SamuraiSteve.eth 🦇🔊

Ethereum Obsessed Living in Thailand 🇹🇭 Discipline •

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

I moved to Thailand using crypto income.
Made mistakes so you don’t have to.

Turned everything I learned into a short survival guide money, visas, banking, discipline.

Living in Thailand on Crypto Income (link in bio)

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

Listen I'm an $ETH guy first, but $ZEC has value the criticism while valid, was a bit of an overreaction.

[Haseeb ＞|＜ @hosseeb]

There's a lot of confusion about the recently patched Zcash bug. Here's how to actually understand it.

If the bug had been exploited before the patch (very unlikely it was), it would have looked like the shielded pool getting drained. Whoever minted the counterfeit shielded ZEC would want to sell fast, before anyone else found the same bug. And remember, the market for ZEC is almost entirely transparent ZEC, not shielded. You can't dump freshly minted shielded ZEC on Binance or Coinbase without unshielding it first.

The losers in that scenario are shielded holders who sit still. The transparent portion of Zcash is fully visible, so it's trivial to enforce that transparent ZEC never exceeds max supply. If you try to unshield more than the cap, you'll get stopped at the door.

So if you hold transparent ZEC (anyone trading, on an exchange, or doing price discovery on ZEC) there's no marginal effect on you. The loss falls entirely on shielded holders.

The team's next step is a new turnstile and a fresh shielded pool in the coming upgrade, which will confirm the shielded pool was not inflated. Think of it as taking headcount at the end of the field trip--that will make sure no extra kids snuck onto the bus.

But while AI found this bug, AI will also deliver the fix for the whole category: formal verification. I'm very bullish on this as the path to harden all software across the industry. Formally verified cryptography can't have implementation bugs by construction.

Right now AI is surfacing vulnerabilities across all our software--browsers, OSes, and blockchains are no exception. We're in the awkward adolescence where every wart is getting magnified and put on full display. But formally verified software is the only path forward for mission-critical software, and Zcash has put it front and center on their roadmap to deliver.

Privacy is too important not to.

(Dragonfly holds $ZEC and continues to. I'm personally an investor in ZODL.)

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@marilyn100x I understand that at the time but that was addressed.

[Arjun Khemani @arjunkhemani]

Devs are actively building a formally verified shielded pool. Migrating to it would lock in the 21 million ZEC supply cap and provide cryptographic assurance that this bug was never exploited.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

Honestly the reaction $ZEC exploit is overblown people are freaking out. It never happened and it was patched why are we freaking out. Every blockchain has had a moment where something was sus.

[Justin Bons @Justin_Bons]

Zcash FIXED an inflation bug & you are all panicking...

Stop overreacting! What matters is that the good guys caught it first: ZEC's team is competent!

It was always known this could happen; it even happened before

Privacy is too worthy a cause to get dragged down by ignorance

[jasperthefriendlyghost.eth @drjasper_eth]

Can we fork Bankless and just give it to Ryan please.

[Param @Param_eth]

I wake up.

Open X.

Timeline full of zcash:native vulnerability posts.

Open my wallet.

F**k, I'm down bad.

Open X again.

Turns out there was no exploit.

The team is already fixing the bug.

Still holding my ZEC.

Still believe in privacy.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@AltcoinDaily I honestly agree with the point. Crypto was created to not to need governments to survive. But I guess a lot of normies don't see it they want the government to come save them if they make a mistake or if someone misleads them in the space.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@DeFi_Dad All you can do is improve yourself to block out the noise

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

How does one choose between Bangkok and Pattaya I love the city how many options BKK has but something about being in the beach in Pattaya hits different.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

I understand what you are trying to say David. But honestly crypto has succeeded this long because there isn’t a single leader. It’s succeeded because the community has aligned on something not one person. If your criticism is that the community hasn’t aligned recently then that’s a different discussion.

[RYAN SΞAN ADAMS - rsa.eth 🦄 @RyanSAdams]

Vitalik on ETH the asset.

Yes. He finally said plainly that ETH is the most valuable product of Ethereum.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@leolanza Shout to @Etherealize_io for doing some impressive work!

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@rektfencer Honestly his average is going down so the more he buy the more he will be up overall.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

@ec265 There is only 1 Ethereum.

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

Huge thanks to Nethermind & ETHGas for the insights at Southeast Asia Blockchain Week.
The future of agents is on-chain.
Full EIP: https://t.co/QCkMvQGUy3
What are your thoughts on Trustless Agents? Game changer? 👇

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

Just got back from Southeast Asia Blockchain Week where I heard directly from Nethermind and ETHGas about the exciting innovations happening in agent tech.
One that stood out: ERC-8004: Trustless Agents the standard that could unlock open AI agent economies on Ethereum. 🔥

[SamuraiSteve.eth 🦇🔊 @_SamuraiSteve_]

This feels like the missing infrastructure layer for AI × Crypto. Agents become ownable, tradable, and trust-minimized assets.