zec exists due to Zcash chain and I think it's too expensive to run Zcash for that token (zec) with these properties. You can or should be able to create a privacy token on Solana and that would be one more use case for the same chain, thus not depending if privacy sov has pmf in this moment, tomorrow or never. It's a very small niche and also I don't see how their chain will pay for its long term existence. In the end all chains have to be self-sustainable or they will die, slower or faster, depending on the value accrual of their token. Economics do matter a lot, it's the heart of every chain.
I would never put a dime into a copy-paste Bitcoin clone that simply adds privacy features and calls itself a privacy sov. Not to mention this recent bug, which seriously calls into question its sov properties that are being shilled by people holding heavy bags.
You ain’t serious. It very much matters if the dude fugazi everyone with no1 validator by what, by stake?! then to dump SOL by no1 validator into garbage fugazi ZEC. Privacy should be a feature on each chain. There is no need for a dedicated chain to have privacy, way too expensive. There is no argument for pumping ZEC day and night than just pumping own bags and maybe to hide funds from governments which is also incredibly retarded. What is also hilarious, dude moved to Dubai to avoid taxes and preaching everyone about privacy from there, it can’t get more unserious than that. 🤡
@ShardiB2 Stocks were just like crypto, super obvious because people treated them like that, yolo at every garbage, news or because someone said so. Fundamentals had low prio just like crypto, well expected result. Still too high, lower and more pain.
I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday.
TLDR:
- Higher energy prices due to Iran war and inventory restocking
- 3 Mega AI IPOs between now and early Q3
- Prediction that Trump goes anti-AI to win mid-terms for Republicans
- I think highs in mrkts will happen btw now and September
- Time to take profit, and two-step in beefa without worrying about my positions
@MuseoDLInternet@Fai5alAld0sar1@sayinshallah His behavior lately and publicly hyping other companies left & right lost him a lot of credibility for me, especially that he’s aware about the market and the current yolo of the people. At best it’s irresponsible, at best.
ZEC is absolute no go. Privacy should be a feature on every chain. For me is pointless to have a dedicated chain just for privacy. It should be available on Solana, Ethereum, Near, Sui, even Bitcoin. To run a chain just for privacy it’s way too expensive and a waste of resources, I don’t buy the narrative. Not to say that it was promoted by dudes moving to Dubai to avoid taxes and promoting exactly that privacy it’s important while moving and staying in Dubai - it really can’t get more unserious than that.
HYPE - great tokenomics in a way that the token has direct and good value accrual but otherwise is very far from initial crypto values. It’s at best a redundant centralized system. Don’t see the purpose of a blockchain other than the ease of accounting. I would never hold any significant value on something highly unregulated and centralized - worse of both worlds.
NEAR - don’t know the latest tech state but it’s hard for me to believe they can compete with Solana.
Having said this, I would rather have a chain covering as many as possible use cases. That way the expensive cost of a decentralized system would be covered and make sense long term. Otherwise it’s just a short/midterm speculation fugazi based on narrative and dudes on internet promoting it.