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ZEC/USDT resistance turned to support? What next💎Paradisers, it's time to set our sights on a promising trading opportunity with #ZECUSDT, currently poised at a critical support zone, hinting at an upcoming bullish reversal. 💎ZCASH's Market Trajectory: As we delve into the journey of #ZCASH, we've noted a bounce back from significant resistance. Presently, the price is challenging a key resistance level. A break above this level, accompanied by sustained momentum, signals a high probability of a bullish advance. We're on standby for solid confirmation that the resistance has indeed become support. With continued upward momentum, the price aims to assault key resistance levels at $43.31 or even $50.21. 💎Bullish Bounce and Bearish Warning: Should SEED_DONKEYDAN_MARKET_CAP:ZEC 's momentum start to wane, keep your eyes peeled for a potential bullish bounce from the solid support at $29.30. However, a descent below this pivotal level could signify a shift toward bearish territory. 💎 Market Dynamics and Strategy: As always, we encourage Paradisers to be vigilant and adaptable, ready to adjust strategies in response to market fluctuations. Stay tuned for further developments, and remember, patience and diligence are your strongest allies in these trading waters. Your ParadiseTeam is here to navigate you through this exhilarating journey!
Long
by MyCryptoParadise
The Final Zcash Chart Prediction for 2024-2025 Crypto Bull CycleIMHO - Zcash’s primary use case is a private store of wealth. It’s a Swiss Bank Account without the Swiss Bank. ZEC is PRIVATE digital Gold 3.0. The project needs a great wallet experience and a transition to PoS. Hoping new leadership can pull it off Not anymore so I hear your frustration. Zooko founded Zcash so he gets rewarded like a founder. My guess is he cares far more about Zcash’s ability to provide freedom and privacy to the world than money. Anyhow, thanks for the comment. I personally use Zcash as a Swiss Bank account without the bank and for me, THAT is Zcash’s best use case. Private Bitcoin Digital Gold 3.0. So why is BTC at 47000 and ZEC at 20 ? Usage has nothing to do with that. Technical properties are having no influence. ZEC is not an object of " speculation " investment. Investment and usage go hand in hand. The" ZEC company" is responsible for this disaster. It's not speculation. It's serious investment into a product which holds value and is seen as beeing money. The people who are managing ZEC have never had any interest in price or value. It's kind of really strange to me that people who have no interest in money and it's value are trying to create a product which should replace our current money. the code has no value for anybody until you give it real value. This is something what we all do with things. First you need enough people who are seeing the value. Than you need people who are seeing that possible future value and buy it as an investment for the future. Than you can as the value increases do something with it and spend it. Money makes the world go round. Silly socialist ( woke ideas ) always have and always will fail because it goes against human nature. One more thing: In the long term, utility and usage are everything. This statement is correct. One question for you. Many people have developed many very good things. Why does one come to live and others which may be even better don't. What is the difference? That's not a lecture. That's live experience. Silly Ideas are killing humanity ( and ZEC ) www.youtube.com www.youtube.com
POLONIEX:ZECUSDLong
by noam_chom
3
Monero & Zcash - Navigating the Future of PRIVACY COINS📉Hi Traders, Investors and Speculators of Charts📈 For today's post, we're diving into the concept of "privacy coins." In the modern digital landscape, privacy stands as a paramount concern for businesses, entrepreneurs, and personal transactions. With the soaring popularity and adoption rates of cryptocurrencies, privacy-focused coins like Monero (XMR) and Zcash (ZEC) have garnered attention from investors, developers and users due to their ability to facilitate anonymous transactions. Unlike conventional cryptocurrencies such as Bitcoin, privacy-focused tokens like Monero and Zcash are designed to obscure blockchain transactions, thereby enhancing user privacy. This unique feature has drawn scrutiny from global governments , which raise concerns about potential misuse for illicit activities like money laundering and terrorist financing. Recently, in response to regulatory pressures, major crypto exchanges like Binance and Huobi have discontinued support for privacy coins, citing concerns raised by authorities. Additionally, US authorities have imposed sanctions on the utilization of significant crypto mixers like Tornado Cash. Monero and Zcash, both rooted in the privacy-focused CryptoNote protocol, prioritize transaction security and privacy. While Bitcoin offers pseudonymity, Monero and Zcash were specifically developed to enable anonymous transactions . 