@ztipme@GhostofMapl@grok To be precise they gave themselves 2.1 Million (10% of the total supply) in the genesis transaction. So basically a eth like premine.
@CrypticMikeX@GhostofMapl Yes they are both money grab scams enriching insiders and their founders.
Satoshi never sold his coins nor did he make obscene profits.
@CoinImpulse Kleinunternehmer sollten gefördert werden. Kapitalismus ist nicht das Problem. Raubtierkapitalismus sehr wohl. Zb haben Ölkonzerne in Deu seit Beginn des Irankrieges 2,45 Milliarden an mehr Gewinn erzielt. man hört aber immer nur die Steuern seien schuld an den hohen preisen.
@SneakyAlgo@inversebrah It moved from sprout (trusted set up) to sapling (trusted set up) to orchard (cryptographic proof that was bugged from the start in 2022 till may 2026)
A quote from the devs:” we think it didnt got exploited” (but we can’t know)
GG
Now pump my bag so I can dump that shit.
@SneakyAlgo@inversebrah You literally have to trust that zooko, Todd and 4 other friends didnt cheat or kept copied the secret randomness when they set up the shielded pool.
Thats literally a trusted setup
@SneakyAlgo@inversebrah The hardfork didnt eliminate spam but it would show Bitcoin is centralized.
Its rejection was a healthy sign.
Covenants will happen.
Screenshot this.
@inversebrah Zooko literally gave himself 2.1 million ZEC for free (10% of total supply)
On top he gave investors a 20% mining revenue cut for 4 years (ofc for free)
End of discussion
@mk4_lul The 2.1million free ZEC that zooko et al gave himself at the start should be the bearish signal for you. But since ZCASH is the crime coin of this cycle you should be fun to dump your coins at around 2-3k
@CatOfLongTails@maxdesalle@Credib1eGuy Ok I bite. Who do you have to trust to use Lightning?
And if we want to play this game.
You absolutely have to trust that zooko, Todd etc didnt copy the secret randomness when they set up sprout.
So ZECs privacy is depended on the trust 6 people didnt cheat.
What a joke
1/ gm. gm. Name is Hsin-Ju.
I have a dark, kinda tragic personal announcement.
I've decided I'd rather take $0 than accept a settlement that requires me to stay silent about what happened to me. I have since fired my lawyers at @sanfordheisler & will be releasing all the evidence from my time @hack_vc on Wed 8/26.
INTRO: I've been in crypto for 9 years. Most recently I was a partner & head of platform @hack_vc which is a $600-700M crypto VC firm. Many of you may know me from my time as Head of Growth at @StellarOrg in 2017 (worked w/ the Mt. Gox founder), @Solana in 2018 (joined under ~10 ppl, but quit before my cliff), & @Fhenix in 2024. Or have attended one of my @DystopiaLabs ETH events (2019-now).
Last year, I was forced to work through a serious medical emergency while at @Hack_VC due to threats by @alpackaP@dbulaevsky, saying that they would blacklist me from the space if I quit before finishing the hacksummit conference & side events that I was helping with during @kbwofficial. I was working 13-14hr days, 6 days a week, sleeping 0-4 hrs a night, and had documented Graves' disease, hyperthyroidism, and severe insomnia. I repeatedly asked to quit. Hack VC refused. This + other threats and intimidation went on for almost a month.
The conditions got so bad I attempted suicide.
The fucked up part is that, even after the suicide attempt, I told everyone at Hack VC (in writing) that I had no plans to sue. I was scared & extremely sick. I just wanted to leave. I told them that as long as there was no retaliation or badmouthing - I had no plans to sue.
@Hack_VC chose to retaliate.
After just 1 month after my near suicide, Hack VC mishandled my COBRA health insurance, refused to fix things, kept shooing me to customer support (when it's legally Hack VC's responsibility to fix this), and my insurance had issues and was not fixed for almost 4 MONTHS. Hack VC did not fix everything until I hired lawyers and had them force Hack VC to adhere to the law & fix my COBRA insurance issues. The sheer cruelty of an employer harming someone's health insurance almost immediately after they nearly committed suicide is extremely fucked up.
And, even during the legal engagement, Hack VC continued to lie & attempt to harm me through their lawyers and other employees/partners (multi-million dollar carry & clawbacks can make even the nicest ppl willing to turn the other way or lie). @0xRodney@IsTheBaron@roshunpatel@Alex__Botte.
Now. Almost an entire year of engagement & my near suicide anniversary coming up, our lawyers (mine & Hack VC's) have reached the point of preparing for private mediation and settlement. And...I realized that I just can't do it. I don't want money in exchange for silence. I'd rather speak.
I fired my lawyers yesterday.
In case it needs to be said, I did a good job at Hack VC. I was only there full time for 7 months; been part-time since 2021. I got a $50k raise to $300k, $30k bonus, and promises of additional carry that would have been implemented about a week or so after my last day. I was also offered admission into the GP entity (but not sure if admission was actually completed bc it was during my medical emergency). This + my resume, should show that me suing is not a money grab; I was genuinely harmed.
I'm aware that I'm just one person (who is not rich) facing a $600-700M VC institution. I've been told by @alpackaP that he's known most of the managing partners at most VC firms for almost a decade and he could absolutely blacklist me.
I'm also painful aware that the conclusion of this will probably be extremely poor for me or death - but I've accepted it.
Sharing with other web2 & web3 VCs:
@paulg@ycombinator@500STARTUPS@a16zcrypto@PanteraCapital@dragonflyvc@RaceCapital@hosseeb@haunventures@hiFramework@ElectricCapital @blockchaincap @Delphi_Digital@variantfund@1kxnetwork@archetypevc@shimacapital@robotventures, etc.
TLDR; I’m done with continued threats, pressure, and intimidation. I'm not going to take a payout and allow Alex or Hack VC to walk away from harming me. As mentioned, I'll be dropping the evidence from my case on Wed 8/26 (or before) -- privacy be damned.
Support here (or DM) please:
ETH: 0x68c10776C5c05Cbf5B4C2318bE02D61B9f06B875
SOL: B7S8TPcWWJXTsmgG8ShoTmy8sNPuJ3Dbmt7z5gLFAveq
@ThorTorrens Bitcoiners just don’t like the fact that zooko et al gave himself 2.1millions ZEC ($3.15 billion) for free that they dump relentlessly and gave investors a 20% ‘mining revenue “dev” cut for years.
Bitcoiners actually have principles and care about a fair money.
Cheers
@bitcoinjack ZCASH is a ad for bitcoin.
- ZEC had a 10% of all coins airdrop for the founders at its start
-zec had a 20% mining fee for investors and “devs” for years
- we have to trust nobody copied the secret randomness when they created sprout
Enjoy the pump but ZEC is garbage