Re: [PRE-ANN][EBZ] Ebitz Open Sale - POS - Zero Knowledge Proof - Zcash
I just found out that your tech details are word-by-word copy from zerocash project:
http://zerocash-project.org/how_zerocash_works
man, is it ethical and you use this for ICO??
http://zerocash-project.org/how_zerocash_works
man, is it ethical and you use this for ICO??
DeadBirdzz, because we are doing a new version of zcash using the zerocash protocol too. Please read all the ANN.
We found two big problems: On the one hand, an excessive (more than 20% of the supply the first four years) "founder rewards" to private investors and on the other his disastrous mining solution, not only by the slow start but because a few private investors have access to exclusive gpu miners, which are to ensure them the vast majority of the coins created. While other users will be content with an underperforming CPU miner. So, the private investors are only attracted by quick profits and will be the first to dump his excessive amount of coins to investors attracted by the technology presented for Zcash.
These two issues affected and continue to affect the state of zcash. That is why we want to offer an overcoming proposal without these problems.
We found two big problems: On the one hand, an excessive (more than 20% of the supply the first four years) "founder rewards" to private investors and on the other his disastrous mining solution, not only by the slow start but because a few private investors have access to exclusive gpu miners, which are to ensure them the vast majority of the coins created. While other users will be content with an underperforming CPU miner. So, the private investors are only attracted by quick profits and will be the first to dump his excessive amount of coins to investors attracted by the technology presented for Zcash.
These two issues affected and continue to affect the state of zcash. That is why we want to offer an overcoming proposal without these problems.
dude just a couple posts above
Removing 20% founder's reward is nothing new, zclassic (another zcash clone) already did it. For possible hidden GPU miners, you will just need to change some parameters, so their compiled GPU miner will no longer work, again this is done by zclassic.
If you are going to add PoS to it then it is the only thing i see as new, in which case will you keep Lyra algo or change it to a different one?