Radical “to the moon” thread


#557

It’s easy to lose perspective in a bear market/bull market. We have seen ZEC/BTC go 630% in less than 4 months back in 2017 and I don’t see why it could not happen now… It’s a wild market and anything can happen, just have to stay vigilant to make profits =D


#558

figured i’d post BTC too, since you need that to figure ZEC

don’t think we’ll see sub $3900 BTC again

also, imo 100 ZEC should be the official number. seen enough posts that i belive this might be our sweet spot


#559

If that holds, things should get interesting…


#560

Imo very unlikely without green light from the japanese FSA. Maybe i miss something but i think ZEC, XMR, DASH are still on the blacklist in japan.


#561

They talked about that on yesterdays livestream, sounds like more of grey-list than a black one.


#562

This below sounds to be as black as it can be black. I see no room for a grey nuance here…
From the FSA 5-point-agenda:

The fourth point deals with restrictions on particular crypto species. The FSA has blacklisted privacy-focused cryptos which grant complete anonymity making them popular with money laundering activities. Registered platforms are henceforth prohibited from listing those cryptocurrencies.

I personally have no doubt that as long as this point is valid no japanese
exchange would risk to deal with the FSA…


#563

It does indeed sound very black… yet there was a mention of how the law is actually worded and how thats being interpreted.

I think what you posted was a summary, which wont give the whole story. It’ll be interesting to see how this develops but it’ll certainly be a long road IMHO.


#564

General confusion over how Zcash compliance works I’d bet, certainly wouldn’t be unique to Japan


#565

ZEC has transparent addresses. This shouldn’t be an issue. No exchanges support shielded addresses anyway so it can all be tracked.


#566

Actually there are exchanges that support shielded addresses so, again, general confusion about how Zcash compliance works isnt unique to Japan


#567

I should have said major exchanges. There are hundreds of minor ones that I don’t frequent. Minor exchanges with low liquidity are not such a problem.


#568

Its only a matter of time really, whats true today is deprecated tomorrow, Zcash’s benefits are universal its just people don’t know what they’re doing (wrt Zcash and compliance) or are acting on some other motivation
https://z.cash/blog/zcash-is-compatible-with-aml-cft-regulation/
The money laundering argument is the only one I think, which is pretty weak
(the valkenburg report a couple of dozen posts above is pretty good, concerning decentralized exchange)


#569

I’d also like to say I agree with Zooko on, for now, focusing on Zcash as electronic cash
The pyramids base is the largest, the most accessible and the most important part of the whole thing
dapps will come and Im excited but if they dont last then whats the point? (I know some of you may disagree what with eth and zexe and all but I think the one that is the best at doing what it’s supposed to do will be prevalent)


#570

Since yesterday i have readed and checked a lot regarding japanese exchanges and the FSA.

Here what i found out:

  • Not a single japanese exchange (i think i checked them all), has a ZEC, XMR, DASH, whatever even near to privacy coin. Wasn’t even able to find a Verge pair, just nothing on japanese exchanges that is even next to privacy coins, leave alone pure privacy coins.

  • Japanese exchanges don’t list many coins. Even the bigget japanese exchanges just have 3 - 10 cyrpto currencies and that’s it. Often included: BTC, ETH, XRP, VET, MONA, XEM. Seriously, nearly no other currencies. Seems again to have to do with the FSA, can’t think about another reason.

  • Interesting i found out that some japanese exchanges even have ATM’s in Japan, wasn’t aware of that, but sounds cool. Just as a side note.

  • From about 30 articles, reports, posts i have readed regarding the privacy coins vs. FSA it seems that the FSA clearly forced the exchanges to drop ZEC, XMR, DASH. Made it clear that every exchange listing privacy coins has way less chances to get a license or to get the license renewed.

  • I have readed through a FSA application formular. 100’s of questions there including a lot of anti-money laundering and anti-terrorism funding guidelines/acts/etc.

-The applicant must list the currencies in the application form they want to have on their exchange, mostly the reason why there are only a few pairs and not to run into problems and/or delay approvement by the FSA.

  • From what i readed/understand on the different FSA acts/guidelnes/applicatons i had google translated it is necessary that funds on virtual exchanges must be traceable up to the source/country/person they are coming from and it’s not limited to the source bevor entering the exchange. There was even one example shown with the word: Tracing should not be prevented with “mixing” for example. Pretty sure this was the critical part.

If someone wants to read and translate all these acts/guidelines here the link:

https://www.fsa.go.jp/policy/virtual_currency02/index.html


#571

Btc is making nice move…


#572

#573

#574

yes please @zooko noticed y’all skipped an important spot during your asia tour


#575

“The identity platform will use elements of the cryptographic concept known as a “zero-knowledge proof,”


#576

“I’d like to know how they plan on identity proofing billions of people securely.”
Something like this could be really useful for a local dex, prove citizenship or proximity i.e. your country whilst revealing nothing else (ya know, for regulations)
(And just to be clear so no one has the wrong idea, I’m the one touting for the massively inclusive, computationally meaningful mining protocol that would allow everyone to acquire zcash anonymously)