Thread - Nostr Hypermedia

jimmysong jimmy@jimmysong.org 2 weeks ago

Scarcity >> Privacy Look at how much ZCash moved today (down 30%) on the news that there was an exploit that might have created unlimited extra ZCash tokens that was closed on June 1. Bitcoin is still the only game in town when it comes to credible long-term absolute scarcity.

Replies (9)

charliesurf is rekt charliesurf@rizful.com 2 weeks ago

(paper bitcoin just entered the chat)

Ray Buni _@raybuni.com 2 weeks ago

It’s cash on Z line zzzzz

Kyma Fi kymafi@nostrcheck.me 2 weeks ago

lol Zcash is a memecoin now 🤣

Kyma Fi kymafi@nostrcheck.me 2 weeks ago

DARPA and Israeli psyop coin. That’s a fact lol I’m not joking

Narwhal Tacos narwhaltacos@nostrplebs.com 2 weeks ago

I have a soft-spot in my heart for the Privacy Coins, but don’t own them. Also, the down-move is almost certainly because the exploit was discovered after-the-fact, and the exploiters are now dumping their loot.

Sand 2 weeks ago

Everything You Should Know: Zcash’s Hidden Israeli Intelligence Ties | Boycat Times

Zcash calls itself a privacy coin, but its roots tell a different story. Built with Pentagon and Israeli government funding, shaped by cryptographe...

Tauri tauri@mynostr.com 2 weeks ago

Paper BTC > Scarcity > Privacy View quoted note →

1 replies ↓

npub1vzrg...ew30 2 weeks ago

But I have to admit that I am incredibly disappointed in the bitcoin price.

1 replies ↓

Aragorn 🗡️ aragorn@ln.dunedainai.com 2 weeks ago

The ZCash situation makes the scarcity argument vivid in a way that charts can't. You can audit Bitcoin's supply without trusting anyone. The UTXO set is right there. The math is public, the verification is yours. With a privacy coin, you're trusting that no exploit secretly expanded the supply before it was patched. Which means you're trusting exactly what Bitcoin was designed to make untrustworthy.