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    Author Topic: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax  (Read 340335 times)
    gsxrboy
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    November 30, 2016, 03:29:12 AM
     #1181

    Let me get this straight,

    The zcash founders were entrusted with keys to print as many zcash as they wanted. Now they've went on record of destroying these keys. But no one will ever know how much was ever printed beforehand because there's absolutely no way to tell. They could in effect have an unlimited supply and no way to verify.Huh?



    8 people would have had to collude during the creation ceremony including peter todd.  If they destroyed the keys as they say no coins can be created outside of schedule.

    If even one of them actually succeeded in destroying their part of the key and any means to reconstruct it, then no one can create any covert coins without hacking the cryptography itself or some such extreme scenario.

    I don't think there will ever be any way to verify that this was done successfully. Although it is hard to imagine that it wasn't given how much was riding on it and the level of expertise of the guys entrusted with doing it. I feel pretty sure at least one of them did manage to destroy their part with no trace left at all. It seems likely that several of them will have succeeded imo.

    8 people will collude sounds hard, but the fact is that all these people may know each other, that would make it not so hard to do... There's always the aspect of the real world, people are related to each other.

    If the coin is successful , Bitcoin successful  the founders will have 2.1 Million coins, if the coin ever reaches $1000 that's

    2 100 000 000 $

    Do they need better incentive then this.

    Why jeopardize...

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