I think this is offtopic of this thread. But the answer is yes, it uses the ECC SDKs.
I don’t know if the affected user has contacted Unstoppable, so I can’t state that they haven’t provided support.
What’s even funnier is @zooko is quick to plug it as a first mover for his “spend before sync” beta…
Unsurprisingly Ywallet wasn’t mentioned.
No it isn’t, dude. It’s literally the reason why ZEC is stale. All of this dirty laundry needs to be aired.
I’m taking exception to the statement in the OP, “we built it and no one came.” I’m pointing out that people have come and continue to come but they aren’t happy because Zcash is not good enough and therefore Zcash can’t grow in its current state. It hasnt been built. Sorry that you became a case-in-point in my argument here.
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If ZEC worked flawlessly for the end customer and the general trajectory of the price was up, the “volatility” wouldn’t be so bad IMO. The devfund recipients could do a lot to stem the downward trajectory and dampen volatility, if the devfund orgs would buy low and sell high. We could also prioritize grant recipients planning to hold and circulate ZEC over grant recipients who are going to sell the grants to pay bills and wages in fiat.
Another idea is to make mining harder, bring back ASIC-resistance so that we dont have such a systemic supply problem where big centralized mining operations constantly dump ZEC.
Customer service is also a good theme here. Customer feedback is an invaluable resource and each customer problem should signal the next highest priority for the developers. In the past 20 months, the devfund has been too discursive with big ideas and marketing initiatives and let the core product and customer service slip.
- Make customer service a top priority
- Develop based on what users are experiencing
- Use hedging strategies to dampen volatility
- Prioritize grant recipients who will hold and circulate ZEC to grow the ZEC economy over grant recipients who will pay themselves in fiat after selling the grant
- Bring back asic-resistance and decentralize mining. Make hobby mining great again.
- Use all of the devfund to make Zcash more usable - making transactions, running nodes, mining, developing cool stuff on top of the core …
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it should be simple
- one wallet by ECC; SDKs for everyone else.
- privacy everywhere with stable coins as the foundation of privacy everywhere. USD just makes the most common sense. I pay people in China, Pakistan, India, Ukraine, and other countries. They all want USD!!! The negative feedback loop on the community and an inability to understand customer needs is causing a misallocation of resources.
It won’t be easy, but 100% treasury backed yield bearing stable coins is the killer use case. then copy & paste to euro. and others
- Improve speed and reliability of ZEC. We need vision. The mission:
a “simple, secure, digital currency that protects your privacy. For every day purchase, sending money to a friend, and your favorite crypto applications too.
It’s just not what people need. it might be what some here want. but marketing won’t change the fundamental attributes of zec. and people won’t buy a currency that has a significant and likley prospect of losing money.
we need a currency that
**a) protects our labor as captured by a stable currency **
**b) the ability to transact privately **
**c) instant transactions and sync times **
d) an ability to easily interact with other blockchains and the existing banking system.
zec doesn’t do anything except b). it can never to a) so it won’t ever be good for day to day transactions. especially for 68-80% of the world population who lives paycheck to paycheck.
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Transition to POS and fee based ecosystem.
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Let all the people who want to use ZEC as a political tool or push their ideology on the world leave. it’s bad for the culture of building useful products. ZEC and money needs to be a trustworthy, and reliable store of wealth. I hear the theme constantly from peope inside ZEC that they don’t want to help the rich get richer. don’t worry about who benefits by owning zec, worry about the customers! It’s either zec rises in price, has yield or dies. Worry about your customers first! The best companies focus on their customers!
The zec price, the customers, and many zec holders are saying — zec is not good as a currency for day to day transactions.
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i can assure you volitility is always an issue! it’s the most important issue for people. it’s the achilles heal of your and many’s thesis, it’s why zec won’t work.
and you and many here have to keep telling yourself that because if you accepted volatility as a highly important factor, you would have to acknowledge zec won’t work.
risk is defined as volitility. high volitility = high risk. even if things are increasing in price. money is not supposed to be risky. so zec can never be better than fiat in its current form. i’m referring to USD, Yuan, Euro, Franc; not (historical) Zimbabwe currency or similar out of control governments
it’s clear you and others have no experience in these areas. so this is what i refer to as the negative feedback loop.
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I made that original statement and I will stand by it. Maybe I should revise it to say “we built it, some people came didn’t like what they saw and found something else, while others copied the parts they liked ignored the rest and went on to build other things”. Because that is exactly where we are with this project… it’s stale… and the continuing chorus of “privacy” clearly isn’t resonating with a target market - that is, if we actually had a clear approach to which markets we wanted to target in the first place. Trying to be the be all end all to everyone doesn’t work and hasn’t worked. There are more than enough examples of that in history.
I gave ZEC a second chance, I came back to ECC a second time to try and do what I could to improve things. But quite honestly, when basic user and market research is tossed aside, it’s a futile effort. Work WAS done to engage a user population that was outside of X, outside of the forums, outside of the typical egocentric ecosystem that exists today. The questions should be asked, why aren’t we leveraging that kind of research to find clear product-market fit? Why? Because there are some who flat out believe everything they say as fact, without the actual data to back it up.
I’m being much more blunt because it’s sad that over the course of nearly two years, the narrative on Zcash hasn’t changed much. What has changed is that ZEC I obtained when I first started is now worth about 20% of the original price. The user experience sucks. And even with SbS or whatever other sync capabilities come out, the fact remains the chain continues to grow putting additional pressure on any kind of trial decryption on a mobile or other endpoint device. Proof of Stake is still off in the distance and all the while the coffers are running low.
I will go back to what Josh and others have said. It’s time to take a hard look at the leadership structures and governance structures in place and shake things up. Or let it fail and pick up the pieces afterwards. One way can be done proactively. The other reactively.
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this is what vol is…it’s clearly important to you! it’s also important to ECC and foundation and grants because they sell zec for something they think is more stable.
A stable private currency is needed.
If someone says stability does not matter, it means they don’t understand themselves, and clearly don’t understand other people.
we own an option on the potential for zec technology to be used for a real currency. a 400m market cap is proof it’s just an option value. people developing products with solid teams, a viable business plan and no products on the market get multi billion valuations. so we need the leadership to take charge and refocus on what we and customers need.
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Leadership is more concerned with clicking buttons on a discourse admin panel when they spot a comment that goes against “CoC”.
But yeah let’s keep a banker in charge of a tech project, and a trio of brothers at the helm (no matter how much the overlord seems to “step away from the spotlight”).
Zcash is the poster child of sunk cost fallacy.
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I mean that his was being discussed on its own topic. No need to say everything everywhere.
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Yes!
I created this thread to help herd the same old same old themes of despair and frustration.
How long do we have to endure every other thread being derailed into a lecture about how the current Zcash mission statement is flawed?
ZEC will never serve as private digital cash
When will the -Powers That Be- embrace this hard truth and revise their paper dragon narratives about so for Zcash?