Re:Fixing Vulnerabilities in the Zcash Protocol
by j15t on Friday May 06, 2016 @01:11PM
(#11645279)
Who would buy coins (or mine) on a unofficial Zcash network? I can't imagine many people would expend resources supporting an unofficial network since one of the major risks of a zero-knowledge protocol is that the initial operator could "premine" a large quantity of coins and no-one would know.
People will probably wait for the official Zcash launch because they trust the Zcash team to launch a secure network and (importantly) to maintain the network going forward. In some ways this is like a Schnelling point, where people will wait for the official network because their expect other people will wait for the official network, and so on.
People will probably wait for the official Zcash launch because they trust the Zcash team to launch a secure network and (importantly) to maintain the network going forward. In some ways this is like a Schnelling point, where people will wait for the official network because their expect other people will wait for the official network, and so on.