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A comment on ZCash (formerly Zerocash/Zerocoin) technology preview.

Re:ZCash (formerly Zerocash/Zerocoin) technology preview by swsieber on Friday February 05, 2016 @01:59PM (#11043722)
For those of you concerned about pump and dump, they've specifically addressed it in a blog post [1]. And they are open sourcing a ton of stuff. But that's addressed in their blog. So to me, the lay man, it seems like they won't be doing a pump and dump. I say lay man because I'm really not qualified to assert that my statements are indeed correct.

[1] https://z.cash/blog/funding.html

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Re:ZCash (formerly Zerocash/Zerocoin) technology preview by grubles on Friday February 05, 2016 @05:00PM (#11044976)
So, what is to stop someone from forking the code and removing the percentages that go to the Zcash company and devs? Similar to how Monero was forked from Bytecoin due to some odd shadiness (not that I think Zcash and co. are shady!) [0].

[0]https://bitcointalk.org/index.php?topic=740112.0

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Re:ZCash (formerly Zerocash/Zerocoin) technology preview by bb88 on Friday February 05, 2016 @02:30PM (#11043950)
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

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Re:ZCash (formerly Zerocash/Zerocoin) technology preview by jacobr1 on Friday February 05, 2016 @04:24PM (#11044749)
> 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.

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Re:ZCash (formerly Zerocash/Zerocoin) technology preview by davidsarah on Thursday February 11, 2016 @05:33AM (#11079355)
Mining rewards, and the proportion of them that goes to the Zcash company, are transparent (not encrypted).
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Re:ZCash (formerly Zerocash/Zerocoin) technology preview by jerguismi on Saturday February 06, 2016 @04:32AM (#11047123)
What's wrong with pump and dump to begin with? Some like to think it short-term, some long-term.
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