Zcash just give opportunity for make all us be very good wealth.
I see zcash price crash. So much people be panic: "Oh Wei Wu. Orchard pool be exploit. Infinite zcash be print. Life be over. Blah. blah. Blah".
My friend, your IQ so low not understand this world number 1 Zec opportunity. stop cry. This why in America english, everyone say you a vagina. Relax. Everything be fine. I explain use Nash Equilibrium game theory high IQ material for make you behave less vagina.
Zcash orchard pool possess error for last 4 year allow hacker make infinite zec.
Look first picture
> I be hacker (Rational Player 1)
> I say "okay. Im now able make infinite zcash:native . What my strategy for maximize my cash?"
> 1. Cooperate: I sell slow. I hold token. Sell only when price go up. Not cause alarm. Make money slowly.
> 2. Defect: I make infinite token number then sell all token most fast.
> BUT PROBLEM! If im cooperate and not sell most fast, what if another Rational player 2 also find exploit. He sell fast. then price drop most fast and im not able make any money!
> what be my optimum strategy for make optimum money? I make infinite zcash and put in shielded pool. THEN I SELL SO FAST ZCASH PRICE DUMP TO 0.000001 YUAN.
Now go look second picture.
> shielded pool number keep go up
> price for zcash until vulnerability be discovered also keep go up
> How this 2 fact be possible if someone use vulnerability for make zcash?
> answer: NOT POSSIBLE
My friend, now you stop behave like america vagina. Stop be cry. Be appreciate. This most wonderful opportunity for be prosperity because market so stupid sell so much make price be too low. We all soon make our ancestor look down nod head up and down be most proud because we create much prosperity for ancestor bloodline so now our own descendent be so prosperity too.
NOW DO YOU UNDERSTAND?
@KILL4UWU@fodacyjosh@0x_Colt Sure but since last year weβve had billions in volume daily while shielded continued to climb.
Opus 4.8 was released on May 28 and Zcash found the bug on May 29. Previous ai were not able to find the bug.
Im not saying your theory is impossible, just highly unlikely.
- The bug remained hidden for years despite multiple audit rounds by world class cryptographers
- Opus 4.8 released on May 28 and @DefuseSec caught the bug on May 29. Previous iterations did not catch the bug.
- Shielded pool and price trended upwards the entire time
- Some say a smart attacker wouldβve drained slowly, I disagree since they wouldnβt know when someone else might find and exploit before them
Based on above facts I estimate that the chance of an actual exploit having occurred is less than 1%.
The upcoming new, formally verified pool will be another huge upgrade and reassurance.
Iβm bidding more spot zcash:native here.
@yolofartz I donβt agree with the game theory takes, a smart attacker wouldβve cashed out more in size as they wouldnβt know when someone else would find and exploit the bug too
Letβs say someone discovered a way to mint zcash before the bug was fixed.
How do you reconcile that with the fact that:
1) zcash price went up only
2) orchard pool % went up only
@KILL4UWU@fodacyjosh@0x_Colt Actually game theory would suggest the attacker would dump all at once especially since they donβt know when another person will find the bug
To provide context, this was found after running what must sum up to at least a continuous month or two of different agent-based auditing strategies against the codebases. That gives me some confidence that the window of AI-discoverability began with 4.8's release, but I'd like to do a more scientific analysis.
@QuintenFrancois Hey man I remember your videos in 2017/18 so Iβm disappointed on this take
If you hate privacy coins why are you in crypto for so long?
@mert Fud is positive according to the concept of anti fragility by @nntaleb
All publicity, even negative is beneficial as it signals interest and helps it spread
Bugs are also stress tests which make Zcash more robust long term
@Credib1eGuy When the uncertainty is gone with formal verification the opportunity will be gone also.
Profit comes from being right in the face of uncertainty.
@cryptomanran The next patch will verify that the bug was not exploited
And with upcoming formal verification of all new pools , bugs will be a thing of the past
Study Anti fragility
@0xSisyphus Yeah someone was minting and selling thatβs why the shielded pool supply kept climbing
Life is simple donβt post something youβve got no clue about
Devs are actively building a formally verified shielded pool. Migrating to it would lock in the 21 million ZEC supply cap and provide cryptographic assurance that this bug was never exploited.