The fact that
@Zcash dumped because they 1) proactively, 2) safely, and 3) transparently acknowledged an extremely nuanced bug—which to date has no evidence of being exploited—is the equivalent of travelers getting off a plane before it even leaves the gate, because the pilot notifies the cabin they discovered a fixable engine issue that will take 30 minutes to repair.
Sounds scary and complicated. But expected in the course of normal operations. Most people would probably just be more annoyed about the flight delay than they would be concerned the engine wouldn’t be fixed.
Things like this are as normal as fixable engine issues—you can’t build massive projects without coming across potential vulnerabilities here and there. Bitcoin, Solana, every major OS—they’ve all had issues. We install software updates on our phones and computers that fix security bugs every day, and no one thinks a thing of it.
The key is to have tight controls, audits and systems to catch issues before they harm anyone.
And that’s exactly what happened here.
Would you prefer an airline that doesn’t even know it has an engine issue, or lies to the cabin about the delay?
Projects like ZCash and
@NEARProtocol with top tier devs at the bleeding edge of privacy and AI are among the safest, most trustworthy technologies today, and they are best prepared for an AI and quantum future.
Said another way, this selloff has nothing to do with project or technical merit. It has to do with a jittery macro environment, extended open interest, and weak handed retail freaking out after a short term trading KOL takes profits.
In contrast to the stability of ZCash and NEAR technology, those things are all fickle and fleeting—for both bearish and bullish price action.