zcash is like a time machine for the entire world to buy bitcoin at sub $100 but this time it's actually freedom money

interesting

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

they won’t use bitcoin. ai agents aren’t retarded enough to use a fully transparent ledger, especially one doing only 7 tps they’ll all be using zcash doing 50k+ tps

true in 2018 and still true today

ZKDragon explains how Zcash could scale from under 10 transactions per second to 50,000 TPS, targeting Visa and Mastercard-level capacity “Let's just look at Visa and Mastercard, two credit card networks. They have about 50k TPS of capacity and use about 10k TPS on average. So today Zcash is like sub 10” “So how do we get there? Well step one, Tachyon. Tachyon converts the scaling problem, at least at the chain level from being this hard thing with how to do state growth etc. To now just being scale extensive bandwidth and your mempools” “Every transaction is going to be 2 kilobytes big. We need 50k TPS. So we need to be able to do consensus on 100 megabytes per second” “This is the same level of what Solana needs and we have to do this in pure proof of work” “We'll do things like faster block propagation and do recursive aggregation of ZKs in the mempool but we do this with the new node software Zakura”

Scaling Zcash to Visa-level throughput requires a next-generation networking stack. We're excited to share P2Pv2, which you can try out today in Zakura! zakura.com/engineering/p2pv2…

Post-quantum unlinkable swaps for Zcash with the use of one-time incoming viewing keys. Private in the present, Private in the future.

flood is the perfect example of someone who bought bitcoin early and now thinks he’s god’s gift in all things finance

Balaji explains why Zcash is finally having its moment “The technology did work 10 years ago but it took a while for the proofs to work on mobile, for example. The cryptography had to evolve” “The usability of it had to evolve. Everything had to work on mobile. Apple had to make that easier for things to work. A lot of crypto regulations had to move forward” “There were a lot of things that were both technical and social and geopolitical even and now I think it's hit its moment” “Most crypto projects, if they fail, they fail because they go too capitalist. They market it too hard and it just does the Burj Khalifa formation” “Zcash for a long time had the opposite problem of being too PhD which I see often in biotech” “Zcash almost wasn't commercial enough in some ways. It was so pure but that's good because it actually works” “People were in it for a long time for more than money and so now it is very good money”

Make your NEAR swaps post-quantum unlinkable with Zcash's current protocol. Uses a new trick that adds a kind of "diversification" but instead of for addresses, it's for viewing keys! Using the PIR tech that @adamleetucker17 et al. have been building at @ValarGroup.

i have massive bitcoiner fatigue it's impossible for a fully transparent blockchain to be freedom money in the age of super intelligence zcash is the chosen one

I have been warning of Bitcoin fatigue for many *years*, especially in my "post maximalism" essay (2018) Unfortunately, few heeded my warnings. Now, the disaster has come to pass. The fatigue is from: - bs politics - no soft fork upgrades - lying to ourselves, constantly about lightning (et all) - courting the NGU class (Saylor et al) - courting the "toxic" class whilst not having our own act together - hating on users (for example ordinals) The sad truth is: Bitcoin has, in fact, been dying the last 10 years. Not economically or technically -- but culturally. Will make a video on this ~tomorrow

At some point during our fireside at @token2049, @cameron asked the audience to raise their hands if they owned Zcash. About 10 hands went up in a room of full of thousands of people. it's early.

all of you are severely underestimating how low bitcoin will go and how high zcash will go during peak quantum hysteria

Might have to buy more ZEC

“You shouldn’t have to give up your privacy to participate in the digital economy.” Last night, government and cypherpunks came together in DC for the first Cypherpunk Policy Dinner. Paul Brigner @paulbrigner opened the evening with a call to stand with the people building privacy tools and defend everyone’s freedom to use them. Watch his opening remarks below.

are we back?

Tulip King says Zcash could become better money than Bitcoin “Zcash is trying to become money. You can put a dollar bill under your mattress, return 30 years later and despite losing purchasing power it will still be there and remain spendable.” “For a long time, Bitcoin was the only crypto asset you could buy, hold and never worry about. If Bitcoin now requires an upgrade that holders must worry about, that creates mental overhead and makes it less attractive as money.” “The core principle of money is that you can store value somewhere and leave it alone. If that property comes into question, Bitcoin has to be discounted.” “Quantum risk might not matter for another decade, but eventually it will. By then, will Bitcoin be more capable of upgrading or even more ossified and difficult to change?” “Zcash has developers and momentum today, so it should complete the upgrade now. That could make it more valuable relative to Bitcoin because Zcash is trying to become money.”

ZODLing almost 2% of all Zcash