People come and go, I don’t worry about it. I’m not here for a quick buck, and I’m not married to a coin, I’m married to an idea. The idea is that I’m abandoning fiat assets in favor of cryptocurrency. I do a revision every year to see how different coins fit my idea of the next iteration of money. And having looked around I exhale again and continue to follow Zcash. If there was no Zcash, I would follow Monero. There is no race for dollars in this concept. So I understand your point, but I have my own thing going on.
6 Likes
This thread should be under the Price Speculation thread, but can stay as-is for now.
For any future threads regarding Zcash price/market cap/ etc… please use that thread rather than generating new ones:
2 Likes
The fifth issue relates to the mining situation and efforts to resist ASICs. This was, in my opinion, a massive waste of time, energy, and resources. Additionally, it seemed poorly managed and led to an over-reliance on a GPU-hobbyist mining community. These miners had no real attachment to or interest in Zcash and would mine and dump whichever coin was most profitable that day. Larger companies with significant CAPEX investments tend to take a more conscientious approach to ownership. Just look at the major institutions holding Bitcoin today—they are miners.
I disagree with this part. We ended up following your way by not providing ASIC resistance, and I think the value of Zcash is lower as a result. GPU mining is a great way to gain organic grassroots support and is often the gateway for people with idle GPUs to get into crypto. I also think enabling small scale hobbyists to participate in the network is essential for censorship resistance and network resilience, which is especially important for a privacy project. Large institutions are too afraid of the regulatory risks of Zcash, so it makes little sense to cater to them in my mind.
1 Like
Didn’t we create Equihash to be memory intensive and supposedly fight off ASICs, but it only lasted for a few months/years and then we were back at the square 0?
I don’t know anything about that as I wasn’t very engaged with Zcash then, but Ethereum managed to have reasonable GPU mining until the end of PoW.
2 Likes
I was also in Monero until they were delisted in many CEX platforms, i thought they will not keep the lead among privacy coins. Somehow it is proving that listings from well known exchanges didn’t matter.
Monero is still standing better than Zcash even after they were (Monero) delisted from popular CEX in the US and internationally. So therefore, there must be a culprit somewhere between the lines.
1 Like
There are always many reasons behind any process*. What didn’t turn out to be a disaster for Monero could turn out to be a disaster for Zcash. Monero already has a tailing emission, which implies 0.3 XMR per minute (0.6 per block or 426 coins per day). In Zcash, it was only the first halving and consequently 2.5 ZEC per minute (3.125 per block or 3,600 coins per day). In Monero it could be tens of thousands of scattered CPU miners, each of which does not get even 1 XMR per year, and in Zcash it is 10 thousand ASICs, most of which are presumably concentrated in no more than on hands 100 large miners and each of which gets hundreds of ZEC per day. I see the main reason for the qualitative stability of XMR relative to ZEC at this point.
- Here and throughout this thread, I am giving my own opinion as a individual, which does not represent the opinion of ZCG.
3 Likes
I ended up writing a longer piece given the general’s reaction to the comment.
2 Likes
I did mine Monero also, i see exactly what you mean regarding the concentration of mined coins on the miners side in Zcash.
If you are in mining business, its just a matter of mining and slowly selling while profits are there to take, and it may not be a huge profit but profit nevertheless.
The grater the project is…the greater the fraud is.
Zcash representing the anonymity…the most desired essence of crypto space industry…is involved in stealing BTC from people.
Yhe Zcash project itself doesn’t matter…only BTC matters.
Please open a ZEC/BTC chart and view the graph to see the fraud.
The ECC comoany and it’s creators take full responsibility of this since they are the one that redirect your investment into their pockets as BTC form and they do it under anonymity roules.
Zcash was constructed as BTC coin but has an inverted trading chart with accelerated polarity to sell every zcash and take btc from investors like for example …when launched zcash valued 3BTC and now values 0.00000x BTC.
While it’s a good thing to own zcash to test somehow your freedom…don’t trust the wolf in sheeps clothes!
2 Likes
Thats a very good point.
My question however is that since we are still here hangin, is there a physical or mechanical way to salvation? Or, we just hope for that miracle to somehow make such a great project rise-up from hospice?
Dear all,
As a cryptography researcher, I’ve been quietly observing this conversation. I believe it’s time for me to share my insights on the current state of Zcash.
The journey of Zcash has indeed been challenging, with its share of ups and downs. However, it’s crucial to understand that the path to true privacy and security is often filled with obstacles.
While I empathize with the concerns raised here, I want to emphasize that Zcash’s potential lies not solely in its market position or value but in its groundbreaking technology and commitment to privacy.
