engineer, entrepreneur, investor ex bitcoiner, now zcasher long on humanity

🌍
Joined January 2018
À Block 🛡 retweeted
Replying to @zksquirrel
Its not what protocol funding should go towards. If you'd like to spend your own ZEC on it, epic!
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À Block 🛡 retweeted
Imagine a state where you pay taxes but don't get to vote on how it's spent. That's Zcash today with ZCG. Every block, coinholders are diluted to fund a committee they can’t elect. Coinholder funds should be coinholder controlled.
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À Block 🛡 retweeted
Dev Ojha’s full talk on the path to scaling Zcash at Token2049 Singapore. Timestamps: 00:00 - The dream of digital cash 01:29 - Satoshi can’t spend his coins 03:18 - Making Zcash quantum recoverable 04:44 - Scaling encrypted money to the entire world 05:35 - Tachyon changes the scaling problem 07:23 - Zakura: scaling Proof of Work 08:35 - Privacy is the real scaling bottleneck 10:01 - Private Information Retrieval changes everything
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À Block 🛡 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.”
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À Block 🛡 retweeted
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗦𝗲𝗶𝗻𝗳𝗲𝗹𝗱: 𝗧𝗵𝗲 𝗗𝗼𝘂𝗯𝗹𝗲 𝗦𝗽𝗲𝗻𝗱 George likes his Bitcoin friends but he also likes his non bitcoiner friends, can he manage them both?
Bitcoin not Crypto George makes a new friend, or does he?
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À Block 🛡 retweeted
We condensed Tachyon’s design into a video that walks anyone familiar with Zcash’s protocol through each change.
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À Block 🛡 retweeted
Replying to @americanhodl8
I agree. Holding transparent ledger is hard : worried about mass surveillance, quantum attacks, slow transactions... It is easier to hold zcash. Shield $ZEC and patiently wait for the electronic p2p cash to become inevitably global. no privacy, no sovereignty.
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À Block 🛡 retweeted
.@balajis: “Truly private money at scale, in arbitrary amounts, teleporting it anywhere breaks many assumptions that 20th century states have. On the other hand, it’s also going to be necessary for individuals to protect their privacy. So there’ll be an enormous demand for it. And net net, where I think things land up on the other side is it is legal, and governments actually move to a Dropbox or Google-style model. So just to digress a little bit. Basically, if you think about how Dropbox, Google, a lot of these companies work, they collect more than most governments do in “tax revenue” via subscription globally. That’s to say, they just have a subscription, and you pay that subscription. And if you don’t pay, then your digital services are shut off. And if you pay, then it comes back on, right? And Google and others make enormous amounts of money this way, and they don’t have a single tax collector around the world. They don’t have to audit anybody. You literally just pay whatever dollars per month, right? That is where things will ultimately go., in my view. You’re going to have the subscription state, where every country you just pay like 2,000, 3,000, whatever whatever amount of money flat fee per month, and that’s just your fee. And they don’t have to go and get everything else. They just get a flat fee. That is ultimately where I think things land up by 2040-ish or thereabouts.”
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À Block 🛡 retweeted
How Zcash Flips Bitcoin This Cycle 0:00 $ZEC flipping BTC? 1:20 Second Mover Advantage 3:41 Project Tachyon: Path to 50k TPS 5:39 How To Think About Zcash 13:05 How Zcash gets to $20k 15:13 Their Bias is Your Opportunity
$ZEC: Once in a Lifetime Trade 0:00 What is Zcash 3:26 Why We're in a Crypto Bull Market 9:18 Why ZEC will be the Fastest Horse 17:20 My Traumatic Past with ZEC 22:57 The Art of Selling Low & Buying High 27:55 Going for the Jugular 34:09 On Risk & Betting on Reflexivity
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À Block 🛡 retweeted
People read one emotional Matt Green tweet about public key encryption, spent 0 seconds thinking about it, and decide to panic. Sure ECDLP will be broken with QC's one day. But there's so many levels to this being wrong to panic over. - 0 actual progress on attacking anything - We have tons of alternate plans available. - Quadratic advantage hash-based PKE - Lattices - Multivariate polynomials - A whole field of KEM's from fine grained cryptanalysis. (Fun fact, works even if P=NP) Sure you can wake-up and choose doomer and be wrong. We have decades of cryptography to draw from on for all the above options, AND how to build a lot of what we want from UX tweaks without PKE. PKE just made a lot much easier, and less web of trust routing like.
