Smart Dumb Man

The smartest of the dumb.

[Smart Dumb Man @SmartDumbMan]

If you aren't making money in crypto right now, or you are lost as to why select coins are pumping, the reason is simple.

You are stupid.

J/k

You are just using outdated logic. Here's how you need to think about crypto right now.

1) $BTC / $ZEC = Digital Gold

2) L1's ( $ETH / $SOL / $NEAR) = Foreign Currencies

3) Apps ( $HYPE / $CARDS) = Stocks without the ownership rights and generally no value accrual.

4) Memecoins = Casino

Ok...how do I prove this?

1/

[Smart Dumb Man @SmartDumbMan]

From playtesting the new version of @ParallelColony. Graphics + NFT integration are top notch.

[Smart Dumb Man @SmartDumbMan]

@BranFrost @templecrash @0xYakumo Yeah, after playing for another day...

I can play the game without even interacting with the avatar. When I do ask it how to do stuff or assign it tasks to do, it says it doesn't know how or can't.

[Smart Dumb Man @SmartDumbMan]

@LazyGuru_ @ParallelColony Ye...I had issues with level 2 & 3, even with a recruit. Died like 8 times in a row.

After that it got easier + got the hang of it.

[Smart Dumb Man @SmartDumbMan]

If you are freaked out by the Zcash bug, just wait until AI finds a bug in Bitcoin, or quantum goes live...and the core devs spend 6 months arguing about the best path to fix it.

[Smart Dumb Man @SmartDumbMan]

@WojakSatoshi @zodl_app I just sent all my shielded ZEC to Kraken this morning.

If your point is that it doesn't remain shielded...then yes, you are correct.

Otherwise, your post makes no sense.

[Smart Dumb Man @SmartDumbMan]

TLDR on Zcash bug:

- Infinite mint bug found which has existed since '22 by a whitehat who was hired by Zcash team.

- No way to currently verify supply, until team upgrades protocol.

- After upgrade, assuming supply checks out, should be all good.

[zooko🛡🦓🦓🦓 ⓩ @zooko]

https://t.co/v7BiOdzU9E

[rose 🥀 @islarose]

>be me
>little brother passes away in 2024
>create @daremarket, built in his honor
>make a short film for it. nothing crypto has ever seen. not even close.
>launch the product
>lose friends, get kicked from group chats
>everyone tells you someone is going to die
>no one dies. people are making money
>huh. guess the idea was good after all
>alon cohen hits you up out of nowhere asking how it's going
>give pumpfun team the full update
>get ghosted
>wake up to pumpfun launching your concept. copy + paste
>word for word, just without "dare"
>no culture. zero aura. none of what made it mine. or my brother's
>everything else, identical

oh alon. you have no idea the war you just started.

bring it on.

[Smart Dumb Man @SmartDumbMan]

Another AI hack victim...this time...just price, since the exploit was proactively patched.

Zcash $ZEC down 63% peak to trough on the news.

I'm sticking with the teams that are proactively using AI to find bugs.

I bought some more for long term bags.

[mert @mert]

since this comes up every few months, a refresher:

- first, there *is* a way to prove the bug wasn't exploited, more on this below

- the fundamental tradeoff in a strict privacy pool is that if there's a bug, it could be utilized without immediate detection. this is the same for almost all privacy protocols without audit keys and with circuits

- it's similar to any other crypto bug, like defi, in that something could be exploited and moved to a different chain. there are bugs lurking all over defi, blockchains, and all software at all times. the difference is that given the privacy, it's obviously harder to detect timely

- note that this has always been the case with any of these things (and zcash isn't unique here, the other notable privacy project you're thinking of also has the risk of counterfeit bugs), so nothing is "new" except for the fact that understandably not everyone knows the technical tradeoffs

- in zcash, you have guardrails to detect this so the supply would never increase past 21M *but* the ppl in that pool would get shafted unless there's social consensus, which would admittedly be messy

- recently, the zcash core teams have been increasingly using advanced tools and hiring external security firms to audit themselves to keep improving security

- this is also why it's harder than it sounds to just add privacy to an L1 or L2 (without audit keys) because you want a high concentration of security researchers and cryptographers looking at this at all times. it's also why "dino" projects are interesting because they've survived this long.

- now with this new effort, one of these was a hit and the team immediately patched the bug they found

- you can be reasonably sure that it wasn't exploited given a number of signals, but you can't definitively prove it unless either:

i) the turnstile is triggered

ii) the wallets start pointing to a new pool to migrate (there have been 3 such migrations in the past for example) which would then prove this

luckily, there has been work on creating a new pool that's provably sound, formally verified, and quantum proof this whole time with @TachyonZcash (which is also how I first got introduced to zcash)

so once that migration is done, you will have full certainty

[Smart Dumb Man @SmartDumbMan]

@TedHZhang @NickSchmidt Old regime thinking.

https://t.co/yMd7KeY4he

[Smart Dumb Man @SmartDumbMan]

2022-2025 crypto: "The problem with crypto as an asset class is everything moves in tandem with Bitcoin."

2026 crypto: "Why are select coins going up while Bitcoin is down? It makes no sense."

[Wayfinder Foundation 🧭 @AIWayfinder]

https://t.co/oTmwDrarWq

[Smart Dumb Man @SmartDumbMan]

2022-2025 crypto: "The problem with crypto as an asset class is everything moves in tandem with Bitcoin."

2026 crypto: "Why are select coins going up while Bitcoin is down? It makes no sense."

[Smart Dumb Man @SmartDumbMan]

So, to summarize:

1) $BTC / $ZEC = Digital Gold

2) L1's = Foreign Currencies

3) Apps / Altcoins = Stocks without the ownership rights and no value accrual (except buybacks).

4) Memecoins = Casino

/End

[Smart Dumb Man @SmartDumbMan]

If you aren't making money in crypto right now, or you are lost as to why select coins are pumping, the reason is simple.

You are stupid.

J/k

You are just using outdated logic. Here's how you need to think about crypto right now.

1) $BTC / $ZEC = Digital Gold

2) L1's ( $ETH / $SOL / $NEAR) = Foreign Currencies

3) Apps ( $HYPE / $CARDS) = Stocks without the ownership rights and generally no value accrual.

4) Memecoins = Casino

Ok...how do I prove this?

1/

[Smart Dumb Man @SmartDumbMan]

A second example is $CARDS.

Collector Crypt has said multiple times that they are waiting for formal guidance and laws to pass before doing anything concrete, but they intend to give more control and ownership rights to holders.

They have tossed around the idea of buybacks also, but nothing is set in stone right now.

So, while there is currently no major value accrual to the token, that will probably change in the future, but it is still speculative.

Combine this with being in the current meta of the TCG supercycle, and the token is doing very well lately.

All while almost every other altcoin = trending to zero.

5b/