
privacy is normal @RAILGUN_Project $RAIL ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d
on chain
Joined April 2017
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we might see new ATH soon if this bullflag pattern plays out for ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d
Bought some $rail here
Looks like this one is next the run as the privacy meta heats up again
If we see $2.50 once more I will load up aggressively
Pulling considerably more revenue than any other privacy protocol
Vitalik stamp of approval is a big bonus
went full privacy for this summer and you should too
raillions
ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d
if RAILGUN had a run like ZEC
Updated ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d (@RAILGUN_Project) Thesis:
TL;DR:
The Ethereum privacy play -
1) Kohaku soon
2) Massive distribution boost for Railgun
3) RAIL token cheap
~~~
Added more to my RAIL position last night, as there seems to be motion on the Kohaku front once again.
For those of you who don't know, Kohaku is a wallet SDK built by the @ethereumfndn that enables any EVM wallet to easily integrate privacy solutions such as Railgun, @0xprivacypools, and @TornadoCash. Kohaku will massively improve the privacy UX on Ethereum, making private transactions as simple as any other.
The main hurdle to privacy adoption in crypto has always been UX (see what happened to zcash:native after @zodl_app improved Zcash's UX), so I believe that Kohaku represents a meaningful catalyst for privacy on Ethereum.
Just yesterday, the EF shipped code for an alpha version of Kohaku's Railgun integration (Note: Kohaku is already live on testnet, so mainnet is the next step). Furthermore, @ambire, whose wallet was forked by the EF as the source code for Kohaku, is aiming to have the Ambire wallet integrate Kohaku this summer.
Once Kohaku is live, I firmly believe that Railgun will be one of the main beneficiaries. Railgun is already the top privacy protocol by revenue, and the Kohaku integration should give it a *massive* distribution advantage that will, hopefully, add multiples to its current metrics.
Likewise, RAIL will directly benefit as well. All revenue goes to the Railgun treasury, and 2% of the treasury is distributed to stakers every 2 weeks. This means that 52% of the treasury is distributed to tokenholders every year.
RAIL also trades at an extremely favorable valuation. At its current $130 million FDV, it trades far below both the Ethereum ecosystem project and other privacy comps. Additionally, the token is fully circulating, and nearly 74% of it is staked, meaning that:
1) Float is only ~25% of the circulating supply
2) No hidden unlocks to dump on you
Finally, with privacy being a hot narrative and Ethereum fully committed to CROPS, it's only a matter of time until Railgun gets its time to shine.
yes and funny thing is we already have this
I mean is this the most asymmetric trade of privacy meta?
$rail
a private stablecoin would absolutely kill in this market
the two hottest narratives combined in one
but somehow feels underexplored
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that's why you want zk private stablecoins
$rail
It’s cool if you want privacy, but don’t conflate privacy with a store of value.
Privacy is a feature, like “world computing,” or bigger blocks, or faster transactions.
There was a time long ago that alts were called “feature coins” (before we just called them shitcoins) because each one was marketed on having this one new feature.
You want privacy when you’re transacting, just like you might want “computation” when you need to compute. You need it at the time you need it. Pre-buying a token for a feature coin doesn’t make sense. You’re trying to store value in an ephemeral or batchable feature that is sporadically needed.
Just think of buying a bus pass for discounted rides. You may buy a pass for a month, but would you buy 100,000 bus passes as an investment? Of course not. Or would you expect everyone will suddenly buy 100,000 bus passes, so the price of a single bus pass is going to cost more than a Bitcoin?
If you want privacy for transactions, and you want to use a privacy coin for that, go for it. But you don’t need to buy more of the privacy coin than you need any at any given time. You can store your value in Bitcoin and swap some to whatever feature you need, when you need it.
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alpha coded $RAIL
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idk who needs to hear this but there is a banner edition made by @rgb0x00 still open on @mallowdotart to mint for only 0.1 sol
mallow.art/artwork/8GJAeapk8…
Solana Sun
@solsunsets
Sunset retrowave landscapes on Solana @solsunsets
I've held this @solsunsets since mint, many years ago, when NFTs started in SOL.
Sunsets are forever.
I've held this @solsunsets since mint, many years ago, when NFTs started in SOL.
Sunsets are forever.
wen? 💀
mordies are 6969 hand-drawn memes that you can pfp or lay to rest in your hidden folder. regardless, mordies will be ded forever on the mother-chain.
mordies were Inspired by @rodarmor’s inscription #0 and MEMENTO•MORI. with a horde of hand-drawn traits, it pays homage to all the runes, ordinals and memes that are ded. for fun & culture.
free mint.
launch very soon.
remember you must ded.
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#HASHSCAPES
34x34 pixel 16 unique color palettes canvas
randomly generate until you find the one
click mint
enjoy
sktxs.com/
you will need some solana $pixels to mint
app.meteora.ag/dlmm/BmgMn2rV…
or look for PXLSmSBWHU8yAqNof9Ry2LPsZxHSYB4xXsBaQWUmEzV on famousfoxes.com/tokenmarket
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oh yeah
arts great
$gob
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