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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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