ZEC is important because it takes privacy seriously. But this is the hard tradeoff: if privacy hides too much, users may lose supply auditability.
Bitcoin’s original privacy model is different:
public ledger,
auditable supply,
visible transaction graph,
identities firewalled from keys,
new addresses/keys per use,
privacy at the edge rather than hidden monetary state.
That model is underrated.
It says: keep the money supply and settlement record publicly verifiable, then build better wallets, identity separation, selective disclosure, encryption, and payment UX so ordinary users are not exposed by default.
Privacy and auditability should not be enemies.
The next generation of electronic cash should give users both: private use, public proof.
Here is an image from the original Bitcoin whitepaper ... and
#BSV's Wallet Toolbox implements it!
Someone just pulled 388,000 ZEC from a pool that can't prove its own supply
1% of the entire shielded pool just six days after Zcash disclosed a 4-year counterfeiting bug
Hayes dumped everything and ZEC is down 40%
Privacy means you can't verify if those coins were real 💀