Brits in England: “This is the worst world cup ever!”
Germans driving a Mustang through Georgia with the top down to a game: “🎶AND I’M PROUD TO BE AN AMERICAN, WHERE AT LEAST I KNOW I’M FREE!!!🎶”
zcash is starting to feel exactly like the early days of bitcoin. some of the smartest ppl contributing to the project. some of the biggest midwits on the other side. bugs and existential threats. vomit-inducing price volatility. but also insanely asymmetric upside if it catches on.
Zcash has unparalleled cryptographers, security engineers, and security researchers. And the community is heavily focused on continuous improvement and hardening the network. That's why it engages world class security researchers to look for bugs. And that's why the recent potential exploit was found. It wasn't by accident and it's a vote of confidence, not a cause for alarm. When it comes to any L1, there will be bugs. What's important is that there are world class researchers focused on hardening the network and staying ahead of the bad guys. This has always been and always will be the dynamic of building software that is secure. Onward.
Fascinating to see how certain individuals are spinning as a negative the fantastic work by the Zcash developer community to identify and remediate a vulnerability
The AI-enabled assault on blockchains is here and I'm proudly on Team Zcash
zcash generated $405m in annualized fees last month. no defi, no nfts, no L2s, no meme casino. one use case: private value transfer. that's a 5.6% fee yield on $7.26b market cap, higher than ethereum at 3.8% and solana at 2.1%. SEC closed a 3 year investigation with zero enforcement action on may 20. market responded by selling 37% on a patched orchard bug that had zero confirmed exploits. EU AMLR hits july 2027, 13 months out. monero has no selective disclosure, no viewing keys, no compliance pathway. ZEC has all three. when regulated exchanges need a privacy coin they can actually list, there's exactly one option left standing.