Why the fuck is Zcash pumping

[Anonymous No.20907135]

I bought this when it was in the dumps at .038 to trade for monero and now can't find my ledger. Is this shit going to keep pumping & wtf is going on? Halving isn't till Nov

[Anonymous No.20907271]

>>20907135
oh fuck i was mining this shit for years and dumped it all....ohhhhhhh nnnnnnnnoooooooooo

[Anonymous No.20907780]

>>20907135
>peak boomer coin

[Anonymous No.20907863]

[Anonymous No.20907883]

>>20907135
it pumps with link same time, sometimes starts pump before link or after
i expecting link to +20% and to break 10$ as this Shit ZEC having 20% also

[Anonymous No.20907948]

>>20907135
Insiders probably know that Halo is possible and that they solved layer one scaling

[Anonymous No.20907994]

>>20907863
XMR fag spotted.

[Anonymous No.20908018]

>>20907135
Was going to buy more a few nights back but put it off, fml.

[Anonymous No.20908152]

>>20907135
>"privacy" coin
>99% of it's transactions can be tracked by analysis
oh nonononono

[Anonymous No.20908186]

>>20907948
Wait Zcash solved layer 1 scaling? Did they implement sTARKs?

[Anonymous No.20908259]

>>20908152
old fud. move on grandpa.

[Anonymous No.20908278]

>>20907948
Ohhh just read on Halo
>>20907863
Yeah I know all the memes, my plan was to switch to Monero at the halving or when it pumped. IDK now

[Anonymous No.20908279]

>>20907135
maybe the big money needs privacy.

[Anonymous No.20908354]

>>20908278
lol. thanks I'll buy them from you.

[Anonymous No.20908580]

>>20907135
Zcash's privacy is stronger than Monero, it's just that it was too costly to use for the longest time but the tech finally caught up and Monero is going to be phased out.

[Anonymous No.20908634]

Zclassic is an easy x100 from here, the discount at which is trading ($0.2 right now) is too fucking huge

[Anonymous No.20908645]

This is the crypto uncleoldfag and that other little beta namefag were wet over. Itll most likely dump the hardest after the pump is over

[Anonymous No.20908665]

Must be privacy autism af literally no one is publicly talking about this shit

[Anonymous No.20908668]

Zcash is going to $1000.

The cryptocurrency with the most institutional interest is breaking out into it's first true bull cycle. It's been in a downtrend its entire existence --- until now.

and it's very first halving, that which has the greatest impact, is in November.

zooko and vitalik are bros. ETH will probably overtake BTC at some point this bull, and ZEC will come in to replace, as it always was designed to. If you know, you know. all the information is out there.. from satoshi & zooko, to the funding from DARPA and Mossad...

[Anonymous No.20908743]

>>20908186
They didnt implement it yet. They made a base cryptographic breakthrough in the math. Back in November 2019. It has yet to be implemented if possible. Its called Halo.

[Anonymous No.20908861]

>>20908743
Halo is definitely possible, they formally proved the security of the system in an IACR eprint a few months ago. I have first hand knowledge that it's currently being implemented in alpha. It basically solves the trusted setup conundrum and brings major scalability improvements to Zcash that will make it essentially the most performant PoW chain out there. This is a big deal. With that being said, I think Zclassic has a lot more potential. They will keep feeding off Zcash R&D but with no devtax and actually decentralized (no bi-ownership from ECC/ZF). I think it's the real deal because it is trading at a massive discount from Zcash. All the BTCP bagholders capitulated a long time ago. Its all time high is $200 and it's sitting at $0.2. Easily a x100.

[Anonymous No.20909010]

>>20908861
>think Zclassic has a lot more potential. They will keep feeding off Zcash R&D but with no devtax and actually decentralized (no bi-ownership from ECC/ZF). I think it's the real deal because it is trading at a massive discount from Zcash.

Can you explain this further please?

[Anonymous No.20909028]

>>20908634
Thats actually not a bad idea - but was that the one that airdropped to Bitcoin? Kinda liked zcoin.
Ehhhh fuck it I may seriously regret this but I'm back in Monero.

