FUD

This is a legacy article. It may no longer be accurate or up to date.

1. They created Zerovert coin back in late 2014 and just when it hit some major exchanges, they dumped their huge premine and the devs never replied in that thread ever again.

Proof that the Premine was not Dumped

You can investigate the block explorer in http://104.236.208.91/chain/Bitcoin

Here is the premine in Zerovert. 84000 in first block and another 84000 is for founders, and 42000 is for bounty, marketing, translation, website, community, giveaway and other marketing and development stuff.

The first 84000 from block 1 was sent in block 123 as you can see.

The second 84000 from block 2 was sent at the same transaction in block 123 bcd083b0d4c24282418e4e5e1426ba8ce8f6c257f1a394294e907adeef5522dd.

The bounty of 42000 was left untouched

Examining transaction bcd083b0d4c24282418e4e5e1426ba8ce8f6c257f1a394294e907adeef5522dd it is clear that both the 84000 from Block 1 and the 84000 from Block 2 remain untouched. Therefore the premined coins were not touched despite these false claims.

Another evidence of someone trying hard to FUD our coin is shown below and "TheCoinFinder" raised the point that c-cex's volume did not show any evidence of any dump. "There is no volume on c-cex to support such a dump though, so that statement is meaningless, regardless of whether or not you trust the known developer."

Why Zerovert was abandoned

When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

2. Zcoin is just a rebrand of the founders' other project Moneta

Zcoin is indeed Moneta. However, Moneta was never launched as can be seen in this article

In that interview, Gary was very clear:

BC: What are Moneta’s specs, as in mining type, coin production rate, production cap, hashing algorithm(s), etc?

GL: This will be finalized and announced on a future date, when we release the genesis block for the realnet.

Moneta as a name not only had a lot of competition (as a quick Google search will show) but there are other coins with the name Moneta as well thus creating potential confusion.

• Moneta (MNTA)
• Moneta Verde (MCN)

These coins are not connected or affiliated to us in anyway.

We have never hid who we are and as our coin's key feature was the implementation of the Zerocoin protocol, when we were ready to launch, we felt it apt to call it ZCoin to also distinguish it from the Zerocoin protocol. These rebrandings are common and have happened with other prominent coins such as Dash rebranding from DarkCoin, and Monero from Bitmonero.