m4tti.eth

Full-time Dad, Part-time Trader. All-time AI.
Magic Internet Money Enjoyer.
Gratitude Maximalist.
X Account as old as time.

[m4tti.eth @onemorematti]

@cemhah super dope

[m4tti.eth @onemorematti]

@vizorwallet Haha good take

[m4tti.eth @onemorematti]

@RoundtableSpace I did

[m4tti.eth @onemorematti]

@stackhodler Hahah true story

[m4tti.eth @onemorematti]

@ryandcrypto Yes, and I’m really starting to feel retarded

[m4tti.eth @onemorematti]

to be fair, one also has to say that the whole thing unfolded within, I don’t know, not even 48 hours?
Considering the circumstances I actually thought the communication was pretty good: calm, transparent, and solution-oriented.

I still believe in ZEC though, so maybe I’m a bit biased

[m4tti.eth @onemorematti]

@AlexAuroraDev Interesting!

[m4tti.eth @onemorematti]

@ika_xbt @CryptoHayes 110%

[m4tti.eth @onemorematti]

Why I don’t think zcash:native will become the new Luna.

- similar supply issues like btc back in the days. (patched & solved)

- absolute legit and transparent team

- valid use case, innovative tech

Honestly, I don’t get all the fud. So much vaporware in crypto but this isn’t it.

[Haseeb ＞|＜ @hosseeb]

There's a lot of confusion about the recently patched Zcash bug. Here's how to actually understand it.

If the bug had been exploited before the patch (very unlikely it was), it would have looked like the shielded pool getting drained. Whoever minted the counterfeit shielded ZEC would want to sell fast, before anyone else found the same bug. And remember, the market for ZEC is almost entirely transparent ZEC, not shielded. You can't dump freshly minted shielded ZEC on Binance or Coinbase without unshielding it first.

The losers in that scenario are shielded holders who sit still. The transparent portion of Zcash is fully visible, so it's trivial to enforce that transparent ZEC never exceeds max supply. If you try to unshield more than the cap, you'll get stopped at the door.

So if you hold transparent ZEC (anyone trading, on an exchange, or doing price discovery on ZEC) there's no marginal effect on you. The loss falls entirely on shielded holders.

The team's next step is a new turnstile and a fresh shielded pool in the coming upgrade, which will confirm the shielded pool was not inflated. Think of it as taking headcount at the end of the field trip--that will make sure no extra kids snuck onto the bus.

But while AI found this bug, AI will also deliver the fix for the whole category: formal verification. I'm very bullish on this as the path to harden all software across the industry. Formally verified cryptography can't have implementation bugs by construction.

Right now AI is surfacing vulnerabilities across all our software--browsers, OSes, and blockchains are no exception. We're in the awkward adolescence where every wart is getting magnified and put on full display. But formally verified software is the only path forward for mission-critical software, and Zcash has put it front and center on their roadmap to deliver.

Privacy is too important not to.

(Dragonfly holds $ZEC and continues to. I'm personally an investor in ZODL.)

[m4tti.eth @onemorematti]

@beaniemaxi dude, get a life and stop fudding

[m4tti.eth @onemorematti]

@icobeast it will probably become the new luna.🙈but since i have a big bag I hope $zec will recover from that…

[m4tti.eth @onemorematti]

@ThePumponomics still congrats on the win. even if you left a lot on the table, a $1M win is still pretty awesome

[m4tti.eth @onemorematti]

@ThePumponomics don't you think $zec will or can recover from this?

[fiskantes ⭐️🩸 @Fiskantes]

The potential ZEC exploit was quite serious but similar vulnerability was hotfixed on BTC too few years back

[m4tti.eth @onemorematti]

@TaikiMaeda2 hahah wow

[m4tti.eth @onemorematti]

@aleabitoreddit congrats! well deserved

[m4tti.eth @onemorematti]

sometimes when I have a bright moment, I ask myself why am I still holding $eth?

[m4tti.eth @onemorematti]

@cemhah very cool. would love to get one for myself

[m4tti.eth @onemorematti]

@cemhah Really cool