Dory

[VLAD HOSTS THE BEST PODCAST IN BITCOIN @Vladcostea]

So much Zcash FUD was obliterated over the last year… and it reflects in the price!

Last year, one Chinese mining pool (viaBTC) controlled more than 50% of the hash rate. Monero bros were warning that a massive 51% attack is coming and shielding transactions will be censored.

Today, viaBTC only controls 35% of the hash rate. American pools like Foundry and Luxor stepped in to create more balance and decentralization.

Last year, the Electric Coin Company hired most of the devs and was in charge of every major decision.

Today, you have lots of dev companies: Shielded Labs, ZODL, Valar Group, Tachyon. They work together, support each other, disagree on some philosophical issues (Shielded Labs wants shielded assets, ZODL wants to keep the simple design). But at the end of the day, everything works.

Last year, one could argue that shielded pools are unauditable until 100% of coins were withdrawn.

Today, Ironwood provides supply auditability with the same privacy protections.

Last year, most Zcash wallets and services were built by ECC employees and ECC grant money.

Today, there are many more choices. There’s a parallel and equally good ZEC mobile wallet (Vizor). There’s a new node client that’s faster and competes with zcashd: it’s called Zakura. The culture is less monolithic, as everyone can choose which software to use. Once again, more decentralized.

There’s also a lot to be said about the boost in exchange liquidity, UX improvements, DeFi integrations, progress-driven governance system (the recent vote for faster blocks is a major leap).

All these upgrades are reflected in the amount of shielded coins: 5 million ZEC is now stored in shielded pools, compared to last year’s 1.4 million ZEC.

Zcash is no longer the same project it was a few years ago: it’s bigger, it has a very healthy dev culture, and it’s constantly expanding in ways you would not expect.

There’s so much more to the picture than Balaji, Naval, Arthur Hayes, Barry Silbert & the Winklevoss twins.

If you cannot see the massive improvements and you think about Zcash in 2017 terms, you’re most likely zidelined and intellectually dishonest.

This technology is finally mature and it found its use cases: saving & spending with world class privacy, which leaves no sensitive financial data for the public to scrutinize.

It’s okay to be zidelined. It’s okay to wish that your bags were pumping instead. But if you cannot do fundamental analysis in the era of powerful AI and podcasts about everything, you’re really not gonna make it.

Zcash is making amazing progress at a rate most people can’t even follow. And privacy is the next big bull market narrative. So buckle up, forget about your 3% gains in bitcoin for a little while, and study a Zcash project. Join the Telegram/Discord channels, ask questions, learn something new about the most exciting field of mathematics and cryptography!

Don’t follow leaders, watch your parking meters - Bob Dylan

[path.eth 🛡️ @Cryptopathic]

now that it's up 50x CT is realizing they should have been buying Bitcoin 2 instead of making fun of it

[Dory @PesceDory]

@dark_analysis @0xPolygon Ponzigone lol 😁😂😂😂😂😂

[zerotrace @zerotracefyi]

I truly believe the great transfer of wealth from $BTC to $ZEC has started.

I’ve been in this space since 2010.

Back then it was cypherpunk culture. Privacy. Innovation. Don’t trust. Verify.

We believed Bitcoin was supposed to challenge the financial system.

Somewhere along the way the culture changed.

Gatekeepers appeared. Consensus ossified. Innovation became dangerous.

A lot of people feel betrayed.

I do too.

Maybe the next chapter of crypto belongs to the people who never forgot why it started.

$ZEC

[Arjun Khemani @arjunkhemani]

VanEck CEO Jan van Eck on CNBC:

“There’s something else going on within the Bitcoin community that non-crypto people need to know about.

And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken.

We don’t right now, but you always have to look at the underlying technology and the crypto.

What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming?

And secondly: Is there enough privacy in Bitcoin?

And so a lot of Bitcoin OGs or maxis have been looking at Zcash.

Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy.

The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’

But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it.

You can see it move from one wallet to another.

And a lot of people are looking for more privacy.”

[genzcash @genzcash]

If Liquid had followed Zcash’s lead on formal verification, they could have caught their inflation bug before attackers exploited it.

But this dude was too busy calling Zcash a pump and dump from $80 all the way to $1,200.

[Dory @PesceDory]

@in4crypto For me, the second reason has always felt more genuine than the first—can you believe it? That’s how much I despise toxic maximalists like the one we were talking about yesterday…

Betraying a love and an ideal the way they did is unforgivable.

[zooko🛡🦓🦓🦓 ⓩ @zooko]

ZEC going from $0 to $17bn in less than a decade is important, because Zcash is important for society. A civilization requires three coordination primitives to survive and prosper: communication, computation, and money. Zcash is money. Money for an infinite civilization.

[Dory @PesceDory]

@in4crypto A priest is a priest (and I say this as a believer); you can’t convince him that there is any other God besides the one he preaches about.
This guy is worse, because this isn’t faith—it’s… bad faith. 😉🤮💩

[mert @mert]

@levicook the only thing worse than missing something once is missing it twice

[Dory @PesceDory]

Today we’re celebrating $ZEC,but my thoughts go out to a dreamer and privacy advocate who tried to contribute years ago.

Due to life’s unexpected twists he had to sell his entire position a couple of years ago

You have no idea how much I wish you were still a Zodler my friend

[Balaji @balajis]

Zcash $1,000.
Zcash $10,000.
Zcash $100,000.

[path.eth 🛡️ @Cryptopathic]

@cobie we did it

[Dory @PesceDory]

@BarrySilbert @WhenFlies @jeremiahrogers My (financial) quant

[zooko🛡🦓🦓🦓 ⓩ @zooko]

@robustus @hasufl Really hoping Zcash can continue to practice Deutschian progress and innovation, instead of succumbing to NGU mania, cargo-cult science, and ad hominem politics, like Bitcoin did.

[Kevin Zhang @SinoCrypto]

We’re all getting girlfriends aren’t we??

[Dory @PesceDory]

@vadim_web3 The question is: why should a whale invest this much money in Polygon?
You invest that kind of money if there’s a reason (which I don’t see right now)—not on a hunch or just to take a chance.

[Naval @naval]

The time to be most ambitious is when you have nothing to lose or nothing left to gain.

[Dory @PesceDory]

@genzcash Genius 😂😂😂

[Jeremiah @jeremiahrogers]

A problem with Zcash marketing is everyone talks about privacy.

We don't talk about everything else: fiat, debasement, the benefits of a hard money.

It's literally the entire ethos of Bitcoin but ALSO private.

Another thing I don't think people talk about enough is self custody.

The Bitcoiners really lost their way by requiring custodians, channels, and mints. Those are banks by another name.

No banks. No eyes on my money. No money printer.

That's why I'm here.