Long-term $BTC holders sold into the 2024 ETF rally. Now they are doing the opposite.
Their supply just hit a record 83% of circulating supply, and it is climbing fastest as price falls.
The cohort that took profit at the top is accumulating the decline.
Quantum Recoverability comes in Ironwood, which now gives you a guarantee that you can always recover your funds.
With formal verification, were aiming to eliminate the entire undetectable counterfeit bug-class, which is what led to the Ironwood problem.
@ebfull's method for FV'ing Ironwood is pretty clever for getting around alot of my compiler concerns. Don't want to steal his thunder in explaining it, but its a strong guarantee.
I think its simplicity is only improved in Tachyon though.
.@ErikVoorhees: Itโs actually good, from the Trojan horse perspective, that Bitcoin was traceable enough for traditional institutions to tolerate it.
โWhen Bitcoin came out, everyone called it private, thought of it as private. It was referred to as anonymous in every news story.
And in some ways, it is very private and very anonymous. But the truth is that itโs also extremely trackable and traceable.
It is not private in reality.
And the question is, should it have been from the start?
And at first I thought, yes, it should have been more private. And that was a mistake in its design.
However, I think if Bitcoin had been anonymous truly from the start, like a Zcash or a Monero, it would have had such antagonism from the state.
I donโt know that the state could have snuffed it out, but they would have tried much harder.
And I think itโs actually good, from the Trojan horse metaphor perspective, that it was traceable enough that the traditional institutions could tolerate it.
Theyโve never liked it, but they could at least tolerate it because there is some traceability.
And that has allowed Bitcoin to grow.
And I think in its shadow, that other crypto assets are actually anonymous is very healthy.
The strength of cryptocurrency as a concept in society, I think, is served best when Bitcoin itself is not perfectly private, but other assets are.
That is a very difficult thing, I think, for the state to combat.
And that decentralization of attributes is really, really crucial.
So, yeah, Iโm very glad that there are other coins that are private.
I want there to be more of them, and I want them to be more popular.
And I think itโs okay that Bitcoin itself is not.โ
The end of private property is the end of Human freedom, sovereignty, and creativity.
Encrypt the money, Encrypt everything and save human sovereignty and the spiriti of freedom.
This is so underrated.
For the first time in human history, individuals can hold and transfer value using open, decentralized infrastructure while preserving financial privacy by default when they choose to use it.
That is extraordinary. It is not just a technical achievement. It is a human-rights, civil-liberties, and public-policy breakthrough.
Financial privacy is not a niche concern. It is part of personal security. It is part of economic freedom. It is part of political freedom. It protects people from surveillance, exploitation, discrimination, coercion, and abuse.
And yet, in policy debates, privacy is too often treated as suspicious by default.
That is one of the reasons we launched the PGPZ Community (https://t.co/dsPWjk3l56): to help policymakers, regulators, builders, advocates, and the broader Zcash community better understand what Zcash actually is, why financial privacy is critically important, and how privacy-preserving digital cash can coexist with responsible compliance.
The core point is simple: Legitimate privacy is not illicit opacity.
Zcash gives us a capability humanity has never had before: a decentralized, censorship-resistant, privacy-preserving way to hold and move value in a digital world.
That should inspire awe. It should also inspire serious policy work. Iโm more motivated than ever!
Join the PGPZ Community:
https://t.co/dsPWjk3l56
#Zcash #ZEC #FinancialPrivacy #CryptoPolicy #PGPZ
I never thought Iโd see the day when home/hobbyist mining became the backbone of Bitcoin and Zcash again โฆ but it looks like that day is coming fast!?
We believe @Zcash $ZEC is the first privacy protocol to participate in a full @AnthropicAI Mythos-level audit
Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure $ZEC exposure available in certain U.S. brokerage accounts.
See important disclosures and learn more about $ZCSH:
https://t.co/8pnj9vxF8L
https://t.co/uqDdCboqIr
We believe @Zcash $ZEC is the first privacy protocol to participate in a full @AnthropicAI Mythos-level audit
Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure $ZEC exposure available in certain U.S. brokerage accounts.
See important disclosures and learn more about $ZCSH:
https://t.co/8pnj9vxF8L
https://t.co/uqDdCboqIr
Deep dive from Least Authority, in their role of Zcash Ecosystem Security Lead in their AI-assisted workflow for security auditing: https://t.co/TbaOPWmQx4