John Woods

CEO @Nillion Association
🔑 GPG/A45F8C27C80F5D4E5CE0EBD3CA8E83A64C185D8D 🔗 woods.algo

[John Woods @JohnAlanWoods]

@Zecoshi https://t.co/44g8DB34xy

[John Woods @JohnAlanWoods]

@will__mcevoy Zcash proving is probabilistic.

Jesus Christ man someone needs to take away your X access.

Better the intern posts this slop than the CIO.

[John Woods @JohnAlanWoods]

Unlike Zcash, the Monero supply is cryptographically auditable.

https://t.co/sHCPxHgpAK

[Wojak Satoshi @WojakSatoshi]

How @mert looks at you when you tell him the $zec supply can be infinite

[John Woods @JohnAlanWoods]

@MarcusFurrelius Easiest place to roll an app specific L2!

[John Woods @JohnAlanWoods]

https://t.co/Ye9utjJja5

[John Woods @JohnAlanWoods]

@EthosVentures Oh so it’s by design that shielded ZEC should be considered higher risk than transparent ZEC and one should not hold large amounts in it?

[John Woods @JohnAlanWoods]

There's little tech explanation on this Zcash vulnerability, very serious stuff

A soundness bug in their zero-knowledge proof circuit + sloppiness in their elliptic curve point handling code essentially allowed unlimited forged shielded transactions

That's gotta spook vendors!

[John Woods @JohnAlanWoods]

@zayn4pf got too hot for him bro

[John Woods @JohnAlanWoods]

I can't believe Mert blocked me over this, but not this, https://t.co/rwl62aRKdL, he must really love ZEC.

[John Woods @JohnAlanWoods]

There's little tech explanation on this Zcash vulnerability, very serious stuff

A soundness bug in their zero-knowledge proof circuit + sloppiness in their elliptic curve point handling code essentially allowed unlimited forged shielded transactions

That's gotta spook vendors!

[John Woods @JohnAlanWoods]

@EthosVentures Don’t know if you’re aware of the recent bug, here’s a basic breakdown of why vendors should be thoughtful about how much shielded ZEC they hold:

[John Woods @JohnAlanWoods]

@0xz80 @ImBrentJames @zooko @ebfull @mert Essentially it’s, bad person spends lots of fake ZEC in pool for goods and services.

Receives those goods and services.

Now you have 2, 5, 10, 100… N, people with the forged ZEC, the first one to withdraw gets t-ZEC they can move to an exchange and sell. Others are fucked.

[John Woods @JohnAlanWoods]

@0xz80 @ImBrentJames @zooko @ebfull @mert Essentially it’s, bad person spends lots of fake ZEC in pool for goods and services.

Receives those goods and services.

Now you have 2, 5, 10, 100… N, people with the forged ZEC, the first one to withdraw gets t-ZEC they can move to an exchange and sell. Others are fucked.

[John Woods @JohnAlanWoods]

@EthosVentures Anyone using ZEC for its intended purpose.

People using it as private cash, in exchange for goods and services.

They should be concerned.

[John Woods @JohnAlanWoods]

See below, and note, none of this would help people defrauded by forged shielded transactions.

“Zcash’s turnstile mechanism … confirmed that the total supply remained intact throughout.”
“There is no evidence of unauthorized value creation.”
“No impact to the total ZEC supply has been detected.”
(Zcash Foundation official blog + forum summary, June 2026) https://t.co/ZgaOWWl1NV https://t.co/MhlA2K4J62

“Successful exploitation could have allowed the Orchard pool to accept invalid state transitions, potentially permitting double-spending of funds within Orchard, though with no ability to inflate the total ZEC supply, which is protected by Zcash’s turnstile mechanism.”
(Zcash Foundation) https://t.co/ZgaOWWl1NV

“Zcash’s turnstile mechanism, which tracks the total ZEC balance in each value pool (Sprout, Sapling, Orchard, transparent, and lockbox), and enforces invariants on how much value can flow between pools … protects the integrity of the 21M supply cap.”
“It provided a ground truth that ecosystem participants could use to confirm the supply cap remained intact.”
(Zcash Foundation) https://t.co/ZgaOWWl1NV https://t.co/MhlA2K4J62

[John Woods @JohnAlanWoods]

@ebfull @oodegen You did a great job sorting it out.

[John Woods @JohnAlanWoods]

@ImBrentJames @zooko @ebfull @mert Do you know what paraphrased means?

[John Woods @JohnAlanWoods]

@ImBrentJames @zooko @ebfull @mert Their response is largely paraphrased as “don’t worry shielded ZEC can’t be sold on exchanges and isn’t really used by vendors”.

[John Woods @JohnAlanWoods]

@DevJake20 Orchard stalled but the network didn't go down, it was forked a couple of times though.

[John Woods @JohnAlanWoods]

@oodegen yep, I mean the fact one could just swap in any arbitrary curve point other than the generator is outrageously messy.

[John Woods @JohnAlanWoods]

🔥🔥🔥 full progress report incoming shortly…