Zcash - antidote to communism

Joined December 2020
125 Photos and videos
lmao even Bloomberg is talking about Eli being Zcash cofounder.
When Eli Ben-Sasson helped create the Zcash cryptocurrency he didn’t expect that machine intelligence would one day expose a flaw that had eluded years of expert human judgment bloomberg.com/news/articles/…
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deepcandles 🛡 retweeted
.@jswihart on Ironwood: "Ironwood is the next shielded pool, it's Orchard, but formally verified. Target is mid-to-late July, and we're way ahead of schedule. Then, Tachyon: the circuit is radically simplified, simpler assumptions, also formally verified." Zcash is winning.
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deepcandles 🛡 retweeted
BREAKING: Anthropic ran a security audit of Zcash with Mythos, no serious bugs found in the protocol.
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deepcandles 🛡 retweeted
🚨 JUST IN: Anthropic’s Mythos AI completed a security audit of Zcash and found no additional serious vulnerabilities, according to founder Zooko Wilcox.
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deepcandles 🛡 retweeted
We're continuing to build the team at @zodl_co. Excited to add another star to the team! Welcome @cozymaximalist.
Some personal news: Today is my last day at @KuruExchange. Over the past two years, I’ve had the privilege of helping grow Kuru from an idea into an integral part of the Monad ecosystem. Along the way, we surpassed $2B in mainnet trading volume, built an amazing community, and made many real friendships I hope will last a lifetime. I can’t thank @0xfravashi and @0xtrojan_ enough for taking a chance on me to build a fully onchain CLOB together, along with great coworkers and friends like my fearless co-host @kryptobaby777 and @cryptunez who first got my foot in the door in the eco. I remain a proud cheerleader and stakeholder for Kuru and Monad at large. On Monday, I’m thrilled to be joining Zcash Open Development Lab (@zodl_co) as Content & Communications Lead. Zcash’s commitment to privacy, freedom, and open-source values has reignited my passion for crypto. I’m excited to help tell that story to the world and bootstrap Zcash and @zodl_app adoption at scale. A huge thanks to @peacemongerZ , @jswihart, and @tonymargarit for this opportunity, and to friends like @Cryptopathic and @SPCMNandHOBBES for helping me get privacy pilled in the first place. Onward. ROM. 15:13
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deepcandles 🛡 retweeted
Jun 12
Slowly rebuilding my position in $ZEC from now, did my first buy today Still think we could go lower, but we are far closer to a bottom than a top imo so more than happy to start buying back cheap coins
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deepcandles 🛡 retweeted
The ZEC shorts are back in full force Funding is now projected to reach -82% annualized Ppl have rage shorted every pump since Q4 and ZEC is now more hated than ever post-hack The fuel is building for an eventual rally to multi 4-figs that will induce biblical levels of cope
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deepcandles 🛡 retweeted
Some personal news: Today is my last day at @KuruExchange. Over the past two years, I’ve had the privilege of helping grow Kuru from an idea into an integral part of the Monad ecosystem. Along the way, we surpassed $2B in mainnet trading volume, built an amazing community, and made many real friendships I hope will last a lifetime. I can’t thank @0xfravashi and @0xtrojan_ enough for taking a chance on me to build a fully onchain CLOB together, along with great coworkers and friends like my fearless co-host @kryptobaby777 and @cryptunez who first got my foot in the door in the eco. I remain a proud cheerleader and stakeholder for Kuru and Monad at large. On Monday, I’m thrilled to be joining Zcash Open Development Lab (@zodl_co) as Content & Communications Lead. Zcash’s commitment to privacy, freedom, and open-source values has reignited my passion for crypto. I’m excited to help tell that story to the world and bootstrap Zcash and @zodl_app adoption at scale. A huge thanks to @peacemongerZ , @jswihart, and @tonymargarit for this opportunity, and to friends like @Cryptopathic and @SPCMNandHOBBES for helping me get privacy pilled in the first place. Onward. ROM. 15:13
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always
Don't expect the price of $ZEC to do much until after the move to IronWood confirms that the bug was not exploited. The risk averse have already sold. The gamble now is whether the Zcash team have their act together and can pull off a clean upgrade.
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deepcandles 🛡 retweeted
Quick update on the last ~48 hours of Zcash Ironwood! 1. Protocol devs from across all the orgs met twice to discuss specification and implementation progress. Agreement on a couple additional changes: disabling Orchard pool bundles in coinbases, anchors as auth data for migration UX with hardware wallets, and the order that ZIPs and specs will be handled. 2. Ironwood circuit and ZIP 2005 integration drafts are going through the review process. @ValarGroup has already spun up testnets and his team has done a wonderful job scoping out and implementing some of the wallet-facing changes. We are beginning an Ironwood upgrade book for eventual consumption by auditors, wallets, protocol developers, etc.. 3. Formal verification work on Ironwood continues. A collection of different individuals who either have or will continue to work on formalization efforts will be meeting tomorrow where we'll settle on the specific strategy for getting the Ironwood SNARK formally verified. I'm hosting this and will post minutes and details after. Efforts from teams will be ideally combined where useful, existing approaches and progress unified and we'll figure out the easiest path for the next couple weeks. I've paused my own work on this to do Ironwood circuit stuff, but I'll be resuming on that tomorrow. These are the big pieces, there are also some major security auditing tasks taking place in the background -- at least three major firms are auditing Orchard currently, and multiple new AI auditing suites are hammering the codebases to ensure nothing else critical is sitting around anywhere. So far so good! Really proud of how much progress is being made every hour on this by all five of our major teams/orgs and our supporters inside and outside the community. Also love the general wartime vibe shift. Let's go!
