Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency
by
muf18
on 18/06/2017, 12:38:24 UTC
What are you talking about 13% fees? There's a known funding model, set out in the Whitepaper, 3.5% for devs, 3.5% for secure nodes, 5% for DAO, which makes a total of 12%. This to me is the major STRENGTH not weakness of ZenCash. I also thought it was fairer to all parties than a straight up 20% going to devs as in Zcash.

What centralize solution are you talking about? This is a distributed proof of work coin with an ASIC resistant mining algorithm. In what sense is it centralized visa-vis other ASIC resistant coins? How are nodes centralized if they're private people staking their own ZenCash?

I think criticisms of ZenCash should be made, but ones with a basis, like the poster before you, rather than one's just made up.


What I like (more like liked - in the past), about this project was incentive and looking promising with new features.
Now it's looking bad, because - dev gone, fees (almost 13%) and centralized solutions, it wasn't meant to be another ZCash, but it's getting to this point - even praising ZCash, which definately isn't what cryptocurrenies/assets, decentralized should look like.
But seems like they are trying to push it that way. I will always go anytime with decentralized solution and open-sorce, community driven, than centralized, and fees driven. And I think that most of the real cryptocurrency users and fans believe and go with such solution, than centralized, nodes setup.

Decentralization not centralization is a way-to-go.
Ok, I was wrong, about 1%, so what? 12% is still a lot of when people don't want to give 1-2.5% for dev fee for miners or 1% for mining pool.
And as we count we see = 100% mining - 12% dev coin/nodes/dao - 2-2.5% dev fee miner - 1% pool = 84.5-85% of your mined coins.
And then taxes after sale the currency, so when we can only have about 70-72% of our mined coins... Everybody wants to be in the middle of our (miners) coins. 3.5% there, 5% out there, but miners mainly give you the strength of your network, I feel like taxation, so I will always choose the solution without taxation, or without fees. Just give me the address for donation - I will donate for your work, and not that you will have my earned coins. Zen is nothing more than another reincarnation of ZCash, just a little more powdered to look more 'open', with lower fees than ZCash. Nodes will always be in some part of centralized - it's not an obvious central solution, but it's similar to check pointing - it's based on more centralized solution.