After a long time i decided to check again how the ZEC fake volume is doing and if it decreased.
Unfortunatly it seems to got even worse. From 700M volume (by coinmarketcap) i could recognize only about 30M as real volume. That’s pretty bad and hurts again. Adoption is still lacking as it seems.
Pretty sure that at some point the “halving-boost” will kick in for a very short time (only possible point i can see someone able to make some short extra bucks). Unfortunatly i’am sure some other whales/investors/speculants are thinking the same, hence i expect a massive price drop afterwards this short spike around halving.
Inflation after halving will be still way to big for the lacking adoption and huge fake volume, easy and simple as that… Too much sell pressure from the miners too. I’am not excited for the next year …
Not to excites about the MGRC outcome either. Again North America centralized, another paid job panel that does the work the ZF would have been able to do themself in my opinion. But that’s just my view of course.
This is not only your opinion, dividing the budget between 3 organizations instead of 2 and hiring more additional employees instead of expanding the staff in important areas is bad no matter how you look, all these loud speeches about independent views are just dust in the eyes, who has the right trademark, and correct work in the direction of both strategic and operational is impossible in 3 uncoordinated organizations. There is nothing practically applicable in the activities on the project, some perspectives for years to come and the importance of the project for all people.
As for the volume, it is overestimated for almost all projects, so I do not consider it a problem, there is no benefit either, of course, it just does not affect in any way, what is your forecast for the maximum price for 2020?
This made me remember something from ZCon1. If I remember right isn’t Zcash/ECC in the middle of creating a brand new blockchain from scratch? The goal is to get off the Bitcoin blockchain (which has serious negative issues since segwit) and creating something new which will help attempt to scale layer 1 privacy.
If this is true, then Zcash really wont have a viable product until that new construction is thoroughly tested and released. Any timeframe for this new release?
FWIW, spent some time with staffers on the hill this week. It seems that the privacy battle is coming in 2021. Increasingly, we’ll see the adoption of private storage that is free from censorship and surveillance, and confidential transactions. Relatedly, I enjoyed the Placeholder thesis. Halo has the potential to ensure scale, while also eliminating trusted setup, which remains an issue for some.
When ZEC will go to at least 120 I will out from this project (not to fix a negative result). I am tired to be ZEC holder, as it is kind of masochism. Your hopes allways break. During all the time it is great ideas on the horizon, but any from it wasn’t implemented. And year to year you are looking at your wealth decreasing for illusion that some day people will open their eyes and realize that privacy is something important (no they will not).
The Zcash benefits are Zcash limitations. From one side Zcash leaded/supported by scientists and they invents something new and it could become new standard for all crypto world. But from other side if ZEC will breaks the bottom they will not be very upset as ZEC is not the aim. The aim is privacy itself and knowledges and the ways could be different.
And as soon as you sell the zec will fly up non-stop, as usual I completely agree with you about the promises, now they are waiting for halo, although in fact there is an increase in performance (zcash does not rest against it and will not be for a long time) and the exclusion of a reliable setting (I think that almost no one knows what it is and how it works, and even if explaining this will not be an incentive for investment) will not change anything, next year, at such a price, the project will face insufficient funding.
don’t worry, zcash will probably underperform for at least another 4 years. next halving should be fun, tho. honestly, ZEC deserves to be punished in the markets for making decisions markets don’t agree with.
been screaming this from the sidelines for years, decision makers still don’t seem to get it.
maybe they’ll eventually change their tune after a few more years of punishment
put yourself in the shoes of a large ZEC investor - what do you think when ZF comes out and virtue signals against boosting investor confidence? what do you do when ZCAP votes in favor of a redundancy, and fills it with unknowns? smart traders (that aren’t emotionally invested) immediately sell, and move on to other projects.
1st thing one of the newly elected MGRC members did was start a “diversity thread”. diversity is a luxury that absolutely doesn’t matter when the project you represent is crashing into the side of a mountain. priorities!!
another unknown lady almost got elected with (off top of head) 3 forum posts, and nothing substantive in any of those posts.
i can continue, but stuff like this understandably spooks traders
It’s not about “virtue signaling” it is literally the Zcash Foundations 501(c)3 mission statement
The Zcash Foundation is a public charity that builds and supports privacy infrastructure for the public good.
