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zksnarks.net $ZEC

RT @zooko: x.com/i/article/206631948652…

$ZEC design is genius if you think about it Transparent addresses for compliance with exchanges Shielded addresses for maximum privacy That’s why it’s the #1 privacy asset in the world

Peak fud is the opposite of peak euphoria

Really excited to audit the Orchard pool's supply with a very elegant and wonderful approach @ShieldedLabs suggested. More about that later today. But it's funny that the whole time we're fixing it I'm going be paying bills etc. with my Orchard funds! I love it. 😆

Zcash just give opportunity for make all us be very good wealth. I see zcash price crash. So much people be panic: "Oh Wei Wu. Orchard pool be exploit. Infinite zcash be print. Life be over. Blah. blah. Blah". My friend, your IQ so low not understand this world number 1 Zec opportunity. stop cry. This why in America english, everyone say you a vagina. Relax. Everything be fine. I explain use Nash Equilibrium game theory high IQ material for make you behave less vagina. Zcash orchard pool possess error for last 4 year allow hacker make infinite zec. Look first picture > I be hacker (Rational Player 1) > I say "okay. Im now able make infinite zcash:native . What my strategy for maximize my cash?" > 1. Cooperate: I sell slow. I hold token. Sell only when price go up. Not cause alarm. Make money slowly. > 2. Defect: I make infinite token number then sell all token most fast. > BUT PROBLEM! If im cooperate and not sell most fast, what if another Rational player 2 also find exploit. He sell fast. then price drop most fast and im not able make any money! > what be my optimum strategy for make optimum money? I make infinite zcash and put in shielded pool. THEN I SELL SO FAST ZCASH PRICE DUMP TO 0.000001 YUAN. Now go look second picture. > shielded pool number keep go up > price for zcash until vulnerability be discovered also keep go up > How this 2 fact be possible if someone use vulnerability for make zcash? > answer: NOT POSSIBLE My friend, now you stop behave like america vagina. Stop be cry. Be appreciate. This most wonderful opportunity for be prosperity because market so stupid sell so much make price be too low. We all soon make our ancestor look down nod head up and down be most proud because we create much prosperity for ancestor bloodline so now our own descendent be so prosperity too. NOW DO YOU UNDERSTAND?

- The bug remained hidden for years despite multiple audit rounds by world class cryptographers - Opus 4.8 released on May 28 and @DefuseSec caught the bug on May 29. Previous iterations did not catch the bug. - Shielded pool and price trended upwards the entire time - Some say a smart attacker would’ve drained slowly, I disagree since they wouldn’t know when someone else might find and exploit before them Based on above facts I estimate that the chance of an actual exploit having occurred is less than 1%. The upcoming new, formally verified pool will be another huge upgrade and reassurance. I’m bidding more spot zcash:native here.

Can someone explain to me why some peoples life mission is to hate on Zcash? Am I missing something?

Let’s say someone discovered a way to mint zcash before the bug was fixed. How do you reconcile that with the fact that: 1) zcash price went up only 2) orchard pool % went up only

When the uncertainty is gone with formal verification the opportunity will be gone also. Profit comes from being right in the face of uncertainty.

Devs are actively building a formally verified shielded pool. Migrating to it would lock in the 21 million ZEC supply cap and provide cryptographic assurance that this bug was never exploited.

Bullish aspect of this vulnerability is that even the most vocal Zcash haters have to admit that Zcashs privacy tech is second to none

Well fuck. This actually aged well.

More short term pain expected as the Zcash exploit is making people realize that their coins are not as safe as they think. The long term optimistic view is that ai will make blockchains much more robust and secure. Study anti-fragility.

Zcash has so many haters it’s actually unreal Reminds me of the early days of bitcoin

The honesty is appreciated but the way this article was written is just straight fuel for FUD. Zooko needs a PR manager.

V bad short term for $ZEC Long term we’ll see enhanced security of the protocol and auditability of the supply