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Comment by mappum

I am long Zcash:

* The founder is Zooko Wilcox-O'Hearn, creator of Zooko's triangle, the BLAKE2 hash function, Tahoe-LAFS, and former employee at MojoNation (an early attempt at cryptocurrency/P2P filesharing where another employee, Beam Cohen, went on to create Bittorrent). He knows a thing or two about decentralization/P2P.

* This project is NOT a trivial Bitcoin clone with only a new proof-of-work swapped in. The Zero Knowledge Proofs they use to keep transactions private is state of the art crypto. Also their PoW is actually memory-hard (many currencies have used PoW functions which they thought would be memory-hard and ASIC-proof, such as Litecoin with Scrypt, but it turned out not to be the case).

* Their "Founders Reward" is less like a premine and more like startup vested equity (it pays out to them gradually over 4 years to incentive themselves not to pump and dump).

* The team is extremely helpful in the Zcash Slack and are a relief after dealing with the pedantic, difficult Bitcoin developers.

parent mappum 10 years ago

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