The recent integration of hardware wallet support and the continuous improvements in Zk-SNARK technology are promising signs for the future. These advancements, combined with the unwavering dedication of early backers, create a robust foundation for Zcash to build upon.
Instead of focusing solely on the current challenges, let’s consider the long-term vision and the positive impact Zcash can have on the broader cryptocurrency space. I am confident that, with continued development and a strong community, Zcash will overcome its present difficulties and emerge as a leader in privacy-focused digital currencies.
- Akira
5 Likes
The only way to survive this butchery is not to switch to POS so all Zcash will have intrinsic value.
the craving for zcash will start as a store of value since it’s scarcity and what it offers. that is why Zcash didn’t collapsed more.
1.Meanwhile zcash fundation ZF must integrate zcash to all dexes possible so eventually will not need CEX(exchanges).
Maya protocol opens the Pandora Box for dexes on native blockchains. we will not need WBTC or WZEC anymore.
2.Maybe with the new crypto regulations that are coming now in USA…the new legal regulatory system will force tools for verification of CEX Exchanges on the Proof of Holding…because many CEX lie about the asset holdings…literally they make a fake price and dump the market as they please with fake coins that they not own and they are not custodial to them. this will help also USA to conserve it’s investments in crypto space.
They speak about AML and stupidity laws like KYC for everything…this is so wrong…they should focus on CEX Exchanges …that’s where the theft is going on years after years…cycle after cycle…
IT’S SIMPLE: CEX DON’T HOLD THE ASSETS THAT THEY TRADE WITH!!! the bots that you see are fake!
3. Creation of tokens should be considered in other category of crypto space since they are mouse generated and have no intrinsic value. Generated from mouseClicks can have infinite supply thus selling it at any price lower and lower could distroy the crypto space as it already started dilution of the markets.
4. Own ecosistem with tokens and dex on zcash must be implemented…maybe here POS integration could make a difference key…but POS integrated as a consensum of validating transactions not as for block discovery. The block discovery should remain strictly to miners. So a mix of POS and POW is necessary.
5. Descentralisation of Zcash…gradually shift the development to community and not in hands of ECC or other entities. Let the community make the rules and adoptions. This will increase the trust in the coin and will be massively adapted also in other
projects.
6. Although as crypto markets evolve…making 1 store of value in the world as BTC…it is fundamental wrong. there must be multiple store of value coins in this world…not just 1 as BTC.
Integration zcash as store of value is most important thing that can be done and crypto market will gain more than 1 coin as store of value. ETH is not a store of value since is inflationary and is not minable anymore. ETH lost the intrinsic value by switching to POS but gaining in other implementations.
maybe ETC can be considered store of value.
Tokens can’t be considered store of value because they don’t have intrinsic value…it’s created out of nothing. their purpose is to serve to a so called project and that is it.
2 Likes
Very good points.
There is one issue I have though with POW. The cost of electricity in China can be dirt cheap and even some can steal electricity from hydropower to run miners. ViaBTC can just divide into a few branches with diffrerent faces but still commanded by a centralized power that can result to hoarding, dumping and price manipulation.POW is much more controlled in that sense.
If it is POS, and other things implimented like burning of coins and faster TPS, individual wallets from any average Joe can hold and get rewarded. This mechanical change can perhaps change that hospice situation into a lifetime Dialysis, a sure way to prolong zcash’s life by filtering that toxic blood until it gets a kidney transpant for a new life, and a new hope.
1 Like
Hello folks,
I’m back after taking some time out.
Unfortunately I was forced to create a new account because it is almost unbearable for me how certain things develop here.
I proceed as follows.
Topic remuneration:
Zcash Community Grants Member
You work, if you can even call it that
2 days a month and get paid $1700 for 16 hours and demand even more money due to inflation.
Every day more than 95% of all people go to work hard 8 hours a day and 190 hours a month and get paid exactly what ZCG get for 16 hours. These people really add value to society.
Please show me an employer who pays you $1700 for 16 hours of work. You can’t create anything or be productive in 16 hours.
And then you have the nerve to ask for even more money. If you ask for an inflation equivalent, then it is usually paid for people who work a full month, but in most cases no one gets inflation equivalent except civil servants, and if you do get equivalent, you will only get a partial amount for 2 days, so a maximum of $50.
Now we come to the real problem and this must stop immediately and be reversed. You have built up a paid community. Everyone wants to be paid for everything. 99% of all communities buy coins and then actively work in their freetime for free to ensure that the project is successful and the coin then increases in value. That doesn’t happen here at all because the motivation is to suggest some nonsense that then gets paid for.
