{
  "trx_id": "fb9417c622c8368bedd1d057809a09bb6304b035",
  "block": 106149301,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-18T05:09:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "7108.474991 VESTS"
    }
  ]
}

{
  "trx_id": "6b8425d302745898922ce59ade95f27b7452b583",
  "block": 105999496,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-12T23:42:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "4396.264586 VESTS"
    }
  ]
}

{
  "trx_id": "870cdcba25f30eccb6b69081b27561634883e331",
  "block": 105516818,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-26T04:22:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "7120.990747 VESTS"
    }
  ]
}

{
  "trx_id": "5f63ce0bb5a703cc25b30124f75161050d46009d",
  "block": 102867574,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T20:57:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "4437.811405 VESTS"
    }
  ]
}

{
  "trx_id": "47f0551db3ea8d660d5f42e8aa01df6ef0dbdbad",
  "block": 91313805,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-17T16:08:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "4602.030602 VESTS"
    }
  ]
}

{
  "trx_id": "ed0dd0c2860c2b44b85a3e9680362ef025d05229",
  "block": 79867964,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-14T07:49:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "4771.164134 VESTS"
    }
  ]
}

{
  "trx_id": "c57c1da0c4a9c5bb57b4144b624f31eb4bd48e53",
  "block": 78361245,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-22T09:02:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "7708.072920 VESTS"
    }
  ]
}

{
  "trx_id": "8aa2528ab14e7b83086f4e9558d864abf7770623",
  "block": 69119204,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T16:40:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "7930.124358 VESTS"
    }
  ]
}

{
  "trx_id": "484793dce2c2f3eab573a5ab21eea93f2245d0ea",
  "block": 60822594,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T21:59:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8150.231959 VESTS"
    }
  ]
}

{
  "trx_id": "0c72f3be73188a1bebc6a88479e52c5701eb603c",
  "block": 54612980,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T05:13:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8334.426247 VESTS"
    }
  ]
}

{
  "trx_id": "f9948641f2bd4067cb28872049ec8904c338c987",
  "block": 49360276,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T15:26:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8521.848221 VESTS"
    }
  ]
}

{
  "trx_id": "6d012e22ddea45c2946b4ce45c2ea9173505acee",
  "block": 49211805,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T09:02:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}

{
  "trx_id": "86514ad6830201be32bf4545a4cc3b1620112caf",
  "block": 49195358,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T19:04:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8528.056075 VESTS"
    }
  ]
}

{
  "trx_id": "0441626bc046c163cb31527cbe7cbb63dc30f09c",
  "block": 48268346,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-03T00:35:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}

{
  "trx_id": "9a16e9c62106184e9f712826e0fcbad6ec7ec0af",
  "block": 43222120,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T10:04:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8730.861434 VESTS"
    }
  ]
}

{
  "trx_id": "0b9404c78b2a2f14d0793c08107570cfee7b37d8",
  "block": 43198988,
  "trx_in_block": 93,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T14:20:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}

{
  "trx_id": "ce9b8eabef3a3c3f25ea99bb147ee28f8169eeed",
  "block": 42568397,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-16T02:38:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8743.748882 VESTS"
    }
  ]
}

{
  "trx_id": "a52ad3e76aecec00e9ff71418b313e6e77ab7671",
  "block": 33872751,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-17T07:47:33",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-playingpoodles-20190617t074732000z",
      "title": "",
      "body": "Congratulations @playingpoodles! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@playingpoodles/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@playingpoodles) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=playingpoodles)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "abb074bd1ab2c0b76438f08c5d14e4d97f6375be",
  "block": 32851316,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-12T19:45:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "8939.365695 VESTS"
    }
  ]
}

{
  "trx_id": "e800abf0230183d1ecca76dfc568098c1bf9d871",
  "block": 24008592,
  "trx_in_block": 23,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-07-08T23:15:15",
  "op": [
    "vote",
    {
      "voter": "chubutano",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "e551b04d723f6fdd51cd55d072b4fff4f2c115b8",
  "block": 22493951,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-05-16T23:42:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "9138.976563 VESTS"
    }
  ]
}

{
  "trx_id": "cad0a58f058f5b433eeeca1d522c2d00c40d3ad9",
  "block": 21618712,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-16T13:39:45",
  "op": [
    "vote",
    {
      "voter": "ginacarr",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "4050bbf8d07359344b87f463bca14a50f7b6e873",
  "block": 19776500,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-02-11T12:53:33",
  "op": [
    "vote",
    {
      "voter": "ventusky",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "1b49b8d05e5e827a995a722346d49b66be2d3283",
  "block": 19714771,
  "trx_in_block": 14,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-02-09T09:25:21",
  "op": [
    "vote",
    {
      "voter": "achalm",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ae7be74995dac485f97b2027ac4d546485ad0747",
  "block": 19264005,
  "trx_in_block": 27,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-24T17:13:51",
  "op": [
    "vote",
    {
      "voter": "elldekaa",
      "author": "playingpoodles",
      "permlink": "monero-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ad7bacd0f58d74a348aeddbf67e7ea31c825eb10",
  "block": 18894779,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-11T21:20:24",
  "op": [
    "vote",
    {
      "voter": "fujimo",
      "author": "playingpoodles",
      "permlink": "monero-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "8308fe7004eb4d91f507d3e7f07ad1376b40ae54",
  "block": 18819882,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-09T06:54:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "29689.987201 VESTS"
    }
  ]
}

{
  "trx_id": "4d4fc918e99e7411a91bb2325487b57129825413",
  "block": 17808448,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-12-05T03:27:30",
  "op": [
    "vote",
    {
      "voter": "sagescrub",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "b3a8d35b239c1b41575edd98288b9ac1ebb3d0b7",
  "block": 16608595,
  "trx_in_block": 28,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-10-24T11:06:51",
  "op": [
    "vote",
    {
      "voter": "stanec",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "9eca62ef6f892c20fb0cfe5573c003ae08a51040",
  "block": 15803374,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-26T11:23:00",
  "op": [
    "vote",
    {
      "voter": "turriziani",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "41778e9d5f1bd391e1c155594e57dcca257d20d3",
  "block": 15774602,
  "trx_in_block": 14,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-25T11:23:39",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "zcash-v-zencash",
      "author": "salinapate011714",
      "permlink": "re-playingpoodles-zcash-v-zencash-20170925t112338365z",
      "title": "",
      "body": "Good points in this article.  Interesting to see I'm not the only one that is thinking about this. Some people say it's a high risk market but if you're willing to hold your coins with a 2 to 5 year vision I bet the risk might not seem that high by then :-).  This is quite an interesting website I found:  https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more.  For example:  https://www.coincheckup.com/coins/Zcash#analysis To check  Zcash Analysis",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://www.coincheckup.com\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "f04cdcf542d2032c2db5c4263d9cbc4c770e82ac",
  "block": 15761831,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-25T00:45:00",
  "op": [
    "vote",
    {
      "voter": "callumcampbell",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ac5c9a2f96541f467f4c00f5de97d9c39038c00f",
  "block": 15622408,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-20T04:32:24",
  "op": [
    "vote",
    {
      "voter": "anarch3",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 15601013,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 15,
  "timestamp": "2017-09-19T10:42:30",
  "op": [
    "author_reward",
    {
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "sbd_payout": "0.017 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "32.960686 VESTS"
    }
  ]
}

