For every important person in your life there will be a day when you will see them for the last time.
Just remember that the next time you'll see them.
Frank Braun
frankbraun@nostr.fan
npub1vmu8...hxee
Freedom | Privacy | Investing | Programming
The future is private.
Just use Cloudflare and AWS and you will not have any issues they said.
Technology leads, politicians follow.
It's hilarious that the concept Homo economicus models humans as consistently rational, when it's actually quite the opposite.
What I like about the Zcash community:
Nobody asked me if want to join a Telegram group yet —the standard in most of crypto.
Only Signal groups.
They get it.
Zcash is getting repriced in real time.
Being a Zcasher is easy compared to being a gold bug in the 1980s.
Was there ever a U.S. government shutdown where the debt ceiling wasn't raised?
"No, we are not going to eat the cookies!"
*dancing around*
"Lets eat the cookies!"
Long: BTC, ZEC, XAU
Short: USD, EUR, CHF
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.