Matty Snarks retweeted
All technology must be able to defend itself against attack.
The accelerating sophistication of cyberattacks raises the threshold that every software system must clear simply to remain viable.
This has always been true, but AI is compressing timelines.
Even quantum, a distinct attack vector from AI-enabled exploits, is nonetheless being accelerated by AI.
Preserving capital through this accelerating shift in offensive capabilities means holding assets capable of withstanding a step-change in the hardware and software capabilities that will inevitably be pointed against them.
Zcash is built specifically for this environment.
Zcash is Bitcoin that adapts.
Zcash's privacy protects its users from all-knowing AGI deployed by thieves, attackers, and governments.
It is furthest ahead on post-quantum; $ZEC stored in the privacy pool is already safe from Q-Day.
Even the Zcash PoW long term security budget problem is accounted for.
Zcash's product is safety for your capital.
The more powerful the tools of attack and surveillance become, the more valuable privacy and security become.
I expect demand for safety of capital to be significantly higher in the future.
Matty Snarks retweeted
Great breakdown by Maxime.
Milton Friedman famously described the least efficient way to spend money as spending someone else’s money on someone else.
That’s what the state does, and that’s what ZCG is doing.
Markets aren’t perfectly efficient, and coinholders will make mistakes. But we have not discovered a better general mechanism than markets for allocating scarce resources among competing uses.
The answer to bad capital allocation is more skin in the game, price signals, competition, and accountability. It’s not a committee further removed from the capital it allocates.
The self-reinforcing process where receiving a grant and/or being active on the forums helps you get onto ZCAP, while ZCAP elects ZCG members, is completely unacceptable.
That creates not only perverse incentives but also a huge security problem. A relatively small, self-selecting governance system controlling the allocation of substantial capital is an obvious surface for capture.
Sci-fi money needs to be fair. Otherwise, we can all just keep using fiat.
I’m glad @maxdesalle and others are fighting to preserve Zcash’s fair monetary properties. I fully support @ebfull’s ZIP to wind down ZCG:
Matty Snarks retweeted
this may be my last tweet before shit goes parabolic. i’m not an ai researcher whistleblower. i work for none of the biggest labs in the world.
there is currently a major bloom happening across humanity. they are hiding this from the public.
we are on the verge of an era of abundance, superintelligence, cure for cancer & so much more.
prepare for the best.
I like the differing opinions floating around the Zcash ecosystem and the thoughtful debate that comes with them.
Iron sharpens iron and there’s clear commitment to building the best possible version of tomorrow.
$ZEC
Matty Snarks retweeted
This is a proposal, and proposals are welcome and should be surfaced and debated. Best ideas win.
This one doesn’t have the broad support needed to make a consensus change. I also don’t believe it’s good for Zcash.
Background: here is the initial rationale for considering a move to PoS by ECC back in 2021. zodl.com/should-zcash-switch…
Crosslink (then TFL) was originally intended as a first step toward that transition. zodl.com/the-trailing-finali…
When I returned to ECC as CEO, I stopped our work on it as I believed it was a distraction and wasn’t necessary for mass adoption. Shielded Labs then picked it up.
Adding a staking layer adds protocol complexity and new security assumptions. The finality gain doesn't warrant the risk. Zcash should stay on Nakamoto consensus.
Matty Snarks retweeted
Just got finished recording this
A 1hr40min complete masterclass on the @Zcash roadmap
@zkDragon and @ebfull are incredible. I knew a lot about Zcash already, but I underestimated the magnitude of the challenges being overcome by the zcash devs
tl;dr: zillions
Matty Snarks retweeted
ANTHROPIC's DEPUTY CHIEF INFORMATION SECURITY OFFICER: "as bad as things have gotten in the past 4 days, they are going to get a lot worse before they get better."
Matty Snarks retweeted
Cypherpunk Mining is off to an incredible start.
Excellent fleet uptime and every ZEC we’ve mined, we’ve held.
Matty Snarks retweeted
lmao
it took Zcash devs less than 24h to design against the recent fearmongering
in fact, Zcash will be resistant (on transparent side) by January
$10,000
Here's our plan for quantum-safe, unlinkable, rotating taddrs. Possible with Zcash, today.
While others are worrying about the viability of rotating transparent addresses, we're already solving linkability.
zakura.com/engineering/trans…
Matty Snarks retweeted
SpaceX has arrived.
We announced an agreement to acquire a nationwide low-band spectrum license portfolio that will pave the way for @Starlink to become a major mobile carrier in the US.
With this new spectrum and our Gen2 constellation, Starlink Mobile can ensure Americans have access to high-speed mobile broadband no matter where they are → spacex.com/updates#starlink-…
Attention panicans 🚨
Bitcoin's proof of work has done around 2^96 hashes over all time. Breaking the ZKP's in Zcash requires a minimum of 2^120 elliptic curve operations assuming ECDLP. If you had a dedicated ASIC, an elliptic curve addition would cost around 10-100x more than SHA2.
So today breaking an Elliptic curve would cost around 1 billion Bitcoin-hashrate equivalents. AKA a billion times the hardware buildout of all Bitcoin mining ASICs, dedicated to break this.
If a hypothetical billion X improvement came in, you'd need a chip buildout on the level of bitcoin mining before you can break anything. While competing against all the hyperscalars for fab-space.
AKA plenty of warning time, for a recovery process that takes a couple day response time max.