VHS became popular because of marketing when Betamax was the better product! Microsoft OS’s became popular where the same, never the best, just sold to the right people in the right way.
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Well, I guess privacy and anonymity is different and cannot be compared to those other products. So with all their wonderful PR, how come JP Morgan didn’t pick Monero or Dash to collaborate with?
EDIT:
But they were both eventually beaten by laser. In other words, we have dash - VHS, Monero - Betamax and Zcash - laser. To be fair though, VHS, Betamax and DVD all let you watch movies while only Zcash actually delivers privacy/anonymity.
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HTTPS also has nothing to do with the mainstream world at large. The only people concerned with https vs http were nerds - no one else gives a fuck bout that shit they just want their website to work fast, be easy to use and look good. I’d bet 85%+ of all internet users didn’t even notice the changeover on their fave sites.
Audiophiles will gladly buy $5000 speakers and headphones and only get FLAC or Vinyl cuz of “better tech/quality,” but the world at large was just fine with shitty iPhone earbuds with low bitrate MP3s despite being absolutely horrible in comparison. At MOST they all wanted $300 beats headphones. Cuz of the tech? HELL no, they suck. But they’re cool and talked about and get the job done decently. They give someone status to use and be seen using.
And I’m assuming we all want mass adoption of ZEC right? Otherwise why are we doing this? Do some just want this to be a niche coin?
I don’t. I want it to be bigger than bitcoin - you still ask 10 random people off the street what bitcoin is and 5 will have no idea, and 2 will only have heard of it in passing.
As for Zcash, we’re hella new so no one knows about us. And if the FIRST things they hear about it are other crypto fanboys BASHING the currency, that first impression will last.
The point is - only the hardcore in anything care about the tech/quality. The mainstream will want whatever OTHER PEOPLE tell them about.
We need PR/Marketing to really make this work. And it needs to start FAST. And I’m sure the team knows that and has plans. My thing is just don’t assume Zcash is gonna win on tech superiority alone. The odds are massively against that happening.
EDIT: Hope I’m not coming off as a dick, I kno it looks like that sometimes. Jus passionate that’s all. It’s all love.
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It’s not like zcash competition (if we can even call it that) has some low-quality but cheap anonymity features to offer that almost everyone will be using instead of zcash and be able to do ‘sort of’ anonymous financial transactions. There is a reason why JP Morgan partnered with the Zcash team in particular.
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Good point, but couldn’t it be argued that XMR is that low-quality and more widely adopted competition? First mover advantage is a real thing in the market. And the fanboys shitting on ZEC without a balanced opposite view won’t help.
I hear what you’re saying and I agree with you - we’re the best coin out there. And there is definitely a thriving community here of people who kno wussup. the fact remains - we should want mass adoption, not niche use.
Blockchain is the future of the world economy imho. ZEC has the potential (because it’s a good product, if i can call it that) to be in the top leagues and a widely used, mass adopted form of currency around the globe. but the detractors + lack of positive PR out there are leaving people with bad first impressions. And that has the potential to limit our growth in the long term.
The JP Morgan news is exactly the type of stuff we need happening and getting the press (and people) talking about. Not sure if it’s a coincidence that the ZEC price skyrocketed on the very day of that announcement.
There’s a couple members here who are doin a solid job of trying to help with the PR problem and I say salute. Hope there is a bigger marketing/pr effort on behalf of the team/org behind Zcash sooner rather than later, though.
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We need Antonio Banderas ASAP!
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I am surprised how stagnant the ZEC market on Kraken has been today. Been bouncing b/t $189 and $191 since last night. And there have been no shortages of buyers either. Big orders just sit there getting whittled away until the next one comes in. Just an uneducated observation. 
It’s all because of the HODL. People think the price will magically go up if they hold onto Zcash.
wait… u mean it wont? 
People obviously are not HODL if the orders are fulfilled. They apparently don’t know what HODL means.
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Hi kek. In long term, say after 2021 onwards when coin circulation of zcash and bitcoin is similar in quantity. What is your view about the price ratio zec and bitcoin ? Do you think zec = 0.1 btc would be at the minimum ? or do you believe zec might reach parity with bitcoin as more people would prefer to use zcash for privacy reason ? or might be just 0.5 btc ? I am interested to know your view.
No magic, just good ol’ law of supply and demand.
Volume of Zcash would be much higher if a lot more people traded that’s what I really meant. Usually higher volume could result in higher prices due to supply and demand. But since Zcash is so new the full potential of the coin isn’t fully implemented. So HODL is the name of the game right now since the value of the coin will increase once the coin is using its full features.
About 15 million / day worth of zec is not being hodled at the current price (~190 / zec).
Maybe I am too optimistic right now then. Probably in a few months or so things might change.
; D give me a second! i’m really good with working @ year scale… but, that far out is really difficult to forecast with great accuracy (too many variables)… but i’m having fun thinking about it… so, i’ll make an attempt for fun …but, would like this to be somewhat accurate, so i can come back here in 2021 to revisit the prediction.
side note - believe i’m going to raise my price targets, and give clearer dates here in a minute… just need confirmation on something before i post new targets
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Sometimes I am not that interested if we value bitcoin against any fiat currency. It might be one day 1 bitcoin equal to USD 1 million because of hyper inflation, massive money printing, war etc etc. Who knows ? But it seems most people are very keen to know how other crypto versus bitcoin in the future. I got a feeling zcash might be as strong as bitcoin in future. I just see no reason why people want to do any money transaction with bitcoin as it would have no privacy (all are open public ledger). They can just use a normal bank then. But let’s have a thought about it.
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Zooko illustrated bitcoin as http whereas zcash as a https. If we look around these days, most websites are in https format including the simple one. I think people has a feeling of “more secure” if their information is encrypted but it might not be needed or necessary but most people prefer anyway.
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true most websites switched over to https, but to give zookos analogy a bit more context, imo (as a digital marketer by day) the majority of websites only switched over to https because Google said https would be given higher trust signals in their search algorithms than http websites.
And everyone wants to be on Page 1 of Google, so they switched. If that wasn’t the case many (including myself) wouldve stuck to http in a lot of cases.
If it wasn’t for that additional value Google gave webmasters who used https, who knows if there’d be as wide spread adoption of https - especially for the simple/small websites.
So maybe for the ZEC mass adoption to happen on the basis of bitcoin = http, zcash = https - we need some sort of added value to the overall market outside of what’s inherently valuable about the tech. We need institutions to say, look you can use bitcoin but if you use zcash you’ll get more value from us.
That will definitely drive mass user adoption.
Similar to the JP Morgan co-sign of zcash blockchain technology. Or the fact that AlphaBay was bringing on zec as an option.
Now if that happened, and Alphabay took it a step further and said:
“Hey zcash is more secure and a better option than bitcoin. You can still use bitcoin, but if you use Zcash you’ll get a 5% discount on your purchases.”
That type of shit wouldve taken us to the moon. And we wouldn’t have ever come back down. We absolutely need this type of stuff to happen.
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Think future pump will be institutional demand. Many of their clients will probably not even know that they bought zec.
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