your arguments are valid. but imho those factors are taken for consideration in bull market, in bear market they are secondary.
About PoW and GPU vs ASIC. I’m from a country where the price per kW will never give any chance to mine. I’m sure there are many countries in the same situation. Because of this, decentralization will never be able to be achieved…
I sometimes don’t get why we continue arguing longer about mining centralization issue when this basic issue will always affect it no matter what…
PoS however …
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Could be, i didn’t analyse that yet, but on first view i could imagine that these chinese asic miners could have as well a bigger influence in a bear market IF they decide to sell immediatly more and more to drive the price further down to eleminate competition in higher electricity countries. It’s speculation, but a valid scenario in my opinion.
I see it as a valid scenario as a chinese miner with access to 2-5 cents per kw/h has a way longer breath than the 10 cents per kw/h miner. Leave a lone the fact that the access to asic hardware is x% cheaper for them, not even talking about Bitmain which has to pay only the self-price of asics.
Again, there is no evidience this happens, but it’s a valid aggresive option for chinese miners and if used it would have impact especially in bear markets. Every miner they drive out outside china is more profit for the miners inside china.
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I’ve sold every single one Zcash I’ve owned (it might not be a lot now, but it was worth a lot when i bought it). I’ve lost faith in leadership of this coin (not in foundation, they are doing a great job). There is just no room for a for-profit company behind Zcash. In this I agree with statement from Zcash Foundation. I don’t think I will ever buy my Zcash back unless ECC is dissolved and all the power is with the foundation.
Good luck to rest of you holders
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If you don’t mind, at what price did you bought than back? I didn’t await that from you as you have been one of the very bullish people in the speculation threads…
Well it was around 0.019BTC and then some more at 0.014 BTC. I can’t really say I was bullish, It was an act to try to pump the price to my entry.
Zooko talked to Bitmain. That’s it. No one made a deal.
Of course Bitmain wanted (and presumably wants) Zcash to stay ASIC-compatible. That arrangement means revenue for Bitmain. But that wasn’t the reason why Zcash didn’t make immediate changes last year.
This is your truth, but in reality this year there is no resistance to asic, so it’s impossible to say that no immediate changes were made, there was enough time so that the word “immediate” could not be mentioned. I believe that it is right to say that they do not make changes and are not known in the future, therefore, as you really do not know, there are conversations and words and there are deeds where the truth is not clear.
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