zcash does not work.
monero dev is tied into lightning and bitcoin and its development is extremely active.
all zcash does is media stunts
so thanks for your money. I advise you to short xmr. I'll collect
I just know the people behind zcash...
you can't openly say you made your crypto traceable for authorities and claim it's a privacy coin at the same time. or hire a cryptographer that does speeches on how great backdoors are
I'm not being defensive.
I'm just extremely clear what I think about noobs like you who look at charts without knowing anything about WHAT you are trading.
i.e. people who can't win long term.
almost all zcash transactions are completely transparent because zero knowledge proofs are too expensive to do en masse. optional privacy is no privacy.
and since this is a trusted setup, i.e. you have to TRUST it was done without anyone(!) retaining the original keys, it can't be trusted to be even zero knowledge proof.
Monero is zero knowledge proof too. but mathematically provable. i.e. TRUSTLESS.
zcash is TRUSTED.
in cryptography, trusted means "lol why you are stupid enough to just assume you're not gonna be scammed", while TRUSTLESS means provably, verifiably as advertized
kiddy table "investors" who know jack shit about the nature of their investment will fail to put money in things that work.
zcash is a straight up scam. it does nothing as advertized and relies on ignorance of the userbase.
just like verge
> "the devs of zcash said that." no one said that. btw I'm crypto expert and I watched the code behind zcash, there is no any backdoor for trace transactions.
> "because zero knowledge proofs are too expensive" It's not about expense, it's about amount of RAM needed to make zk-proof which is solved in Sapling upgrade. so people can use mobile wallet in next update for shielded addressed (which is not possible with monero.)
>" retaining the original keys, it can't be trusted to be even zero knowledge proof. " looks you are talking about toxic waste which has 88 participator to ceremony for next upgrade (was open to all) https://github.com/ZcashFoundation/powersoftau-attestations
anyway read this maybe help you to understand: https://medium.com/@_garethtdavies/why-zcash-is-set-to-shine-in-2018-2e8c388f35fd
I'm sure monero does not have bright future as zcash.
thats not about back-door! you didnt even read that reddit comments to understand that was a misunderstanding tweet...
You just talk without proof. sorry for you and people around you, they have hard time to deal with you because your believes are not logically based rather based on your thinks, dreams and wishes.