Dear Reader,
We originally recommended ZenCash (ZEN) in October 2017.
ZenCash is a privacy coin. And it was developing a decentralized encrypted messaging system that could store and publish data, and send and receive money in total secrecy.That’s very valuable in today’s world.
Unfortunately, on June 2, ZenCash suffered a 51% attack. That’s when malicious actors take over more than 50% of a mining network to make fraudulent transactions.
This event is not exclusive to ZenCash. In recent weeks, Verge, Bitcoin Gold, and Electroneum have seen 51% attacks as well.(The recent 51% attacks targeted certain types of blockchains. However, it's generally cost-prohibitive to mount 51% attacks against most blockchains. I'll have more on this in my next Palm Beach Confidential update. But rest assured, our remaining crypto portfolio is safe from this type of attack.)
In the case of ZenCash, the hackers were able to double-spend approximately 23,000 ZEN, worth roughly $550,000. It’s important to note here no users’ coins were stolen. But it is alarming that an attacker was essentially able to create ZEN out of thin air. That makes the remaining supply of ZEN less valuable.
According to reports, the attackers covered their tracks well, and it’s unlikely the transactions will ever be reversed.Reports also revealed the attackers only needed $30,000 to complete the attack.
In light of the news, we’ve determined it’s simply too risky to continue to hold ZenCash, which is why we’re selling today. At ZenCash’s current price of $26.64, we’re selling for a 16.2% profit.
Action to Take: Sell ZenCash (ZEN)
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06-08-2018, 10:23 AM #3961"if you leave the world a better place than it was when you got here, we all win"-Murs
++ Positive Crew ++
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06-08-2018, 10:34 AM #3962
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06-08-2018, 10:43 AM #3963
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06-08-2018, 12:03 PM #3964
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06-08-2018, 12:13 PM #3965
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06-08-2018, 12:17 PM #3966
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06-08-2018, 12:25 PM #3967
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06-08-2018, 12:31 PM #3968
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06-08-2018, 01:10 PM #3969
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06-08-2018, 02:35 PM #3970
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06-08-2018, 03:10 PM #3971
Guys might want to hop on prl now. Very low. The founder Bruno just stepped down as CEO and appointed a new CEO so that they can actually market and attend events since Bruno was anonymous. Bruno will be free to focus on the protocol now and they say they will be focusing heavily on marketing now. Just a heads up.
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06-08-2018, 04:04 PM #3972
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06-08-2018, 04:07 PM #3973
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06-08-2018, 04:29 PM #3974
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06-08-2018, 04:43 PM #3975
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06-08-2018, 04:47 PM #3976
I have been keeping up with this project because its community members are incessant *******s. Price is pretty decent right now, but you can tell they are trying to do anything and everything to get themselves out of the hole they are in. They need cash to stay in business, and they are a very long way away from a final product. They just released a main net but it was absolute chit. 5mb max file size uploads, and you have to remember all the keys for any files, and its not on the IOTA tangle either.
They are going to do anything and everything to pump the price. They will probably do more airdrops, and make up more tokens like SHL, and im pretty sure they will rebrand also just to stay relevant. I watched them shift from a javascript miner then to a cloud storage peg, and then they added some other coin shortly after. Not really sure what direction the team is going.No signature
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06-08-2018, 04:59 PM #3977
- Join Date: Jan 2011
- Location: SARAJEVO, Sarajevo, Bosnia and Herzegowina
- Age: 29
- Posts: 29,466
- Rep Power: 273869
apparently the CEO bruno is going to step away and somebody else is going to replace him
reason being, he was always anonymous so the new guy is supposed to become the ''face of PRL'' and actually talk at meetings/conferences etc. and go full retard on marketing etc.
that might be a step in the right direction, because the CEO until now was not concerned about the price at all...he was all about technology/development
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06-08-2018, 05:17 PM #3978
A new CEO can step up, but that still doesnt get rid of the glaring issues. Mainly that prl is not a working product now or for a long time in the foreseeable future. PRL is also in competition with like 7-8 other coins as well. They have also made a lot of enemies by focusing their efforts on the competition rather than the race.
No signature
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06-08-2018, 05:18 PM #3979
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06-08-2018, 05:39 PM #3980
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06-08-2018, 06:01 PM #3981
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06-08-2018, 06:02 PM #3982
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06-08-2018, 06:12 PM #3983
Well
OMG is a project that aims to make point of sale exchanges in any token you want (so you can potentially buy a waifu pillow using GAS and the waifu pillow seller will receive ETH)
NEO is a dAPP platform like ETH that is focused on being regulation-ready (if any comes) I think basically the strategy is to be more easily applied to existing businesses, whereas ETH markets itself (or just feels like) you can't "plug and play" your current business onto it if that makes any sense.
NEO and OMG are my biggest hodls, as well as BTC and some ETH for projects that look promising also seriously looking into Elastos
Disclaimer, the computer science of all this stuff is WAYYY over my head (slowly learning) but I understand the economics of itNatty poverty maintenance crew
Actual economist crew
Austrian school crew
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06-08-2018, 06:13 PM #3984
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06-08-2018, 07:32 PM #3985
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06-08-2018, 07:40 PM #3986
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06-09-2018, 03:22 AM #3987
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06-09-2018, 03:25 AM #3988
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06-09-2018, 04:10 AM #3989
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06-09-2018, 04:14 AM #3990
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