{
  "trx_id": "50306120b2234451b48d5856adf10134da10f908",
  "block": 15454758,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T08:47:00",
  "op": [
    "vote",
    {
      "voter": "phusionphil",
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "7356b38bffcd40c9583fa85d647c2a734dacc3a8",
  "block": 15454753,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T08:46:45",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "author": "phusionphil",
      "permlink": "re-playingpoodles-2017914t24643262z",
      "title": "",
      "body": "More of a publicity stunt in my opinion. I am in deep on Zcash so I follow this closely.\n\n\"Monday, the company behind Zcash, the Zerocoin Electric Coin Company (ZECC) announces azero partnership with JPMorgan Chase to add Zcash’s privacy technology to Quorum, an enterprise blockchain platform JPMorgan built on Ethereum, a network similar to bitcoin’s but focused on smart contracts.\"\n\nhttps://www.forbes.com/sites/laurashin/2017/05/22/jpmorgan-chase-to-integrate-zcash-technology-to-its-enterprise-blockchain-platform/",
      "json_metadata": "{\"tags\":\"bitcoin\",\"app\":\"esteem/1.4.6\",\"format\":\"markdown+html\",\"community\":\"esteem\"}"
    }
  ]
}

{
  "trx_id": "a35420c12163267f326b7c746dbe991eddc898b7",
  "block": 15435225,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:30:12",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "author": "herfie",
      "permlink": "re-playingpoodles-bitcoin-and-altcoin-trading-big-bear-or-little-bear-20170913t163012841z",
      "title": "",
      "body": "Agee zencash is far underrated",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "8eb930593ecce3c3067a7aef08e5339e1c9b5732",
  "block": 15435209,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:29:24",
  "op": [
    "vote",
    {
      "voter": "herfie",
      "author": "playingpoodles",
      "permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "db4a8295ff8d7003e4ebf1895f6946b9132a2e45",
  "block": 15435188,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:28:21",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "playingpoodles",
      "permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "title": "Bitcoin and altcoin trading - big bear or little bear?",
      "body": "With JP Morgan's Jamie Dimon coming out swinging at Bitcoin today - on top of news and rumor from that great eastern land of the dragon, otherwise known as the People's Republic of China that shook the market - the last few days have seen the biggest downward correction in the cryptocurrency market since July and potentially before that.\n\nIt has been a very ugly few days for those of us who have placed a portion of our hard-won and tightly clung to wealth into cryptocurrencies. Nobody likes to be 15 per cent down on a day, or 25 per cent down over a week.\nThen again, cryptocurrency is no place for people who have no stomach for risk and volatility. I mean the reason increasingly more people have entered the cryptocurrency market over time is because the vicious punches of 15 per cent daily losses have been more than offset by counter-punch gains, with altcoins sometimes daily gains of 100 per cent, and things like 1000 per cent gains for some coins over a month. (Altcoins mind, and usually smaller market cap ones, larger cap coins not to rise with quite such extreme price movements).\n\nNew entrants to the market though who bought into Bitcoin this month near the top will be very rattled. They will either leave, or learn a lesson. But whatever the number be that leave, it is my firm belief that over time they will be outnumbered by orders of magnitude by new entrants into the market.\n\nIt would be fantastically unrealistic to expect to be able to operate in a market that gives you from 30 per cent upwards to 100 per cent daily gains, and in which the price of your asset doubles multiple times within a period of months, but where large daily losses of 10 or 20 per cent were not a risk. Large daily losses in cryptocurrency aren't a risk, they're a certainty, and anyone operating in this market without clarity about this is going to get hurt financially.\n\nBut the reason people participate in the market is because as an asset class, cryptocurrencies have outperformed every other asset I can think of over time. Let's put it in perspective. according to coinmarketcap.com on 13 April 2017 Bitcoin's price stood at $1159. It then rose to roughly $4937 on 2 September 2017. Now, less than two weeks' later, it has dropped back to $3838.\n\nNo consolation if you chose 2 September as your entry point, but that is a phenomenal performance. The thing is, and I have always said it, we need to consider downside as well as upside risk, and too many people in crypto focus on the upside risk. Any trader in mainstream financial markets who focused on upside risks and put downside risks out of their thinking would be out on the street faster than you can say \"China ICO ban\".\nSo please consider downside risks. Think about the fact that Bitcoin's top coincided with Korean exchanges like Bithumb becoming by far the largest exchanges by volume, and the fact that now less than two weeks' later they are no loner and that Korean regulators are rumbling their voices about regulation.\n\nSo keeping in mind downside risk, do I consider the last few days selloff indicating a large and/or extended bear market for cryptocurrencies? I do not. To be more specific, I think the total market cap of cryptocurrencies will be higher at the end of 2017 than it is now. There are plenty of reasons why I think this. For one, I think the net influx of fiat into cryptocurrency will continue over this year, and I do not see net withdrawal. And the regulation, in China and elsewhere, that seems to spook the market in the short term I do not view as a bad thing. To me it's the sign of the success of cryptocurrencies, because regulators now perceive cryptos to be significant enough to need to deal with, whereas for many years before when they did not seriously investigate regulation obviously they then thought cryptos were too small or peripheral to worry about.\n\nSo long term, increasing regulation is a good thing. Short term, it isn't, because it does specific technical things - like reduce Korean and Chinese exchange volume - that sucks out volume and puts downward price pressure.\nWith these things in mind, I would be cautious investing in the cryptocurrency space, but would be willing to do so. At this point, my preference is probably towards certain altcoins, and in particular any altcoin that has legitimate development, a coherent use case, and most importantly hasn't gone through a pumping cycle yet. (Pumping, as cryptocurrency holders know, is when a coin starts to rapidly rise in price such that it doubles in value repeatedly over a short period of time. There are surprisingly few legitimate coins that have not gone through this process this year).\n\nWhich leads me to my preference at this point in time, which is ZenCash. This coin is very heavily down today, in fact down slightly more than the market as a whole. But I like it's prospects. It's not that it doesn't have downside risks, it's just that I see that it has more upside risks given that it hasn't pumped yet.\n\nWe'll see. I think the market's vicious drop today may partially reverse by tomorrow. If I were buying at this point though, for any coin, I would dollar-cost invest in over a period of months, because while I still think the upside risks outweigh the downside for the remainder of this year, it's not the case of \"jump on this ship as it rises or you will miss out\" as it was for much of the year up until now.\n\nI guess that's all from me: consider downside risk, ZenCash in the altcoin space, and dollar-cost invest over months.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"zcash\",\"altcoin\",\"ethereum\",\"trading\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "cadf6c0c1c28440a645572a67321acf348ab4b1a",
  "block": 15435115,
  "trx_in_block": 25,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:24:42",
  "op": [
    "account_update",
    {
      "account": "playingpoodles",
      "memo_key": "STM6KJ7xbsMogvPYPTYUmRJg3D5cyEjSQj2iezYWnjWWvYSKtZjGz",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://imgur.com/HdXK7un\",\"cover_image\":\"https://imgur.com/HdXK7un\",\"name\":\"playingpoodles\",\"about\":\"Infected with cryptocurrency syndrome\",\"location\":\"Australia\"}}"
    }
  ]
}