📈 Monero (XMR) Launched in 2014, Monero is an open-source, decentralized cryptocurrency that incorporates robust privacy-enhancing technologies like Ring Signatures, Ring Confidential Transactions (RingCT), and Stealth Addresses. These features make it exceedingly difficult for third parties to trace transactions or identify individuals involved. 📉 Zcash (ZEC) Zcash utilizes the zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which enables users to validate transactions without revealing transaction details. Users can choose between a transparent layer, similar to Bitcoin, and a shielded layer that guarantees complete privacy. In light of escalating concerns about data breaches and cybercrime, individuals and businesses are increasingly seeking data protection and privacy technologies. Privacy coins cater to this demand by offering a high level of confidentiality in digital transactions , making them particularly useful for merger and acquisition activities and for users valuing financial privacy. Despite their benefits, privacy coins face significant regulatory challenges worldwide due to concerns about their potential use for criminal activities . Regulatory bodies like the Financial Action Task Force (FATF) are working to establish guidelines to mitigate these risks, potentially impacting the use and adoption of privacy coins. 💭Final Thoughts... Developers and stakeholders in the crypto industry must address regulatory challenges to strike the right balance between privacy and compliance while advocating for regulations that safeguard user privacy without stifling innovation. The future of privacy coins remains uncertain amid tightening regulations and security concerns. However, as businesses and individuals increasingly prioritize digital privacy, there is a growing demand for innovative solutions that ensure data protection while complying with regulatory requirements. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BYBIT:XMRUSDT.P BYBIT:ZECUSDT.P
X
by CryptoCheck-
2
"Harnessing Future Wealth: Zcash and Dash"The Undervalued Gems: Zcash and Dash Coins Beckon as Prime Long-Term Investments In the ever-evolving landscape of cryptocurrencies, where volatility often reigns supreme, two digital assets have been quietly building momentum amidst the tumultuous waves of the market: Zcash (ZEC) and Dash (DASH). Despite their innovative features and robust fundamentals, both Zcash and Dash find themselves at historically low prices, presenting an enticing opportunity for investors seeking long-term value. Zcash: Shielded Transactions for Enhanced Privacy Zcash, launched in 2016, stands out for its emphasis on privacy and anonymity. Powered by cutting-edge cryptographic techniques such as zk-SNARKs, Zcash allows users to conduct shielded transactions, wherein the sender, recipient, and transaction amount are encrypted. This unique feature provides unparalleled privacy, making Zcash a preferred choice for users who prioritize confidentiality in their financial transactions. Despite its groundbreaking technology, Zcash has often flown under the radar compared to its more mainstream counterparts. However, recent developments have reignited interest in this privacy-centric cryptocurrency. The upcoming implementation of the Halo Arc protocol promises to enhance scalability and efficiency, positioning Zcash for broader adoption and utility. Moreover, with increasing regulatory scrutiny surrounding privacy coins, Zcash's compliance-focused approach, including its ability to facilitate transparent transactions, distinguishes it as a responsible player in the cryptocurrency space. As regulatory clarity improves, Zcash could see renewed attention from both individual and institutional