Who gives a damn about ZEN being a commodity. Many of us here say it's a "currency." Many here believe it's both. What the hell does that have to do with the FACT that ZEN is a PRIVATE (not public) company who is subject to audit at any time from the I.R.S.
Why don't we just say that Zencash is a digital token that allows you to participate on the Zencash network... just like the legal notice here:
https://zencash.com/assets/files/ZenCash_LEGAL%20MEMORANDUM.pdfIt has properties of a currency, and it's value is based upon market demands, and the amount of effort put into mining new tokens.
Exactly. It has the values of a typical cryptocurrency coin, in that coins are minted over time by a set of rules through mining and nodes.
However, zencash also has properties of a 'token' as it provides services that have a market value through initiatives like Zen pub, chat and hide.