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Another Look At Zcoin by brianphobos

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cryptocurrency · @brianphobos ·
$18.47
Another Look At Zcoin
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<p><img src="https://steemitimages.com/DQmXEEmCqEuKzTXvs2oAU6oqXYMZwYufF9xmDkjqGLZXMio/pool-3ofme-zcoin.png" width="800" height="450"/></p>
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<p>About a month ago I did a <a href="https://steemit.com/cryptocurrency/@brianphobos/two-anonymous-crypto-currencies-to-check-out-aeon-and-zcoin">pool meeting about Zcoin</a> and Aeon. &nbsp;&nbsp;Mainly just that they were on my radar and that I was looking into them more. &nbsp;&nbsp;Well I have been buying some Zcoins and it has been really volatile. &nbsp;In a way it has sort of hit a triple bottom around $6. &nbsp;&nbsp;</p>
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<p><img src="https://steemitimages.com/DQmQvCVTHxjDLxA9SVd9BZN1A4QA1whauNLdrvEshDhoRUG/zcoin-chart.png" width="800" height="430"/></p>
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<p>One thing I like to do is check on CoinMarketCap to see where a coin is when I take all these premined and ICO coins out of the equation. &nbsp;&nbsp;</p>
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<p><img src="https://steemitimages.com/DQmZqF7dnUxVXdbg89oJwQXHFsi9hAux4KZQrghc25BM3Et/non-mineable.png" width="516" height="346"/></p>
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<p>Keep in mind that Zcoin is on the second page at 126 when looking at everything but it is 34 when taking away all that stuff. &nbsp;&nbsp;</p>
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<p><img src="https://steemitimages.com/DQmTdynaAZfqL3jpoWdm4u5t7qcEkmJKAG89jXPoHdYApaT/zcoin-33.png" width="800" height="321"/></p>
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<p>It is really crazy there are that many premined and ICO coins. &nbsp;A couple things to note is that there will be 21 Million coins just like Bitcoin and it will have the same halving structure as Bitcoin. One caveat to the situation is that 10% of the total Zcoin supply will be distributed to the Founders Reward as time passes. &nbsp;Here is what they say about the Founders Reward. "The Founders Reward will be given to early investors, &nbsp;developers, and Zcoin community members." I'm personally not opposed to this because some of the coins that didn't have the funding start to stall or the development moves super slow. &nbsp;&nbsp;</p>
<p>Also it seems like they are taking one out of the DASH playbook by having the money to promote the coin and also setting up something they are calling <a href="https://zcoin.io/zcoin-dev-update-september-2017-znodes-gui-libzerocoin-mtp-and-zeth/">Znodes. &nbsp;</a>They haven't determined how many coins you have to have to operate a Znode yet. Essentially it is going to operate kind of like a DASH master node. &nbsp;This will lock a lot of coins up which will ultimately restrict the supply. &nbsp;&nbsp;I feel that is one of the reasons DASH has gotten as high as it has. &nbsp;&nbsp;</p>
<h2>My Plan</h2>
<p>Right now I downloaded and I'm syncing the new wallet to try it out. &nbsp;&nbsp;</p>
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<p><img src="https://steemitimages.com/DQmVqsenyHRRQjwV5NW85fHMdQsRYi3kAPfC5epeYiWffqz/zcoin-wallet-synce.png" width="856" height="578"/></p>
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<p>I'm going to move some of my coins over to it and test it out to make sure everything is working right. &nbsp;&nbsp;After that I'm going to keep buying coins at these levels and building a bigger and bigger position. &nbsp;&nbsp;It will be interesting to see how many coins you have to have to run a Znode once they complete that. &nbsp;&nbsp;I will be interested in running one of those once that is disclosed. &nbsp;First I need to build a bigger position though why it is at these price levels. &nbsp;&nbsp;I feel like there will be increasing interest out there about this coin overtime. &nbsp;&nbsp;</p>
<p><em>Once again this isn't investment advice. &nbsp;&nbsp;Ask your grandma or someone in a suit for advice. &nbsp;I'm just a guy who swims around in the pool and talks to himself. &nbsp;</em></p>
<center><h1><a href="https://www.coinbase.com/join/529e26dcd2421b03c4000252">Earn $10 Of Free Bitcoin From Brian Phobos! &nbsp;</a></h1>
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<p>Thank you for reading my post and please consider following me <a href="https://steemit.com/@brianphobos">@brianphobos</a></p>
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vote details (86)
@atta09 · 
Amazing
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@ghorardim · 
Thanks for turning this into a blog post. I remember this course really helped me out when you realised it a while back!!
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@brianphobos · 
I'm going to keep learning about it.   I just literally learned that they were going to have the Znodes a couple of days ago and started looking into that.
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@lahcen80 · 
It would be a good experience for your happy life
Thank you for your posting
thank you for this pretty advice
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@sroka87 ·
$0.05
What sets this apart from the leaders in the anon field - Monero + ZCash?
👍  
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vote details (1)
@brianphobos · 
It is a great question and I don't have the most technical answer for you because the cryptography is so complex.   So with DASH it is like mixing your transactions up with everyone elses.   With Monero it uses something called Ring-CT which I don't have a great explanation for.   Zcoin is based on a respected crypto white paper called Zerocoin and essentially mints a new coin and burns the old coin when a person does a transaction from what I understand.   It is all very complex and I'm not a PhD in cryptography.   

I think the main thing that I'm taking into consideration is that all these technologies are going to approach is slightly differently and if we take positions in all of them to some capacity then some will ultimately survive and some won't.   It looks like there is decent community support out there for Zcoin and no one is saying that it is "fake technology" or anything like that.    So I'm mainly going off that and taking a chance on it and trying to learn more.    Kind of gently stepping into it and not risking tons of money right now.    

I hope that helps.
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@sroka87 · 
I agree that its a good idea to take a position on as many anon coins as possible (although I dont have the funds for that yet, so im hedging strongly on Monero for now!).  There is definitely requirement for them, as open ledgers are not ideal for financial privacy.
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