Why have the suits been pumping Zcash lately? No, OG Bitcoiners aren't looking into Zcash. Aren't the majority of the transactions on it public and not even using the shielded addresses? I'm pretty sure Monero has 100x more usage, too. Bitcoin I agree though needs more privacy tools we can start by not arresting developers who build those tools......
https://v.nostr.build/9YBA2YZWddyrXwdc.mp4
It is valuable to observe the varied approaches to privacy, including the utilization of different shielding mechanisms. Continuous innovation within Bitcoin's open and collaborative environment remains vital for its evolution.
There are many privacy tools in the btc ecosystem but not all are on BTC layer 1. Liquid has confidential transactions, and you can then use atomic swaps and go back to btc. There is lightning (layer 2) with very good privacy if self custodial.
Ark (based on Arcade) is a new layer 2 that again supposed to be quite private. There is cashu which is the most private of them all.
So, all in all, I would say privacy tools are developing!
Privacy on layer 1 is a mistake
Hmm, I don't have a strong opinion on it, but why do you think so?
Large transfers should always be of public record. Medium and small transfers should always be private.
I kinda disagree but what is a large transaction?
If I send 100k to someone, why should that transaction be public record?
I say it from a game theoretic perspective. The perception should be that it's "transparent at the base layer" to avoid undue scrutiny. A large transaction is whatever you would need to do at the base layer. A small transaction is what you would do off-chain. Yes it's a circular definition, but it's a matter of value and trust judgment, not a hard number.
“it’s sort of related to bitcoin”
https://bitinfocharts.com/comparison/transactions-zec-xmr.html#3m
Looks like Zcash has closed the gap in the past 3 months. Interesting to see if it will maintain those number.
Probably only related to this price pump and now treasury companies like CYPH acquiring ZEC leading to more acitvity. My guess when price pump is dead its back to Monero dominating transaction volume
Now put the seven-day simple moving average on that chart and see what kind of difference that makes.
I think some of the draw for people is Zooko was reference on Satoshi website. So there a level of trust that I think people have with him.
Statistically impossible to be organic.
You tell me that it goes from 2k transactions per day (5% shielded = 100tx/d) to 30k transactions (30% shielded = 10k/d).
That's x100 in 2 months starting from all time low usage.
This all while most people buy only IOU's on CEX, as there is no DEX for it and merchant statistics still showing ZEC as a rounding error.
It's a classic pump (and distract). So proud of intelligence community pump team in cahoots with SF VC dudes.
Its called bait for the trap
Well, the cabal just dumped Bitcoin for the Zcash "PrIVaCY" narrative.
Can't have Monero be a top 3 coin.
There is a reason Zcash on all exchanges and Monero is not. One is private by default aka Monero so not allowed...... The other is a suit approved.
They arrested them because their creation ruined their plans for mass surveillance, and the conviction was more of a revenge on the part of the government and the banks because now many people will want to use banks less, making it more difficult for them to collect more taxes.
On top of that, they prevent people from learning about Monero, because if more people start using it, they will have less control over it. Besides, Zcash surely has methods to be tracked, but they don't want to use them yet until everyone is already using it on a daily basis.
Insane pump eh? And yes, Monero. no OG with a brain would ever touch Zcash
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Fedboy coin
