There's a lot of confusion about the recently patched Zcash bug. Here's how to actually understand it.
If the bug had been exploited before the patch (very unlikely it was), it would have looked like the shielded pool getting drained. Whoever minted the counterfeit shielded ZEC would want to sell fast, before anyone else found the same bug. And remember, the market for ZEC is almost entirely transparent ZEC, not shielded. You can't dump freshly minted shielded ZEC on Binance or Coinbase without unshielding it first.
The losers in that scenario are shielded holders who sit still. The transparent portion of Zcash is fully visible, so it's trivial to enforce that transparent ZEC never exceeds max supply. If you try to unshield more than the cap, you'll get stopped at the door.
So if you hold transparent ZEC (anyone trading, on an exchange, or doing price discovery on ZEC) there's no marginal effect on you. The loss falls entirely on shielded holders.
The team's next step is a new turnstile and a fresh shielded pool in the coming upgrade, which will confirm the shielded pool was not inflated. Think of it as taking headcount at the end of the field trip--that will make sure no extra kids snuck onto the bus.
But while AI found this bug, AI will also deliver the fix for the whole category: formal verification. I'm very bullish on this as the path to harden all software across the industry. Formally verified cryptography can't have implementation bugs by construction.
Right now AI is surfacing vulnerabilities across all our software--browsers, OSes, and blockchains are no exception. We're in the awkward adolescence where every wart is getting magnified and put on full display. But formally verified software is the only path forward for mission-critical software, and Zcash has put it front and center on their roadmap to deliver.
Privacy is too important not to.
(Dragonfly holds $ZEC and continues to. I'm personally an investor in ZODL.)
I've lived in Buenos Aires for about 8 months total, and finally got hit with my first Anti-Gringo sentiment in person the other night
I was at a Mundo Lingo language exchange (would highly recommend going to these) and walked up to a group of attractive women in front of the bar
She saw my American flag and instantly asked me what I thought about Donald Trump
I should have probably walked away when she asked me this question
The tone wasn't curious, it was laced with intense judgement
"Tengo pensamientos mezclados, pero voté para él"
"I have mixed thoughts, but I voted for him"
Is how I responded
She said she hated my country, my government, and Donald Trump, and she doesn't like gringos
I said, you can say what you want about my country and government, but I'm an honest, kind person with values and morals, and not the devil you think I am.
Maybe more context and defense than what was needed, but I felt the need to speak what was honestly on my mind
I said nice to meet you, and walked away from her group, which seemed to be in full acquiescence and agreement with her feelings and thoughts
I have harbor no animosity or ill will towards her or her friends tbh
I understand why they think and feel the way they do
I'd feel the same way if I were them and consuming the media they were consuming
I tell this story just to say...I've talked with probably over 1,000 people here and this is the first person to show me outright disdain and ill-will in person for being an American
A lot of "American hate" you hear about and read on the internet is just that...keyboard warriors that aren't willing to say these things to your face directly
99% of the people I meet here are kind, warm-hearted people with good intentions. Respectful to the fullest extent
Spanish and English are more similar than most people realize:
Roughly 62% of English words have Latin roots.
Roughly 78% of Spanish words have Latin roots.
Overall, 70% shared linguistic roots.
Learning Spanish will make you a better English speaker and writer.
One of the reasons I choose to spend a lot of time in Argentina 🇦🇷:
I'm a gigantic Geography nerd, and I think it's legitimately one of the greatest countries on Earth.
It easily has some of the best Geography on the planet.
And Geography is Destiny. (A thread 🧵)
Over the past couple of years, I’ve achieved practical fluency in Spanish.
If I had to start learning Spanish again from zero, I’d do it completely differently…and probably learn 200% faster. (A thread 🧵)
Most nomads skip Uruguay.
Too boring…too small…too expensive.
WRONG.
It’s one of the safest, freest, and most stable countries on Earth —and one of the smartest Plan B’s you’ll ever find.
Let me explain 👇
Dave, I am not trying to be a dick but this is EXACTLY what Douglas was saying to you. He was saying you talk about things you don't understand with a level of confidence that is inappropriate.
And you pretended he was calling for censorship. You can't have it both ways.
When done well, Spanish cuisine is the best on the planet.
But in my country, it is remarkably overlooked.
Here are the foods items from every region that make Spain the culinary capital of the world...🧵
Twitter spaces, but chat instead of audio! Tons more to come but @flipchat_app is really starting to take shape. If you have any feedback or ideas come join my Flipchat! https://t.co/JKjizuGDP4
Today we’re releasing a new version of Flipchat we call “Chat Based Spaces”.
It’s the format of a Space – with Speakers and Listeners – but conversations are chat based and long lived. And if you’re a Listener and have something you want to say, you can pay the Listener Message fee to get your message into the chat.
Flipchat is the best place to chat and debate online, where the conversations go beyond one liners and live on like a group chat.
This is Homer.
His 2,700-year-old epics, ‘The Iliad’ and ‘The Odyssey,’ have shaped storytelling as we know it.
Here are 3 lessons from his writing that every digital writer can use to create timeless work (that goes viral and changes lives):
You can now share rooms directly to social or as a link!
We'd love to see how you use share links and anything else you think might be a helpful tool for sharing.
Drop your rooms below so others can easily find and join!
Was able to get @CoinGecko to add new categories for @Kin_Ecosystem including Payments and SocialFi. We will add GameFi once the Bart Oatmeal game launches next month.
Small but meaningful step in making Kin’s use cases more visible.
You can now customize your Room Name in Flipchat!
Share a screenshot of your Room Card below so others can check them out. Our team will be popping into some rooms over the next few hours. Looking forward to chatting with you there!
BEAST GAME EPISODE 3 IS OUT NOW!
To celebrate, I'm giving away $100,000 total to 10 random people who like and retweet this post!
Go watch it here: https://t.co/Yntf9E7FTN