Smol Bobs

i come out of nowhere and disappear into nothing

[Smol Bobs @smolsbobs]

can't believe it

some founders quit their eth projects to build on berachain. THIS QUARTER.

they get double rekt

[Smol Bobs @smolsbobs]

this is worth thinking about in a world where the average person thinks forward for more than the next day

I always thought of inflation as a good thing; it does not necessarily make it (behave) like a fiat currency.

[Eli Ben-Sasson | Starknet.io @EliBenSasson]

Capping the supply of Bitcoin at 21M doesn't make sense. Beacuse over time, keys will be lost. In fact, as time goes to infinity, all keys will be lost.

I strongly support a clear monetary policy with an absolute upper bound on the # of Bitcoins in the future. Say, fix a max issuance rate and you get that (a good choice is 4% a year, this is a reasonable upper bound on human population expansion).

This way, you ensure there's enough to go around.

And I'm not even talking about the security problem, looming large on the horizon.

[Smol Bobs @smolsbobs]

@DennisonBertram @0xSero vllm studio

[Smol Bobs @smolsbobs]

@Mach1nata @0xSero

[Smol Bobs @smolsbobs]

@fishPointer shields @johnpalmer

[Smol Bobs @smolsbobs]

@DennisonBertram @aaronjmars yes you are right for the initial task

but, even today, that is already becoming blurry

thinking of agents spinning up other agents into perpetuity. at some point, that initial ask becomes irrelevant. like a runaway effect

[Smol Bobs @smolsbobs]

@Brentsketit

[Smol Bobs @smolsbobs]

@Fiskantes ppl will be so angry if zis shoots up again
iz ze only investable coin

[Smol Bobs @smolsbobs]

@Fiskantes https://t.co/Y14ijJmszV

[Dan @robustus]

Bitcoin and Zcash are complements, not competitors.

Supply certainty and strong privacy are both important properties of a self-sovereign money, and you can't fully get both in a single money system.

I'll explain...

Self-sovereign money means no one can mess with your funds. It means no one can block your transactions, debase your currency, or spy on your finances and then use that information to coerce you. For a money system to credibly deliver those features, it must have the following properties:

1) Sufficient decentralization, so no practical chokepoint can block you, freeze your funds, or force arbitrary changes to the rules.

2) Full supply auditability, so you can verify from the public ledger that nobody is debasing your money.

3) Strong privacy, so your financial activity does not subject you to coercion risk.

Bitcoin provides #1 and #2, but not #3.
Zcash provides #1 and #3, but not #2.

And critically, it is (or at least seems!) fundamentally impossible to engineer a system that offers full transactional privacy while also allowing anyone to run a full transparent audit of the entire supply without trusting other people’s code to be bug free.

Think about how privacy and auditability are achieved. If a chain hides transaction amounts, external observers cannot independently check the total supply from the raw public ledger. You are forced to trust the cryptography, the system design, and the implementation. An inflation bug in a shielded system could in theory stay hidden inside the same privacy that protects users’ transaction information. This opens the door to the possibility of *undetectable* inflation bugs.

By contrast, on a transparent chain like Bitcoin, any inflation bug is visible in the raw data. Anyone with a copy of the blockchain can audit the supply without trusting the code to work precisely as devs intend it to. Thus the entire class of undetectable inflation bugs does not exist in Bitcoin.

This appears to be a fundamental structural truth: you cannot have both full privacy and full transparent supply auditability in a single money system.

Hence, Bitcoin and Zcash are complements, not fundamentally competitors. If someone wants strong financial self-sovereignty and protection against the usual attack vectors on your money - inflation and coercion - you cannot fully get both types of protection by just owning/using either BTC or ZEC.

That said, there are, of course, hybrid approaches which mitigate the attack vectors for both somewhat. Zcash has turnstile accounting, which limits the vector (magnitude and velocity) of a theoretical shielded-pool inflation bug before it is detected. And on the Bitcoin side, you can jump through some hoops to use Bitcoin in a much more private manner than is typical.

Yet the fundamental tension remains. Transparent money protects you from hidden inflation. Private money protects you from surveillance and coercion. Those are different protections, which likely cannot strongly coexist in a single money system.

(and to be clear: I’m not intending to address relative value here, nor the myriad other tradeoffs in using or holding BTC vs ZEC. The above is intended as a high-level theoretical framework for thinking about the key properties you want in self-sovereign money, and what you can and cannot reasonably expect to get from the idealized versions of assets that are natively great at one property, but not another. You can decide for yourself how much you value each property, and then what tradeoffs you may or may not be willing to make to express your view in practice.)

[Smol Bobs @smolsbobs]

@mert @_tolks monero boys 1 month ago: zec isn't private
monero boys today: the pool may be inflated, but impossible to prove

?

[Smol Bobs @smolsbobs]

@0xSammy @Tyler_Did_It ATH+364 ....

[Smol Bobs @smolsbobs]

@soupdefi dis was p hype in the 3D print community a few months ago and they perfectly executed the idea to another level

gg

[Smol Bobs @smolsbobs]

@fede_intern @ethereum whats the tldr on propamms?

[Smol Bobs @smolsbobs]

the saylor trade is fully dead
long live the zec trade

[fiskantes ⭐️🩸 @Fiskantes]

BTC back to 69k

Saylor trade is fully dead

ggwp

[Smol Bobs @smolsbobs]

@joaomendoncaaaa @AlphadrakeX @jords i know you are serious, iz simply an entirely different discussion

i like tokens with inflation, hyperliquid has inflation too. see? ur question is offtopic. why i said to check context

[Smol Bobs @smolsbobs]

@joaomendoncaaaa @AlphadrakeX @jords ser, plz, with all respecc, look at the thread context

[Smol Bobs @smolsbobs]

@joaomendoncaaaa @AlphadrakeX @jords idt increasing daily burn by 1000 SOL (from current 600/day) has any neglible impact on 60k daily inflation

[Smol Bobs @smolsbobs]

@AlphadrakeX @jords good idea tbh but still v low impact vs daily issuance

[Smol Bobs @smolsbobs]

@0xRachid code audio no noob no arnak

[Smol Bobs @smolsbobs]

@RyanSAdams have you heard of….

@chang_defi ?

[Smol Bobs @smolsbobs]

@chang_defi wat in a

personal update

kind of way?