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À Block 🛡 retweeted
Do the labs have better algorithms for breaking crypto? Independent of the answer, the most important thing is to have crypto agility. Zcash has proven this, with 3 upgrades happening in 6 months, and Tachyon planned for January. The protocol design has plans for how to turn off features to enable safe protocol upgrades. This is what Quantum Recoverability is, and it applies equally well if there's a non-quantum ECDLP attack. We're equipped on multiple fronts to protect against future bugs. In the next cryptography upgrade, coming January, already slated features are: - PQ transparent - Switching to Tachyon What people don't realize about Tachyon is it switches us to R1CS, and enables far more crypto agility away from elliptic curves. The nullifier derivation no longer depend on elliptic curves. We get far greater SNARK agility and can very quickly move to STARKs when any crisis comes. Today's Zcash transparent UTXO's give a better security guarantee than an ETH address. @ZakuraZcash has solved the privacy and performance problem that were blocking rotating T-Addresses natively in the wallet. This is done using PIR to fetch balances, and its already live in Vizor. So its a short UX leap to get this backup plan. In January, the Transparent pool will be upgraded to support hash based sigs, that can later be STARK aggregated.
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À Block 🛡 retweeted
The case against ZCG. 00:00 Intro 02:38 How ZCG works 03:11 Grantees elect the committee that funds them 04:41 8% of every block, zero coinholder say 05:30 Why nobody says no to an influential applicant 08:46 No consequences, and no one to blame 11:17 Baked into the protocol, so nothing can compete 15:06 Already 20+ years of runway 16:26 Credible neutrality
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À Block 🛡 retweeted
There is ~$250M in the Dev Fund as we speak. The burden is on the pro-Dev Fund camp to demonstrate why its treasury should be even more massive. Ethereum was started with just $20M in funding FYI. Liberate Zcash funding.
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À Block 🛡 retweeted
Why this isn’t a privacy coin rally. It’s a Zcash rally. Privacy is just one property of Zcash. The larger thesis is that Zcash is becoming sovereign money: - 21M fixed supply with Bitcoin’s emissions curve - 10 years of distribution that cannot be recreated - Quantum recoverability - A concrete path to 50,000+ TPS - A formally verified shielded pool designed to rule out undetectable inflation bugs - Arguably the strongest cryptography team in the industry Privacy becoming valuable is only one slice of the bet. The bet is that Zcash becomes money.
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À Block 🛡 retweeted
Zcash $1,000. Zcash $10,000. Zcash $100,000.
Zcash can scale. Zcash must scale. Zcash will scale.