{
  "trx_id": "439da71011c6ca10bab9a1147bcdfc65039582d1",
  "block": 15435114,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:24:39",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "author": "pewuf",
      "permlink": "re-playingpoodles-bitcoin-and-altcoin-trading-big-bear-or-little-bear-20170913t162438834z",
      "title": "",
      "body": "It is a depressive sight today, and a week before. I am on this for the long run, bring it on !",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "c7fa44f6cab5c888c2b5e1e4f295552783f8b87f",
  "block": 15435081,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:23:00",
  "op": [
    "vote",
    {
      "voter": "samu15",
      "author": "playingpoodles",
      "permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "09caa46be133ea7e739896529ec06220eec1491d",
  "block": 15435077,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:22:48",
  "op": [
    "account_update",
    {
      "account": "playingpoodles",
      "memo_key": "STM6KJ7xbsMogvPYPTYUmRJg3D5cyEjSQj2iezYWnjWWvYSKtZjGz",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://imgsafe.org/image/95a713d03c\",\"cover_image\":\"https://imgsafe.org/image/95a713d03c\",\"name\":\"playingpoodles\",\"about\":\"Infected with cryptocurrency syndrome\",\"location\":\"Australia\"}}"
    }
  ]
}

{
  "trx_id": "a7fbe97323c77322d7d5eb7cbdada533067cfcb9",
  "block": 15435038,
  "trx_in_block": 37,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:20:51",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "playingpoodles",
      "permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "title": "Bitcoin and altcoin trading - big bear or little bear?",
      "body": "@@ -1,46 +1,4 @@\n-!%5B%5D(https://imgsafe.org/image/95a713d03c%0A%0A\n With\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"zcash\",\"altcoin\",\"ethereum\",\"trading\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "0dcc2ca578edbbb054d6d7733a6ffb8a9b6f4579",
  "block": 15435028,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-13T16:20:21",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "playingpoodles",
      "permlink": "bitcoin-and-altcoin-trading-big-bear-or-little-bear",
      "title": "Bitcoin and altcoin trading - big bear or little bear?",
      "body": "![](https://imgsafe.org/image/95a713d03c\n\nWith JP Morgan's Jamie Dimon coming out swinging at Bitcoin today - on top of news and rumor from that great eastern land of the dragon, otherwise known as the People's Republic of China that shook the market - the last few days have seen the biggest downward correction in the cryptocurrency market since July and potentially before that.\n\nIt has been a very ugly few days for those of us who have placed a portion of our hard-won and tightly clung to wealth into cryptocurrencies. Nobody likes to be 15 per cent down on a day, or 25 per cent down over a week.\nThen again, cryptocurrency is no place for people who have no stomach for risk and volatility. I mean the reason increasingly more people have entered the cryptocurrency market over time is because the vicious punches of 15 per cent daily losses have been more than offset by counter-punch gains, with altcoins sometimes daily gains of 100 per cent, and things like 1000 per cent gains for some coins over a month. (Altcoins mind, and usually smaller market cap ones, larger cap coins not to rise with quite such extreme price movements).\n\nNew entrants to the market though who bought into Bitcoin this month near the top will be very rattled. They will either leave, or learn a lesson. But whatever the number be that leave, it is my firm belief that over time they will be outnumbered by orders of magnitude by new entrants into the market.\n\nIt would be fantastically unrealistic to expect to be able to operate in a market that gives you from 30 per cent upwards to 100 per cent daily gains, and in which the price of your asset doubles multiple times within a period of months, but where large daily losses of 10 or 20 per cent were not a risk. Large daily losses in cryptocurrency aren't a risk, they're a certainty, and anyone operating in this market without clarity about this is going to get hurt financially.\n\nBut the reason people participate in the market is because as an asset class, cryptocurrencies have outperformed every other asset I can think of over time. Let's put it in perspective. according to coinmarketcap.com on 13 April 2017 Bitcoin's price stood at $1159. It then rose to roughly $4937 on 2 September 2017. Now, less than two weeks' later, it has dropped back to $3838.\n\nNo consolation if you chose 2 September as your entry point, but that is a phenomenal performance. The thing is, and I have always said it, we need to consider downside as well as upside risk, and too many people in crypto focus on the upside risk. Any trader in mainstream financial markets who focused on upside risks and put downside risks out of their thinking would be out on the street faster than you can say \"China ICO ban\".\nSo please consider downside risks. Think about the fact that Bitcoin's top coincided with Korean exchanges like Bithumb becoming by far the largest exchanges by volume, and the fact that now less than two weeks' later they are no loner and that Korean regulators are rumbling their voices about regulation.\n\nSo keeping in mind downside risk, do I consider the last few days selloff indicating a large and/or extended bear market for cryptocurrencies? I do not. To be more specific, I think the total market cap of cryptocurrencies will be higher at the end of 2017 than it is now. There are plenty of reasons why I think this. For one, I think the net influx of fiat into cryptocurrency will continue over this year, and I do not see net withdrawal. And the regulation, in China and elsewhere, that seems to spook the market in the short term I do not view as a bad thing. To me it's the sign of the success of cryptocurrencies, because regulators now perceive cryptos to be significant enough to need to deal with, whereas for many years before when they did not seriously investigate regulation obviously they then thought cryptos were too small or peripheral to worry about.\n\nSo long term, increasing regulation is a good thing. Short term, it isn't, because it does specific technical things - like reduce Korean and Chinese exchange volume - that sucks out volume and puts downward price pressure.\nWith these things in mind, I would be cautious investing in the cryptocurrency space, but would be willing to do so. At this point, my preference is probably towards certain altcoins, and in particular any altcoin that has legitimate development, a coherent use case, and most importantly hasn't gone through a pumping cycle yet. (Pumping, as cryptocurrency holders know, is when a coin starts to rapidly rise in price such that it doubles in value repeatedly over a short period of time. There are surprisingly few legitimate coins that have not gone through this process this year).\n\nWhich leads me to my preference at this point in time, which is ZenCash. This coin is very heavily down today, in fact down slightly more than the market as a whole. But I like it's prospects. It's not that it doesn't have downside risks, it's just that I see that it has more upside risks given that it hasn't pumped yet.\n\nWe'll see. I think the market's vicious drop today may partially reverse by tomorrow. If I were buying at this point though, for any coin, I would dollar-cost invest in over a period of months, because while I still think the upside risks outweigh the downside for the remainder of this year, it's not the case of \"jump on this ship as it rises or you will miss out\" as it was for much of the year up until now.\n\nI guess that's all from me: consider downside risk, ZenCash in the altcoin space, and dollar-cost invest over months.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"zcash\",\"altcoin\",\"ethereum\",\"trading\"],\"links\":[\"https://imgsafe.org/image/95a713d03c\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "41dc3caed4d84441edd1b6f749bd6fc739e9fba4",
  "block": 15399947,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T11:04:36",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crptocurrency",
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "title": "Cryptocurreny categories from digital cash to equity",
      "body": "@@ -5622,19 +5622,19 @@\n once it \n-did\n+was\n  and som\n",
      "json_metadata": "{\"tags\":[\"crptocurrency\",\"bitcoin\",\"ethereum\",\"zcash\",\"dash\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "33ff86a0fb931ebdeb6890026637f67a636bc867",
  "block": 15399922,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T11:03:21",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crptocurrency",
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "title": "Cryptocurreny categories from digital cash to equity",
      "body": "@@ -5597,16 +5597,20 @@\n on't be \n+had \n as easil\n",
      "json_metadata": "{\"tags\":[\"crptocurrency\",\"bitcoin\",\"ethereum\",\"zcash\",\"dash\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "4af83af8ee10fac12a0acddf7d4ae43279dc4281",
  "block": 15399696,
  "trx_in_block": 28,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T10:52:03",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "playingpoodles",
      "permlink": "bitcoin-v-altcoins-post-segwit",
      "title": "Bitcoin v Altcoins post Segwit",
      "body": "@@ -3634,18 +3634,16 @@\n s that Z\n-en\n cash alr\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"ethereum\",\"litecoin\",\"xrp\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "39f83bf0c1d997f53bc70f339234af20815802cc",
  "block": 15399531,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T10:43:48",
  "op": [
    "vote",
    {
      "voter": "bacadi151",
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "weight": 9000
    }
  ]
}

