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droffel
on Feb 5, 2016
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ZCash (formerly Zerocash/Zerocoin) technology prev...
10% of all mining rewards for the first 5 years go to the developers. The tech is certainly interesting, but the pseudo-premine makes me a little wary of putting any significant amount of money into it.
Citation:
https://z.cash/blog/funding.html
(Check the "Founder's reward" section)
bb88
on Feb 5, 2016
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That bothered me too. It seems like "pump-and-dump" is a little harsh. I used the term "speculation" in my comment. But in this case, both are true.
orik
on Feb 5, 2016
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what's to stop miners with 50%+ of hashing power from withholding the founders rewards?
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Citation: https://z.cash/blog/funding.html (Check the "Founder's reward" section)