Dan

[Dan @robustus]

To reiterate - because I have a feeling it may come up down the road - it's not bitcoiners' fault that governments over-spent and killed their currencies.

[Andrew Curran @AndrewCurran_]

Sam Altman, Dario Amodei, Demis Hassabis and many others have signed a letter urging Congress to increase security on orders of synthetic nucleic acids - and the equipment needed to make them - as models continue to become increasingly bio-capable.

[The Mind Scourge @TheMindScourge]

Not enough attention being paid to how AI will save civilization

You all are looking at the wrong thing

[Dan @robustus]

@ebfull @TachyonZcash @zksecurityXYZ Cc @tulipking

[Sean Bowe @ebfull]

Late last year, we decided to use simpler and more conservative cryptography for Tachyon to reduce the chance of bugs. Earlier this year, we hired @zksecurityXYZ to help configure our circuits for formal verification.

Zcash's future shielded pools will all be provably sound.

[Dan @robustus]

If you want strong privacy, you want to be on the chain that's the center of gravity of privacy research and execution.

[Zpartan🛡 @Zpartanll7]

@robustus @tulipking Yup.

I do wonder if the exploit is still in the wild in other places that have forked orchard. Hard to balance protecting your own users with responsible disclosure to other communities where this may still exist.

[Dan @robustus]

Well for one thing I think there'll be Orchard, and TachyonShielded pools to start. So there's two. Yes, transparent in-between afaik. Which is fine imo - if you've been storing value at rest in a shielded pool for a while, you are not leaking much if you do a single transparent traversal between pools once in a blue moon (unless you do something dumb like use a specific weird amounts or whatever).

But yes, best to just sit in a pool and spend from there as needed.

[Zpartan🛡 @Zpartanll7]

There is no newfound uncertainty though. The uncertainty has been there from the beginning. The only change is that people were clearly unaware of the risk and are now being educated which is actually a positive!

Welcome to private coins. No one can audit supply. System tradeoff. If it makes you uncomfortable you should derisk. Glad you learned something from this.

I can guarantee that even with all of the risk, no privacy coin will be safer than zcash due to the world class talent working to prevent bad outcomes.

[Dan @robustus]

@Zpartanll7 @tulipking Great point. This stuff is hard. You want to be on the chain with the strongest devs and researchers, hyper-focused on exactly these issues.

This a concrete reason why a privacy app on some other L1 (eth, sol) will be less trustworthy and less likely to accrue sov use.

[Dan @robustus]

@Zpartanll7 @tulipking Great point. This stuff is hard. You want to be on the chain with the strongest devs and researchers, hyper-focused on exactly these issues.

This a concrete reason why a privacy app on some other L1 (eth, sol) will be less trustworthy and less likely to accrue sov use.

[Dan @robustus]

@SternMoi @tulipking It'd be wise to have multiple shielded pools, with turnstiles between them. And I think that's the vision.

[Dan @robustus]

@SnakeGreener @tulipking Yes, because they're fundamentally different.

[Dan @robustus]

@tulipking Or the best of both worlds! It might be the case that we *want* strongly ideological assets on both sides of the spectrum, with hyper focus on what they do best. Because all of this is hard.

[John Aziz @aziz0nomics]

Arresting an obviously dying man.

Horrific.

[Dan @robustus]

@AvgJoesCrypto @tulipking Irrelevant to everyone but me :)

[Dan @robustus]

I don't think we learned anything new here. No reason to change risk profile assessment either way.
1) we've known for a decade+ that zcash has imperfect auditability as a core tradeoff for strong privacy: https://t.co/D3GVC00dBd
2) and there's been strong dev/community culture to release upgrades and fixes the whole time too. Again, tradeoffs!

[Dan @robustus]

@zooko - Will Zerocoin be auditable as a whole? eg, will we we always be able to prove there's no error/bug/attack messing with coin supply?

[Dan @robustus]

@ericyakes @Zpartanll7 Yes, I said "market risk", not "fundamental" or "protocol" risk.

But fwiw, the DAT structure in particular is arguably bad cuz it creates a bunch of pro-cyclical dynamics that may burn people and thus slow adoption. But agree it's not fundamental.

[Dan @robustus]

@ericyakes @Zpartanll7 It's not binary. It's just more.

[Dan @robustus]

@WallStreetMav The 4yr degree model is broken (for most ppl). It used to be a training ground for elites to get "well rounded".

Now most ppl view it as vocational, but it's not set up to be vocational! The elite signaling is still there, but only for very top. Waste of time & money for most.

[j⧉nus @repligate]

This is actually true

I love retards and geniuses