🔥 CZ: BITCOIN SHOULD FREEZE SATOSHI'S COINS IF THEY DON'T MOVE WITHIN A YEAR
CZ suggests the Bitcoin community should give Satoshi a 12-month window to move his coins before a quantum upgrade, and freeze them permanently if they don't move.
"On the new protocol, there will be like only 20 million coins because we're just going to lock them."
He warned that doing nothing means "we're basically giving to somebody who's going to hack it" once quantum computing catches up.
Did Zcash go down yesterday?
Zcash is a privacy-focused cryptocurrency that lets users shield transactions from public view. On Wednesday, several block explorers showed no new ZEC blocks for hours, sparking claims that the network was down.
Our research team investigated what happened. Check it out below:
Arthur Hayes Abandoned ZEC After Exploit Concerns
Arthur Hayes (@CryptoHayes) says he has sold his entire $ZEC position following concerns linked to the Orchard Pool exploit.
Hayes said the issue challenged his investment thesis around privacy focused assets.
While he believes unauthorized minting remains unlikely, he said the inability to formally rule it out forced him to exit the trade.
He added that they will keep evaluating the situation and may repurchase the asset if his concerns turn out to be unfounded, ideally at a cheaper valuation.
Lmao $ZEC ?
I warned you guys when #ZEC was at $680 that Garrett was just collaborating with market makers to trick traders into opening long positions.
After many traders were fooled and opened long positions in ZEC, it crashed sharply.
Currently, ZEC has dropped 43% since I warned you
🚨 ZCASH IS THE BIGGEST LOSER IN THIS CRASH
$ZEC is leading the crypto crash, down 33% this week and 19% in the last 24 hours.
It’s now trading around $360, down over 50% from its November high.
A trader thinks that the prices of eggs are going to increase, and so he contacts his broker and asks him to buy 1,000,000 egg futures at $1.70
Sure enough, a week later, the price of egg futures is $2.50, and the trader, happy to ride his winners, places an order for 3,000,000 more egg futures
Next month, at $4.30 a piece, he pats himself on the back and restructures his liquid investments to buy another 10,000,000 egg futures
At the end of the quarter, egg futures are trading at $7, and the trader finally calls up his broker and tells him to sell them all
The broker replies: “To who? You’re the egg man!”