From NYC Oct 28: This was a great episode in which we finally talked about the ZCash Nonesense. I had tweeted the following chart on Monday Oct 24th but it needed further explanation: https://twitter.com/Tone_LLT/status/790555311954329601
1. ZCash – ZCash is a borderline scam. The coin itself may not be a scam as it appears to have been launched fairly though very stupidly throttling initial mining reward that generated massive amounts of demand with no supply. This is why when normalized for the price of 1 ZEC it reached insane levels of over 25 BTC. The reason why I think it’s scammy is because initial investors have to know that this project will fail and they ware selling their initial stake on to bagholders so early in the life span of this project that they will not be there for their implosion to have suffered any of risks or costs (even if that implosion is only 6 months from now).
2. Bitcoin Price – It’s going up :). Many suspect it’s the Chinese devaluation but I’m skeptical. As for the top, on my Analysis YouTube Channel I said a week ago that the target price is $720 before we pull back and retest some support, looks like I was right (so far)
3. Barcleys Closses Coinjournal Account – This is what happens when you have a Bitcoin business that is not really a Bitcoin business. Deal with it.
4. Stash Node – This topic is outside my area of expertise, even I can’t know everything :).
Here are also some comments for people to consider, all you have to do is replace TheDAO, Monero & Steemit with ZCash:
