Treasonous🛡️

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/…

@januszg_ Turnstiles.

um... this is very bad??? you can never be sure that the vulnerability wasn't exploited. also, orchard has the largest amount of shielded zec of any pool if someone exploited the vulnerability before the patch, they could have created invalid notes in orchard. this is undetectable, so it is still possible that the exploiter could withdraw invalid funds from the pool in the future afaict.

lmao this was an experiment to show you absurd online news aggregators are here, you can confirm for yourself:

what's crazy about zcash is that it's performing this well in the face of widespread fake news attacks (no, network was not down at all) and one of the coldest crypto markets in a long time it hasn't even experienced a bull market yet

@MuroGEO Never forget that Monero has DNS checkpointing, so nodes can opt in to essentially let the core team determine which blocks are valid. Glass houses.

@RAILGUN_Project @TrustlessState @AskVenice @Lighter_xyz Thank you so much!

@TrustlessState @Treasnous1 @AskVenice @Lighter_xyz You'd enjoy t.me/railgun_privacy to talk to knowledgeable people

I've interviewed Zcash people, the @AskVenice team, @Lighter_xyz bulls, and $NEAR bulls... Who should I do next? What teams are out there doing bullish things worth discovering?

@Bankless @jswihart @Zcash @zodl_app "The shielded pool is the most important KPI in my mind."

INTERVIEW: “ZODL is to zcash:native what Coinbase was to bitcoin:native .” @jswihart joins Bankless to unpack ZEC's awakening and why @Zcash may be entering its most important chapter yet. We cover: - @zodl_app's plan for Zcash - the rise of shielded ZEC - privacy in the AI era - why Bitcoiners are paying attention - making private money too big to kill --- TIMESTAMPS 0:00 Intro 4:17 Privacy in the AI Era 6:19 Crypto’s Missing Privacy Layer 9:49 The Political Fight for Privacy 14:42 Can Crypto Retain Privacy? 16:47 From Zashi to ZODL 19:48 The Zcash Reawakening 21:41 Balaji, Funding, and the Mission 24:49 Product Market Fit for Shielded ZEC 27:51 ZODL's Role in the Zcash Stack 29:36 The Zcash Roadmap 32:56 What Is ZEC and is it Undervalued? 36:56 The Shielded Pool Explained 45:12 The $25M ZODL Raise 47:16 Compliance and Shielded ZEC 51:25 Institutions vs Cypherpunk Values 53:58 Personal Privacy in an AI World

First step: almost nothing online works in China without a VPN. So step one was paying for a VPN with ZEC through @zodl_app Pay. That alone made the rest of this thread possible.

Stop using drug dealers for advice on advanced cryptography. Zcash's encryption will always beat Monero's decoy obfuscation. There's no debate here.

The deadline to move some of your ZEC into Zodl Wallet in order to vote in the upcoming Coin-Holders Vote is today!

This is false. Zcash is not “banned” in the EU. The EU rules restrict what regulated crypto service providers may offer when accounts or trading activity prevent identification of holders or transaction history. They do not ban the Zcash protocol, ZEC ownership, self-custody, peer-to-peer use, or transparent Zcash transactions. Zcash is also being mischaracterized here. Zcash supports both transparent addresses and shielded addresses. Transparent Zcash transactions work like Bitcoin-style public transactions: sender, receiver, and value are publicly visible. Zcash also supports view keys, which let a user give a third party read access to shielded transaction details without giving spending authority. That enables selective disclosure for audits, tax, AML, or other compliance workflows. The relevant EU MiCA rule for trading platforms is conditional: crypto-assets with an inbuilt anonymisation function cannot be admitted to trading unless the platform can identify holders and their transaction history. Zcash’s transparent transaction mode and view-key/selective-disclosure design are directly relevant to satisfying that kind of requirement. Zcash is not banned in the EU.

@BostonZcash @jswihart @zodl_app It REALLY is like that

Overheard from a first time @Zodl_app CrossPay user: 'Wow, so I don't even have to leave Zodl? You can just live in it – this is amazing!'

Insightful!

Is this still happening this year? @ZcashFoundation

part of me thinks that if u have never tried @NEARProtocol with @zodl_co u will not get the $ZEC or the $NEAR idea and will miss out on being early to probably the biggest/ most important upgrades to crypto in over a decade. thats my 2 cents.