investors, driving its price upward. Dash: Pioneering Decentralized Governance and Instant Transactions Dash, initially released in 2014 as XCoin and later rebranded, has carved a niche for itself as a pioneer in decentralized governance and user-friendly features. One of its standout offerings is the Masternode network, which enables advanced functionalities such as InstantSend for rapid transactions and PrivateSend for enhanced privacy. The governance model, facilitated by Masternodes, allows Dash holders to participate in decision-making processes regarding network upgrades and allocation of funds from the treasury. This decentralized approach to governance fosters community involvement and ensures that the network evolves in a dynamic and responsive manner. Despite its robust infrastructure and active development, Dash has faced its share of challenges, including fluctuations in market sentiment and competition from newer projects. However, recent initiatives aimed at enhancing user experience and expanding Dash's utility, such as partnerships with payment processors and integration into decentralized finance (DeFi) ecosystems, bode well for its long-term growth prospects. The Case for Long-Term Investment While both Zcash and Dash have encountered obstacles on their respective journeys, their underlying technologies, dedicated communities, and commitment to innovation position them as formidable contenders in the cryptocurrency landscape. The current undervaluation of these assets presents a compelling opportunity for investors looking to build a strategic long-term position. Investing in Zcash and Dash at their current low prices allows investors to capitalize on potential future appreciation as market dynamics evolve and adoption increases. Additionally, the inherent utility of these cryptocurrencies, whether it be Zcash's privacy features or Dash's user-friendly functionalities, underscores their relevance and longevity in an increasingly digitized world. As with any investment, thorough research and prudent risk management are essential. However, for those willing to embrace the inherent volatility of the cryptocurrency market and take a long-term perspective, Zcash and Dash represent compelling opportunities to participate in the ongoing evolution of decentralized finance and digital payments. In conclusion, Zcash and Dash, with their innovative technologies and strong fundamentals, stand out as undervalued gems in the cryptocurrency space. For investors with a strategic outlook and a tolerance for volatility, establishing a long-term position in these assets could prove to be a prudent decision as they continue to chart their path towards broader adoption and recognition. Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
KRAKEN:DASHUSDLong
by UnknownUnicorn2319099
6
ZEC 📌 pump and dump macro analysis ⏰BINANCE:ZECUSDT will complete it's bottom next year 🤣 #DYOR This analysis ⏰ only for struck PPL 📌 not for new investors there better projects avilable skip it 👉 I am expecting old dino coin end of bull run the liquid 💰 will move 🙌 on garbage 🗑️ coins or dead ☠️ coins then it will get move 🙌 👉 2024/25 i will enter into this trade so with profit liquid 💰 I can catch easy 5-10X on this 🪙 Expecting crash get completed 📌 2024-dec to APR 2025 below 📍 Buy :: $5.6 - $10 ( 60% + 40% ) split liquid 💰 { follow article when near to buy i will update } Sell :: $50 - $90 ( 40% + 60% ) exit plan 😉 { boosting 🚀 gives me support 📌 } So what would ur theory tell me in comments 😁 if u interested in COINBASE:ZECUSD then follow article/idea 💡 when I updated 📌 chart 📉📈 under here as thread 🧵 u get notified and updated 📌 Be happy 😊 try to understand market 📌 don't buy blindly that index & Crypto 🔮 giving accumulation phase 📍 everything is different 📌
CRYPTO:ZECUSDLong
by raj5_7_5
5
$ZEC getting towards load the boat levelsThis is one of my most bullish ideas for the next bull run. I've been waiting patiently for this chart to bottom and it looks like we're getting extremely close. $ZEC looks like it needs to put in one more capitulation low before the real bull run of this charts begins. I expect the final move to take price down to the $5-7 range and bounce from there to new highs. The move down will likely happen before the pivot in March 2024 and the new high will likely happen in 25 or 26. Let's see how the idea plays out over the coming months.
