almost all privacy protocols have a variant of this same thing
this same FUD comes back every 5 months as new people learn how privacy pools work (and curiously it mostly comes from xmr ppl who are also vulnerable to counterfeit bugs lol)
in theory, with a zk privacy protocol (not just zcash), you could have a bug in a circuit that inflates supply provided someone extremely sophisticated finds it and somehow exploits it undetected (the difference between a regular defi exploit is that it's harder to detect)
the new information since last week is that the team has ramped up redteaming their own circuits with a ton of new advanced tools and teams specifically for this purpose and patched the bug in the process
(I actually thought people would find this bullish but I'm retarded clearly)
on zcash, you can catch this with a turnstile such that the total supply is not inflated and the attacker is stopped but that would effect withdrawals from that specific shielded pool until social consensus
you can probabilistically claim there was no exploit though not definitively because the turnstile would've triggered and probabilistically an attacker would've sold by now or the several other run ups, and the fact that the very best security people from all over couldn't find an issue for years, but nothing has changed as this was always the case
it's also why "just adding privacy" on a different chain (without audit ability) is not as easy as it sounds because you want the very best people working on this at all times and that was the point of this
I get this makes some people uneasy, so there will be a network upgrade to allow anyone to verify the integrity, coming up (see zooko's post)
this is why project tachyon is going to be such a banger. not just because it will be quantum proof but because it will be a new pool (which will definitively prove this wasn't exploited), but because it will be formally verified, simpler, and provably sound
anyway, im shielding and chilling
see:
https://t.co/qhbBDy2Kk4
@TAOMaster88 I own about 30+ subnets.
The discounted ones are all sub .005
Suggestions: Leadpoet, Babelbit, AdTao
Honestly, I could make the case for 50 subnets.
My Bittensor subnet alpha is going to be MASSIVE by the time the tides turn.
APY will do the work for me.
I'm in subnets with real utility and doxed teams.
Think about this: once money flows heavy into DTAO, it will go to the more established and productive subnets.
Plan accordingly. This is a generational opportunity.
bittensor:native
SpaceX plans to sell 555.6M shares at $135 in its IPO
Reminder that there will only be 21 million Bittensor bittensor:native
There will also be only 21 million alpha of each subnet.
This allows for enormous opportunity for early bittensor:native alpha stakers to invest in decentralized AI start up companies beating their centralized counterparts - and ONLY getting better.
@wallstreetbets Thank goodness I bought a lot when it was between $200 - $300.
Although I still think its "cheap" when thinking long term.
I will continue to DCA until I hit my target amount.
Dan, is this your life now?
Just sniffing for something Tesla related to complain about?
Or are you secretly trying to get attention from Elon Musk?
Either way, you're like the ex that won't go away.
Get a life. Get a hobby. Maybe find a woman or man to give you attention. Because Elon doesn't acknowledge the ant crawling underneath his shoe.
Kalshi traders predict Bitcoin bitcoin:native will drop below $60,000.
Last time bitcoin:native dipped below 60k, it shot back up to 70k same day.
Personal viewpoint: let's get this flush out of the way so we can see all time highs by year end.
bittensor:native is still my high conviction bet for this cycle.
Good to see Synth get the recognition it deserves!
โข On 15 min markets: Synth correctly called direction 86% of the time vs 57% for Polymarket
โข On hourly markets, Synth achieved 75% accuracy vs to 62% for Polymarket