[Anonymous No.20909140]

>>20908861
Yeah I know its possible the Cardano lead DEV that charles guy had a feasibility study for months now he has been praising it in almost every livestream. I am not so sure about zclassic wasnt there some drama a while back? I would rather go with ycash but I dont accumulate clone coins.

[Anonymous No.20909222]

>>20909010
For sure. Zcash right now has brillant technical teams working on the project. That's why they're able to pump out cutting edge R&D. The thing about Zcash is that their privacy primitives are actually stronger than Monero. But for the longest time it was very impractical to use because it was costly to generate a "shielded" (i.e private) transaction. Now this burden has been removed and it's finally ready to blossom. So why Zclassic? Well, as it turns out, Zcash adopted a controversial funding model. For the first four years a chunk of the miners' reward was absorbed by the company and researchers working on Zcash. It was called the Founders Reward. A few months ago, the ECC (company behind Zcash) and the Zcash foundation held a low-key vote adopting a similar funding mechanism (take some money from miners) to fund R&D and project development. Zclassic was launched at the same time as Zcash, with the same codebase and supply schedule. But it is firmly against any devtax or such reward mechanism for developers. It's embracing the Bitcoin approach that can be summed up by "don't fuck with the supply schedule and incentives". Because it is based the Zcash codebase, any improvements made by the Zcash teams is incorporated by Zclassic. So we enjoy the same technology but without the unfair sell pressure from the developers. Now if you look at most forks (e.g ETC, BCH) they always trade at a decent discount from their main project. The really interesting thing about ZCL is that the discount is excessively huge. Right now it's $0.2, that's x450 less than Zcash. My thesis is that this coin is way oversold compared at where it should be (~$5/$10), especially considering it has the same technical attributes as Zcash, but with no undue tax from early adopters and other insiders. I think the market will correct for this very soon as Zcash picks up more steam and people realize that it is a plausible *decentralized* alternative to ZEC.

[Anonymous No.20909263]

>>20909222
WITNESSED

[Anonymous No.20909316]

>>20908743
Aren't these the fuckers who forked to Bitcoin dark? Is this even a coin anymore?

[Anonymous No.20909380]

>>20909316
Yeah I think something along the lines of a BTC fork and they literally "printed" coins to dump in the z pool.

[Anonymous No.20909407]

>>20909140
>>20909028
Ycash is a no-go, it's basically Zcash but with a different devtax which is stupid. If you're okay with a devtax just go with the original. You're thinking of BTCP. Basically their scheme was to airdrop to every ZCL and BTC holder and merge the two currencies. They were scammers and they capitulated a long time ago. Keep in mind they bought at $200 and it's $0.20 now. I think it's way way oversold. Once market adjusts we should be at least x10 from now. ZCL has became a microcap over the course of two years but it kept assimilating Zcash innovations. Now that everyone has capitulated it's a good time to buy. Throw a suicide stack at it anon.

[Anonymous No.20909442]

>>20909380
That's the BTCP folks. What they did was advertise a new chain that would merge UTXOs (i.e coins) from Bitcoin and Zclassic into a single chain. What they did is that + add a bunch of coins that weren't in either chains ("print money" as you said).

[multivalue time point No.20909470]

zcash network sucks ass. i had a TWO week transfer. Dash is almost instant. monero has better privacy fuck zec enjoy the pump

[Anonymous No.20909537]

>>20909407
I dont know why you think a dev fund is bad? Whats the diference between miners dumping and the devs dumping? ZCASH hash dev fee has been lowered and a grants program has been implemented there which brings more development to zcash. REN protocol has zcash because of this it doesnt and will not have zclassic.

[Anonymous No.20909573]

>>20909470
Lol no just no. Ive transfered zec daily it nbever takes more than a couple of minutes.

