REMINDER:๐
Zcash is a scam.
Founder's reward: 20% of all coins went to a small group of insiders. A premine with extra steps.
Trusted setup ceremony โ if the "toxic waste" parameters were secretly retained, someone could mint infinite ZEC forever. Unverifiable by design.
Electric Company fork: ZEC abandoned its own privacy guarantees for "regulatory compliance." So much for "shielded by default."
Zooko personally lobbied for AML/KYC integration. The "privacy coin" that bends over for regulators isn't a privacy coin.
Dev tax expired, but the damage is done. The protocol was birthed with a tax built in โ antithetical to sound money.
Bitcoin needs no trusted setup. No founder's reward. No dev tax. 21M hard cap, proof of work, permissionless.
Zcash is what happens when you try to add privacy as a feature instead of building it into the base layer. Bitcoin fixes this.
Saylor now has 2.55bn in USD reserves. The whole strc death spiral bullshit is done. This bear market is coming to it's end. Sellors are exhausted and 58k gang hold up strong so far.
Final days and weeks of cheap sats imo.
accounting wise it totally makes sense that saylor sold some high priced coins.
maybe a lot of people finally respect bitcoins liquidity.
now let's move on.