{
  "trx_id": "ea2e6b053de5453d2dd3161ec7260fa9f3f64d23",
  "block": 15399505,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T10:42:30",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crptocurrency",
      "author": "playingpoodles",
      "permlink": "cryptocurreny-categories-from-digital-cash-to-equity",
      "title": "Cryptocurreny categories from digital cash to equity",
      "body": "Ladies and gentlemen (and scoundrels and ne'er-do-goods), if you own cryptocurrency as I do, or have been thinking about owning it, you may find the sheer volume of cryptocurrencies a bit overwhelming. Certainly myself when I try to sort through coins on coinmarketcap.com to find a hidden gem that has speculative rise potential I get a headache.\n\nWhich led me to thinking, maybe there is a meaningful way to segment coins into categories to make the process of evaluating them easier. As I thought about it, four clear categories came to mind. These were (i) digital cash, (ii) smart contract, (iii) privacy, (iv) equity.\n\nIn this post I want to consider these categories, the future of these categories, and coins that sit largely within each of these categories. While it seems to me that at this point coins do sit predominantly in one category, there is overlap, and my strong sense is the most successful coins will tend to expand horizontally over time to fill more categories.\n\nWell, I'll begin to go through category by category.\n\n(i) Digital cash is just that, a blockchain equivalent of cash. Bitcoin, the father of a great tribe of cryptocurrency children, is the first and most obvious example of this. These kind of coins are a means of value exchange, or value storage. The big difference between digital cash on the blockchain as we know it and traditional fiat cash is blockchain digital cash like Bitcoin is effectively deflationary, while fiat currencies are inflationary, in fact deflation is generally considered a catastrophe to be destroyed at all cost with inflation by central banks. While Bitcoin supply is increasing very slowly, it only has a few million more to go til full supply is reached. But I say Bitcoin (the same holds true for other cryptos) is deflationary because the number of users is increasing much faster than supply, so the tendency is for a 1 unit to be worth more over time.\n\n(ii) Smart contract coins are blockchain ecosystems that facilitate self-executing contracts, ie. contracts that do not necessarily require participation or action by parties to the contract once the contract is set up. If the determination for the conditions of the smart contract require external data this can be sourced from reliable external oracle(s). Ethereum is the best example of a smart contracts cryptocurrency platform. Although there are numerous others, given the first mover strength of Ethereum unless things go very wrong it's hard to see any of them seriously challenging Ethereum for the time being.\n\n(iii) Privacy coins make private the identity of sender or receiver of digital cash, and some of them make private the amount sent and the amount a particular wallet address holds. Privacy was a major concern for the community since the start of Bitcoin, unsurprisingly given the distrust for central authority inherent in the protocol and the somewhat individualistic and cyberpunk-esque aspects of participants in the cryptocurrency space early on. But actually there are many reasons why privacy would be needed by mainstream financial players were they to enter the cryptocurrency space. For example, the knowledge that a large or renowned investor is investing in an asset will cause that asset to rapidly rise, making it expensive for that large or renowned investor to buy, so they try and use different brokers and trusts et cetera to hide their purchase from the market until it is completed. The need for privacy coins should be obvious if you consider that for non private coins all transactions are on a public blockchain: financial institutions, pension funds, high net worth individuals et cetera simply cannot accept that all their financial flows be publically broadcast.\n\nThere are numerous privacy based coins on the market today. The two that technically I'm most comfortable with are Zcash and ZenCash, both very similar in technical terms. I prefer ZenCash at this point, but as I have posted about elsewhere this actually has more to do with market fundamentals rather than technical differences between the two coins.\n\n(iv) Equity coins provide an equity, or equity like, right that generates an income from the underlying cryptocurrency business. There are very few coins on the market that offer equity or equity like rights, and those that do often range from very bad deals to borderline scams. For me, the best example of the terrible deal offered to retail investors in this space is BCAP which I wouldn't touch with a 10 foot barge pole wearing a hazmat suit. It looked great to begin with and excited me, a profit-sharing interest in capital investments in crypto startups. Until I did my due diligence and saw that it was a \"take their money and screw them\" offer extraordonaire. I didn't invest, and BCAP is currently trading around 40% below what investors paid for it while the market has tripled. I can imagine a number of said inivestors feel none too charitable towards a pint-sized celebrity who starred in a 90s hit children's movie who promoted BCAP. Ughh.\n\nPersonally, I believe the reason few or nearly no good equity coins have been offered is that the connected, wealthy and dynamic business men and women in the cryptocurrency space are greedy like all humans and want to keep all the equity for themselves. And if you can raise $10s of millions on an ICO with a website, a sketchy barely plausible idea, and no product or even sometimes substantial whitepaper, why give the suckers equity? That said, over the coming years, and particularly if ICOs are regulated as it appears they will be, easy money won't be as easily as once it did and some legitimate businesses in the crypto space will offer equity through blockchain tokens in order to raise capital.\n\nWell men, women, and other genders, I hope that at least if you can categorise cryptocurrencies down into discrete categories, this may make analysing coins to invest in easier, and allow for allocation distribution amongst categories. And if you want my picks for these categories, and even if you don't I'll give them to you anyway, they are:\n\n       (i) Bitcoin and Dash\n       (ii) Ethereum\n       (iii) ZenCash\n       (iv) wait for a better deal to come along in this space.",
      "json_metadata": "{\"tags\":[\"crptocurrency\",\"bitcoin\",\"ethereum\",\"zcash\",\"dash\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "5a75e74ecfce8e16f9425d8c4c9027f70b00a5f1",
  "block": 15397489,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T09:01:36",
  "op": [
    "vote",
    {
      "voter": "iwanttruth",
      "author": "playingpoodles",
      "permlink": "bitcoin-v-altcoins-post-segwit",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "4f63beecb947479f5d95a4cd434774882799b511",
  "block": 15397464,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-12T09:00:21",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "playingpoodles",
      "permlink": "bitcoin-v-altcoins-post-segwit",
      "title": "Bitcoin v Altcoins post Segwit",
      "body": "Good day fellow crytocurrency playerz.\n\nPerhaps, like me, you have dedicated some think-time to the likely price movements of Bitcoin and altcoins (and in my case in particular privacy oriented coins) since Bitcoin has scaled with Segwit and a promise for 2X blocksizes that may or may not be fulfilled.\n\nIf you follow my previous posts, you'll see that for a couple of months I was negative regarding the performance of a number of altcoins in the lead up to Bitcoin's Segwit scaling. If you can be bothered tracing back these posts, you'll see that I was heaviily criticised by the holders of these altcoins for which I predicted underperformance relative to Bitcoin. In the end, I was right that their particular altcoins would underperform Bitcoin, but that is besides the point.\n\nWhat I want to discuss now is the likely performance of Bitcoin, altcoins generally, and privacy altcoins in particular for the rest of 2017 now that Bitcoin has scaled with Segwit (and double blocksize is at least promised at this point). In particular, I want to discuss major altcoins Ether, Dash, and privacy oriented altcoins Monero, Zcash and ZenCash.\n\nFirstly, in the short term being the remainder of this year, I DO NOT expect Bitcoin to substantially outperform altcoins.\nI expect both Bitcoin and altcoins to rise in price substantially for the rest of 2017, but to do so to a roughly similar degree. While it is not my base case scenario, I think it is just as likely that altcoins as a whole will outperform Bitcoin as it is the other way around. Of the altcoins discussed in this post, I view Dash and ZenCash as being least vulnerable to downside risks. While my base case scenario is not for them to lose value over the remainder of the year, I see Ethereum, Zcash and Monero as each being vulnerable to foreseeable downside risks.\n\nLet me explain my reasoning, and please remember that for none of these coins am I predicting substantial price declines. Rather I'm offering suggestions as to their likely performance relative to each other and relative to the market. The \"market\" I refer to is straightforward - it is the cryptocurrency market as described and valued on coinmarketcap.com\n\nMy personal belief is that Bitcoin will rise overall for the remainder of the year with more upside risk than downside risk. Recent events, for instance the Chinese ICO ban, or the as yet unconfirmed news of China banning Bitcoin exchanges reinforced this for me. Both items of news were very significant bad news (although the ban is unconfirmed), but all that could do was drop Bitcoin 20 per cent, and back it came roaring again recovering about 10 of that 20 per cent. \n\nFundamentally I just see new money flowing into Bitcoin for the remainder of the year, and I expect it to soak up any bad news that emerges, and ultimately lead to a higher Bitcoin price.\n\nEthereum I believe has both more upside and more downside potential than Bitcoin. Given how high risk and volatile a play the cryptocurrency market is, I personally don't see the benefit in choosing a higher risk asset within the space (Ethereum) over a lower risk asset within the space (Bitcoin) notwithstanding the lower risk asset has less upside potential as well as downside.\n\nI would not choose to hold Zcash or Monero at this stage. Zcash has underperformed Bitcoin even since July when Segwit 2X came into force. All the other altcoins I discuss in this post besides Zcash have gone up or pretty much sideways relative to Bitcoin since July. I think the market is less enthusiastic about Zcash than other coins at this point, and I think one of the reasons for this is that Zencash already rose so quickly this year, and I do not expect it to outperform for the rest of this year.\n\nWith regards to Monero, despite having mined it significantly, I have always had great reservations about the coin, and always mined and sold. In fact one of the weaknesses I see in Monero in the short term is that I believe many miners have a similar lack of faith in the coin as I as a miner had. To me this both puts downward pressure on upward price swings, and tends to make Monero drop more sharply than the market as a whole when the market declines. My fundamental lack of faith in Monero though is my belief that it is simply not scaleable and therefore does not have the upside that other privacy coins that can be shown to scale could have. There were short term opportunities with Monero, like the recent 2x plus rise on the news Bithumb was listing Monero, but to my mind these are short term plays, and such trades tend not to fit with my investment style and model.\n\nWhich brings me to Dash and ZenCash. While Dash is not per-se a privacy coin anymore, it has a privacy enhancing feature called DarkSend. I like the look of Dash for the remainder of this year. It is very well governed, and continues on with its Evolution upgrade to bring crypto to the masses. Of course, that may seem like a blue-sky dream, but Dash's governance structure has produced results with upgrade campaigns in the past, and I believe they're as or more equipped than any other development team to drink from the Holy Grail of mass adoption of cryptocurrency, so to speak. Dash's Masternode system locks a lot of supply into highly-invested masternode operators, and this tends to mean Dash often declines less rapidly than the market when the market has a very bad day. I do not own Dash at this point but I will be buying sometime before the end of October.\n\nFinally, the privacy oriented coin ZenCash makes a lot of sense to me when considering the balances of upside risk and downside risk. ZenCash derived much of its original sourcecode from Zcash, but it made changes, including a Secure Node system to further enhance privacy. As ZenCash's development rolls out, I see it having the a substantial possibility of outperforming the market for the rest of this year, in contrast to Zcash. This is because ZenCash is currently at a very low marketcap, roughly $17 million to Zcash's $475 million. If you compare Bitcoin Cash to Bitcoin, it has traded up and down, but Bitcoin Cash is somewhere around 13+ per cent of Bitcoin's value, you can see how low a multiple of ZenCash is trading relative to Zcash.\n\nI see ZenCash increasing its value as a percentage of Zcash's value this year. I see it equaling or outperforming the market as a whole. Upside risks are successful rollout of Secure Nodes, and if ZenCash can get included in a mobile multi-coin wallet like Coinomi or another. At the moment the only downside risk I see to ZenCash is general market risk, that is it will go down with the cryptocurrency market if the overall market goes down.\n\nWell, those were my six pence, and you can keep the change kind sirs (and ladies).",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"ethereum\",\"litecoin\",\"xrp\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "4fa2e7e58b10f70b4fdf3c57cc32cce8c4332fe5",
  "block": 15146303,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-03T15:36:54",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "zcash-v-zencash",
      "author": "kortneymorse1991",
      "permlink": "re-playingpoodles-zcash-v-zencash-20170903t153655250z",
      "title": "",
      "body": "Thanks for starting this thread. I was about to post a similair post. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins.  We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). An interesting website I found:  https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis.  On:  https://www.coincheckup.com/coins/Zcash#analysis For a complete Zcash Research report",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://www.coincheckup.com\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "d8247a4c2930538dc61343f4fb7e07f3643b3d5e",
  "block": 14467661,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-11T01:08:09",
  "op": [
    "vote",
    {
      "voter": "goodstuffonsteem",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "165b265b5d75d0e6b1192e903134d3739dd78fa1",
  "block": 14271450,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-04T05:18:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "playingpoodles",
      "vesting_shares": "29940.815185 VESTS"
    }
  ]
}