As a non-profit they can’t be correlated with trying to manipulate the price of Zcash. And ECC is sort of in the same boat, as a for-profit organization they have to worry about the SEC and other entities perceiving them as trying to manipulate market price.
ZIP-1014 was purposely redundant, making MGRC under the wing and the same restrictions as the Zcash Foundation. One could argue that a completely separate legal entity as was proposed by a couple other dev-fund ZIPs would be more aggressive and independent, and I would agree. But unfortunately that is not where were are at so we have to work with the tools that we have. I’m going to do my best within the framework that MGRC has to help drive Zcash adoption and Z-address use.
(Note that I said “value” as in “value as a useful tool to transact privately” which doesn’t necessarily correlate with market value)
literal virtue signaling - ZF doesn’t need to make any public statements on this subject. your post was just the first one i found after a quick search. ZF has plenty more unforced statements like that. might as well slap your investors across the face with a dead fish. absolutely no reason to do this.
that makes absolutely no sense. this is probably one reason why markets aren’t excited, and completely shrugged it off
@kek I totally understand where you are coming from, you have been around here about as long as I have. All I’m saying is if you are expecting ZFND or ECC to suddenly morph into Justin Sun from Tron making “announcements that they will soon be making an announcement!” to hype the market/Twitter feed then you will likely be disappointed, they have never operated that way.
(Obligatory disclaimer that I don’t speak for or on behalf of ECC or ZFND)
Nobody talks about price manipulation, everyone talks about project development with increased confidence and the price will rise due to investment (purchase), what will you do when the money for wages runs out next year? How many ECC and the fund and now the committee are willing to work for free? I’ve been talking about this for a year and a half, where is the border when we do not pay attention to the price and we have to do something differently we are without money? It’s just that the project is entering a phase when no announcements and news will make enough people buy zcash to keep the price, the project is quite expensive.
After halving at the current price, the fund will have 300 thousand financing and ECC 420, this is enough for work and development, because the strategy to wait another year will lead to the fact that the price will reflect stagnation and will not 55 but say 15 dollars, which will lead to the departure of developers and the death of the project.
ECC promised a lot, and every unfulfilled promise pushed the price down. 1) A statement that they will not deal with wallets 2) atomic swaps 3) Tzec b wzec wrapped coins 4) integration with the ETH network (there is still no access to the infrastructure, but it was promised this spring) 5) Asian market (trips and meetings every year) 6) Working with your own market and developing infrastructure (nothing in 2 years)
Stop looking at things as fanatics, there is no development that will allow you to grow, there is a pumping out of the last investors and that’s it, now another statement for the next year, exactly the same was said about the 2020 year of confidentiality, we see (there are no more people who believe in this) The Large Grants Committee is another idea that will work and everything will rest on the position of the ECC and the release of HALO, which I think will make the entire infrastructure incompatible.
I also intend to sell my coins when the price rises, the project is not promising, in 4 years it will most likely completely change if it survives.
The demand for the project is almost zero, no one uses it for its intended purpose, except for the people who benefit from it (salary, fame, experience, training, and others)
As I mentioned before, I am not privy to how ECC or ZFND budgets for expenses. I would be very surprised if the money for wages ran out next year. According to the transparency report ZFND has a very large savings: “roughly 110,700 ZEC, 46.3 BTC, and $4.3mm USD on hand”
As for your second question, I can only speak for myself. I was a volunteer and working for free for years before being offered a contractor position with ZFND. If ZFND and ECC disappeared tomorrow I would still be around to support the community however I can, for free, and even paying for stuff out of my own pocket as before.
Apologies, this is a market driven thread so I’m not able to provide market price reassurances that you guys are looking for. I only poked my head in because kek quoted me, I’ll see myself out.
@Anton1 has good points as an investor point of view. As i said before i will take profits from next pump and move these profits to other projects that can make more money. But im not exiting zec, i like zec and keep the bag for a while. Bought most of my coins around 23$ so there is room for decline im still hoping to see full someday
: )
I completely agree with you about the promises, now they are waiting for halo, although in fact there is an increase in performance (zcash does not rest against it and will not be for a long time) and the exclusion of a reliable setting (I think that almost no one knows what it is and how it works, and even if explaining this will not be an incentive for investment) will not change anything, next year, at such a price, the project will face insufficient funding.
slap 
im still hoping to see full 
someday 