Re: [XMR] Monero Speculation

What potential conflict of interest were you referring to? What do you believe to be Roger Ver's true motive? Do you believe he made a substantial investment in Monero, which was more than in any other altcoin?

Roger Ver is an investor in zcash: https://z.cash/team.html

I've just been looking at the zcash site -- they all seem like a very shiny bunch, about as far removed from the ideals of the early BTCers as you could imagine. My first impression was...the Apple of crypto and it makes me wonder why such a bunch would be interested in privacy. They seem quite forthright that they are in it for the wealth.

But I suspect a lot of funds will flow from the PnDpers who will see a ground floor opportunity.

I just don't trust them. A "legitimate" anonymous cash, in the end, I just don't think will be anonymous. You can be sure the agencies are following them closely, if not involved (though I do believe the source will be made public?) I just think they must have been compromised along the way - we are talking enslavement, I mean money here.

I'm sure a lot of work is going into here: https://z.cash/blog/auditing-zcash.html

Yes, I completely agree with those thoughts. There is something of a disconnect as if you are being sold something illicit by a bunch of people who work in the criminal justice system.

What seems so disappointing is that so many* of the younger folks here seem ready to follow this rather than XMR.

*completely anecdotal judgement based on a small and unscientific sample

Heavily premined coin plus the fact you need to trust them 100% to have destroyed the initialization seed made me decide to not buy Zerocoin at all. Even though purely technical it's math is superior to Monero. But with Moneoro I don't need to trust anyone (let alone untrustworthy people!)

You and I might feel that way but will the rest of the market? ZCash will be the New Kid in Town and, as such, the Poloniex kids are going to love it. The market thrives on shiny new coins and ZCash will be the shiniest of them all given the money and backing it has.

I admit that I'm worried it will affect Monero's recent rise.

Yeah, there will be that new interest for sure. And even some larger money might move in. Really hard to predict where this space goes but I get the feeling some "directed money" is going to be a distraction. If that seed is at all compromised, and who is to say they can't Patriot Act their way into it, then it can be the perfect Trojan Horse for a continuation of their Surveillance State.