Why I changed my mind on t-addresses in Zcash

Why I changed my mind on t-addresses in Zcash

In Zcash there are two kind of addresses: transparent addresses (or t-addresses) and shielded addresses (or z-addresses).

#Zcash

How are you going to spend your crypto if you don't have access to banking and a credit card? And a way to get the crypto there. That's the important question in case of massive number go up. Everything else just means you are shit rich on paper.

By accident I ended up on the phone in Switzerland today with a fellow German from the same region where I grew up. Just your average Joe, telling me the same story: It's going downhill in Germany, no job opportunities, worse security, grim outlook. He left over 10 years ago and already became Swiss. Quote: "Switzerland is still like Germany during the times of the Deutsche Mark." I agree, I just hope Switzerland will never join the EU. The only people he knows from his hometown who stayed are the ones who inherited real estate or have secure state jobs. There is a quiet exodus of the productive people going on, it will be almost impossible to reverse course in the future. Good luck Germany 👋

When you are investing in altcoins, then BTC is the benchmark. When you are investing in ZEC, then XMR is the benchmark. So from an investment perspective, for ZEC to be worthwhile, it has to beat both BTC and XMR. I'm curious how that will develop over the coming years.

CBDCs are great. They'll sell the normies on the product category. Selling them a better product in the same category afterwards will be easy. "Hey, you want that, but without transaction fees, arbitrary account freezing, and full privacy?"

Are we going to separate money and state with the state being able to watch every transaction?

Instead of the government taking my money and putting it into a Bitcoin reserve, I would rather keep my money and put it into my own Bitcoin reserve. Thank you very much.

The future will not be transparent.

I'm so back.

Running Zashi 😎 u1gj0fgsp3hxj0z8z6jjtqqygk0pxdh06dkga8kheeywpqxsgy965usv67wkj93gmw3hgzcdxse8r0x98v3x5c4laxmk2exlc54eeg9dp8ru2ppxy969gnah3c79tgjqxhsjuke9qcxdnjkqrpplswef4h9we4p24ktpvskngmgqh9qnyj

Become ungovernable.

Ever handed in a CV in order to open a bank account? What's next? Nudes?

KYC & AML is a threat to public safety.

Exchanges will not be running out of Bitcoin, ever. If the price raises and supply on exchanges shrinks it will motivate old hodlers to sell, thereby increasing supply again. Don't fall for the engagement farming, there is no such thing as diamond hands.

There will be a tsunami of liquidity. Allocate accordingly.

"It is the obsessive technological drive to eliminate all flaws that risks producing an excess of them — even in terms of the body’s mechanical function."

2025 – Sexuality and Love in the Era of A. I.

Some time ago, I read a newspaper article about reproduction through sperm donation.

It doesn't matter if a service is decentralized or centralized. It doesn't matter if you self-custody or use a custodian. Until it does. And then it's too late to change course.

Most discussions around billionaires boil down to two things: Some people just hate rich people, no matter what value they created for society. Others just look up to rich people as role models, no matter what psychopaths they are. It makes no sense to argue with emotions.

Why should you use a stateful hardware wallet? A hardware (HW) wallet drastically reduces the attack surface. By contrast, a computer can be hacked much more easily, allowing an attacker to steal your key material. Whenever you sign anything with a HW wallet, always verify the destination address, amount, and fee on the wallet’s own display, because a compromised computer may show you something different from what you are actually signing. A stateful HW wallet lets you keep the key material (the seed phrase) in a more secure location than your computer. Ideally, it should contain a secure element that makes extracting the key material significantly harder, though you should still assume it could eventually be broken. If you use a stateless device such as the SeedSigner or Jade (in stateless mode), you must carry the key material with you. This makes it far easier to steal or, even worse, to copy without your knowledge.

We are already living in a financial dystopia, it's just not evenly distributed yet.