this is why zcash never made sense, best to move privacy tech to L2s. Lightning is ok at this, not perfect, but decent.
Discussion
Wonder if you create a privacy chain from the ground up that would automatically self-audit. Use ZK to count up all the balances without revealing them outside of the sum total.
Shitcoins are not the answer
Discounting everything that falls outside your narrowly defined boundaries without even studying & understanding why people far smarter than either of us bothered creating the 'shitcoin' is not the answer.
I am technical, and I spent plenty of time looking into 2015-17 era “alt”-coins. They’re all junk, and these days the sales pitches and promises are 100x lazier than in those days.
I am not an expert in every “Bitcoin 2.0” but I have looked at enough of them in detail to have an opinion. Their only value is in the casino
Do it on a sidechain then!!
> Use ZK to count up all the balances without revealing them outside of the sum total
that's how UTXOs already work in privacy coins: pedersen commitments + bulletproofs are used to self-audit every balance without revealing them outside of the sum total https://www.moneroinflation.com/amounts_confidential_tx
Learn Monero.
zcash would be better off as a shielded sidechain from the start since if they kept their dev-tax they would be paid in sats as fee