Radical “to the moon” thread

We shall find out if that perfect world will come to be in exactly 3 days.

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SET REMINDER


Can’t wait

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In response to Libre, Barry Silbert doubles down and buys Zcash :laughing: https://twitter.com/jenwieczner/status/1141456272786677760?s=09

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Accoding to Coinlib, we just took back 20th place

“Blake2B means that we could interop with zcash on the ethereum main network,” said James Hancock, one of the three authors behind EIP 2024. “Wrapped ZEC within ethereum, [shielded] transactions, a whole lot of cool stuff.”

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Btc is making nice jump

I could be very wrong, but I think we’ll see a slow decline to around 7k (wont fall below in my opinion), then off to the moon we go. (I think ZEC could outperform bitcoin on the moon run, but who knows)

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Zcash is going to Enceladus

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@Autotunafish apparently Brian Armstrong read that same article, and went on a tweetstorm about it :grin: https://twitter.com/mineZcash/status/1142768779996385282?s=19

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Since i was reading the Zcon news about the new blockchain and the whole article (posted by autotunafish: A radically new Zcash blockchain is being built to serve …) i’am not yet sure what to think about it.

There is a possibility that this is entirely planned for Zcash, enough ECC gets an approved funding beyond 2020 for this.

Than i see the possibillity this will be an entire new project, especially if the dev fund fee doesn’t turn out as the ECC “desires”.

If you read btw. the lines in this article you see there are several “IF” most dedicated to funding. This leaves all doors open to make it an absolute new project beyound Zcash.

Interestingly this article serves good for the dev fee funding discussion. On the other side it raises some valid questions in my opinion:
1.) Entire new blockchain, etc. why do we have nothing of this planned allready but continue to work on the old blockchain, see current NU’s?
2.) IF there is indeed a new blockchain planned that is superior to the current one, it’s indeed admitting that the current one has reached it’s possibilities, is not efficient enough, etc. . Again, why are we continue funding the next years a blockchain that isn’t used at all and/or not competive enough today?
3.) Will Zcash be a project, one of the best ever funded on in crypto, where all the funds were used just to make a new one at the end from scratch?

These points aren’t really Zcash investor “friendly” in my opinion and i would rather name that article/statement a negative signal than a positive signal. But that’s just my opinion after thinking a bit more about it.

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I would hold off on too much speculation on the “we are just going to make a new coin” subject until @nathan-at-least video of the actual talk is uploaded.

The article may not be accurate or lacking context of what ECC is trying to do. As @joshs points out: https://twitter.com/jswihart/status/1142792186678919171?s=09

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Wow, wtf happened to the PR messaging on this subject? Firm Behind Zcash to Introduce New Version of Protocol With Sharding

Now people are jumping to the conclusion that in 2020 when the FR runs out ECC will be moving on to some new chain.

Maybe I should just move this to the Blackpill thread :neutral_face:

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Actually in my post and thoughts i was referring to the article autotunafish has posted, not kek’s twitter re-post.
And there is allready states:

But for Zcash to make the switch, a new blockchain will need to be built from the ground up, says Daira Hopwood, an engineer and product designer at the ECC. Hopwood said the new design they’re working on may well be an “entirely new protocol and blockchain.” Crucially, effort would be made to ensure the value of the native Zcash coin ZEC will be transferred onto the new chain, so that users don’t lose their wealth.

and:

“The people doing the development and coordinating the governance will need to make money,” he said, adding, “I believe that is a way to make an effort sustainable. It’s not the only way. There are other motivations for people to do things. But I think, on a global scale, this is a key motivation.”

Third, Wilcox said that development and governance need to be funded. Currently, the ECC and the Zcash Foundation are funded through mining rewards. These are slated to stop in 2020. He argued that continued funding is necessary for development, but failed to specify how that might work.

That’s why i said in the post you answered that it raises more or less automaticly the question: Will the new blockchain/project created with Zcash included in case there is not (extended) dev fee?

And while reading it again now the 3rd time something i have overseen the first time.
It’s said:

Hopwood said the new design they’re working on may well be an “entirely new protocol and blockchain.

Sounds to me it’s allready worked on this. Maybe as researches, preparation, whatever. Raises naturally the question are there an NU’s, ZIP’s, whatever for this work?

Full article i was referring too:

Exactly, thats what the Twitter guys and articles are inferring: “ZEC privacy is somehow a failure, so ECC making a new coin” “ECC is moving on because FR is gone”, etc… its a lot of bad information feeding on itself.

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I’am not sure if it’s the vault of the twitter guys and articles, i mean they are using as a reference what ECC engineers/employees say and quote it.

Best example:

But for Zcash to make the switch, a new blockchain will need to be built from the ground up, says Daira Hopwood, an engineer and product designer at the ECC. Hopwood said the new design they’re working on may well be an “entirely new protocol and blockchain.” Crucially, effort would be made to ensure the value of the native Zcash coin ZEC will be transferred onto the new chain, so that users don’t lose their wealth.

About the part the ZEC will/can be transferred onto the new chain it’s more vague, will saying effort would be made it isn’t a garantee at all which of course leaves all doors open for speculations, hypthesises, whatever.

I mean if there was a very clear defination on what’s going on we would’t speculate and guess either her, not?

The talk isn’t even uploaded yet so we’ll see!
Or panic thats cool too I guess!

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Bad pr is here already for a long time. Not so much on this forum, but outside on let’s say Bitcointalk, Twitter and other much used Cryptho channels , Zcash is also known as a moneycow for the creators or a Scam as a large group of people will say to make the creators rich. ( To be clear, not my opinion, I think that devolopment costs money, if you pay peanuts, you get monkeys ) The ending of the FR is a given thing, it will happen. Here I agree that the discussion on how to move on started to late and there doesn’t seem to be a road to follow. The time for we could do this or that is gone, time is running out.

About the article, I think the writer talked to members, otherwise he wouldn’t use names as the writer did. For me the mist only gets thicker atm. Personal I read all the proposals made how to tackle this future problem, but can’t say ATM that’s a good one, let’s do that.

the attacks against ZEC right now are unprecedented. i’ve never seen the zcash hate mob act like this. correcting the record on twitter would be a full time job for 2 people.

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i think the positive ZEC post from brian armstrong on twitter spooked some people. that’s when it really started. keep doing what you’re doing ZEC! eventually their deceptive screeching will no-longer matter.

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this is the twitter thread that really started it

would be nice if we got a USD pair, brian.

zcash announces privacy by default, ZEC-ETH interoperability, and the market shrugs it off? ok, lol

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