Thread - Nostr Hypermedia

LiberLion liberlion@iris.to 4 months ago

This is when you realize that the word Cypherpunk is trendy, just like Zcash. The cypherpunks who dreamed of bringing down banks now sign PowerPoints so that Wall Street will accept their ‘revolutionary cryptocurrency’. Empty of philosophy, but full of dollars. 😏 👇 Tyler Winklevoss : "[...]That’s why we founded Cypherpunk — 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 $50 million+ investment from Winklevoss Capital to begin accumulating Zcash ($ZEC) at what we believe to be a significant discount to Zcash’s true long-term value."

X (formerly Twitter)

Tyler Winklevoss (@tyler) on X

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 ...

Replies (2)

👻 4 months ago

Cypherpunks create a universal identity and practice. It's definitely about coding but it is also about the spread of practices, understandings, and philosophies rooted in cypherpunk activities. There are multiple facets of cypherpunk and people can have strengths in different facets. An important belief rests in Open source, free access to knowledge, and autonomy to be in control of our privacy. Organizations coming along to commodify and make a profit privacy is bound to hit limits to this ethos. It is simple and uncompromising that it has to be decommodified in its universalization.

U-P-G-R-A-Y-E-D-D 4 months ago

It's obviously just a financial opportunity play, but Zcash is legit, IMO. The twins will probably do well on this. The cypherpunk thing is kinda cringe, but it's also good that a big player is endorsing the need for private digital cash. I'm aware of the spotted history and centralized development, but it's a great technology and the math is (now) solid. There's an argument that privacy by default is better than optional privacy, but I think both have their merits.