But what problem does zcash solve going to proof of

It’s not the same. In fact I like the formula « start with pow and switch to pos » With 21 million cap, the majority of coins will be distributed during the first decade. Pow is good to distribute. And decade is enough to create a community and to distribute the most of supply. With pos these believers (holders) will be those who guarantee the security of the network, not necessary the gouvernance. the final objective of bitcoin miners when the most of btc will be mined is to earn on transactions. With pos you can potentially have a node on you phone or at least some kind of pod at home and light client on your phone. With PoW you can’t do that. Why burn the sum of electricity when the most of revenue is coming from transactions instead of mining new « gold »

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15.05.2022

Sunzec

Tim
It’s not the same. In fact I like the formula « st...

Yeah we know that Bitcoin's emission rating, halvening and supply cap has the potential to bootstrap a community and a digital asset to reach ~1 trillion Mkt cap.

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15.05.2022

Tim

Sunzec
Yeah we know that Bitcoin's emission rating, halve...

Mkt cap currently defined by volume on exchanges. It’s not a buying power of the whole network users except everyone paying in btc without selling

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15.05.2022

Sunzec

Tim
Mkt cap currently defined by volume on exchanges. ...

Interesting have not thought of it in that way

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15.05.2022

Bandana Waddledee

Tim
Mkt cap currently defined by volume on exchanges. ...

"Definition For a cryptocurrency like Bitcoin, market capitalization (or market cap) is the total value of all the coins that have been mined. It’s calculated by multiplying the number of coins in circulation by the current market price of a single coin."

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15.05.2022

David · Accepted Answer

David

Allow more to participate

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14.05.2022

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But what problem does zcash solve going to proof of

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