Why did you choose Zcash?


#41

Zcash team is quite young, aren’t they?


#42

Kinda agree with you. BTC has a lot of weak points to work on, meanwhile, other currencies might overrun it


#43

I heards that Zcash methods to ensure privacy were called doubful. What do you think of it? Just a rumor?


#44

Yeah, I think so, young and promising


#45

I think that’s what we are witnessing right now


#46

Why doubtful? Never heard of that before


#47

Have you watched any interesting interview with them? Let me know if you did


#48

Anyway, BTC enthusiasts are still numerous! It is understandable, as the price depends on the market sentiment


#49

Private transactions are very attractive for money laundering and other similar things, so regulatory bodies are looking closely to any platform that allows tranfering a huge sum of money without disclosing the information on its sender


#50

Yeah, I even do not know if there are such companies left at all


#51

Nope, have you? Need to google :slight_smile:


#52

Reasons:
(1) privacy-aware digital currency is needed
(2) backing by academic papers and research
(3) backing by Zcash Foundation
(4) support in OpenBazaar


#53

I was talking about a random team, not only professionals can create a good project


#54

Zcash, for all I know, offer fully anonymous transactions


#55

I do not know if it can be the number one reason to support a coin


#56

That’s true, but they need quite a lot of money and the mentors’ support


#57

I really do like Zcash features for anonymous Z transactions. While others have not implemented the algorithm of zero knowledge I personally do not see any alternatives.


#58

I think there are some others, it is just that Zcash is more popular.


#59

Depends on what you need. For example, to make a faster transfer, you won’t need anonymity, but in case you are sending a looot of money and don’t want others to know… :grimacing:


#60

There are some crypto forums or something like that where young teams can present their projects and have a chance to win money for the development of these projects. I know that South Korea actively supports young start-ups