Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax

Quote from: nimbosa on May 14, 2018, 08:18:45 AM

NO, Zclassic was not a free coin / hardfork for Zcash users.. it was a code fork and a totally new coin that did NOT inherit ZEC transactions/UTXO

it only inherited the code MINUS the founders' tax, premine, slow start..

Quote from: steemium on May 13, 2018, 05:59:29 PM

Quote from: nimbosa on May 13, 2018, 03:53:05 PM

Quote from: steemium on May 11, 2018, 07:42:16 PM

Hi, I've found this thread reading BlockchainForums, it's discussed there in relation to Zcash and Zencash https://blockchainforums.info/topic/388/zencash-vs-zcash-all-you-need-to-know/4

I was surprised by "20% Founders Reward is removed."
So really ZCash founders have 20% of ZCash (or had in the beginning)
For me that's a lot, especially considering the price of ZCash!
Definitely ZClassic has a room to grow!

iM sad but not surprised that the wikipedia article was removed, but there's a latest copy of it here, right before unfair DELETION: http://web.archive.org/web/20180322010119/https://en.wikipedia.org/wiki/Zclassic

Quote

Zclassic started as a fork of Zcash on November 5, 2016, eight days after Zcash's own release.

At launch, the only differences between them was that Zclassic waived the 20% miners fee for its founders, and supply was not artificially limited at its creation (i.e. no "slow start" for blocks). Zclassic kept the same defining parameters of Zcash, such as the use of the ASIC-resistant equihash timestamping scheme, and a total supply of 21 million units.

Great, thanks for additional info!
I didn't know that the difference was only 8 days. So probably Zcash owners do not have Zclassic amounts? (Like in Bitcoin Cash fork every Bitcoin holder receive same amount of Bitcoin Cash)..

So it pretty much just piggy backed of Zcash's name and toted the idea of a fair distribution even though that doesn't make it anymore viable to institutional investors.

Zcash got listed on gemini yall, institutional investors want to invest in projects where they know there are companies and organizations behind the open source project that will ensure it's growth.