Râu Cao ⚡ on Nostr: It's beyond me why Zcash is not regarded as a complete shitcoin. Here's the first ...
It's beyond me why Zcash is not regarded as a complete shitcoin. Here's the first reason Zooko states for why Zcash will switch to Hybrid Proof-of-Stake:
"It reduces supply of ZEC by locking up staked ZEC and increases demand for ZEC by giving people something else to do with it."
Not enough demand for "money"? People have no idea what to do with their "money"? Let's lock it up and reward investors with dividends!
Now imagine someone looking at this chart, even adding it to their own blog post, and then linking said post with the comment "Zcash is winning":
Am I thinking about this the wrong way perhaps? What am I missing about this amazing currency?
"It reduces supply of ZEC by locking up staked ZEC and increases demand for ZEC by giving people something else to do with it."
Not enough demand for "money"? People have no idea what to do with their "money"? Let's lock it up and reward investors with dividends!
Now imagine someone looking at this chart, even adding it to their own blog post, and then linking said post with the comment "Zcash is winning":
Am I thinking about this the wrong way perhaps? What am I missing about this amazing currency?