Quote from: BitZY on August 03, 2017, 06:25:42 PM

Quote from: Kevin77 on August 02, 2017, 09:04:17 PM

Quote from: BitZY on August 01, 2017, 10:21:29 PM

"BitZY is a new innovative anonymous crypto currency. Due to regulations being imposed by the government regarding cryptocurrencies and bitcoin we have decided to create a new anonymous way of trading and sending cryptocurrencies. BitZY will have a standard value. Bitcoin can be transferred into BitZY then sent to a receiving address the recipient can then convert BitZY into bitcoin or hold it hoping the value increases. Most cryptocurrencies (Including Bitcoin) are easily trackable. (You can view all transaction histories for different addresses). With BitZY we will make it so this is not possible giving you a fully anonymous wallet.

BitZY's base is the same as Bitcoins and Zcash - 21 Million BitZY Coins (BTZ) will be mined over time using a proof of work. It will have the ability to be transferred globally and traded on exchanges. 5% of the mining reward will be distributed amongst the development team and stakeholders."

So you are creating BitZY because you feel governments are imposing regulations on bitcoins, so bitcoiners can convert Bitcoins to BitZY and again to Bitcoin. Why will not someone use an established altcoin than something new? And if the governments can impose regulations on Bitcoins, what stops them to put a regulation on you and your BitZY?

How can BitZY's base be the same as Bitcoins and ZCash, they may have the same number of coins, but they are not the same and have their own distinct system. Which is the one you, I mean your BitZY coin is going to follow?

Thank-you for your questions.

So you are creating BitZY because you feel governments are imposing regulations on bitcoins, so bitcoiners can convert Bitcoins to BitZY and again to Bitcoin. Why will not someone use an established altcoin than something new? And if the governments can impose regulations on Bitcoins, what stops them to put a regulation on you and your BitZY? We are creating a decentralized token using cryptonote and following data protection processes. We will be developing both Monero and Zcash's features into a new anonymous token. By doing this we are remodelling both tokens.

How can BitZY's base be the same as Bitcoins and ZCash, they may have the same number of coins, but they are not the same and have their own distinct system. Which is the one you, I mean your BitZY coin is going to follow? The only similarities BitZY has with bitcoin is the number of tokens and the sending and receiving of them. We are going to be adapting the code base of Zcash.

Thanks.