Zcash raised $3 Million USD from investors, which they must pay back, at least 10-100x or maybe more to satisfy the original investors. This is why the price of ZEC in satoshis (not USD), always goes down. They are paying back initial investors by selling parts of the Founders Reward. Recently Zcash <b>renamed</b> the Founders Reward, and made it even harder to track where the money goes. This does not change anything at all, just makes them look shadier.
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@ -84,17 +86,19 @@ Zcash raised $3 Million USD from investors, which they must pay back, at least 1
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Recently the <atarget=_blankhref="https://en.wikipedia.org/wiki/Zcash#cite_note-:2-17">entire Zcash company was donated to a non-profit</a>, that nobody has heard of! This was after changing their name legally to "Electric Coin Company", further throwing shade on their operation. Note that Zcash Company already was a Swiss-based Company with a US company subsidiary and a 501c3 non-profit called Zcash Foundation, which they constantly fought with. When does an entire for-profit VC-funded company get donated to a non-profit? Sounds quite shady indeed.
Zcash stupidly tries to compete and replace Bitcoin, Hush relies on BTC mainnet for protection from mining attacks. This is done via Delayed-Proof-of-Work, which allows blockchains with smaller hashrates to be protected by blockchains with larger hashrates.
HushRobot33
3 years ago