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There are actually more problems, but I didn't want to go off topic. Like about how the developers get paid a certain percentage. Someone made the calculations
by ktta 9y ago
There are actually more problems, but I didn't want to go off topic. Like about how the developers get paid a certain percentage. Someone made the calculations to be about $3m a year for all the developers combined each year. I know that they deserve to get compensated, but that goes completely off what cryptocurrencies stand for.
Like the whole thing seems to be riding on the concept of zk-SNARKS, but the fact of the matter is, there is already Monero which offers the privacy aspect that zcoin advertises (but fails to deliver on that too)
- Casseres 9y agoWhat ktta is talking about is the 10% Founders Reward that goes to the company and its investors. For those that may read this who don't know, Zcash is a company. It's Founder and CEO wrote this on Twitter: > I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. https://twitter.com/zooko/status/863202798883577856 https://twitter.com/zooko/status/863202798883577856
- ktta 9y ago*zcash, not zcoin. Too many 'coins' these days.