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

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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