anon13

By the "Monero guys spreading FUD and lies" I mean exactly that. I have used Monero in the past and consider myself part of that comunity at the time. Even used its predecessor Bytecoin for a while before Monero came up. I have researched a lot and just happen to like and trust Zcash tech much more! May be you should do a bit more research. It is nice to have competing privacy technologies. It is good for privacy loving users and for the advancement of the field. If you like Monero and feel is much better, good for you, use it and enjoy it, this is a free world, but there is no need to lie and confuse people about Zcash.

Answers below:

1. You will probably be surprised that there are a lot of highly qualified people in the community already.

2. If it is so unproven and so untrusted, please go ahead and break it. Words are cheap, mathematical proof and action is what counts.

3. Remains to be seen who is right on this one and we will see it during the next 4 years when the founders reward expires.

4. Conspiracy theories. Well, there will probably be more setups in the future. May be you want to propose a counter-whitepaper with a better way to do the cryptography setup and even be part of the ceremony itself?

5. Zcash uses mathematically proven privacy. Privacy loving users will use it. Research the tech and then may be you will be inclined and destined to use it too.

For sure any marketing that they (Zcash) have is no so active as the Monero guys are spreading lies and confusion around.

May be we should all abandon the privacy ship, join the Monero guys (no matter its obscure origins by the way) and spread FUD and lies about any better tech like Zcash or others that comes up, right?

Answers to your concerns below:

1. As a Bitcoin fork and descendant it is not controlled by anyone but by its network of users. Therefore there is no single point of failure. Development is done today by a corporation with VC backing which does not necessarily mean that will continue to be the case tomorrow. A community of developers and/or users can take the development leadership at any point in the future if it were so needed.

2. The cryptography is currently superior to any other. It has been tested and proven. It is in your hands to prove it wrong. Please do so.

3. The founders reward provides even more security and development resources during the first 4 years. Many people see it in fact as an advantage.

4. The trusted setup process whitepaper has been made public, plus the participants are also known. You can research and certify the process and contact the participants as you wish since it is all public. Please provide the exact point of failure in the process and where exactly has it failed. It seems like a highly secure setup to me.

5. The RAM and time required for private transactions can be done with no problem at all by most users with laptops as of today. Even so, there is development going on by the Zcash team to improve the performance and reduce the ram and time required.

In the spirit of Bitcoin, Zcash is decentralized and built for privacy loving users.

Zcash is the most technologically advanced cryptocurrency existing today to effectively accomplish mathematically proven private transactions. Built with love for all Planet Earth privacy loving users. Use it, test it and you will love it too!

It seems like the Monero guys can not stand that Zcash is the de facto standard for private transactions and the clear technological leader. Long live Zcash! for the benefit of all privacy loving users. On the other hand spreading FUD and lies does not speak well of Monero. That in addition to the mathematically weaker and inferior tech used by Monero.