• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Zcash Hype

Zcash: Where Is All the Hype Coming From?

Amanda B. Johnson by Amanda B. Johnson
7 years ago
in Altcoin News, Altcoins
0

Not even Ethereum — a network now worth over a billion dollars, if you combine both its “regular” and “classic” versions — received this much hype at launch. But if the Zcash buzz is just “hype” and not something like “the obvious signal of a shimmering new era in cryptocurrency,” where is it coming from? And more importantly, why is it happening?

Also read: Altcoin Report: Ethereum Classic Embraces the Hard Fork

Explaining the Zcash Hype

Answers to these questions offered in this video — if you don’t want to hear the initial comparison of Zcash to Dash, just skip straight to minute 12:03.

Observing the hype cycles within cryptocurrency — the “pump’n’dumps,” the joys, the sorrows and disappointments — I’ve come to develop a loose and basic theory: that there are two predominant investor types within cryptocurrency at this time. And not much of anyone else.

Investor Type 1

The first investor type solidified in my mind when MIT released their conclusive report recently on their “Bitcoin giveaway to graduates” experiment.

(Yes, did you know it had been an experiment? Neither did I.)

As a refresher, all graduates of MIT were offered $100 worth of free bitcoin in the fall of 2014. Unbeknownst to myself and others, the architects of the giveaway were purposely giving first access to those identified as non-early adopters. Only after that group had been saturated did the architects then offer the bitcoin to those identified as early adopters of technology.

Study architects Christian Catalini and Catherine E. Tucker observed the following:

Our results suggest that when natural early adopters are delayed relative to their peers, they are more likely to reject the technology. We present further evidence that this appears to be driven by identity, […] in settings where the natural early adopters would have been somewhat unique in their tech-savvy status.

Person seeking to feel unique in their tech-savvy status — Investor Type 1.

Investor Type 2

The second type I’ve identified is the kind of person just looking to make a profit, but lacking in a rigorous knowledge of cryptocurrency fundamentals. Because he lacks knowledge, he therefore doubts his own judgment, and instead looks to authority-types to tell him what he should buy.

This frame of mind is all-too-common within the non-crypto investing world, as well, as succintly pointed out by Christian Bale’s character in The Big Short — you know, the character based on real-life fund manager Michael Burry, who made hundreds of millions of dollars shorting the housing market:

People want an authority to tell them how to value things, but they choose this authority not based on facts or results. They choose it because it seems authoritative and familiar.

Then, person wanting to be told how to value things from a familiar authority figure — Investor Type 2.

A quick glance at this very-public Zcash investor list reveals a whole host of familiar, authoritative faces. Check.

Conclusion

With a simple (or potentially super-) majority of the cryptosphere being made up of two investor types — those seeking recognition as early adopters, and those seeking direction on what to buy — it becomes easy to see where the Zcash hype comes from. It has the appeal both of being brand-new, hence affording early-adopter status, as well as a long list of public investor names to inspire confidence in those lacking fundamental knowledge.

What do you think? Let us know below.


Cover image courtesy of Pixabay.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Amanda B. Johnson

Amanda B. Johnson

Currency protocol analyst and host/writer of YouTube show DASH: Detailed.

Related Posts

Terra Classic USTC

Resurrecting The Dead: Can This Terra Classic Proposal Send USTC To $1?

1 day ago
Altcoins

Altcoins In Turmoil: Top Analyst Predicts Challenges Ahead

5 days ago
Pro-XRP lawyer

Pro-XRP Lawyer Drops Bombshell Announcement About Ethereum

5 days ago
XRP Ripple price

XRP Price Down 46% Since July 2023 But Liquidity Up 50%, What This Means For The Token

1 week ago
Altcoins

Crypto Analyst Reveals The Best Time To Buy Altcoins

2 weeks ago
metis

Metis Provides Support for Users Affected by PolyNetwork Exploit While Improving Cross-Chain Structure

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Ripple (XRP) And Solana (SOL) Making an Attempt to Break...

    7 hours ago
  • 3 Penny Cryptos That Could Reach $5: $QUBE, $XLM, and...

    11 hours ago
  • Bitcoin Spark Breathes New Life Into Crypto As Litecoin...

    11 hours ago
  • Mercante Technologies to Launch AI-Powered Customer Support...

    13 hours ago
  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.