Long: BTC, ZEC, XAU
Short: USD, EUR, CHF
Frank Braun
frankbraun@nostr.fan
npub1vmu8...hxee
Freedom | Privacy | Investing | Programming
The future is private.
Time for plan Z.
NSM in Zcash
- problem: future security budget (tx fees not enough?)
- constraint: 21M cap
- proposal: Network Sustainability Mechanism
- ZIP 233: establish voluntary burn mechanism
- ZIP 234: smooths the issuance curve (adds burned coins)
- ZIP 235: burn 60% of transaction fees
Crosslink proposal
- adds assured finality to Zcash by introducing PoS finalizers
- hybrid PoS/PoW ("defence in depth")
- rooster of 100 stake weighted finalizers (they take fee)
- yield for stakers (40% stakers, 40% miners, 20% dev fund)
- staking from Orchard pool
- 21M cap
ZSAs (Zcash Shielded Assets)
- Orchard extension enabling the creation, transfer, and burn of custom assets (like ERC-20)
- also allows for NFTs
- assets can be wrapped assets (with bridging)
- same anonymity as shielded ZEC transactions, sharing the pool
- no freeze function
Levels of wealth:
- debt
- no debt
- debt
My largest holdings in order of size:
BTC
ZEC
XAU
Zcash must be the only crypto project where being late (joining almost 9 years in) feels being early.
It's like the early days of Bitcoin, buying coins for under $100, exciting to read up on all the tech, etc.
Just this time with privacy and a workable scalability roadmap.
𝛂?
- total global assets (TGA): $1,000T
- market cap gold: $22T (2.2% TGA)
- market cap BTC: $2T (~10% gold, 0.2% TGA)
- undeclared offshore wealth: $10T+ (1%+ TGA)
- privacy coins: $8B (<0.1% offshore wealth, 0.4% BTC)
- ZEC: ~$0.97B (12% privacy coins, 0.01% offshore wealth)
POV: You are in a country with transfer tax, high VAT, and high taxes in general:
“Cash or card?”
“Cash.”
“Nice!”
Optimists buy gold, pessimists buy cans.
Using Zcash as a mixer doesn't work — transactions going in and out can be correlated by time and value.
The only way to break this link is to use it as a store of value.
If the market demands more financial privacy and understands this dynamic, value will accrue to Zcash.
Money is technology — technology evolves.
The future is private.
Get worse to get better.
The claim that you lost your coins in a boating accident is more credible if those coins cannot be traced.
Who would have thought that we weren't shitposting on Reddit 10 years ago but were training superintelligence.
You can define an encoding that maps any blob of data to a single number.
To censor certain data, you'd have to censor certain numbers.
But under a different encoding, those numbers would be different.
So: censor all numbers.
Just finished "Zero World Problems: New Standards of Living for the Post-Materialist Economy" by Aaron Clarey, great read.
Should be mandatory reading for the crypto twitter crowd that thinks trading meme coins from mom's basement is the best way to financial independence.
If it’s OK to filter transactions with “too much” OP_RETURN data, wouldn’t it be also OK by the same logic to filter CoinJoin transactions with too many inputs and outputs?
After all, what useful purpose do they serve?
They are not transferring value.