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    Author Topic: [ANN][ZEN] Horizen: Unbounded By Design  (Read 217297 times)
    TheHas
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    July 11, 2018, 11:12:57 AM
     #3441


    Who gives a damn about ZEN being a commodity.  Many of us here say it's a "currency."  Many here believe it's both.  What the hell does that have to do with the FACT that ZEN is a PRIVATE (not public) company who is subject to audit at any time from the I.R.S.

    Why don't we just say that Zencash is a digital token that allows you to participate on the Zencash network... just like the legal notice here:  https://zencash.com/assets/files/ZenCash_LEGAL%20MEMORANDUM.pdf

    It has properties of a currency, and it's value is based upon market demands, and the amount of effort put into mining new tokens.


    Exactly. It has the values of a typical cryptocurrency coin, in that coins are minted over time by a set of rules through mining and nodes.

    However, zencash also has properties of a 'token' as it provides services that have a market value through initiatives like Zen pub, chat and hide.
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