errol.sol ⛏️
947 posts





almost all privacy protocols have a variant of this same thing this same FUD comes back every 5 months as new people learn how privacy pools work (and curiously it mostly comes from xmr ppl who are also vulnerable to counterfeit bugs lol) in theory, with a zk privacy protocol (not just zcash), you could have a bug in a circuit that inflates supply provided someone extremely sophisticated finds it and somehow exploits it undetected (the difference between a regular defi exploit is that it's harder to detect) the new information since last week is that the team has ramped up redteaming their own circuits with a ton of new advanced tools and teams specifically for this purpose and patched the bug in the process (I actually thought people would find this bullish but I'm retarded clearly) on zcash, you can catch this with a turnstile such that the total supply is not inflated and the attacker is stopped but that would effect withdrawals from that specific shielded pool until social consensus you can probabilistically claim there was no exploit though not definitively because the turnstile would've triggered and probabilistically an attacker would've sold by now or the several other run ups, and the fact that the very best security people from all over couldn't find an issue for years, but nothing has changed as this was always the case it's also why "just adding privacy" on a different chain (without audit ability) is not as easy as it sounds because you want the very best people working on this at all times and that was the point of this I get this makes some people uneasy, so there will be a network upgrade to allow anyone to verify the integrity, coming up (see zooko's post) this is why project tachyon is going to be such a banger. not just because it will be quantum proof but because it will be a new pool (which will definitively prove this wasn't exploited), but because it will be formally verified, simpler, and provably sound anyway, im shielding and chilling see: x.com/ebfull/status/…



Zodl v3.5.1 is now available on the App Store for iOS and on GitHub for Android. Google Play is currently reviewing the update and should release it shortly. With the Zcash network upgrade complete, updated wallet software is required to spend Orchard funds under the new consensus rules. After updating, Zodl will work as expected for sending and receiving ZEC via Orchard. As infrastructure comes back online, you may experience occasional delays. If so, run a Server Test and select the best-performing server under: Advanced Settings → Choose a Server Please note that any Orchard transactions attempted during the network upgrade window were not mined. If you are unsure about the status of a transaction, verify the TXID on the blockchain or contact @zodl_support.




im shorting $ZEC right now with all my capital. 😜 my liquidation price is $720, a price that Zcash lovers will never see. this is totally free money. bye bye.



zcash devs: yeah so there's this bug we're fixing don't think anyone has exploited, orchard pool shielded transactions are paused until ~ 11pm et. miners need to hard fork. we’ll let you know what the issue was after fork. market: understood. send it to $600 with haste.

JUST IN: Bitcoin falls under $70,000

Raoul Pal: No major financial institution will use public blockchains at scale without privacy. That's the blocker. Ethereum and Sui are both now building permissioned privacy into their base chains. Privacy that regulators can unlock when needed, but nobody else can see. FT @RaoulGMI @RealVision @Jamie1Coutts