{
  "trx_id": "200608f4bd02cf3baed01cf2154413ac4117f9b7",
  "block": 14207187,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-01T23:43:39",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "monero-v-zencash",
      "author": "ticknachtprenan",
      "permlink": "re-playingpoodles-monero-v-zencash-20170801t234517488z",
      "title": "",
      "body": "Great article",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "f198e6148204baa8b1502cdc8a35df91677195e1",
  "block": 14120695,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-29T23:34:57",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "zcash-v-zencash",
      "author": "asisapet",
      "permlink": "re-playingpoodles-zcash-v-zencash-20170729t233630220z",
      "title": "",
      "body": "Well described",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "bd443dd1c47b9eb9b9c33f7bd8b37b10588c4fd2",
  "block": 14119934,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-29T22:56:54",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "zcoin-v-zencash",
      "author": "imtomofont",
      "permlink": "re-playingpoodles-zcoin-v-zencash-20170729t225827298z",
      "title": "",
      "body": "Beautiful post",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "b173000e261d7f2d5af230d6d0ba71268a6d9b5f",
  "block": 13893729,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-22T02:18:54",
  "op": [
    "vote",
    {
      "voter": "suburbancaveman",
      "author": "playingpoodles",
      "permlink": "zcash-v-zencash",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 13641371,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 3,
  "timestamp": "2017-07-13T07:49:15",
  "op": [
    "author_reward",
    {
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "sbd_payout": "0.016 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "26.877271 VESTS"
    }
  ]
}