COINBASE:ZECUSDLong
by benjihyam
8
ZEC USDT LONG SWING | ZECUSDT | LONG @ 29 - 31 | TP @ 31.5, 32, 32.5, 33, 33.5 | SL @ 26 | PATTERN = ASCENDING TRIPLE TOP BREAKOUT | COINBASE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames COINBASE:ZECUSD BITFINEX:ZECUST.P BINANCE:ZECUSDT BINANCEUS:ZECUSDT OKX:ZECUSD.P GATEIO:ZECUSDT BITGET:ZECUSDT.P KUCOIN:ZECUSDT
COINBASE:ZECUSDLong
by Coindatahouse
ZEC/USDT Had a Good Run |👀🚀 What's Next for ZEC?💎 Paradisers, focus your attention on ZECUSDT, which is showing a significant setup in the demand zone, enhanced by a recent Market Structure Shift (MSS). This arrangement indicates a high probability of a bullish trend. 💎 When we look at ZEC's pattern, Zcash has a history of breaking above its descending trendline, a sign of potential upward movements. Presently, it's facing a critical Bearish Order Block (OB) challenge, with consistent momentum above the EMA100, aiming towards supply levels at $42. 💎 However, given the dynamic nature of the crypto market, ZEC traders need to be prepared for various scenarios. Should the anticipated bullish surge not materialize, shifting to a rebound strategy from the support level at $28 will be crucial. 💎 A decline below this support level would call for a change in strategy, emphasizing the need to reevaluate the bullish stance and adapt trading approaches to new market conditions. 💎 Stay alert and tactically skilled, Paradisers. Your ParadiseTeam is committed to providing you with insightful analysis and guidance, ensuring you navigate these market conditions with expertise and make well-informed trading decisions.
Long
by MyCryptoParadise_Simon
1
ZECUSDT Assessing Bullish Potential in Current demand?👀 🚀ZCASH💎 Paradisers, turn your attention to BINANCE:ZECUSDT as it unfolds a key movement in the market. Trading in a demand zone, it is aligning itself for a likely bullish progression. 💎 Recently, #ZCASH demonstrated respect for the internal supply level at $34.76, encountering it for the third time before initiating a downward trajectory. Currently, It is holding above the trendline. An intriguing aspect to note is that despite facing strong rejections from the supply zone, $ZEC has not breached its previous low, hinting at a robust potential for an upward movement. 💎 However, in the ever-changing terrain of cryptocurrency trading, #ZEC traders must be prepared for diverse scenarios. If $ZEC struggles to maintain its bullish course and falls below the current demand level of $29.72, a change in market direction might be imminent. Traders might then need to adjust their strategies, focusing on a bullish resurgence from the support level of $28.61. 💎 Importantly, should #ZEC descend below this secondary demand level, it would necessitate a critical reassessment. Such a turn of events could suggest difficulties in sustaining the bullish trend, calling for a strategic reevaluation and adaptation of trading approaches. 🌴💰
Long
by MyCryptoParadise
1
ZEC USD - Wyckoff Accumulation Phases This analysis is for my own education, I am trying to learn the wyckoff method so please correct me if I am wrong. Phase A: We can clearly see the stopping of the previous down trend and the dominany supply. Preliminary support (PS) is very short lived and followed by continuation of selling climax (SC). We can see the Automatic Rally (AR) right after the SC. There is a secondary test which is successful but not quiet close to SC support, so there is less selling. Phase B: Price swings are wide and high volume throughout Phase B, which takes around 4 years. At times showing Signs of Strength (SOS) within the trade ranges (TRs). Phase C: I believe we are now in Phase C, with a strong pullback after some SOS. Price moves below Phase B trade ranges. Volume has been fairly low. We could call this area LPS - last point of support. I identify this zone to be a bear trap. This can mark the beginning of a new uptrend soon. The current crypto market conditions also support this analysis. If we see a sign of strength again soon, it could validate it. Phase D: If this analysis is correct, we should see a dominance of demand over supply for Phase D to activate. Expect a price movement towards the top of the trade range. Indicators: TLL RSI - heavily oversold Money flow - shows sign of reversal but still not validated, we need to go above 0. Volume: Low
BITFINEX:ZECUSDLong
by TheAlchemist888
11
ZEC/USDT Break the resistance or back to testing ?? 💎 ZEC has undeniably garnered significant attention in the market. Presently, ZEC is grappling with a formidable resistance area and encountering challenges in breaking through. The historical price data reveals a flash dump following attempts to breach this robust resistance. A successful breakout from this resistance zone, probability could pave the way for reaching our target in the near future. 💎 In the event of a failure to break through in the immediate future, there's a likelihood of a valid rejection, signaling a potential downward movement towards the demand area. This could instigate a new momentum to attempt another breakout. 💎 The unfavorable scenario unfolds if, during the retesting phase at the demand area, ZEC struggles to maintain its position and eventually breaches the demand zone. In such a scenario, ZEC would revert to a bearish movement, potentially retracing to the strong support demand area.
