Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
generalizethis
on 26/04/2018, 07:51:16 UTC
Monero will be bloomed this year i am sure about it base on my own observation it will go ride with bitcoin.

The Monero price is almost the same as the ZCash now. It might be more than ZEC in the next few months.

This shouldn't be a suprise. No one uses Zcash for privacy and the issuance rate is ridiculous--not to metion their team goes out of their way to alienate the prvacy community. From the moment they had a trust ceremony to Zooko's dumbass twitter comments this coin has been a trainwreck--Sapling is a step in the right direction, but without a complete reorg, the underlying problem (a complete disregard for what the privacy community wants from a privacy coin) will exist. Zsnarks were a great idea that fell into the wrong hands and became the plaything for a few spoiled academics who don't mind getting paid to waste everyone's time. Though the inability to audit the supply probably made it a terrible idea for a space the that coined the term "hodl"--though that and the trusted ceremony  should have been the only concerns.

TLDR: If the Monero team had created Zcash, the only concern would be an unauditable supply and the trust ceremony. Instead we have: issuance rate, dev tax, backdoors, trust ceremony, corporate coin, optional privacy (which gives you fungibility and low anonymity set issues) and an unauditable supply.