I told you Zcash is the revenge chain against the current mental derangement in Bitcoin.

Just like Ethereum was the revenge chain for builders who were fed up with the block size war in 2016-2017.

To many investors, Bitcoin is not sound money digital energy banana. It’s a tech stock which promises to accomplish the goal outlined in the whitepaper: peer to peer electronic cash.

If the goalpost shifts from “let’s make bitcoin the ultimate form of money, with contracts, fungibility & quantum resistance” to “Bitcoin is already perfect, let’s fight about jpeg inscriptions instead”, investors will notice and try to minimize their exposure to risk.

So far, Ocean mining has been the most destructive actor in Bitcoin since Craig Wright. The hatred, infighting & division they caused will take years to heal.

Meanwhile, Zcash is just building stuff. It’s technologically interesting, way ahead of its time, but still familiar thanks to its Bitcoin roots.

Zcash is bringing devs on board to work on privacy that scales to billions of people (Tachyon). Zcash is working on shielded assets (imagine stablecoins that are truly censorship resistant because you cannot know who sent them, to whom, and in which amount). Zcash is the Bitcoin we were promised more than a decade ago, refined and improved over the years.

While Bitcoin is dangerously stagnant, Zcash is evolving. And investors love throwing their money at something that’s vibrant and promising.

Haters will point out that Zcash was dead until a few months ago. Well, that’s also when bitcoiners lost the plot. Think about it.

Also, some of the same things that were being said about Bitcoin in 2013 (that it’s persistent, mathematically sound & usable as both a store of value and a medium of exchange) can be said about Zcash too.

There’s a lot of virtue in not giving up… and this industry provides more incentives for developers to pivot to new VC-funded projects. But the Zcash team has been consistent over the last 9 years and honestly deserves this influx of users & developers.

It’s fine to be in denial when confronted by new information. But don’t let any ideology blind you. In 2017, it was infighting bitcoiners who guaranteed Ethereum’s status as the number 2 coin. Eight years later, some of the same names are causing an exodus to Zcash.

There’s also a narrative shift that’s going on, with privacy (something bitcoiners of today fear) becoming more important in everyday life. A decade ago, financial privacy was for paranoid nerds. Today, it’s what billions of CBDC forced adopters need.

Embrace the change, or else stay zidelined and bitter. Either way, you can’t say nobody tried to explain to you what’s happening.