Viewing a response to: @keithwillshine/re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t010148901z
But if you look at that drastic decrease. they make a huge profit whoever made Zcash. They sold many rich people Zcash for $44,000 CAN each coin. and its now worth $45 CAN. That is thousand times less value. Giving its makers a thousand times profit. Definitely history and a record for Crypto-News.
| author | keithwillshine |
|---|---|
| permlink | re-keithwillshine-re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t010842784z |
| category | bitcoin |
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| created | 2016-12-21 01:08:48 |
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| root_title | "Judge not a coin by it's first mover advantage." |
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When Zcash was trading at those astronomical prices is was due to no coins being pre mined. So no the developers didn't sell a bunch of coins at those high prices but they do earn a certain percentage of coins mined for a certain time period i think.
| author | silverstack |
|---|---|
| permlink | re-keithwillshine-re-keithwillshine-re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t054228328z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"]} |
| created | 2016-12-21 05:42:27 |
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| root_title | "Judge not a coin by it's first mover advantage." |
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