Oh ye of little faith.
Thread
Login to reply
Replies (2)
Bitcoin is a shitcoin.
Monero is inferior to Zcash technologically (currently, and just barely even with FCMP++) and overran by Anti-Semites.
Zcash has a centralized pool, and is coded by a bunch of gov loving simps.
Zclassic has no traction.
Idk Goldbacks seems like the only thing that I can confidently endorse at the current moment.
I still use all the other currencies, and I will buy them but I can't in full faith, and confidence endorse any of them blatantly.
Everything else is kind of redundant, I'm sure there's good projects out there but finding them is difficult right now.
But basically right now is a terrible time for crypto, stocks, bonds, etc.
Gold seems like the only reasonable, and logical move right now.
Zcash has a devtax
It has a company funded by US and Israel intelligence community. It doesn't get more easy for the state to influence the code
Zooko stated he believes they can it make compliant. So privacy for plebs from other plebs, but no privacy for "criminals" vs the state
It started with a trusted setup
IP's are not protected even for z tx -> can be fixed
90% of all tx are still unshielded
Supply is controlled by big funds like DCG
Zashi has privacy shortcomings (protocol vs wallet privacy) -> can be fixed
It's still listed in CEX which makes it easy to pump and dump (naked short)
It scales worse than Monero
Zcash has 0 real world adoption outside of speculation by big funds
Zcash has some heavy hitters (influencers) close to intelligence community that only ever talk about Zcash over Monero like Snowden or Naval
Zcash has a spam problem
It has not contributed one bit to P2P markets or adoption
Zcash has the same supply curve as BTC lacking tail emission for long term security
It plans to move to PoS, which hands even more control to the handlers and arguable doesn't make it good money
Just until last week one pool ram 75% of all hashes until the realised that it isn't the best marketing especially if criticng Monero for their 38% miner selfish mining attack, sold as as 51% attack. Since then they split between two pools to make hash centralisation less obvious.
This list is largely incomplete. I am not interested in a company run project over grassroots Monero.
On the pro side
It has contributed a good amount to research
It has good privacy for those who know how to use it
It has benefited other projects like Ethereum and Monero
Competition is good
I would definitely use Zcash over Bitcoin.
I would use it to cash out where Monero is not available if I ever would need to go back to fiat (unlikely).