goes into full effect in June 2020. To my knowledge, Zcash and it’s encrypted memo field is the only coin that can be compliant with those guidelines. Zcash’s first halving happens in about a year. I’m getting too caught up in the short-term when it really doesn’t matter all that much. I’m accumulating as much Zcash as I can under $50 and then taking a LOONG break from crypto to work on myself. I’m still young and shouldn’t be on screens this much so I’m doing a massive detox in various areas for 2020.
Long Live Zcash.
Lol dude thats just me Ive been following @kek advice and searching and spicing $zec #zec up on twitter a little
But the text is true, most true is the halo part! Even if its you😉
Edit: good job spicing works🙂
I fear October 2020 is overly optimistic for such a big protocol change to be implemented fully, but significant movement in the right direction will exaggerate the price increase which will come regardless. Could even be significantly overpriced in at that time. You know when something goes parabolic people start doing stupid things with money.
My greatest fear is BTC deciding to enter bear market on the yearly. Lets hope that doesnt happen because I fear even 100% of the coming supply being emitted would not be enough to fund the ECC znd ZF under those conditions. Unless some miracle happens and ALTS totally decouple with BTC.
Contrary to the rosy story being told bear markets are not meant to root out scams. Plenty of great companies died during the tech crash and plenty of decent hard working people have lost a lot. If one were using a bear market to kill the scam coins it would be the equivalent of throwing hand grenades to deal with your cockroach infestation.
The ZFND has funding at current levels for the next 5 years. It is why the bankruptcy part of the contract is so important and really well worked out.
I know nothing about law, but a friend of mine lectures in corporate law and he said its smart. the trademark is effectively a nonrecoverable asset by any creditors of either company. (it also stops one company declaring bankruptcy to avoid arbitration.) - NONE OF THIS IS LEGAL ADVICE!
Oh, what I am talking about is this yearly BTC candle closing below $3000. BTC has been in a bull market for its entire existence when looking at yearly candles and we can only hope that doesnt change this year. If that happens the only logical place for the price is to test the previous ATH of $1200. If ZEC keeps loosing value faster than BTC, which is what it is doing though at a decreasing velocity, It could only be worth a couple of bux. This would not be enough to fund the current development team. That kind of move would bury most crypto projects.
As a side note, LOL even the people that call it zcrash are posting bullish ideas on tradingview.
As they (ECC & ZF) never ever cared about price this shouldn’t matter at all. [ironic mode off]
If price will go to few $, then i will buy myself a whale😎
Sadly this is true. It’s astounding that even after funding became an issue they still don’t realize price is the only indicator of success that matters in the long run. If this keeps up, ECC will end up like Digicash.
They already said that if there is not enough money to develop zcash, then the coin will no longer be of interest and they will switch to other projects where they will receive enough money.
Chilean Pesos or more ZEC?
(More ZEC, of course)
Not exactly. They had discussed pivoting, but ultimately decided to “Go all-in on ZEC”, which was announced during Zcon1. Since then, the ZEC price has gone from ~$110 USD to ~$37 USD, a decline of over 66%. By comparison, BTC has gone from ~$10,000 USD to $8,700 USD, a decline of only 13%.
This isn’t a fluke. No amount of promotion or marketing can overcome the severe supply imbalance created by copying Bitcoin’s emission schedule. Because ZEC is ~7 years behind, there will always be 4x more ZEC mined than BTC on any given day.
What the ECC could do to correct this is time-shift the current emission curve ahead by 2 halvings, so as to match BTC’s current emission. This could be achieved without changing the total ZEC supply by including a one time payment to all miners of 0.75x the amount of ZEC mined to date since the genesis block in the fall 2020 network upgrade, while halving the block reward 3 times instead of once.
Not only would this correct the supply/demand imbalance, but it would have the added benefit of crediting all previous GPU miners with 0.75x extra ZEC. This would go a long way to making amends with potentially thousands of hobby miners who felt slighted by the adoption of ASICs.
Edit This would also credit the Founder’s Reward recipients with 1,575,000 ZEC (an additional 7.5% of the total ZEC supply), which could be directed solely towards the ECC and ZF. At today’s prices that’s an additional $58 million USD. This is the most immediate and reasonable solution to the funding debate.
“all in zec” they still have the rest of the funds, I talked about the period after that, there is no purpose to extend the life of a project that couldn’t support itself, the team will simply switch to other projects, these are not my words. Donation can be stopped by changing demand, now demand is near zero, look at the roadmap for 2020, there are a lot of interesting things and should have been implemented in previous years, for example, ecosystem development, this would slow down the price drop or cancel it
What I would like to know is care taken to at least minimize the effect of ECC and ZF sell offs for funding on the price.
I dont want this to turn into one of those ridiculous coins that churn out news about “partnerships” with google, mcdonalds etc just to pump up the price but there are other ways to impact the price through good marketing for example.
Selling the founders’ rewards is nothing, who cares who sells 100% of the coins, now just 20% of them are not sold by miners. That is why the general issue is not important either, everyone says that a lot of coins are mined per day, that because of this, big inflation and quickly the coin loses its value, but this is not so, low interest and therefore little demand for it, but because besides good technology and there is nothing idea that could be put into practice; this impedes the growth of interest and price.
Now, if this technology is really applied in practice, it will simply be a huge upsurge, but so far neither ECC nor ZF offer a real use scenario except to anonymously send coins (which is pointless because it will not work to save the cost and withdraw everything into the currency without full registration more difficult)
Its obvious to anyone who has done the most basic comparative analyses on the crypto market why ZEC is under performing price wise.
It has only been in a crypto bull market for 10 months of its existence. The accumulation period for the pump to 800 was a month or two. That is why that inital pump was underwhelming. The rest is history the remaining 2 years have been a slow and steady bleed because no money enters crypto during bear markets and the 7500 coins per day put constant pressure on the price. I will post a chart when I get back home I have to go eat something and walk my dog or they are going to find me becoming a part of this computer chair.
I agree zcash technology is worth so much more than zec the asset.