Zcash

“I don't know if there's any other example, but there should be, because it's really great, because it aligns the incentives of the, of everyone involved, everyone in the system, all the miners, all the token holders who buy or use the tokens, and the company a…”

“Those Zcash coins are trading for about 200 dollars a piece on about 15 or 20 different markets in, in different countries around the world, and every day there's about twenty million dollars worth of coins transacted which puts it in the top tier of this kind…”

“Protecting users, even if there's a concentration of mining power, that's possible. So don't misunderstand and think that we have to have distributed mining in order for it to be useful.”

“So what we did was, when we were planning this, and this was just gleams in our eyes, we raised funding from a set of Silicon Valley and Bitcoin angels. There were a couple of Silicon Valley DCs, but they were almost all angels. We raised three million dollars”

“It's a fork of the software. We copied the Bitcoin software and added our cryptographic improvements. Okay. But it's not a copy. It's not a fork of the Bitcoin blockchain. It's a separate independent blockchain, Zcash blockchain.”

“Yeah, I like that analogy because we protect the access to the data, the confidentiality of the data that goes into the blockchain.”

“And what we did instead was we started with nobody having any of the money, and we just had mining, which was an innovation that we copied from Bitcoin, so that anyone who has a sufficiently powerful computer connected to the internet can participate in buildi…”