As there is a topic “Why did you choose Zcash” i think there should be as well a topic like: “Why did you leave Zcash”, where people leaving Zcash and this forum, like me, can post their reasons.
It’s just time to say good-bye after 2,100+ posts and nearly exatly 1 year after i joined this forum. Without either mining or holding any ZEC today and with absolutly different views than the majority of this forum i think the only reasonable consequence is too leave this forum and the rest of it’s community.
Reasons: (not that anybody cares or even should care)
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Consensus: by today i think POW coins (expect BTC) are doomed to fail. POS designs/hybrid designs got my interest and i have more faith into these projects than into any other POW coin (expect BTC).
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Innovations: I might missing something, but for my taste the next 2 years nothing real innovative is planned. In todays competition which is tighter and harder than ever i really hoped Zcash can come up with something real innovative having in mind the huge budget that is available for the first years.
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Funding: Expiring funding, like with Zcash in 2020, made me realize that a projects that i better bet on projects that have continous funding forever than these that have a premine, limited time funding, only donations. As there is no real statement on what will happen after 2020 with funding i again don’t feel comfortable.
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Foundation lagging: All of the foundation guys/girls are really nice, no doubt. But again for my taste, with so much funding and budget available i think they are lagging way to much, way to slow, not enough commited to real important matters. Reading a post where a foundation member openly says “i don’t care about ZEC adoption” underlines my feeling that there is really no real interest in working hard towards adoption and for the good of ZEC. That’s just my opinion, others might be well over-satisfied by the foundations work, i’am not.
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Price/Marking: Crypto is one of my businesses and not just a hobby. As good as ZEC is with cryptography and it’s real good experts, that bad they are in my opinion in marketing and marketing influencing things/matters. To make it short, marketing is not on the level i would have awaited from a team with such a budget. The bad choosen inflation rate by design does the rest …
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Asics: While i myself did everything to to have ZEC asic friendly, it was the biggest mistake i made since i’am in crypto and i honestly regret all my efforts towards it. It as a mistake to leave asics on the network and it’s even a bigger one to continue like this toward absolute mining centralization. Asics + POW is from my todays view the worst possible combination.
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Ghost Town: This forum has become a ghost town. I won’t speculate about all the reasons but it’s a reason me as an active member doesn’t feel comfortable anymore.
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My personal bearish view: As my bearish view total differs from the majority of the “remaining” community and their “to the moon” feeling/believe i don’t think it’s ok the majority has to read my daily niggle comments and posts. For the good feeling of these forum members this is as well a reason i just leave this forum.
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Governance: To be honest i would have awaited more community involved governance. Unfortunatly it’s obvious that things for the good or bad, are decided by a few without any real community influence. This of course is just me, others may prefer ready to go decisions without elections/voting/discussion…
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Privacy: There is no doubt hat ZEC currently is one of the top privacy coins and this was the main reason i than back had faith into ZEC. Today, more and more currencies adopt just these/similar privacy features step by step and i don’t see anymore the huge advantage Zcash had 2 years ago. This combined with most of the above reasons and the current development makes me believe that the future won’t be as bright as it was until now.
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Ycash Fork: Last but not least, the “friendly” ycash announced fork. Seriously, my opinion is just that’s it’s a money of thin air project, nothing less, nothing more. Having ZEC officials even support this mega ameutirsh nonsens fork just gave me the rest and made me finally totally lose faith into the Zcash project. Good luck with this one …
Hopefully nobody awaited that my last post will be a short one
Finally:
A big sorry to all asic resistance supporters, you guys have just been right.
There is someone felt offended at some time by any of my posts.
And specially for @kek . I will win the bet that ZEC isn’t in the top 20 by market cap end of the year, but as i’am sure you made this bet in fully believing/loving ZEC i do not want the US$ 5,000 (in case i win of course). A nice bottle wine of whiskey will do the job, ok?
Good luck everybody
Don’t delete my account, i might read from time to tome “the to the moon topic” to see how the mood is there
Edited 05. May. 2019: Changed the title of the topic because i personally still make some posts here and there, but without holding any ZEC, without mining, without much faith in the Zcash future …