Every proposal approved so far by the new ZCG members is a bad joke. Either the amounts that have been approved are far too high or the amount, even if it is not really high, is still far too much compared to the effectiveness and the real added value and benefit and this only shows one thing that the whole thing must be stopped immediately. ZCG is a great thing, but not the way it is handled. First of all, these communities of convenience have to be broken up.
“I’m doing you a favor and you’re doing me a favor”.
To ECC and ZF!
The ZCG is completely ineffective, unprofessional and should not be paid for it or have to decide on other people’s money
It is better to hire 1 professional full-time than to have 4 or 5 beginners who each work 16 hours a month.
Dissolve ZCG members and advertise a position.
Then recruit an entrepreneur who is familiar with business management, development and marketing as well as business ideas
This person must not be known by name and must not have contact with any of the members here.
This position is an external addition. A ZCG delegate who works closely with ECC, ZF and the community. The delegate, ECC and ZF must set the direction and know what is important for the project and what it needs, not anyone else.
Of course the community can also contribute ideas, but under different conditions.
We need quality, not quantity. Ideas will be sent directly to the person responsible for the ZCG in the future, then these ideas will be discussed with the ECC, ZF and the community and only approved if the person who submitted their idea/project also has the necessary expertise, skills and proven success in the past. If not, the idea will be rejected immediately. It must also be ensured that all approved ideas/projects can be measured for success. This means that you finally have to make sure and start measuring the success and benefit of a project/idea. If I advertise, for example, how can I prove that it was successful? Very simple, I check whether I sold more products, if not, the campaign was ineffective. A framework must be created that follows exactly this pattern. Only and exclusively projects where success is measurable will be approved. Only then will you really change something and get the quality work you need.
Example: The cost-benefit ratio, I’ll say it openly, they could have burned the money. In other words, it wouldn’t have been noticed if these projects hadn’t been funded, just that they approved over 200k for them.
They approve projects out of sympathy or the hope that they could bring benefits and without being able to actively measure the success or added value or compare what could really be financed for the money.
The best example is Zechub. Yes, of course a hub like this is a great thing, but is it worth approving these people another 200k? If you look at the numbers, visitors or traffic on the website, it’s a shame that they approved so much money again and not a single critical voice can be heard.
I think Zechub should be secondary and I also think that 2 people would be completely sufficient for all future work, even 1 but definitely not 3. I wouldn’t have approved any of these 4 or 5 projects and if I did, then only partially. What I would have done, however, is to see what you could get on the market for the approved funds of over 200k.
Namely, full-time professionals who would use their professional expertise and experience to advance the project and not try something that is based on chance or luck and will not really be measurable and successful.
I would like to say one last thing. What is happening here, especially with ZCG, is so damaging that any sensible investor or user will be put off by it and will not invest any money in this project and will even withdraw it.
It is of no use if the developers do excellent technical structured work but the community drives the whole thing to the wall in the most damaging way possible, whether out of ignorance or incompetence.
Thank you for your attention.
4 Likes
The emergence of ASICs was actually caused because of a misconfiguration of the Equihash parameters, and then the choice was made by the community not to change those parameters (after an extremely contentious debate.) Many of us think that the wrong choice was made there, because we lost a huge number of enthusiasts who had been GPU miners in the process.
7 Likes
1000%. This was one of the worst decisions ever made.
1 Like
my own opinion only:
this sort of more standard measurement system would be great.
what should be measured in Zcash ecosystem exactly that could best indicate the impact of each project? since its a privacy network its harder to measure imo. we could measure transaction amounts, shielded pool size, wallet downloads for example. but none of these can be attached to exactly where this impact came. (for wallets invite codes could be somewhat measurable, tho could be also manipulated)
we need to be more critical, agreed.
3 Likes
All GPU miners should be welcomed to create popularity and spread the coins among many people, instead of requiring special ASICs. Those who can buy such ASICs are not simple people.
2 Likes
one pretty obvious reason Zcash has fallen into the dustbin is that the project never gets stuff delivered in time to get anyones attention… this big crypto bull market cycle is halfway over already and the Zcash teams arent going to deliver anything meaningful until mid-2026… not exactly timely for an industry thats moving at warp speed every month. Josh already has identified delays going through the entire 2025 which means even 2026 is in question now… who wants to stay tuned and invested in a project where nothing really gets done except for putting out emergency fires (wallet spam blasting attacks for instance)
if Zcash is gonna win there needs to be a big change in ways of getting feature built and shipped… TIME is NOT on our sider
3 Likes