When Arthur Hayes was asked why Zcash by Melker, his answer said it all. He acknowledged he didn’t understand the tech, he acknowledged he and Winklevoss were just getting behind a “privacy” coin narrative, he was like “I don’t know” “pick one”. Being so bullish on something you don’t understand and cannot explain in simple terms is a red flag. And that’s rampant around the crypto world. Traders often trade lies. Few understand the tech and understand the “why”. They will deliberately mislead the herd. Don’t be the herd. Don’t be the trader.
This proposal will act as a temperature check for our ecosystem.
Perps IS where the money and the opportunity are.
Do we want to invest in growing Cardano's piece of the pie, or are we comfortable with the status quo?
Time will tell.
Even someone like Arthur Hayes, and other such traders with big megaphones, push Zcash, when he admittedly does not know how it works (Hayes said privacy is a good new narrative and he just picked Zcash). Mr Woods here actually knows. Zcash is risky and not foolproof. So many traders/“investors” pushing shiny objects not knowing what they really are.
@will__mcevoy Zcash proving is probabilistic.
Jesus Christ man someone needs to take away your X access.
Better the intern posts this slop than the CIO.
@JaromirTesar It’s called a Hail Mary, a long shot pass as a last ditch effort. It must happen and with open arms. Decentralized - yes. But no one can admit its success in today’s environment makes the chain dependent. This is needed.