Quote from: zamatoshi on October 26, 2016, 03:15:48 PM

https://medium.com/@yobanjo/zcash-founders-might-make-60-million-in-first-year-2c9658b2dc5d#.wzw3wjhas

Quote

Zcash founders might make $60 million in first year.

If you really thought Zcash is all about some new cool coin youre wrong. Tim Berners-Lee invented the World Wide Web and gave the technology away for free. No millions needed. Now fast forward to today
In a few days Zcash will be the new hot thing in crypto. A close look at their website shows some interesting details:

Zcashs monetary base will be the same as Bitcoins 21 million Zcash currency units (ZEC, or ⓩ) will be mined over time. 10% of that reward will be distributed to the stakeholders in the Zcash Company founders, investors, employees, and advisors. We call this the Founders Reward.

Notice how they talk about 10% of that reward. The devil is in the details with this one. In the first 4 years the founders will take 20% of all coins mined. Yup thats right, theyll surf the hype and make most money in the beginning. So lets see how this adds up:

At first, 50 ZEC will be created every ten minutes. 80% of the newly created ZEC will go to the miners, and 20% ZEC to the founders.

So, thats 2.628.000 coins in the first year alone And the founders will take 20% of that? Thats 525.600 ZEC even while they sleep and do nothing. If this coin becomes hyped (like the team already tries to do) we might see a $300 million marketcap in year 1 quite easily. Thats $114.15 per ZEC on your favorite crypto exchange. And guess what? The founders own 20% of that. And the bigger the hype, the more they will make. Think about that when you plan on buying your ZEC at a nice price. This thing becomes even more funny when you look at their investment:

With the plan above, a dream team of investors stepped up to fund the Zcash Company, because they believe in our mission, and in the value of this technology for all kinds of people and industries. We have closed a $1M funding round with these investors.

These devs are even more dumb than I expected. They got $1 million while giving away 20% mining rewards in the first 4 years which could easily be worth 60 times that number. And they call their investor a dream team for being ripped off like that. Dont be fooled, this is the biggest scam since Ethereum. A bunch of greedy people talk about decentralization and community while filling their pockets with dumb crypto money.

Dont believe the hype

can someone from team reply please? is this tru? Wy so much money?

It's all true, fact wise. What spin you put on it is another question ....

But one thing is for sure, it is designed to be scarce and expensive for the first 30 days. It will very interesting to see how this plays out.

I agree the founders will be making out like bandits.