Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach end and our individual freedoms and self-sovereignty begin. As our lives have moved online, privacy’s become a rare, vanishing commodity.
That’s why we founded Cypherpunk (@cypherpunktech) — a company dedicated to privacy and self-sovereignty. We will execute on our mission by accumulating, building, and supporting privacy-protecting assets and technologies at a time when the world needs them more than ever.
To that end, Cypherpunk — Ticker: $LPTX (today), $CYPH (tomorrow) — was launched with a $50 million+ investment from @winklevosscap to begin accumulating Zcash ($ZEC) at what we believe to be a significant discount to Zcash’s true long-term value. Cypherpunk currently holds 203,775 ZEC purchased at an average price of ~$245 per coin, representing ~1.25% of the current ZEC supply. We plan to continue accumulating ZEC rapidly so that Cypherpunk owns at least 5% of the total ZEC supply.
Since Zcash’s launch 9 years ago, we’ve observed its highly symbiotic relationship with bitcoin. Zcash is a fork of Bitcoin and shares identical tokenomics — both have a fixed total supply of 21 million coins. If bitcoin is digital gold, Zcash is encrypted bitcoin, or digital cash. One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC.
We feel strongly that Zcash could become a meaningful percentage of Bitcoin’s market capitalization — just on the merits of it being a privacy hedge or insurance policy to Bitcoin’s transparency alone. We believe bitcoin will continue to ascend to $1,000,000 per coin over the next 5-10 years. We also believe Zcash will appreciate significantly from here as well. These coins go hand in hand.
Over the next few weeks, we’ll continue to lay out our thesis. In the meantime, we’re excited to have you join us as we stack zats and invest in other technologies that promote privacy and self-sovereignty. Let us proceed together apace.
Onward.
ZCG is done.
00:00 Intro
01:09 Replacing ZCG with markets
02:20 Committees don’t work
03:10 Grantees elect the committee that funds them
04:28 ZCAP is illegitimate
06:28 ZCG has already 20 years of runway
08:43 No compromises
09:00 ZSAs
10:59 Two paths for ZCG
11:29 The proposal
12:25 Takeaway
It's time to turn off the ZCG funding stream.
ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding.
Draft ZIP:
https://t.co/GAkRBeplwO
.@cameron and @tyler on Cypherpunk:
"The goal is to support the cypherpunk ethos and invest in privacy technologies. It started by buying Zcash, but now we're mining"
"We want to foster privacy-promoting technologies. Technologies that promote the First Amendment, the Second Amendment, the Fourth Amendment. American values"
"It starts with Zcash. But really, anything privacy"
@will__mcevoy on AI and Zcash:
"AI is becoming much more ingrained into society. It's a super competent analysis engine for information"
"In a world where you have AI, you also need the flip side. You need privacy"
"AI and privacy are really like yin and yang."
The communists want to destroy election integrity by legalizing voter fraud. Vote ‘Yes’ on Prop 39 on November 3rd in order to require voters in California to present photo ID to vote. This is common sense and any other position is indefensible.
Prop 39 released a new ad today highlighting what politicians don’t want you to know: California is one of a handful of states that don’t require a photo ID to vote.
Prop 39 is a battle of politicians versus people.
Politicians want you to vote no.
The People are voting yes.
This ad is a parody, but the problem is not.
The politicians want to protect their power and money. We want to give it back to you.
Vote Yes on Prop 39.
Donate: https://t.co/Y4MzbvVzfh
Effective Immediately, all organizations using PHP for their systems are advised to be prepared for an update addressing two critical vulnerabilities. PHP is widely used for web applications. These vulnerabilities often provide a direct path to the server's file system or database. If an immediate update is not feasible, it is recommend that organizations take the system offline until it can be fully mitigated. NSA will follow up shortly with more specific guidance.
@tyler on Zcash and AI:
"I would never consider Zcash a trade. But it is the other side of the AI coin.
The more parabolic and meteoric the rise of AI, the more scarce an asset privacy is going to become."
@kingrichmo “That tradition maps more cleanly onto a preference for hard, limited-supply money than onto any particular privacy feature.”
Zcash has fixed supply of 21m. And precious metals are private like Zcash.
Stop with this AI slop.
Zcash is a technology that preserves and expands human rights. It protects your financial privacy in the age of AI — the antidote to AI-fueled surveillance and tyranny.
My first interview with @cameron and @tyler.
0:00 Intro
0:47 The 2012 thesis: digital gold
1:46 Bitcoin’s missing feature: privacy
2:28 The first internet-native money
3:15 Why they seeded Zcash in 2016
4:47 Money has always been private
5:31 The true separation of money and state
6:20 Privacy: where the state ends and you begin
7:59 AI and quantum as accelerants
9:11 Bullish AI means bullish Zcash
9:27 Bitcoin’s place in a Zcash world
10:53 Zcash in 5–10 years
11:47 AI cycles, not halving cycles
13:37 The biggest infrastructure build-out ever
14:08 Valuing Zcash as a percentage of Bitcoin
14:54 Zcash is encrypted Bitcoin
16:04 Gold is abundant in space
17:27 Why start Cypherpunk
19:05 The coming war on privacy
19:55 Flock cameras and mass surveillance
22:18 The encryption wars: Zcash is HTTPS
23:47 Wrench attacks and public blockchains
25:10 “I have nothing to hide”
27:11 Einstein at the patent office
29:14 Self-censorship in academia
29:48 Privacy forces you to engage with ideas
30:41 Outro
My first interview with @cameron and @tyler.
0:00 Intro
0:47 The 2012 thesis: digital gold
1:46 Bitcoin’s missing feature: privacy
2:28 The first internet-native money
3:15 Why they seeded Zcash in 2016
4:47 Money has always been private
5:31 The true separation of money and state
6:20 Privacy: where the state ends and you begin
7:59 AI and quantum as accelerants
9:11 Bullish AI means bullish Zcash
9:27 Bitcoin’s place in a Zcash world
10:53 Zcash in 5–10 years
11:47 AI cycles, not halving cycles
13:37 The biggest infrastructure build-out ever
14:08 Valuing Zcash as a percentage of Bitcoin
14:54 Zcash is encrypted Bitcoin
16:04 Gold is abundant in space
17:27 Why start Cypherpunk
19:05 The coming war on privacy
19:55 Flock cameras and mass surveillance
22:18 The encryption wars: Zcash is HTTPS
23:47 Wrench attacks and public blockchains
25:10 “I have nothing to hide”
27:11 Einstein at the patent office
29:14 Self-censorship in academia
29:48 Privacy forces you to engage with ideas
30:41 Outro