by MyCryptoParadise
ZEC/USDT Need to Bounce from here or Downward is coming!💎 ZEC has undoubtedly captured our attention. Currently positioned in the demand zone, ZEC exhibits signs of a bullish rejection, suggesting a potential rebound to challenge the supply area once more. For a confirmed upward trajectory, ZEC must breach the supply zone. Successfully doing so, particularly with closing above, could indicate a strong likelihood of continued ascent toward the supply and Bearish OB zones. 💎 Reflecting on past movements, ZEC has shown resilience, bouncing off the demand zone but facing rejection near the supply area, leading to a price pullback and a retest of the demand zone for renewed momentum. 💎 However, there's a precarious aspect to consider. If ZEC falters and fails to maintain its stance in the current demand zone, it might breach the demand boundary, sliding down to the support zone. Here, it's imperative for ZEC to rally, reclaiming the demand zone to set the stage for another attempt at breaking through the supply. 💎 Conversely, a less favorable scenario unfolds if ZEC succumbs to the pressure and relinquishes the support zone. Such a development could set the stage for a further descent, propelling ZEC toward the critical support area, signaling a bearish undertone for its market trajectory.
by MyCryptoParadise
Zcash Kraken Perpetual Futures Pump Cycle HopeBrave, Electric Coin Co. (ECC), and Filecoin Foundation announced they have partnered to bring new innovations to the Brave ecosystem. Brave revealed plans to integrate the Zcash protocol into its built-in crypto wallet following support from ECC. The trio will also work together to roll out a new, privacy-based messaging feature on the browser. Following efforts to further enhance its privacy schemes, Brave, a blockchain-based browser has announced a partnership with Electric Coin Co. (ECC), and Filecoin Foundation. According to the announcement, the partners will work together to create cutting-edge innovations targeted at bringing new privacy features to the Brave browser and its integrated Web3 wallet. ECC Empowers Brave to Integrate Zcash Protocol As the platform behind Zcash, ECC's partnership with Brave will see the latter incorporating the Zcash protocol into its built-in crypto wallet.
KRAKEN:ZECUSD.PMLong
by noam_chom
Long Privacy Coin Leader: Monero XMR, Follower Zcash ZECLazarus Group, an infamous hacking group of an unknown number of cyber criminals allegedly run by the government of North Korea, currently holds more than $47 million worth of crypto assets in their wallets. The blockchain analytics provider Dune Analytics, which gathers on-chain crypto data and makes it accessible to the blockchain community, revealed that stolen assets include Bitcoin, Ethereum, BNB, and Binance USD, among other stablecoins. Still, the current amount of stolen funds has dropped by $39 million compared to the $86 million the Lazarus-linked wallets held on September 6. The figure was noticed a few days after the online gambling platform Stake became a victim of the group and lost $55 million in the incident. coinmarketcap.com
XLong
by noam_chom
Revisit Grayscale Zcash Trust Privacy Crypto Scarce Supply ZECWe appear to be experiencing the late-stage of Grayscale Solvency FUD, Anti-Barry Silbert FUD, and peak macro-doomer saturation If true then the trend could reverse and give opportunity for 100-400% upside. Take a Look at the performance of Grayscale ETCG from its 2018-2019 lows to highs that occured mid-cycle, pre-bull run (More than 500-600% gained) Grayscale® Zcash Trust (ZEC) (ZCSH) Digital Assets OTCQX US TradeSet AlertAdd to Watchlist $1.895 Today's Change $0.205(+12.13%) Bid/Size $1.85/160 Ask/Size $1.94/628 Today's Volume 4.9KAbove Avg. Today's Range $1.69$1.95 52 Week Range $1.50$17.30 Today's Open $1.69 Previous Close $1.69 Quote as of 10:51 AM ET, 01/09/2023
OTC:ZCSHLong
by noam_chom
1
