vitalik is right. all major cryptos are centralised to some extent. like every human institute. someone controls development, someone have major stakes, etc. including bitcoin, that de-jure not centalised, de-facto - blockstreamcoin nowadays. and ofc including monero. they have no legal entity, but still someone controls main github. foundation. and someone controls major part of premi… err… supply. zcash has difference from above mentioned, that it has dedicated legal entity alongside with foundation, that every decent crypto has nowadays. and thats all. and it doesnt matter much while things are straight and number is up. nobody cares.
its just when number is down, market completely inclines towards gambling vectors, and instead of some demand encouraging initiatives central entity brings up funding issues… here we have a backfire.)
https://twitter.com/MuckZuckerburg/status/1173646253604753408
fantastic advice. i really hate pickled zcash.
Predictions for this week? We’ve already nibbled at $50… looking good to me.
I dont know man I have this bad feeling that BTC is going to poo poo itself. Dragging everything along with it.
Its kinda erie, almost like BTC has stalled against its mkt share - could be the beginning of the long awaited alt season, which would be nice.
a little reminder, what this market came to in 2019, like never before.
and looks like “get along with everyone, including competitors” practice, zcash used to have, didnt end so well…
Thats the biggest beef I have with the ECC and the foundation. Spending funding on Monero conferences is just bad business practice. We can see how they are returning the favor mostly through bad press slander and such.
its not only about monero. its about everyone. bitcoiners, (not)friendly forks, various related actors and ventures, etc. if you are not a trader that gives zero care about any coin’s mid-long term future, time to be at least cautious.
thinking we’ll finally flip $50 to support. could see a bump into low $60s. probably settle around $58 by end-of-week.
ALL ZECLETS MUST PERISH
as-long-as BTC doesn’t shit the bed too badly; wouldn’t fall out of my seat in amazement if we hit $100 range by october 7th.
Its a strong possibility that the ALT bull market will be triggered with the rise of ETH as BTC looses its dominance.
If this happens were golden since miners will be putting away some ZEC for the halving. This usualy happens about a year before halving.
Maybe, but the ZFnd mission is financial privacy so its compatible (even though it stings) - IIRC it wasn’t that much.
Disclaimer - I don’t hold any XMR, I’d rather push wasps up my nose.
I can’t see BTC loosing it’s dominance anytime soon, especially not versus high inflation coins.
Never forget that in 2020 BTC has a halving too. And i think that while our havling won’t have really much impact on supply and demand the BTC halving will have a bigger impact, just logical, naturally and predictable. This BTC halving + our high inflation + BTC dominance in general doesn’t make me feel optimistic the next 9 years for BTC/ZEC in general other than some short speculative break out attempts that will happen.
Are you a bitcoin maximalist?
fluffy’s back on the zcash backdoor FUD.
honestly have no idea why ECC/ZF treats these people with any respect.
also, imo deployment of ZEC/BTC interoperability is very important. just incase exchanges are forced to delist highly fungible currencies; zcash would still be accessible. still doubt US exchanges will delist ZEC since USG had a hand in funding zerocash protocol’s development. which BTW, should be a selling point. if US taxpayers knew they helped fund a cryptocurrency - could increase USD volume, possibly.
fluffy is definitely a dishonest viper. cat seems to talk about zcash just as-much-as monero.
demand and positive narrative can be created for any coin even in inflation period. so it can diminish for every deflation coin. its just one of the valuation and lifetime factors. and it can change rly quickly. in next 9 yeas crypto landscape can be completely changed. lol, even in 2 years all cryptocurrencies can be completely forgotten and mentioned as a failed entities/products/scams of late 10’ era.) depending on trends and events. the only smart way if you want be involved in this is not to overinvest/overbelieve in any single coin and in market at all. at least until/if it matures.
have a feeling we’re going to flip $50 to support today.
No, i don’t like bitcoin, i think it’s a solution for much by today, i don’t like to hold it but i’am literally forced to keep the majority of my crypto holdings in BTC not to loss at money. No idea how to call that, but i’am very unhappy with that fact that i MUST literally must hold BTC and not ZEC for not losing money.
No idea why analysing real todays and tomorrows facts and problems would make me look like a BTC maximalist.