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A comment on The Security Behind the Birth of Zcash.

Re:The Security Behind the Birth of Zcash by Animats on Sunday December 04, 2016 @01:37PM (#13101106)
The developers don't need to steal. They're making money from early mining. Here's ZCash right now, down about 99% from the initial price.[1] The market cap keeps rising as the price falls, indicating it is being mined way too fast for the market.

[1] https://coinmarketcap.com/currencies/zcash/

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Re:The Security Behind the Birth of Zcash by saycheese on Sunday December 04, 2016 @01:54PM (#13101194)
Agree with the analysis, puzzles me why the currency doesn't balance the cost of mining in a way that doesn't significantly devalue existing holdings. It would be interesting to see an estimate of the cost to mine the coins at the rate they're being mined. If the cost is more than the face value of the coin, seems like something funny is going on.
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