[Anonymous No.20909596]

>>20909537
I think it's a really poor solution to a real problem. It's impossible to be taken seriously as a decentralized, trustless project when the supply schedule can be messed by half a dozen supposedly elected (on a forum...) committee. Regardless, I think Zcash will pump but alternatives that are more decentralized like Zclassic have a much higher ceiling.

[Anonymous No.20909715]

>>20909596
It literally looks like an absolutely dead coin though. Website btfo, etc..
Do people really care about dev fund?
Zcash mcp = 850 M
Monero 1.5B
ZCL = 1.5 M
What other privacy coins are out and about? Sounds like ZCL has the best efficiency but just because it is most efficient doesnt mean people will use it.
Are there any privacy coins like this that the chinese are buying into big?

[Anonymous No.20909718]

>>20909596
It doesnt have the exchange access or the liquidity of the original chain. Also it doesnt have the security of the original chain. It might not make a difference in a bull market, but development will die in a bear market. I couldnt take thAt chance while I was accumulating. Anyway Im done so lets just wait and hope for the best.

[anonymous No.20909774]

>>20909715
tari

[Anonymous No.20909851]

>>20909718
Maybe, maybe not. Monero is doing fine without any devtax. It's a 100% crowdfunded all the while having inferior privacy guarantees. So people really do care about decentralization and a strong normative rule about not fiddling with the supply schedule. And as you said, we're entering a bull market. I'm not necessarily arguing Zclassic is an excellent long-term hold. But it certainly seem like a worthwile one to see insane returns. My thesis, as I said earlier, is that this coin is way - WAY - oversold compared to where it should trade at.

[Anonymous No.20909889]

>>20909715
See >>20909851 but yes, my hypothesis is that people do care a lot about decentralization and not touching the supply schedule or Bitcoin-like incentive model. The website is up and updated (https://zclassic-ce.com/)) and the project is still maintained, see Github: https://github.com/ZclassicCommunity

[Anonymous No.20910061]

>>20909715
ZCoin seems solid & you can make money with masternodes. The guy that's with that goes alllll the way back to Vertcoin when they were supposed to implement zerocoin tech before zooko had thought about zcoin. Something happened that looked like a scam but wasn't after I dug into it.

Zencash rebranded to horizon. Then there's aeon that's moneros little brother with blockchain pruning / mobile friendly or some shit.

[Anonymous No.20910089]

>>20909715
Also ZCash is outputting 8Kish coins a day going down to 4K after the fork in Nov. Monero is already down to 1K coins a day.
Beyond all the fanboy stuff I think you see OG money go into Monero if/when bitcoin pumps to $200K. You will see retail piling into Zcash though because it's on coinbase / greyscale fund. Pick your team I guess.

[Anonymous No.20910137]

>>20909889
I think Ycash would be a better play just because zclassic really burned it's reputation with that bitcoin dark fork. Ycash also has gpu mining instead of Asics.
Why can't someone come out with a coin that requires the 0 proof zk-snark transfers on every transaction - similar to Monero but with zcoin tech?

[Anonymous No.20910166]

>>20909407
We're the Zcash team and Bitcoin dark not the same?

[Anonymous No.20910213]

>>20908665
They will start talking about it when Marxist mobs start going door to door with bats to redistribute wealth.
>>20907863
Ok I think this meme is retarded but I'm back in the BTC og camp coin and it feels good.

[Anonymous No.20910528]

i have a znode

[Anonymous No.20910724]

>>20910528
I'm kinda jelous - really wanted one of those but want my Monero more. Always figured you hold 10% node returns up to normies in a bull market they would bite hard. Although with defi magic weirdness now like this it may not matter. https://mobile.twitter.com/DeFi_Dad/status/1288380167841177605?s=20
No fucking way I'm trusting Ethereum smart contracts with my real assets

[Anonymous No.20911372]

>>20910724
>https://mobile.twitter.com/DeFi_Dad/status/1288380167841177605?s=20
how many levels of smart contract is this niggas btc on to be earning 30% apy lol

i'm personally too scared to even use renbtc with my btc let alone layer all these other abstractions on top of it.