What happened to Zcash is catastrophically bearish for the entire crypto industry and I'm not sure people have realized that yet
AI has made what little upside there is left for these coins really bad r/r
I’ve exited all DeFi positions for the foreseeable future.
Zcash has some of the most talented developers in crypto, and they still missed a critical vulnerability that sat unnoticed for nearly four years until it was recently discovered with the help of Claude.
If a team of that caliber can miss something that significant for that long, it’s hard for me to believe other protocols aren’t sitting on similar undiscovered issues. The incentives for attackers are simply too large.
@jaymesrosenthal Yeah man feels good to be watching all this debacle from the sidelines for once. This is on top of the slow bleed of nearly everything except HYPE. Fortunately my only crypto exposure is $PURR
It will take us months/years to recover from this
We need businesses that create billions of dollars (decentralised inference,..) or create meaningful models the world will use
Until then the industry wont see any growth imo
Basically everything in crypto was coded by retards who couldn't make it in actual tech companies or finance, so Mythos is going to steamroll through and pretty much everything will be exploited or have bugs found.. The things that survive will be nuclear bomb proof.
There’s no other time I can point to where all of us were retardedly bull posting an asset with insane targets daily and it didn’t instantly turbo dump
It’s not unprecedented, but the last time we got away with it was btc in 2017
The dumbest people you know will retire on $zec