Re: Deception & Misdirection by ZEC co. Forking ASIC Resistance Bitmain Antminer Z9
I hope Bitmain will do at least 1 pump, then I get rid of my last 199 Zcash 
Since last Monday over to Monero, after more then a year of all my rigs on Zcash.
I know, you can expect a lot in Crypto, but this ?
Since last Monday over to Monero, after more then a year of all my rigs on Zcash.
I know, you can expect a lot in Crypto, but this ?
they did !!! as expected... but who knows... they have deep pockets and it may just be the beginning.... or the end !
Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.
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Yes, Zcash is a scam, always has. Why? first the trusted stepup is completely unreliable from the get go, but now with all the behaviors that you documented... it is total unconsciousness to support this chain in anyway.
ZEC is beautiful example of how a shitcoin can get a high valuation...
Furthermore the behavior, and censorship is totally unacceptable. it's the virus musk(it), a very contagious illness, made of arrogance and lack of respect for investors.
and there is zero decentralization with this coin, everything rest on the shoulder of a censoring master... what a shame for those who have been fooled...
the rush for the exit is going to be fun
.sometime evident questions are left out of the price, but once they return...
.I would like to know what makes asics better at securing the network than gpu's?
Also some idiot saying that gpu miners jump ship if another coins is more profitable...So do asic miners. You only have to look at BTC and BCH if one is more profitable than the other to mine they simply switch their asics to that coin.
We all saw the posts when zec first started .. making promises at being asic resistant....in order to be resistant you have to actually resist. its so easy to say your resistant when there is nothing to resist against.
I would like to see the 20% paid by the miners put to some good use and use the 20% to pay the devs for their time to fork away from asics and actually keep their word.
Everything the OP has stated is true and in my opinion if they dont fork away from asics they should be held liable for their lies and deceit. They are no better than Bitconnect it my eyes.
Also some idiot saying that gpu miners jump ship if another coins is more profitable...So do asic miners. You only have to look at BTC and BCH if one is more profitable than the other to mine they simply switch their asics to that coin.
We all saw the posts when zec first started .. making promises at being asic resistant....in order to be resistant you have to actually resist. its so easy to say your resistant when there is nothing to resist against.
I would like to see the 20% paid by the miners put to some good use and use the 20% to pay the devs for their time to fork away from asics and actually keep their word.
Everything the OP has stated is true and in my opinion if they dont fork away from asics they should be held liable for their lies and deceit. They are no better than Bitconnect it my eyes.
First thing that comes to mind is that when you're a GPU PoW coin, its possible to develop an asic in secret and basically take over the network without anyone knowing.
If you're already on asics (fastest tech available atm), you're not vulnerable to stuff like that.
That's not a pleasant scenario.
On the other side, it's a lot more secure when there's one dominant ASIC manufacturer that already has a healthy xx% of the hashrate and can easly build enough to get over 50%.
Totally invulnerable. 
Also does the eth network seem vulnerable? You'd need quite a lot of ASICs (assuming E3 eff) to get over 50.
And how many persons/companies could actually build and design an ASIC that could take over a network like Zecs? Assuming the devs would not treat changing algos like some design of the 8th world wonder, and fork like Monero did?
One poster wrote it earlier...
Why stop mining? if it is the most profitable dump it !!!
and then as he said, nice post by the way, is about locking user in to have captives, that they call "community". with gpus and fpgas you can switch at will, with asics, the algos must be used by other great chain and devs... dispersion etc.