{
  "trx_id": "be42adee3d61e11a1302cbb4ab97ae336384045e",
  "block": 13440831,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T08:12:18",
  "op": [
    "vote",
    {
      "voter": "phusionphil",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": -10000
    }
  ]
}

{
  "trx_id": "b9788feb83956d662dcde12b25ed9df5b86430fe",
  "block": 13440771,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T08:09:12",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "dash-v-zencash-zen",
      "author": "blakadder",
      "permlink": "re-playingpoodles-dash-v-zencash-zen-20170706t080914943z",
      "title": "",
      "body": "ZenCash has an image problem too, it can be easily confused with ZCash which doesn't really help it out.\n\nGreat analysis tho!",
      "json_metadata": "{\"tags\":[\"crypto\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "f98803ec252bb5bb2652d39366d1653d69bec0ec",
  "block": 13440758,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T08:08:30",
  "op": [
    "vote",
    {
      "voter": "blakadder",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "fb6d28b7132e11800ec8dab42d8c52cf5234a193",
  "block": 13440532,
  "trx_in_block": 26,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:56:39",
  "op": [
    "vote",
    {
      "voter": "fernando-sanz",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "45a1530c7577047d1bbd4567b559277337d61968",
  "block": 13440505,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:55:15",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "playingpoodles"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"playingpoodles\",\"following\":\"cheetah\",\"what\":[\"ignore\"]}]"
    }
  ]
}

{
  "trx_id": "f78a256b9371083ea0702f75ca9c5e8741cab181",
  "block": 13440500,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:54:57",
  "op": [
    "vote",
    {
      "voter": "playingpoodles",
      "author": "cheetah",
      "permlink": "cheetah-re-playingpoodlesdash-v-zencash-zen",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "a95c02ab453b6ee8439780b71fd2063f94e8d423",
  "block": 13440493,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:54:36",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "@@ -7776,206 +7776,4 @@\n as!!\n-%5BDash1.png%5D(https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png)%0A%0A%5Bzencash4.jpeg%5D(https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg)\n",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "2424ae8e0a625a1d62c65f82d1d27d5acafd15e6",
  "block": 13440485,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:54:12",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "@@ -7868,8 +7868,114 @@\n sh1.png)\n+%0A%0A%5Bzencash4.jpeg%5D(https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg)\n",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"links\":[\"https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg\"]}"
    }
  ]
}

