L. Amber O'Hearn 🛡 Right here, right now

code(s), information theory, linguistics, brains,… ‖ Erdős #4 ‖ former board member @LeastAuthority and @ZcashCommGrants committee ‖ aka @KetoCarnivore ‖

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

"Sell your cleverness and buy bewilderment." —Rumi

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@lite_hause How do you know you were blocked for expressing an opinion? Maybe you were blocked because you were expressing it like a jerk, or not responding to conversation constructively.

You're not entitled to attention just because you have an opinion.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

Software developers... should not be treated as money transmitters solely because they develop decentralized software.

[Paul Brigner 🛡️ @paulbrigner]

@BlockchainAssn @zodl_co Key intel delivered ✅

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@GoodTexture Definitely, to some level of resolution.

I actually really like this balance described by Jeremiah, where NASDAQ, Zcash, and cash mutually hedge.

https://t.co/AD0AkQldE2

[Jeremiah @jeremiahrogers]

I think of my portfolio in scenarios.

I used to keep 100% in Bitcoin until I went to bit devs and met core engineers.

I heard enough to scare me into 70% Bitcoin, 30% other.

These days I'm approximately 40% Nasdaq, 20% cash, 40% Zcash.

These are all very personal decisions based on liquidity, timeline, and risk tolerance.

For me I like a lot of cash, it's the only thing that matters when the shit hits the fan. It is where financial gravity points -- it's the floor.

Nasdaq companies are the most efficient in the world. QQQ has a ton of structural reasons it should not outperform other assets, and yet it continues to. As a mentor said "if it's stupid and it works it's not stupid"

Zcash I've already written about a lot. It's a high beta SOV asset. I like the privacy. I also like the community.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

You will be blindzided.

Zcash is not competing on "added features" in some simple, single-cycle fashion.

Transparency and quantum susceptibility are baked into Bitcoin and can't be addressed with bandage layers.

Zcash has been preparing for this moment for ten years. Privacy is absolutely necessary for SoV, and it's a first-class property of the protocol—you can't just add privacy at another layer. What Zcash does simply cannot be done by the other protocols listed here.

And Zcash has spent years fighting regulation and delisting barriers and won.

Quantum resistant design has long been on the radar and has had the way paved for. There is a concrete proposal on the roadmap. It's not something Bitcoin can just "fix in a year". Even if Bitcoin "got its shit together", already implausible given the history of governance, it would be a major undertaking.

You will be blindzided because your threat model doesn't account for something like Zcash.

[DGMD.6529 @DGMD22]

I don't think any other crypto asset can ever be a 'digital gold' SoV except BTC. If BTC fails at this there won't be another one. A narrative of something else being 'better' because of tech features is a temporary thing, because there will always be a new better as the tech advances.

Sure, something like zcash can run on its current narratives of privacy and quantum resistance, I'm not saying the top is in. But I don't think it has any case to be a long term SoV asset. What happens when Bitcoin suddenly gets it's shit together and upgrades to post-quantum next year? It instantly gets the market share back... that's what happens. And privacy is not necessary for a SoV and also has no moat, there will be many chains, many coins, that offer private transaction solutions (Near, Railgun, Monero and others already do).

zcash feels like kaspa, bitcoin cash, etc. etc. all over again with the hot narrative buzzwords of today.

It is possible to have other SoV's in crypto, but for other reasons than just existing as 'digital gold'. For example, the chain the secures the majority of the world's assets could be an SoV (Could be Eth in the future? or could be something else).

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@sebp888 What's the Monero plan to deal with the current AI-driven exploit and patch arms race?

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@user58158147 @Senpai_Gideon Single phase. But yeah you need the same panel as having a clothes dryer, like with Bitcoin.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@VitalMusings You seriously don't see the gaping flaw in your logic? I don't know what to tell you.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@zodl_co Fucking heroes.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@VitalMusings It's inevitable because Monero isn't as secure as Zcash on first principles.

If you follow the behaviour instead of the math, you're the blind led by the blind. Why not just cut to the logic instead of guessing based on demonstrably unreliable social proof?

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@VitalMusings https://t.co/uegiMmU60m

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@maxdesalle Criminal adoption is evidence of perceived utility, nothing more. How is this not patently obvious?

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@VitalMusings That's a ridiculous argument. How are you not embarrassed to fall for it?

https://t.co/nsl2T6GXSs

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@DouglasTuman @TheDesertLynx @tushar_jain The very simple counterpoint to this is that until a couple years ago DNM was vast majority Bitcoin. Does that make Bitcoin private? No. It means DNM users don't know what they're doing.

Claiming DNM use proves anything about privacy in practice is silly.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@Aripud I wrote this myself.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@in4crypto

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

This is what winning looks like.

[Eli5DeFi @Eli5defi]

https://t.co/YrgvTU91hR

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@Suhari007 @mert I'll take that bet.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@CryptoHe4dlines @TaikiMaeda2 Cry harder.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@deepcandles Swapping power has tremendous implications.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@PelicanInvasion @usefulbanana1 @hedge__x Zcash works differently than people coming from Monero assume and so it's often really hard to get them to see why their arguments don't apply at all.

https://t.co/ye0kGHHW1y

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

You are so so close to getting it! The correct comparison to XMR is the ZEC shielded pool. If you're going to compare to the whole of ZEC, including its built in on/off ramps, then you need to compare XMR with its on/off ramps.

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@maxdesalle Criminal adoption is evidence of perceived utility, nothing more. How is this not patently obvious?

[L. Amber O'Hearn 🛡 Right here, right now @ambimorph]

@whatmonero This is not saying that Zcash intends to outsource seed recovery to the cloud. It's saying that many mainstream users may prefer recovery experiences that feel more like existing consumer technology. If demand for those experiences exists, third parties will likely provide them.