Is Zcash the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Zcash differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Zcash
| Principle Broken | Specific Issue |
|---|---|
| ❌ Fair Launch | 10% of all mined coins auto-distributed to founders, first 4 years |
| ❌ Fair Launch | Founders extracted 2.1 million ZEC (20% of mining rewards) |
| ❌ Fair Launch | After 2020 halving: ECC gets 7%, Foundation 5%, Grants 8% |
| ❌ Trustlessness | Trusted setup ceremony required trusting 6 people initially |
| ❌ Trustlessness | Compromised setup could allow undetectable counterfeiting |
| ❌ Trustlessness | Counterfeiting vulnerability discovered March 2018, disclosed later |
| ❌ Immutability | Inflation bug could have created unlimited shielded coins |
| ❌ Immutability | Anyone with MPC ceremony transcript could create false proofs |
| ❌ Proven Security | Critical counterfeiting vulnerability existed until October 2018 |
| ❌ Proven Security | Shielded transactions hide amounts, counterfeiting undetectable |
| ❌ Decentralization | Electric Coin Company receives 7% of all mining rewards |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Zcash and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.