Zcash about to Attempt to Go Turbo Mode ZEC $200 September?!The massive dump has been caused by miners liquidating. Levered futures players are also getting washed out Our mission at Electric Coin Co. (ECC) is to empower economic freedom, and to that end, we contribute to and support a fair, open currency to protect the freedom, dignity, consent, and security of people all over the world. Sensible policy guidance and education are at the core of our work with socio-political stakeholders, and ECC advocates that privacy is essential for personal, business, and national security. Our partner network in these endeavors includes think tanks, academic research centers, and nonprofits that provide thought leadership and advocacy for issues that affect Zcash users. Zcash is compliant and fully compatible with global AML/CFT standards, including all final FATF recommendations, the European Union’s Fifth Anti-Money Laundering Directive, and the United States’ Anti-Money Laundering regulations. It is approved by the New York State Department of Financial Services (NYDFS), a key requirement for listing on major exchanges, like Gemini and Coinbase.
COINBASE:ZECUSDLong
by noam_chom
5
Zcash big picture. Is Prosperity in Our Future? ZEC DXY Long-term sustainability with the Zcash Posterity Fund Nathan Wilcox | August 4, 2022 As we conduct research into Proof-of-Stake (POS) and develop a recommendation for Zcash, an outstanding key area is how the issuance schedule for new ZEC would interact with PoS security. In this post, we take a step back from PoS itself, and analyze how issuance and fees support long-term network sustainability. We introduce a proposal, which we call the Zcash Posterity Fund (ZPF), for modifying ZEC issuance in order to improve long-term financial sustainability of the network, while maintaining the 21M ZEC supply cap and approximate issuance rate. This proposal is independent from PoS or any consensus protocol recommendations and could be adopted with the current PoW consensus protocol with the same benefits and drawbacks. We will be gathering feedback from across the Zcash ecosystem about this proposal. Why now? We believe this proposal could be a beneficial precursor to three promising lines of development for ZEC: Improvements to transaction fee mechanisms can use the Zcash Posterity Fund to improve resilience and predictability of the network. A transition to PoS can rely on this proposal to ensure key properties of the supply and issuance schedule are preserved. New functionality such as Zcash Shielded Assets can use this proposal for new fee mechanisms that have good incentive alignment for ZEC sustainability. Because all three of these nascent improvements are underway, we want to float this proposal now to see if it can benefit all three efforts. Additionally, this proposal introduces a way to direct funds towards sustaining the network into the future, so adopting the proposal earlier enables that funding mechanism to begin accruing value earlier. Funding the network The core innovation of Bitcoin which all cryptocurrency inherits is that the network funds itself. In Bitcoin, Ethereum, and many public crypto networks, the built-in funding is paid out to block producers. In Zcash, this funding is split between block producers and the Zcash Development Fund, which contributes to education, technology development, and other activities that support and enhance ZEC. Generally, funding to support a network can either come from within the protocol itself, for example in mining rewards, or from other sources, such as when an organization has raised capital elsewhere and funds development work on the protocol or products. External funding is important and can have a large impact. However, there’s no guarantee when or where these sources will appear, that these funding sources have incentive alignment with ZEC holders, or that they will remain as dependable sources of funding over a longer period. For all of these reasons, we believe it’s important for ZEC users to focus on maintaining or improving the intrinsic sustainable funding mechanisms in the protocol itself. This post and the Posterity Fund proposal focus on the sources and amounts of network funding and are agnostic as to the recipients, so they are applicable to the current mining & Dev Fund structure of ZIP-1014, or future changes to infrastructure & development funding, consensus mechanisms, or other changes to funding recipients. The Zcash Posterity Fund We propose a change to the Zcash issuance system we call the Zcash Posterity Fund to help reduce uncertainty about the long term sustainability of Zcash while maintaining the key properties we believe most ZEC users prioritize. The proposal maintains these properties (along with their benefits and drawbacks): The 21M ZEC supply cap, A disbursement rate that continuously halves every four years, A non-discretionary issuance rate. Meanwhile, this proposal would change these high level features