UPDATE: The various orgs and protocol developers mentioned have agreed on the specific consensus rule changes for Ironwood, after settling the finer details. Here's a summary: 1. Ironwood introduces a new pool using the Orchard protocol, just like the existing pool. 2. The circuit for the Orchard protocol—which applies to both the existing Orchard pool and the new Ironwood pool—will have a flag that consensus rules can toggle. This flag disables payments to *other* users within that pool, while maintaining the ability to create change notes. (This enables a privacy safeguard.) 3. The old Orchard pool will have this flag enabled after the network upgrade, and payments to the old pool will also be disabled by constraining valueBalance. 4. Because payments are disabled on the old pool, wallets must send new payments to Orchard receivers (inside existing unified addresses) via the new pool, and they should also migrate funds away from the old pool. This combination enforces a bound on the circulating supply of ZEC through the use of the existing turnstile mechanism; the amount of ZEC that anyone can transact with is no more than the amount that is supposed to exist. Meanwhile, users' wallets can migrate funds to protect them from risk, which also gradually provides evidence that counterfeiting never took place. Now that we have this decided, we'll collectively move on to the implementations, specifications, and ecosystem support/outreach. (We also have many different auditing and formal verification efforts taking place behind the scenes to provide assurance about the circuit correctness. More on that soon!)
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Jun 10
$ZEC has already done what most altcoins still haven’t even started While the market keeps hunting for “the next breakout,” $ZEC is sitting here a few percent away from reclaiming its cycle high What’s catching my attention isn’t the ATH itself It’s the trendline Three separate reactions Three separate supports And every correction has been bought higher than the previous one 📈 Support 1 launched the first expansion 📈 Support 2 held during the entire market reset 📈 Support 3 produced the current rally that’s now pressing directly into ATH territory That’s not random price action That’s a market consistently accepting higher valuations over time The funny thing? Most people only become interested after a breakout But the strongest charts usually spend weeks building pressure right below resistance before making the move everyone suddenly calls “obvious” $747 remains the level to watch If bulls reclaim it, there isn’t much historical supply left above And once an asset starts trading in price discovery, targets tend to move faster than most expect One of the strongest charts in crypto right now
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Zcash will 100x from here. Will SpaceX 100x from here?
Zcash will give more returns than SpaceX. I'm all in ZEC. Ride or Die.
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deepcandles 🛡 retweeted
Zcash brought zk to life. We made it fast. We made it usable. Now we make the supply trustlessly verifiable. Then we scale. Then quantum secure. Private digital cash. ZEC for billions.
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deepcandles 🛡 retweeted
Shielded Labs has extended Taylor Hornby's (@DefuseSec) agreement through the end of 2026. Taylor will continue serving as a Security Consultant, where his primary focus will be identifying security vulnerabilities and supporting remediation efforts for Zcash. Taylor will also contribute to the Ironwood upgrade. He'll focus on assurance, including security review and formal verification. His goal is to help ensure the protocol and code receive rigorous scrutiny before deployment and that significant issues are identified and addressed as early as possible. This work is crucial. We believe the number of security vulnerabilities being discovered across the industry will continue to increase as AI-assisted security research becomes more sophisticated. Our goal is to stay ahead of that curve. Taylor has spent years working on the security of Zcash, and his discovery of the Orchard vulnerability demonstrated the value of his experience. There’s no one we’d rather have helping us improve the security of Zcash.
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An entity has withdrawn over 265K $ZEC (~$107M) from exchanges in the last two days. They have consolidated all of the Zcash to one address t1ZV8Dq8ZeDx26ZGRRxXDVWTsiDqUzUfonY. I guess there are still some $ZEC believers out there.
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deepcandles 🛡 retweeted
> I was in Zcash for privacy > the shielded pool is so private that nobody can know ever if the inflation bug was exploited before the fix So if @CryptoHayes sold because of inflation concerns, he was never in it for the privacy 🤷🏻‍♂️
Jun 10
Why @CryptoHayes Sold His $ZEC In conversation with @cryptomanran, Arthur Hayes explains: “I was in Zcash purely for privacy. But after an AI found a bug, I sold. I demand perfection from ZEC against big tech, big government, and big AI.” FULL interview: youtu.be/uDV8YRsZU3o
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lmao. Why shouldn't they sell ZEC ???
Jun 11
Seeing a lot of $ZEC inflows into Orchard pool recently and I've started to form a theory. What if team/large holders are depositing into Orchard as a 'collateral buffer', covering any hypothetical hole from a past exploit so no legitimate users ever hits an empty pool?
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deepcandles 🛡 retweeted
Jun 10
Replying to @mert @KyleSamani
I feel like you either have the gene to appreciate sov assets and the sov thesis, or you don't. Kyle has demonstrated that he doesn't from the beginning. Fine, but might want to recognize that other peoole *do*. Gold at $30T demands the ack.
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deepcandles 🛡 retweeted
Not gonna lie I sort of enjoy the mental derangement of some Monero bros who find themselves in complete disbelief about Zcash or else spend every waking hour manufacturing lies or conspiracies out of pure spite Meanwhile, Zcash keeps shipping code… as it should zcash:native monero:native
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