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#p16238It 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.
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.htmlHow 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.
I gather from the AMA that the seeding problem is "solved" by a process which distributes the seed-generation to a set of individuals, where only one individual has to be honest (ie, delete their portion of the key) for the entire thing to be provably secure. Most people will find this sufficient. Some will not.
Regarding the insta-clone idea, I think we've seen how important community/development/publicity/etc is for a coin, so I don't think an insta-clone of ZC would do much actual damage to ZC. Remember when Counterparty implemented Ethereum? What are the relative mcaps of XCP and ETH again?
Also from the AMA it's clear that zcash is going to have some equivalent of Monero's "Viewkey" functionality.
I think what Monero has going for it versus zcash boils down to:
1) It's not built off of Bitcoin's codebase. In my mind, this makes it a much better candidate for a "backup" top-5 coin than junk like Litecoin, Doge, or Dash.
2) I *think* Zcash still has the problem of there being no way to prove that there's not some bug in the system which is creating new coins. There was no mention of this in the AMA (wish I'd seen it in time to ask).
Thanks. That means it's not solved at all (which is ashame of course, but good for Monero).
I do like they dont have a tail emission (I hate that in Monero, smells like Keynsianism, just secure the chain with fees).