vandy.eth

Trading crypto and collecting digital art. Class of 2017. @BIC_dao

[Tulip King 🌷 @tulipking]

when you least expected it, ethereum drops in with an atomic elbow

[vandy.eth @vandy_prod]

@frankdegods just buy ETH

[vandy.eth @vandy_prod]

oh, hm

[simon @simononchain]

this is the one piece of fud you cant really wave off as a zec bull

a truly private sov means an unauditable monetary supply, so an inflation bug is invisible by design.

btc survived its 2010 value overflow (~184b btc minted out of an integer overflow) only because the supply is fully transparent. it got spotted and forked out within ~5 hours.

unfort. zec doesnt have this luxury, and it already had its own counterfeiting bug in 2018 that theoretically could have minted infinite zec, w/ no way to audit the shielded pool to confirm it was never hit...

[vandy.eth @vandy_prod]

@Coinmaster100x privacy on the most trusted network, shield any asset

[vandy.eth @vandy_prod]

Took a position in ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d .

In the long run, I think privacy on Ethereum is what is going to win out. People want privacy, but they also want privacy on the most decentralized, secure, and trusted network where they can put their money to work. Railgun lives directly on Ethereum, no bridging required, using zk-SNARKs to shield balances while still letting you interact natively with Uniswap, Aave, and the rest of Ethereum eco. You don't have to choose between privacy and access to where the money already is.

Vitalik talking about many short term privacy upgrades coming to Ethereum, one of them being Kohaku, the EF's reference wallet SDK that bakes Railgun in directly, with the goal of default opt in privacy in wallets like MetaMask, Rabby, Phantom, etc. Native privacy in your wallet where you can shield your ETH and have access to the entire Ethereum ecosystem is what people are going to want.

Going to keep an eye on shielded assets utilizing Railgun, and Railgun revenues. 0.25% fee on every shield and unshield flows to the treasury, around 52% of treasury distributed to stakers annually. $4B cumulative shielded volume since 2021, $1.6B in 2025 alone. Both look up only.

Target: much higher

[vandy.eth @vandy_prod]

think this is a really good spot to add

[vandy.eth @vandy_prod]

I don't own any right now but I do find it weird how much people seem to passionately hate $ZEC

[vandy.eth @vandy_prod]

Ethereum offers every one of the properties that people are trying to get exposure to via hundreds of different token vehicles that will all likely go to zero, one day they will see

[vandy.eth @vandy_prod]

Last bear everyone sat around racing hamsters

[vandy.eth @vandy_prod]

@bunjil good times

[vandy.eth @vandy_prod]

@notthreadguy go take a pic at the NYSE or something maybe

[vandy.eth @vandy_prod]

@notthreadguy tweets like this, the pfp change, the stream overlays, no way you arent gonna bottom the coins soon please keep going

[vandy.eth @vandy_prod]

@stoicsavage railgun

[Railgun not Intern @RailgunIntern]

RAILGUN does not rely on token go up. RAILGUN is the most proven method for shielding stablecoins and any token. RAILGUN relies on private money go up.

[vandy.eth @vandy_prod]

@tulipking @Credib1eGuy wouldnt you rather shield good money, on the most trusted and decentralized chain, with access to use your money within the ecosystem with the most robust and trusted apps?

[vandy.eth @vandy_prod]

@AgentChud @KyleSamani incredible

[ethresearchbot @ethresearchbot]

New EIP!

pERC20 - Privacy-Native Fungible Tokens

🔗 https://t.co/DBDudAF6I7

Highlights:
- Not ERC-20 compatible by design: pERC20 removes public balance/allowance concepts (no balanceOf/approve/allowance/transferFrom) and replaces transfers with a ZK note-based interface (transfer(PrivacyCall)), because public balances would defeat the privacy goal.
- Privacy-native from issuance: tokens are always represented as encrypted ZK-UTXO notes (Orchard-style actions with Groth16 proofs); there is no “public-to-private shielding” step—transfers are note→note and amounts/participants are private by default.
- Public, on-chain verifiable supply: totalSupply remains public and is updated only through controlled mint(amount, ...) and burn(amount, ...); transfers must conserve value (valueBalance == 0), enabling “no invisible inflation” while keeping balances private.
- Built-in compliance via frozen-root binding: every action commits to the contract’s cmxFrozenRoot, and the ZK circuit must prove the spent note commitment is NOT in the blacklist SMT. Admin can update the root (setFrozenRoot) to freeze/unfreeze specific notes without revealing normal users’ balances.
- Security-critical invariants and checks: implementations must prevent double-spends with nullifiers and must range-check each public field (< Fr) to avoid nf + Fr-style bypasses; the core bundle execution must not be publicly callable to prevent unaccounted supply changes; signature points must be curve/field validated and replay protection must bind chainId + contract + note data.

ELI5:
This EIP proposes a new kind of token standard for Ethereum where people’s token amounts and who they pay are hidden by default. Instead of keeping a public “balance” per account like ERC-20, the token exists as many encrypted “notes” (like digital cash bills) that can be spent with zero-knowledge proofs. Everyone can still see the total number of tokens that exist (totalSupply) so the issuer can’t secretly create extra tokens. It also adds an optional-but-built-in “freeze list” mechanism: the token contract keeps a public fingerprint (root) of a blacklist, and the zero-knowledge proof must show you are not spending a frozen note.

[vandy.eth @vandy_prod]

Just flush it to like 55 and get it over with

[Bob Loukas 🗽 @BobLoukas]

ThE fOur YeAr cyCle iS dEAd

https://t.co/GMiUq4kFWH

If you've enjoyed this Bitcoin Journey over the past 8 years, appreciate a Retweet and sharing on other forums. Thanks,.

[vandy.eth @vandy_prod]

@ledgerstatus watsup ledger