Professor Dr. Jerome Powell (Parody)

I've been seeing a lot of people put a price tag on privacy, they watch the price of Zcash and if its up they will say privacy is the future, if its down they will condemn privacy Like y'all are missing the entire point of privacy, privacy shouldn't be reduced to just a simple chart but its much more than that and its a major piece that is still missing in crypto Crypto still mostly runs on radical transparency For example every transfer, balance, payroll, OTC desk, DAO vote etc etc can be reconstructed by anyone with a laptop and time Lets take a look at trad finance a bit for this Cash didn't work this way, banks did not publish your full history to the street, gold in a vault did not come with a public graph of every previous owner Bitcoin solved issuance and settlement but it did not solve the fact that a permanent public ledger is a surveillance and targeting surface Exchanges, analytic firms, governments and future AI systems get better at reading that surface every year Privacy is the layer that says the network can verify a payment is valid without turning your financial life into a public dataset That is what shielded transactions, mixers, confidential amounts and zk systems are trying to restore Zcash is one attempt at putting that property on a scarce issuerless asset, it is not the whole category and its price is not a scoreboard for whether privacy matters This imo is also why @AnomaPay matters a lot for our space It isn't another privacy ticker to watch and its actively trying to put that missing layer into actual payments as seen with all the updates they had in recent months They made it possible to send and receive privately with assets people already use, on chains they already hold them Their focus is all on making privacy onchain a normality rather than having a chart decide if privacy is the future or not At the end privacy is something you can use with them and not something you only tweet about when ZEC is green