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À Block 🛡 retweeted
Sean Bowe and the Impossible Money Problem Sean Bowe @ebfull dropped out of high school, discovered Bitcoin as a teenager, and eventually helped eliminate one of the fundamental compromises in modern zero-knowledge cryptography. In 2012, he regrettably sold $30,000 worth of Bitcoin to an anonymous man who arrived with a duffel bag of cash—a decision he would later describe as perhaps the dumbest financial mistake of his life. Today, at 32, Bowe is a Zcash cofounder working on a considerably larger problem: how to make encrypted money work for billions of people. Outside cryptography and Zcash circles, almost nobody knows who he is. That may not last. Bowe—@ebfull on X—was Zcash's first engineer. He implemented zk-SNARKs for the original network, wrote Bellman, helped create Powers of Tau, helped make shielded transactions practical on phones with Sapling, and then co-invented Halo, the recursive-proof construction that showed zero-knowledge systems no longer had to depend on trusted-setup ceremonies. Now he is working on Tachyon and Zakura: an attempt to solve the next set of obstacles standing between private cryptocurrency and global payment infrastructure. His X account provides an unusually direct record of that work. It does not read like an influencer feed. It reads like a laboratory notebook interrupted occasionally by sermons about encrypted money. There are no routine price calls. Instead there are folding schemes, private-information-retrieval parameters, formal verification, wallet architecture, quantum threats, all-nighters spent on recursive proofs—and occasional declarations that Zcash is humanity's first mathematically fungible asset. Roughly 10,000 people follow him. He follows only a few hundred. That feels about right. Bowe generally writes for people who already know—or are at least willing to learn—what a pairing-friendly curve is. But the individual inventions are not really the story. There is a pattern running through Bowe's career. Sean Bowe has spent essentially his entire adult life removing reasons that private cryptocurrency supposedly cannot work. The objections have changed. Trusted setups are unavoidable. Shielded transactions are too computationally expensive. Private wallets cannot synchronize without leaking what their owners are looking for. Privacy cannot scale to payment-network throughput. Nobody can be certain a hidden pool hasn't secretly created money. Quantum computers will eventually break today's cryptography. Again and again, Bowe's response has been less an argument than an engineering project. The Unlikely Origin Story Bowe did not arrive through the conventional academic pipeline. He has described himself as a high-school dropout who was extraordinarily fortunate to find himself contributing something meaningful to cryptography. He encountered Bitcoin young, during the period when cryptocurrency was still small enough that participating in it could mean entering a genuinely strange experimental economy. More than a decade later, his attitude toward ZEC is strikingly different. Bowe has said he has difficulty imagining selling ZEC simply to "take profits." The leverage he wants from the asset isn't primarily financial leverage. It is the ability to continue building the system. He agreed to join what became Zcash around October 2015, shortly before his 22nd birthday. Part of the attraction was Zooko Wilcox. Wilcox belonged to an older lineage of cypherpunks and digital-cash experimenters. He had been known to Satoshi Nakamoto and had spent years trying to make private digital money practical. For a young programmer who had discovered Bitcoin early, joining him meant entering a project attempting something Bitcoin had deliberately not solved. Within a remarkably short period, the high-school dropout who had once exchanged Bitcoin for a bag of cash was helping build some of the most sophisticated cryptography ever deployed in a monetary system.
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À Block 🛡 retweeted
Dostoevsky writing to his brother a few hours after nearly being executed by order of Tsar Nicholas I.
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À Block 🛡 retweeted
Btw, ZEC is an AI stock. More AI means more agentic blockchain analysis, and Zcash is the root supplier of onchain opacity.
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À Block 🛡 retweeted
Replying to @cburniske
Bunch of things coming together for zcash roughly-simultaneously: - two halvings in, high inflation rate supply overhang is gone - most of the 1st two epochs' founders/dev rewards have likely been sold through over the years - shielded pools are finally usable, and they end up locking-up supply - quantum recoverability deployed; zcash has one of the best quantum roadmaps - post Ironwood, zcash now clearly a leading project (& not just within crypto) on AI-security and formal verification - privacy in renewed focus due to AI - socialism & wealth taxes driving attention to financial privacy & unseizeable assets - wallets with good ux, plus usable crosschain tools like Near Intents make holding/using zec practical, finally Lotta people (including you) saw the potential a decade ago. There were just a bunch of practical roadblocks that took time to work through.
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À Block 🛡 retweeted
Zcash fought valiantly in round one of the AI security apocalypse! Discovered a nasty bug *ourselves*, fixed it, sealed the pool, and then mathematically proved that it couldn't happen again. Now, as a bonus, no reasonable argument remains that it was ever exploited. gg wp
BREAKING: Ironwood is now the largest shielded pool on Zcash, overtaking Orchard. 1,904,394 ZEC is in Ironwood - roughly $955M - eleven days after activation.
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