Why Zcash?
All of crypto is an open database that is traceable. If you want self sovereign money safe from government overreach and seizure, it also needs to be undetectable.
Zcash has the same economic policy as Bitcoin (21m total coins, same halving schedule started later), but it becomes entirely fungible by encrypting the ledger. When you realize that even Satoshi himself can’t use his Bitcoin, the importance of total encryption hits home.
I think this gets more important as we face the confluence of
1) USD monetary issues via money printing, inflation and unlimited debt,
2) the rise of communist movements and authoritarian wealth seizures, and
3) the massive increases in AI capabilities leading to more tracking and surveillance
When Bitcoin was started in the aftermath of the 2008 financial crisis, the concern over money printing aka “quantitative easing” was just beginning, it was not yet obvious there would be a problem.
At the same time, money as system of control was merely an issue for terrorists and murders. Now the theoretical issue has become real as freezing or confiscation of political adversaries becomes more common.
Today we face all these pressures at the same time: monetary debasement, political censorship, and hyper surveillance.
These were less apparent when Bitcoin was started, and the threat of hyper surveillance was not solved until Zcash forked Bitcoin’s code and made it encrypted Bitcoin.
This is why Zcash.
Zcash, not communism.
It’s true, Zcash does not need to only be encrypted Bitcoin.
It’s already entered the SoV phase that Bitcoin was able to achieve.
Need a lot more work to finally realize the full p2p electronic cash mission.
This is why I’m particularly excited about moneyness, security, decentralization, scalability and UX.
Zcash now in SoV money era.
Zcash for billions, the digital cash era.
Nice rhetoric, labelling speech you disagree with as “hateful and vitriolic bullies”.
You take money from coinholders and immediately start a bad faith propaganda campaign against them.
Your first public advocacy in Zcash is to antagonize the majority of the community.
Good luck in DC, I remember my first time.
I would like a refund on PGPZ, Divij. You have been a poor representative of Zcash in the public ecosystem and I can’t imagine what you might say behind closed doors in DC.
The way you and Paul have handled the rightful scrutiny in public around how your org was funded has been unprofessional and not beyond reproach.