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RE: Only In Cryptoland: On Zcash, Steem, and Uncertainty
That's crazy. So far I have mined 0.01 ZEC so that should be worth 30 Bitcoins. If only it weren't the usual exchange shenanigans!
That's crazy. So far I have mined 0.01 ZEC so that should be worth 30 Bitcoins. If only it weren't the usual exchange shenanigans!
I think it's most likely the same person.. or just a troll who started a gamblin' bout that high-stake cryptofolks just joined for fun (or it might've spiralled out of control!). Don't think it'll be higher than btc in a month.. I wonder how the price got so crazy. Limited edition doesn't mean much in cryptoland..
You are probably right. I have seen these initial crazy prices on a lot of coins. I think sometimes they are designed to skew the price averages. It is definitely like gambling though!
The crazy price is is just a reflection of human irrationality - there has been so much hysteria over Zcash - some of us have been hearing about it since early 2014.
Even then it was being heralded as the next big thing to take over from BTC - I am rather more reserved though.
Have seen it all before. Will be fun to watch though.