Quote:
Originally Posted by housenuts
Zcash Dec 30 futures going HAM on bitmex right now. Up 40x or so.
Genesis block starts tomorrow
Futures going for 1.6 BTC per ZEC right now. Trading started around 0.02. 80x increase. Could be a classic pump and dump, or zcash could be real.
ZCash (ZEC) has a similar structure to bitcoin. 21 million cap. The difference is ZEC is fully confidential. Sending address/receiving address/transacted amount are all completely encrypted and unviewable on any block explorer unless the parties want to reveal. This makes is much easier for black market activity. The government definitely won't like it. Should that make it worth more than bitcoin? We'll see.
On Dec 30, there will only be around 330,000 ZEC created by that time. So even if 1-10x bitcoin price, it's total market cap will still be less.
Still fascinating to watch it pump up.
Genesis block should be within 1.5 hours and then we'll see it traded on exchange.