from the current Zcash design: The halving epochs would be replaced by a smoothly declining disbursement curve, Fees which deposit into this mechanism would be distributed over time in block rewards. Zcash Posterity Fund definition The specific high level definition of the Zcash Posterity Fund proposal is as follows: If the proposal is activated, a new Fund would be entirely managed by the protocol. (There are no private keys, wallets, individuals, or organizations controlling this protocol-managed Fund.) The initial balance of the Fund when created is equal to the number of not-yet-issued coins, or equivalently 21M ZEC minus the current outstanding supply. Starting from the block of activation, the current block reward rules no longer apply, and instead block rewards come from ZPF Disbursements. The proposal does not define the recipients of disbursements, which should remain unchanged if this proposal is accepted. Meanwhile, the proposal does restrict the amount of disbursement: Disbursements may be no more than a fixed percentage, X%, of the Fund’s current balance in a given block. The parameter X% is calculated from the block target time so that without any incoming Fund deposits, the balance of the Fund reduces to half over a four year period. If future changes to consensus rules alter the block target time, or other aspects of transaction finalization timing, those changes must update this X% parameter to fit the “four year half life” rule to the best practical approximation for that new protocol. Future consensus changes should not alter the balance of the Fund other than by instituting new deposits from the extant supply. Future consensus changes should not increase the disbursement rate X% beyond the “four year half life” rule. The final piece of the ZPF proposal is that it now becomes possible to transfer Funds from the circulating supply back into the Fund via Deposits. Future protocol-enforced fee mechanisms may require fees to do this. This base proposal is not specific to any particular deposit mechanisms. Visualizing changes to issuance & supply schedules If this change were adopted and there were no deposits, the disbursements would alter issuance away from halvings into a smooth curve. We can visually compare current issuance to disbursements without deposits for a hypothetical activation height: Current issuance vs Zcash Posterity Fund disbursements. This uses a hypothetical activation height after the second halving. If there are significant deposits into the Fund, the slope of the disbursement curve would be increased above the line shown. In any period without deposits, the curve would continue to have the same rate of exponential decay with a negative slope. The impact on the overall supply schedule in the absence of deposits is barely visible at a long time scale: Current supply schedule vs Zcash Posterity Fund disbursements (w/out deposits). This chart uses the same hypothetical activation height as the previous chart. In the presence of deposits, the supply will always be equal or less than the line above. With sufficient deposits the supply growth rate can even become negative during that period. The Posterity Fund and sustainability The essential element of the Posterity Fund is to enable deposits from the circulating supply, which allows a feedback loop from current usage to future funding: Comparing Tokenomics between status quo vs the Zcash Posterity Fund proposal Both the status quo and this proposal have a capped supply of 21M. We can think of the proposal as introducing a single new element, deposits, which enable a feedback loop between the circulating supply and future funding. This does not “solve” long term sustainability by itself, but it provides a framework that focuses the problem of sustainability on finding sufficient sources of deposits to maintain the network. If over longer time scales of years, the rate of deposits is equal to or larger than payouts, the system can run indefinitely. Meanwhile, if over shorter time spans of months or less, the deposits are below the payout rate, the protocol can weather that period for quite some time. Sustainability of the status quo So far the Zcash network funds itself using the Bitcoin design. New coins are issued on a schedule that approaches a limit of 21M units over time: BTC & ZEC supplies over time The issuance over time follows the Bitcoin halving schedule design: ZEC issuance
Long
by noam_chom