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/biz/ - Business & Finance

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57956002 No.57956002 [Reply] [Original]

>ZEC ETF in filing
>PoS soon-ish (eat shit with your PoW, machines = seized)
>shielded assets & zUSDT
>ZEC x Filecoin (x BAT), paying for FIL storage with shielded ZEC

>> No.57956022

Very cool mossad agent shlomo

>> No.57956030

>>57956022
Yeah yeah. And? Boomers are copy-trading Grayscale and you can buy ZCSH in your 401k.

>> No.57956312

>>57956002
>PoS
How is it legitimately better? Looks like a standard ploy so the beneficiaries of the premine/dev tax can earn more.
>machines = seized
Maybe cringe zcash ASICs, kek.

>> No.57956361

>>57956312
PoS is better because it eliminates forced sells from miners. Look at coinmarketcap: the only coins that constantly stay in top10 are BTC, stables, and PoS coins. Every PoW coin fades away.

>> No.57956424

>>57956361
How does their PoS setup look like?

>> No.57956493

>>57956424
It is a hybrid PoW+PoS Trailing Finality Layer similar how ETH was pre-merge.

>> No.57956759

>>57956030
Why the Christ would anyone want to hold a shitcoin in their 401k? Every halfwit nigger here claims their coin is getting an ETF and guess what, they won't, even BTC was just barely passed.

>> No.57956932

>>57956493
There are a few with similar setup, but Veil Project has hybrid pos-pow but staking with ringct soon so new coins are in shielded addresses at creation.

>> No.57957004
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57957004

>>57956759
Because Grayscale has applied for an ETF and your random shitcoin doesn't have any institutional backing https://archive.is/C6t65

>> No.57957074

>>57957004
why would a massively pre-mined coin get an ETF

>> No.57957087

>>57957074
it's the second ETF to come after Bitcoin. that's why Ethereum is gaining against Bitcoin: smart money is loading up. but let's keep this discussion to Zcash.

>> No.57957109

>>57957087
Zcash had a premine of 21% of its coin going to investors and the devs. how can they get an ETF, based on this?

>> No.57957127
File: 253 KB, 1080x1620, Screenshot_20240311-163757_Brave.jpg [View same] [iqdb] [saucenao] [google]
57957127

>>57957004
If it's 9.2 BAT per share why is it selling for $17.49?

Shouldn't it be about $3.30?

>> No.57957157

>>57957074
>>57957109
bitcoin was also premined and got through just fine

>> No.57957172

>>57957109
Because they have a layer of indirection. Grayscale Privacy ETF can invest in random securities (which is what most ETFs do) and is pledging to invest in Grayscale Zcash Trust. Your question pertains to whether the latter can get converted to an ETF, not whether the former is getting approved.
Biggest institutional Bitcoin holder isn't spending $millions in lawyer fees for literally nothing. What do they know that you don't?

>> No.57957230

>>57957127
You pay a premium because you can conveniently buy this in your 401k. Grayscale Bitcoin trust negative premium was a massive trade before they converted to an ETF. You basically were buying Grayscale-locked BTC at a big discount in hopes that ETF will get approved. After it did premium all but went to zero and you cashed in.

>> No.57957235

>Devs actively making this coin worse and worse by the day.
doing a better job at this then the eth foundation, i kneel.

>> No.57957325

>>57957230
So is this premium a good sign for BAT? Or does it mean the GBAT trust is overvalued?

>> No.57957405

>>57956002
I won 10 zcash during an anon's digits-raffle and he never paid me

>> No.57957540

>>57957325
they will probably buy BAT though nothing is technically forcing them to buy BAT (just yet) to equalize prices because GBAT isn't an ETF (yet). the premium will fluctuate based on demand, which should stay high until a BAT ETF exists, then GBAT will crash to the BAT price as investors dump it for the BAT ETF. same thing happened with GBTC, it always traded at a premium in prebull and bull markets until the BTC ETFs came online in Canada and Europe, after which GBTC was been at a heavy discount and enabled the cash and carry trade.

>> No.57958825

bump

>> No.57958860

>>57957540
So I have a lot of grayscale eth in my 401k, I'm guessing I should sell before the ETF?

>> No.57958887

>>57958860
the opposite. if you believe in Ethereum ETF you should buy more ETHE as it trades at 8% discount relative to NAV which covers multiple years of management fees. we'll have the ETF before that.

>> No.57959554

>>57958887
Awesome. I'm beginning to understand it more. Thank you very much.

>> No.57960402

>>57959554
You're welcome anon. I can't believe /biz/ is still sleeping on altcoin ETFs. smaller market cap = faster and further run-up

>> No.57960514

>>57960402
Ty for the explanation. Do you think we will see a BAT etf some day?

>> No.57960655

>>57960514
I hope so. It basically all depends on how difficult it will be to get an Ethereum ETF. If it goes without a hitch or if the courts remand SEC again then Grayscale will have a clear path ahead.
I'm personally bullish on BAT. Have some Chrome instances here and there but will switch them over when Google kills uBlock Origin later this year.

>> No.57960715

>>57960655
Yea me too actually. Thank you anon.

>> No.57962430

>>57960402
Which alts you looking at?