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@ambimorph@zooko@ZcashFoundation No. They view extra bells and whistles to attract shitcoin speculators as a form of “code inflation.” PoS systems necessitate continuous protocol upgrades, which inherently introduce new software vulnerabilities. Even bugs that were previously considered resolved can resurface.
@ambimorph@zooko@ZcashFoundation Well, based on that “future proposal,” the community is already split. Some Zcashers don’t agree with PoS, DeFi, Web3, or the idea of swapping $ZEC for memecoins on Solana. They want to keep Zcash as a plain old payment system and digital cash, so they’re planning to fork it.
@ambimorph@zooko@ZcashFoundation There's no other project derived from it or related to its technology, such as forks or projects using zk-SNARKs for privacy?
I heard that today’s Zcash is adding proof-of-stake, so some developers were planning to fork it to keep it a purely P2P system with zero code inflation.
@CrucibleLabs How bout only the most important feature: the ability to receive, send, and store $TAO safely & securely in self-custody. Nobody needs to buy TAO from third-party websites like MoonPay. Nobody wants to stake their TAO. Nobody wants to bridge TAO. Nobody wants to swap TAO. #NoBugs
@LiteStrategy@solana Nope. Stop lying, scammers. @monero and @Zcash were dedicated privacy pioneers long before @litecoin added any privacy features.
Litecoin only introduced its MimbleWimble Extension Block (MWEB) in 2022, and it is optional and only “good enough” for small, everyday transactions.
@BitcoinMagazine I just found out that “Proof of Work” is a lie. Explain how mining isn’t just a Fed-style printer.
If mining is a reward for processing transactions, how was Block 1 mined?
Block 0’s coins were frozen and unspendable. No money existed to move. Satoshi didn’t “process” anything.
@bitcoincoreorg@adam3us Hey @adam3us, I just realized “Proof of Work” is a lie. Explain how mining isn’t just a Fed printer.
If mining is a reward for processing transactions, how was Block 1 mined?
Block 0’s coins were frozen & unspendable. No money existed to move! Satoshi didn’t “process” anything.
@nate_zec@zooko Maybe it was @litecoin 😂
They still have a foundation and a cryptocurrency with privacy and fungibility—something called Spiderweb or something like that.
$LTC hasn’t been getting the credit it deserves as the silver to Bitcoin’s gold.
Do you think @SatoshiLite would do that?
@balajis@zooko Zcash must NOT be subject to capital gains taxes.
If it is, then it won’t matter how fast or cheap transactions are—nobody will spend it.
No one will accept it either, because they would have to sell it and not only pay capital gains taxes but also incur high exchange fees.
@CoinDesk I smell diarrhea & constipation bullshit. The only time an entire team quits in crypto is when a pump-and-dump crime was committed. They quit to take their plea deal. @jswihart, @zooko, @BarrySilbert, and the shitcoin twins @tyler & @cameron must all be about to go to prison. 😲
@zooko Bitcoin is open source as well, but consensus ultimately formed around Bitcoin Core rather than alternative implementations.
By analogy, which Zcash implementation does the ecosystem currently rely on? If the core development team quits, wouldn’t the software be unsecure?
1. The Zcash network is open source, permissionless, secure, and private, and nothing that happens in this conflict can change that. You can safely continue to use Zcash. 👍 ⤵️
@OP_Ataraxia@LukeDashjr@oomahq @calibrated_lies @1440000bytes@BitcoinKnots Saying ‘anyone can run a Bitcoin node’ confuses permission with competence. There’s no gatekeeper, but there is a learning curve.
Anyone can run a Bitcoin node, but not everyone knows how. ‘Permissionless’ doesn’t mean ‘zero technical skill’—it means no one has to approve you.
@amirhaleem Bro, I'm defending you. 😂
In traditional crypto terminology, a buyback carries a specific connotation: the team buys its own tokens primarily to support or inflate the price—that is, to manipulate the token price. But that’s not what you’re doing. So don’t call it a "buyback".
@amirhaleem Exactly 😆
But you don’t get what “buyback” means in crypto. Projects only do buybacks when there’s no fundamental reason for the token to be purchased by anyone other than a speculator.
There are no “natural buyers.” If the team buys the token, it’s just recirculated capital.