Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
dEBRUYNE
on 02/02/2016, 18:03:07 UTC
Just read the zcash AMA and I came away a bit unconvinced. Some CN related comments in the second page

https://forum.bitcoin.com/post16238.html#p16238

It looks like they are very much set with the 10% "Founder's fee" and being pretty much a Bitcoin code base with zero knowledge for enhanced privacy and fungibility. Because of their non threatening stance and some associated names, they will surely be pushed and positioned over Monero with more whales supporting it financially as well as via marketing and networking.

XMR has so much going for it in every way, just not the cash flow it truly deserves.


If you read the blogpost, you will notice that it's 10% of the whole supply, but actually 20% of the blockreward in the first 4 years.

Quote
During the first four years, every ten minutes 40 newly created ZEC will go to the miners, and 10 ZEC to the founders.

https://z.cash/blog/funding.html

How did zerocash solve the seeding problem anyway?

If it's open source insta-clone it immediately without a "founders fee" and we're all set.

Which seeding problem do you mean? Or are you talking about the initial setup?

That would be possible since it's open source, but who would develop on that then?