content dj @Zcash | prev: mktg @MinaProtocol
London, England
Joined November 2020
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Connaugh 🛡️🎥 retweeted
Zcash mining is around 7x more profitable than Bitcoin mining!!
But good luck getting your hands
on a rig. ~> $CYPH
“This is the 2016 of Bitcoin mining.”
Zcash mining is around 7x more profitable than Bitcoin mining!!
But good luck getting your hands
on a rig. ~> $CYPH
Zcash mining is around 7x more profitable than Bitcoin mining!!
But good luck getting your hands
on a rig. ~> $CYPH
Full @Bankless episode:
xitter.cf/bankless/status/210961…
NEW EPISODE - Cypherpunk Owns $500M of Zcash and 18% of Its Hashrate
@cypherpunk holds nearly $500M in $ZEC, controls ~18% of its mining hashrate, and has its sights set on 5% of the total supply.
@will__mcevoy, CIO of Cypherpunk Technologies, joins @TrustlessState to unpack the company's massive Zcash bet and why AI could make financial privacy more important than ever. They dive into Zcash's explosive comeback, why its mining economics resemble Bitcoin's early gold rush, and the strategy behind accumulating and holding ZEC.
CHAPTERS
---
0:00 Why Zcash Is Back in the Spotlight
3:24 Why Did Zcash Take So Long to Break Out?
5:09 Who Is Buying Zcash?
8:03 Can AI Identify Bitcoin Whales?
12:33 Inside Cypherpunk Technologies
16:39 Cypherpunk's Treasury and Valuation
17:57 Why Zcash Mining Is So Profitable
27:38 The Gap Between Zcash's Price and Hashrate
31:21 Mining Zcash and Keeping It
33:01 Why Buy CYPH Instead of Zcash?
38:05 What Is Cypherpunk Technologies Actually Worth?
41:44 Zcash's Builders and the Orchard Bug
46:37 Will McAvoy's Investing Background
49:23 Could Zcash Reach $10,000?
51:22 Will Governments Accept Financial Privacy?
Connaugh 🛡️🎥 retweeted
Zcash was built on conviction, cryptography and uncompromising discipline.
Took time. No hype. Just math.
Someone told me today: "If you told everyone at ZODL they wouldn't get paid for the next three months, they'd just say ok."
It’s just how it is. All in.
Onward.
Connaugh 🛡️🎥 retweeted
My first interview with @cameron and @tyler.
0:00 Intro
0:47 The 2012 thesis: digital gold
1:46 Bitcoin’s missing feature: privacy
2:28 The first internet-native money
3:15 Why they seeded Zcash in 2016
4:47 Money has always been private
5:31 The true separation of money and state
6:20 Privacy: where the state ends and you begin
7:59 AI and quantum as accelerants
9:11 Bullish AI means bullish Zcash
9:27 Bitcoin’s place in a Zcash world
10:53 Zcash in 5–10 years
11:47 AI cycles, not halving cycles
13:37 The biggest infrastructure build-out ever
14:08 Valuing Zcash as a percentage of Bitcoin
14:54 Zcash is encrypted Bitcoin
16:04 Gold is abundant in space
17:27 Why start Cypherpunk
19:05 The coming war on privacy
19:55 Flock cameras and mass surveillance
22:18 The encryption wars: Zcash is HTTPS
23:47 Wrench attacks and public blockchains
25:10 “I have nothing to hide”
27:11 Einstein at the patent office
29:14 Self-censorship in academia
29:48 Privacy forces you to engage with ideas
30:41 Outro
Connaugh 🛡️🎥 retweeted
“Without privacy, there can be no fungibility, and without fungibility, there is no sovereignty.”
“Bitcoin was created as a parallel system to fiat money, but its lack of privacy could cause it to acquire one of fiat money’s worst properties: permission.”
“Only encrypted money at scale has a chance at securing a free future.”
Connaugh 🛡️🎥 retweeted
Balaji explains why he believes it's “Zcash or communism”
“Communism was both surveillance and seizure. Those actually went hand in hand”
“In the 20th century, the way that Lenin and the Bolsheviks could go and seize the farm, seize the land is they had a list of all the farmers, the wealthy men, the guys who had two cows, the kulaks and so on”
“They could send their guys house to house and obviously later the communists also wiretapped everybody in the KGB and so on and so forth”
“Today, what is that? That's like the total police state. That's like surveilling everything with AI”
“If AI is this panopticon, this eye of Sauron, well, you have this Zcash shield that gives zero knowledge”
“AI can synthesize even the tiniest leak of information and put it all together into a picture that no one's ever had before”
“Zcash is the shield that actually restores privacy underneath that because it is itself zero knowledge about financial transactions but it's also helped bootstrap the entire zero knowledge space”
“Everything digital eventually gets protected by zero knowledge. So that's why it's Zcash or communism”
Anything you do on chain can and will be used against you.
Zcash gives you the right to remain silent.
Connaugh 🛡️🎥 retweeted
Zcash the most private money permitted by the laws of physics.
Glad low IQ thieves cannot figure out privacy comes from value at rest in the shielded pool.
Mixers will forever fail.
Taylor says she traced the $100M in laundered funds through gas transfers, not by breaking Zcash’s privacy
"Everyone was like, oh my god. They traced through Zcash. It's not private anymore. Guys, I did not trace through Zcash."
"They crossed their inputs and their outputs. Meaning that they have money over here that's going into Tornado and also into Zcash. Then they have money out over here that's coming out of Tornado and also out of Zcash."
"Ideally, when you're laundering, money goes in one end and it comes out the other and you force everyone to properly follow you through. However, when you have, like, thousands of addresses, you have gas, you're funding. You get confused easily."
"If you're moving fast, you're trying to launder the money, about $100M to get through. Gas will fuck you up every time, kids."
"They come out in USDT because that's what has the most liquidity. But then they're very rapidly trying to get out of USDT because they can get frozen. And so then they send gas from over here to over here."
"That is how I traced the Zcash. You just follow this little trail over here. Everyone else is, like, brute forcing it through the pools or whatever."
"Zcash, still sufficiently private. Unless you're laundering $100M incredibly rapidly and stupid."