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From that link I see this: > With this approach, the founders are incentivized to support Zcash for the long haul (at least for four years), and they have limi
by bb88 11y ago
From that link I see this:
> With this approach, the founders are incentivized to support Zcash for the long haul (at least for four years), and they have limited ability to pump-and-dump.
I don't see how anyone can audit that statement since the transactions are encrypted [1].
[1] https://z.cash/tech.html https://z.cash/tech.html
- jacobr1 11y ago> I don't see how anyone can audit that statement since the transactions are encrypted Couldn't one audit the code? Provided zcash itself doesn't have 51% or more of the mining network post launch the open source code should be verifiable and needs to have some special case to route the "founder reward". Though I admit I haven't looked through the source code so I may be missing something.
- davidsarah 11y agoMining rewards, and the proportion of them that goes to the Zcash company, are transparent (not encrypted).