@TrustlessState@lex_node@MilkRoad I think that's stupid argument ETH has value 200b$ every other L1 has value in millions if not billions the real question is where do people use that tech ? For now it's not adopted in ways that will force people to use it and give that token value.
The way to understand the ZCash bug is itβs not infinite mint of ZEC itself. Itβs more like the shielded pool (Orchard) could become insolvent. Think of it more like the KelpDAO hack for ETH.
Very little reason not to proactively unshield any ZEC today. Being early to the exit is always better in a bank run. Consider Orchard burned, and donβt re-shield until thereβs a new pool with a clean history
@frankdegods this is not about quantum this is about opensource money we will see things like this x1000 even with post quantum rails this does not have anything to do with quantum in the first place.
Bitcoin is right on the 200 week moving average
The only time BTC went below it was post Terra/3AC/FTX - the worst contagion event in crypto.
I don't think Saylor's $STRC issuance is anywhere close to that level of toxicity