What has gone wrong

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OP of this thread has left the foum and requested their account deleted.

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It has to be said that XMR is more popular. Price is also a key factor. XMR price is steadily rising and is in the top 50 in terms of market value. However, ZEC has dropped to a minimum price of 16, and the current price of XMR is still twice that of ZEC.

Key point: Technology is not the key, community and price are the key, and everyone cares most about price.

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ZCash is indeed much better than Monero in terms of technology, but if you look at the Monero community, you will know that most people are uneducated and incompetent, which also shows that most people do not understand technology, so price and stability are particularly important.

I personally think that Zcash has taken the wrong path in its pursuit of catching up. Technology is important, but first of all, you need a good price so that more people will pay attention to you. Therefore, at least from 2021 to now, the most important thing to focus on is to contact market makers to do a good job in market and market value management, and then talk about technology. Then you will get more attention, your technology will be more widely spread and accepted by people, instead of a group of fools who think Monero’s technology privacy is better. So, the key is to understand ordinary people.

Another point is that experience is very important. After so many years, the official has only released Zashi. Windows for more than 90% of the market, but there is no official Windows wallet. If most ordinary people want to run Zcashd or Zebra, they only have Linux, and setting up cross-compilation for Windows often fails. In other words, they don’t pay attention to ordinary people, and they think everyone can easily get started.

Price stability is also critical. Let’s look at the price of XMR. The highest price in the bull market in 2021 was $520, and the lowest point in recent years was $100 (still because Binance was delisted). It is currently $202. But looking at ZEC, the highest price in the bull market in 2021 was $370, the lowest point in recent years was $16, and the current price was $71.ZEC has fallen more than 20 times.
Of course, you will say that XMR has also fallen 5 times. Please note that it was because of the Binance delisting incident. Before Binance was delisted, it was around $180 and only fell 3 times.
Some people will say that cryptocurrencies should not fluctuate greatly, but what everyone likes to see is upward fluctuations, not infinite downward fluctuations.
There is another point. People hate taxes and miner taxes. To put it bluntly, everything is caused by prices. If the price and market value are high, these pain points are irrelevant.

I have held ZEC since 2020 and have been increasing my holdings continuously until now. I can only say that it is the worst crypto I have ever held. I appreciate its technology, but its performance is too bad.

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we need people who work just work on this. contacting places to accept ZEC.

ZEC integrations and acceptance at merchants. online should be easiest. Zcash is supported on NOWpayments - which is probably the easiest to implement for many websites? Also maybe ZGo

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yes those places like Mullvad should take it straight shielded ZEC

im not sure how we can get them to accept it? make more noise as community also?

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Private Internet Access (PIA) used to accept Zcash, I used them several years ago, not sure why they stopped…

Currently there are others, some automatic, some manual confirmation.

Plus private domains/VPS: https://njal.la/

All listed at https://paywithz.cash/

If you have specific services that you want to support Zcash then it’s best to reach out to them.

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For the sake of argument:

The only explanation I can come to its not really private and those who set these businesses up know that. Who has a vested interest in “privacy services” ? Why hasn’t certain agencies gone after or closed these down but choose to go after ETH based stuff? Confusing!

Hope I’m wrong

All theoretical of course :student:

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Reasons Zcash has become less popular than Monero among privacy enthusiasts:

  1. Transparent pool
  2. No ASIC resistance
  3. Worse “privacy vibes” due to doxxed leaders and incorporated organizations. Also, statements like “We can make zcash too traceable for criminals” didn’t help.
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Point 3 is also important. What they do with their privacy is their business, and major public figures should not express such views.

Although you didn’t AT me, I have concluded that there is only one method, rising and stable prices defeat all suspicions.

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Answers I’ve received from asking merchants to accept Zcash for about 7 years

  1. lack of demand, few/no customers who spend ZEC
  2. lack of easy to use payment processors
  3. general complexity
  4. wallets not working during the last year or two

But there are lots of merchants that do accept Zcash. Why not give them your business?

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If I recall, piratebay was running a monero miner botnet on users computers so it makes sense that they would accept it. That goes way back Crowd-Mining - Your Opinion - #17 by johnwisdom

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:point_up: This.

A merchant has two options:

  • Get a mobile wallet and manually check they got paid to provide the goods.
  • Stand up their own node, zcashd and write their own code that matches orders and payments. A big lift, especially if you’re not in tech.

We built ZGo to address #2 so vendors could just get a mobile wallet, and offload the rest (node, order tracking, confirmation checking) to ZGo. Then we ran into #1, why would they bother doing this, if there’s only 1 Zcasher in town that comes in once a month?

I think initiatives like My First Zcash are super important so we can give well-presented information to people, but ultimately, we need to get as many Zcashers (that are willing to spend ZEC) together to approach a vendor so you can show the vendor there is demand.

This is a very important point. Nothing could help onboard a vendor like another vendor saying “I get X every month consistently from the Zcash community”.

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Actually, you are right about other aspects, but if the VPN service provider thinks that Monero has better privacy, then I will not use this VPN because the VPN service also represents a privacy algorithm. If they can’t even distinguish the real mathematical algorithm, then how can we talk about the privacy protection of a high-quality VPN?

Let me put it bluntly, ordinary people don’t understand technology. Suppose even professional VPN service providers have no technical achievements. In that case, it can only mean that they are not experienced, and even use third-rate scripts from online open source to build services for you and attach a beautiful shell.

Yes, you can see that they accept BTC, etc. They are not concerned about privacy when accepting Crypto, so the choice of XMR is more like they think it is more convenient or more people use it. As I mentioned before, almost everyone uses Windows (even now it is the era of mobile), Monero has always had an official PC wallet with good experience, and ZCash has been around for so many years, and only released a mobile Zashi.

In fact, Monero ridicules ZCash the most for its funding issue, which they believe is the most ridiculous of all the decentralization ideals.

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IMO:

  • Lack of developer tooling and documentation: the recent improvements to librustzcash is basically solving this, but ideally this should have happened longer ago.
  • Lack of usable wallet: I respect all the work that went on Zingo, Ywallet etc but these are clearly wallets designed by developers (developers shouldn’t do UX :rofl: ). Zashi is solving this, but again, ideally should have happened longer ago.
  • Hype and disinformation: Zcash lost the hype battle and I have no idea what could have fixed that, but one clear point is that it’s easier to lie than to tell the truth. Competitors spread a lot of disinformation about Zcash.

And the reason for those things is complex, I think we spent too much time on Orchard (though I’m glad it happened) and later on addressing the spam attack which in turn cost us even more time. Zebra was also a big time sink though again I’m glad it happened. Hindsight is 20/20 though.

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Yes, everything you said is on point. :+1:

They just laugh at the fund, thinking that decentralized things should not allocate any funds to centralized people or organizations. I also have this perception.
But on the other hand, these funds are actually used to develop ZCash. Projects like ZCash are not something that the general community can easily get involved in. You not only need to be a developer, but more importantly, you need to be a mathematician or even a cryptographer.

It is very difficult to win the hype battle when there is no real investment in marketing. “Build it and they will come” is a mentality that was outdated 20 years ago, and it won’t do Zcash any favors in 2025. In order to capture new market share at least 20% of a budget must be spent on marketing. Meanwhile ZCG continues to squeeze and discourage community members that are representing Zcash online and out in the real world. If we are to be serious about solving the problem @conradoplg is pointing out, at least 20% of ZCG’s 2025 budget has to be allocated to marketing, which within the context of our industry means community.

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