@BobMcElrath Agree. The market is inexperienced and pumps anything.
However, the Zcash community overwhelming voted for the transition to PoS. It better aligns incentives for long term holding.
Generating energy and security through inflation is brilliant economic design
@0xHyperbart Needs better tech, better awareness campaigns and better community. It seems they've focused on the first one the most so far, while the latter two should be happening soon.
@mooncat302@CCoffeeCap I agree. However, I also believe financial institutions, govs and the mega rich require true privacy when it comes to money. They don't want the public tracking their every move.
@CCoffeeCap It's not all about utility.
The brand awareness and network effects of Bitcoin are extremely strong.
The utility of Zcash is clearly better. However, the brand awareness and social presence of Zcash is significantly weaker. It will strengthen in time.
@CCoffeeCap Difficult to calculate precise numbers. It's probably higher than 30x. I believe Zcash should have a MC of at least 10% of Bitcoin. Which would make it undervalued closer to 50x.
@CCoffeeCap It competes with Bitcoin on store of value and medium of exchange. Once the crypto community realizes this, Zcash should make ground quickly.
We have 10+ Ethereum competitors with massive valuations. But no Bitcoin competitor....yet... Zcash is the real competition to Bitcoin.
@PayInBEAM Zcash will have recursive proofs at L1 in a few months. The scaling abilities will be insanely good on Zcash.
And the shielded pool will grow very aggressively via all the innovation coming in the next year or two.
We're early.
@LifeMathMoney I'm basically the same portfolio. Only diff is I went Zcash over Monero because of zero knowledge proofs. Zcash ecosystem is way ahead on this tech.