An update on Zdash A Zcash Alternative
Zdash a Zcash alternative was born about 3 months ago
Founders:
Axel Karlsson: [@sparkit] Community manager, general communications. Founder
Iolar Demartini Junior: [@demartini] Web Developer (Front End). Founder
Joseph Stuhlman: [@joseph] Dev, general communications. Founder
Today 1/27/2017 Zdash coin supply barely passed 600000 coins
We had a slow start, but patience pays. Zdash is the 2nd fork of Zcash
The dev team is funded for a year with small monthly payments of 1500 ZDASH per dev
@ current prices that's less than $14 per month per dev.
Zdash has dev fund disabled so the entire block of 12.5 coins goes to miners.
I have personally funded the servers needed and the website for Zdash. https://zdash.io/
We as a team committed our time to Zdash and plan to stay around for a long time to come.
We also welcome anyone who wants to jump in and help. Zdash is a community project.
Some bounties were paid and 3 month payments to devs were made.
We started with 121475 ZDASH
I personally hold 6475.98890588 ZDASH in my own private address,
which came from 3 monthly payments and some coins I mined myself.
Our balance right now stands at 107222.324 ZDASH
Joseph Stuhlman
You can buy Zdash @ cryptopia exchange:
https://www.cryptopia.co.nz/Exchange/?market=ZDASH_BTC#
Zdash is not here to replace Bitcoin, actually nothing can replace bitcoin. It's not also here to replace Zcash, I am personally invested in the Zcash project and believe in the tech. Zdash offers the same use case of Zcash at a much lower entry price.
Zdash is much easier to mine with less hype and competition, and you can still hit a solo block now and then.
You can mine zdash on suprnova pool:
https://zdash.suprnova.cc/index.php
which my friend @ocminer keeps up and running for us.
(btw I mined the @ocminer account on steemit just in case he wants to make a steemit appearance one day)
Please retweet this in support of Zdash:
https://twitter.com/JStuhlman/status/824667938422657024
Please resteem
What is the benefit of holding the coin? I'm not a fan of just rewarding miners.
I am not exactly convinced rewarding miners is a bad thing , otherwise bitcoin would have failed by now. POW is a distribution method that adds a cost to inflation, a cost that increases or decreases depending on the presumed value of a coin. As for the benefit, unless the demand for the coin is zero, it still holds some value and potential value.
I'll go one further and suggest that rewarding miners is the only way to go. Rewarding stakeholders (aside from appreciation of network token on the market) increases the costs of running the network, potentially making that network less efficient than an alternative. Maybe I'm missing something, though.
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Interesting blog. I was about to post a similair post. Investing in the cryptospace might come with a high risk but honestly I don't believe the risk is that high for the people who are daring to HOLD their coins for long. I was wondering if anyone of you uses: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/Zcash#analysis To check Zcash Research report.