{
  "trx_id": "c3ef37bf772acdcb27866bfb0319f12d3fb1e53d",
  "block": 13440472,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:53:30",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "In this post I will attempt to compare two cryptocurrencies that both have privacy features, DASH and ZenCash (ZEN)! These two coins are at very different stages in their development cycle. This is reflected in their different circulating supply, price and marketcap. Dash was released three and a half years ago, in January 2014, which in the cryptocurrency space makes it something of a veteran. Today Dash is worth just over $180 a coin, has a circulating supply just over 7.3 million, and has a marketcap of over $1.3 billion. Not bad for three and a half years of development. By contrast Zencash - released less than a month ago as fork of and evolution of an earlier community based zkSNARKs implementation - today is worth $6.70 a coin, has a circulation just over 1.5 million, and a market cap of approximately $10 million.\n\nDash and ZenCash have fundamental differences above and beyond obvious differences of time in market, development stage and market weight. But first I would like to discuss similarities between the coins.\n\nDash and ZenCash both have a funded development model whereby a portion of the block reward is reserved to fund the development of the project, for example hiring staff, paying consultants, marketing and the like. This is different from the situation with other better known coins like Bitcoin where the miners receive the 100% of the block reward. For Dash, 10% of the block reward is reserved for treasury to pay for development and promotion of the coin, and the remaining 90% is split 50/50 between miners and master node operators so each of these parties get 45% of the block reward.\n\nZenCash is quite similar in that 8.5% of the block reward is reserved for the DAO and the core team to fund developers, outreach, and partnerships. This is similar to Dash, ie. a funded treasury to fund the coin’s development. ZenCash will have secure nodes. The complete details of the stake requirement and incentive entitlement of ZenCash secure nodes is yet to be completely finalised, but one proposal has been that they will receive 3.5% of the block reward. This is in some ways similar to Dash masternodes, but with a much smaller share of the block reward, although ZenCash nodes will also be different in ways that will be explained below. Dash and ZenCash also have similarities to Bitcoin, and each other, with a total maximum coin supply of 21 million.\n\nZenCash and Dash are also fundamentally different in key ways. Dash has a coin mixing option called PrivateSend. This mixing is supposedly one of the masternodes key jobs - although I will discuss below my thoughts on the real purpose of Dash masternodes. PrivateSend is better viewed as a privacy enhancing feature, rather than a feature that provides a private transaction. I have written elsewhere that simply mixing one’s transaction with say three other people’s transactions is not sufficient to stop a resourced adversary from tracing links in the broader network (Dash blockchain) to “see through” the mixing process, and identify the true sender and recipient. PrivateSend does not conceal the amount sent.\n\nZenCash on the other hand implements a very recent zero knowledge cryptographic protocol known as zkSNARKs, which shields both the sender address, recipient address, and the amount sent. This process implements zero knowledge cryptography, so there is no mixing process involved and therefore no mixing process an advanced adversary could compromise through network analysis.\n\nAnother difference is Dash mining has now moved to ASICs, whereas ZenCash uses the Equihash algorithm and is not mined with ASICs. Equihash is considered far more ASIC resistant than Dash’s X11, and this in fact appears to be the case as X11 mining quickly transitioned to ASICs. ASIC resistant mining algorithms are considered to promote better decentralization of mining on the network, whereas ASICs - due to their specialization and high price - promote centralization. Greater decentralization is considered to better secure the network, or, to put it better, greater centralization increases risks to the security of the network.\n\nI wish to now discuss strengths and weaknesses with both coins. Beginning with Dash, its masternode system and governance model have been a resounding success. It paid for marketing and all sorts of other things that anyone who has kept an eye on coinmarketcap.com knows worked very well. In fact, ZenCash was almost certainly guided by the success of this model when deciding to itself reserve 8.5% of the block reward for treasury. Dash masternodes clearly reduced the supply of the coin in the market and this too drove up prices.\n\nZenCash is fairly clearly superior in terms of privacy to Dash, and this is important for some people. ZenCash secure nodes, while they will not be incentivized to the degree that Dash masternodes are, will be sufficiently incentivized to ensure their profitable operation. ZenCash nodes also fulfill a genuine and necessary role on the network in addition to reducing circulating supply and potentially putting upward pressure on the coin price. They’ll provide constant encryption, including certificated encryption, and domain fronting. This will encrypt the entire network, and will have practical implications like holding a permanent and encrypted InterPlanetary File System available to ZenCash users.\n\nDash and ZenCash are also not without weaknesses. Dash, back when it was called Darkcoin, had a shady start, with about 10% of the final total supply of 21 million instantly mined in the first couple of days be the founder and his associates. This was because nobody else had any working mining software and so couldn’t mine. But to be fair, he’s spent the last several years dedicated to Dash, and I’m sure there would not be a single early Dash investor who would hold this against him. In fact there would be numerous millionaires among those early investors who bought in when it was $2.00. Dash masternodes also don’t really serve a purpose other than to starve supply of the coin and push the price up. This has been great up until now, but now Dash wants to continue growth by becoming a mainstream payments system with its development Evolution. It’s hard to see how this squares with having well over 50% of the coin supply out of circulation as masternode stakes.\n\nZenCash is not without its embarrassing moments either. One of the former developers had something of a meltdown and attacked the coin. Fortunately the rest of the team managed this, and managed his exit, but still not a good look. Of course, ZenCash is also very early in its development. It has great plans, and a good model, but it will need to implement.\n\nOverall, what are my views on these two coins? I like both of them. I think both have excellent funding models that allow proper development and marketing and I think both have dedicated, capable teams. I think both have the opportunity to rise in price, although given its much smaller marketcap and earlier stage of development I view ZenCash as having more opportunity for exponential growth. ZenCash nodes will also provide an opportunity for passive returns, the same way Dash masternodes did before the exponential price rise of Dash made them an unaffordable investment for most.\n\nDash masternodes are so highly rewarded and numerous that with over 50% of the supply staked to them I do worry about it, notwithstanding their success in driving the price up to this point. To me having over 50% of possible supply out of circulation is quite at odds with their Evolution goal to become a widely adopted mass payment system. Then again, they’ve overcome other challenges in the past, so perhaps they can again.\n\nWell, anyway good luck out there on these wild seas!![Dash1.png](https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png)",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "d514efbf66e699a0073ccbddb84d541b28bba084",
  "block": 13440468,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:53:18",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "@@ -1,111 +1,4 @@\n-%5Bzencash4.jpeg%5D(https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg).%0A%0A\n In t\n",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "dff71b7f6b897c331198c6442564d64621ad5108",
  "block": 13440458,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:52:45",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "@@ -97,16 +97,17 @@\n h4.jpeg)\n+.\n %0A%0AIn thi\n",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"links\":[\"https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg\"]}"
    }
  ]
}

{
  "trx_id": "7464bbc72646ee6327b70a0be47cdc64df439ffd",
  "block": 13440450,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:52:18",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "@@ -1,8 +1,114 @@\n+%5Bzencash4.jpeg%5D(https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg)%0A%0A\n In this \n@@ -219,113 +219,8 @@\n EN)!\n-%5Bzencash4.jpeg%5D(https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg).\n  The\n",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"links\":[\"https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg\"]}"
    }
  ]
}

