News for hackers. Stuff that matters.
Re:ZCash (formerly Zerocash/Zerocoin) technology preview by droffel on Friday February 05, 2016 @01:41PM (#11043593)
10% of all mining rewards for the first 5 years go to the developers. The tech is certainly interesting, but the pseudo-premine makes me a little wary of putting any significant amount of money into it.

Citation: https://z.cash/blog/funding.html (Check the "Founder's reward" section)

Re:ZCash (formerly Zerocash/Zerocoin) technology preview by bb88 on Friday February 05, 2016 @02:10PM (#11043811)
That bothered me too. It seems like "pump-and-dump" is a little harsh. I used the term "speculation" in my comment. But in this case, both are true.
Re:ZCash (formerly Zerocash/Zerocoin) technology preview by orik on Friday February 05, 2016 @02:14PM (#11043832)
what's to stop miners with 50%+ of hashing power from withholding the founders rewards?