Five Reasons Zcash is the Most Corporate Cryptocoin You’ve Ever Seen
1. They Trademaked Zcash
Zerocoin Electric Coin Company LIMITED LIABILITY COMPANY DELAWARE filed for a Trademark on “Zcash” Oct 5, 2016.
2. They Closed Their Subreddit
The majority of discussion on Zcash must now happen on https://forum.z.cash/ or a Slack channel which the Zcash Electric Coin Company controls.
3. Zcash Corporation Salaries & Equities are Private
There are actually many different asset types to consider here. There is the Zcash crypto coin, equity in Zcash corporation, and Zcash salary paid in dollars. Zcash corporation does not believe the public needs to know their salaries and equities.
4. They Are Taking A 20% Fee
This is perhaps one of the most controversial features of this coin, other than their Trusted Setup. I wrote more about this earlier.
5. Embrace, Extend and Extinguish
Ethereum network hashrate, which provides security for the Ethereum network has crashed since the launch of Zcash.
Ethereum founder, and paid advisor of the Zcash Corporation doesn’t seem to mind:
6 (bonus!). Trusted Setup is a Backdoor
What Alternatives Do We Have?
I will write more about this in future articles. Fortunately, there are many options including:
- A soft-fork of Zcash to remove the founder’s reward.
- A hard-fork of a Zcash that removes the founder’s reward and has no ties to Zcash Corporation.
- A hard-fork of Zcash that is also a Bitcoin-pegged sidechain
For now, please follow more discussion of this at https://www.reddit.com/r/NotZcash/
Update
Z-Classic launching soon at https://github.com/z-classic/zclassic