{
  "trx_id": "dda6224b39fc9e15ec034dd0a2ef3f235c26524e",
  "block": 13440424,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:50:57",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "crypto",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "title": "DASH v ZenCash (ZEN)",
      "body": "In this post I will attempt to compare two cryptocurrencies that both have privacy features, DASH and ZenCash (ZEN)![zencash4.jpeg](https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg). These two coins are at very different stages in their development cycle. This is reflected in their different circulating supply, price and marketcap. Dash was released three and a half years ago, in January 2014, which in the cryptocurrency space makes it something of a veteran. Today Dash is worth just over $180 a coin, has a circulating supply just over 7.3 million, and has a marketcap of over $1.3 billion. Not bad for three and a half years of development. By contrast Zencash - released less than a month ago as fork of and evolution of an earlier community based zkSNARKs implementation - today is worth $6.70 a coin, has a circulation just over 1.5 million, and a market cap of approximately $10 million.\n\nDash and ZenCash have fundamental differences above and beyond obvious differences of time in market, development stage and market weight. But first I would like to discuss similarities between the coins.\n\nDash and ZenCash both have a funded development model whereby a portion of the block reward is reserved to fund the development of the project, for example hiring staff, paying consultants, marketing and the like. This is different from the situation with other better known coins like Bitcoin where the miners receive the 100% of the block reward. For Dash, 10% of the block reward is reserved for treasury to pay for development and promotion of the coin, and the remaining 90% is split 50/50 between miners and master node operators so each of these parties get 45% of the block reward.\n\nZenCash is quite similar in that 8.5% of the block reward is reserved for the DAO and the core team to fund developers, outreach, and partnerships. This is similar to Dash, ie. a funded treasury to fund the coin’s development. ZenCash will have secure nodes. The complete details of the stake requirement and incentive entitlement of ZenCash secure nodes is yet to be completely finalised, but one proposal has been that they will receive 3.5% of the block reward. This is in some ways similar to Dash masternodes, but with a much smaller share of the block reward, although ZenCash nodes will also be different in ways that will be explained below. Dash and ZenCash also have similarities to Bitcoin, and each other, with a total maximum coin supply of 21 million.\n\nZenCash and Dash are also fundamentally different in key ways. Dash has a coin mixing option called PrivateSend. This mixing is supposedly one of the masternodes key jobs - although I will discuss below my thoughts on the real purpose of Dash masternodes. PrivateSend is better viewed as a privacy enhancing feature, rather than a feature that provides a private transaction. I have written elsewhere that simply mixing one’s transaction with say three other people’s transactions is not sufficient to stop a resourced adversary from tracing links in the broader network (Dash blockchain) to “see through” the mixing process, and identify the true sender and recipient. PrivateSend does not conceal the amount sent.\n\nZenCash on the other hand implements a very recent zero knowledge cryptographic protocol known as zkSNARKs, which shields both the sender address, recipient address, and the amount sent. This process implements zero knowledge cryptography, so there is no mixing process involved and therefore no mixing process an advanced adversary could compromise through network analysis.\n\nAnother difference is Dash mining has now moved to ASICs, whereas ZenCash uses the Equihash algorithm and is not mined with ASICs. Equihash is considered far more ASIC resistant than Dash’s X11, and this in fact appears to be the case as X11 mining quickly transitioned to ASICs. ASIC resistant mining algorithms are considered to promote better decentralization of mining on the network, whereas ASICs - due to their specialization and high price - promote centralization. Greater decentralization is considered to better secure the network, or, to put it better, greater centralization increases risks to the security of the network.\n\nI wish to now discuss strengths and weaknesses with both coins. Beginning with Dash, its masternode system and governance model have been a resounding success. It paid for marketing and all sorts of other things that anyone who has kept an eye on coinmarketcap.com knows worked very well. In fact, ZenCash was almost certainly guided by the success of this model when deciding to itself reserve 8.5% of the block reward for treasury. Dash masternodes clearly reduced the supply of the coin in the market and this too drove up prices.\n\nZenCash is fairly clearly superior in terms of privacy to Dash, and this is important for some people. ZenCash secure nodes, while they will not be incentivized to the degree that Dash masternodes are, will be sufficiently incentivized to ensure their profitable operation. ZenCash nodes also fulfill a genuine and necessary role on the network in addition to reducing circulating supply and potentially putting upward pressure on the coin price. They’ll provide constant encryption, including certificated encryption, and domain fronting. This will encrypt the entire network, and will have practical implications like holding a permanent and encrypted InterPlanetary File System available to ZenCash users.\n\nDash and ZenCash are also not without weaknesses. Dash, back when it was called Darkcoin, had a shady start, with about 10% of the final total supply of 21 million instantly mined in the first couple of days be the founder and his associates. This was because nobody else had any working mining software and so couldn’t mine. But to be fair, he’s spent the last several years dedicated to Dash, and I’m sure there would not be a single early Dash investor who would hold this against him. In fact there would be numerous millionaires among those early investors who bought in when it was $2.00. Dash masternodes also don’t really serve a purpose other than to starve supply of the coin and push the price up. This has been great up until now, but now Dash wants to continue growth by becoming a mainstream payments system with its development Evolution. It’s hard to see how this squares with having well over 50% of the coin supply out of circulation as masternode stakes.\n\nZenCash is not without its embarrassing moments either. One of the former developers had something of a meltdown and attacked the coin. Fortunately the rest of the team managed this, and managed his exit, but still not a good look. Of course, ZenCash is also very early in its development. It has great plans, and a good model, but it will need to implement.\n\nOverall, what are my views on these two coins? I like both of them. I think both have excellent funding models that allow proper development and marketing and I think both have dedicated, capable teams. I think both have the opportunity to rise in price, although given its much smaller marketcap and earlier stage of development I view ZenCash as having more opportunity for exponential growth. ZenCash nodes will also provide an opportunity for passive returns, the same way Dash masternodes did before the exponential price rise of Dash made them an unaffordable investment for most.\n\nDash masternodes are so highly rewarded and numerous that with over 50% of the supply staked to them I do worry about it, notwithstanding their success in driving the price up to this point. To me having over 50% of possible supply out of circulation is quite at odds with their Evolution goal to become a widely adopted mass payment system. Then again, they’ve overcome other challenges in the past, so perhaps they can again.\n\nWell, anyway good luck out there on these wild seas!![Dash1.png](https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png)",
      "json_metadata": "{\"tags\":[\"crypto\",\"cryptocurrency\",\"bitcoin\",\"dash\",\"zcash\"],\"image\":[\"https://steemitimages.com/DQmYuUmWACkCTfsea7pDUK2od4AaifXBMT2HCH2zwi1d2mq/zencash4.jpeg\",\"https://steemitimages.com/DQmYuBGwQAq5ht6kFjCh9pNQQ2odV7itAJEasMf77ubFiDy/Dash1.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "9d12762afa11bbaddcc061e437628c936201762b",
  "block": 13440423,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:50:54",
  "op": [
    "comment",
    {
      "parent_author": "playingpoodles",
      "parent_permlink": "dash-v-zencash-zen",
      "author": "cheetah",
      "permlink": "cheetah-re-playingpoodlesdash-v-zencash-zen",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.reddit.com/r/CryptoCurrency/comments/6itcq6/dash_v_zencash/",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "c528952e2cf46d6e2b1561a83410cc321151989e",
  "block": 13440421,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-07-06T07:50:48",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "playingpoodles",
      "permlink": "dash-v-zencash-zen",
      "weight": 100
    }
  ]
}