Viewing a response to: @matrixdweller/judge-not-a-coin-by-it-s-first-mover-advantage
I watched it go from worth I think 44 BTC per Zcash down to about 0.1 BTC (which I bought one at, thinking it was bound to go back up at some point) down to 0.045 (where it currently sits as of Dec 18). I am really debating selling. But I also do think that if you do not risk, you will not get rich. Its worth a 100 CAD investment to maybe get it back to its beggining price making that 100 worth 44,000 CAD (BTC is roughly 1,000 CAD and worth even more currently.)
| author | keithwillshine |
|---|---|
| permlink | re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t010148901z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"]} |
| created | 2016-12-21 01:01:54 |
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| root_title | "Judge not a coin by it's first mover advantage." |
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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 |
| json_metadata | {"tags":["bitcoin"]} |
| created | 2016-12-21 01:08:48 |
| last_update | 2016-12-21 01:09:51 |
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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 |
| last_update | 2016-12-21 05:42:27 |
| depth | 3 |
| children | 0 |
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| root_title | "Judge not a coin by it's first mover advantage." |
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My Issue with Zcash is fundamental. The setup required too much trust. If that trust was broken Zcash is neither anon nor deflationary
| author | matrixdweller |
|---|---|
| permlink | re-keithwillshine-re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t100024498z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"]} |
| created | 2016-12-21 10:00:36 |
| last_update | 2016-12-21 10:00:36 |
| depth | 2 |
| children | 2 |
| last_payout | 2017-01-20 11:17:00 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Judge not a coin by it's first mover advantage." |
| beneficiaries | [] |
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| percent_hbd | 10,000 |
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|---|---|---|---|---|---|
| steved | 0 | 417,947,467 | 100% |
You got it...trust is the only one who gets them alive. Look for the Security of your cash! http://spectrum.ieee.org/tech-talk/computing/networks/the-crazy-security-behind-the-birth-of-zcash
| author | steved |
|---|---|
| permlink | re-matrixdweller-re-keithwillshine-re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t212505622z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"links":["http://spectrum.ieee.org/tech-talk/computing/networks/the-crazy-security-behind-the-birth-of-zcash"]} |
| created | 2016-12-21 21:25:06 |
| last_update | 2016-12-21 21:25:06 |
| depth | 3 |
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| root_title | "Judge not a coin by it's first mover advantage." |
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Good read here. Maybe I will take a second look at Zcash
| author | matrixdweller |
|---|---|
| permlink | re-steved-re-matrixdweller-re-keithwillshine-re-matrixdweller-judge-not-a-coin-by-it-s-first-mover-advantage-20161221t213212577z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"]} |
| created | 2016-12-21 21:32:24 |
| last_update | 2016-12-21 21:32:24 |
| depth | 4 |
| children | 0 |
| last_payout | 2017-01-20 11:17:00 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Judge not a coin by it's first mover advantage." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 2,058,633 |
| net_rshares | 0 |
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