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  • Vlad, Bitcoin Tak...

    1天前

    Bitcoiners like to talk about persistence, proof of work and low-time preference

    Zcash has been building for 12 years: first as a soft fork to improve Bitcoin’s privacy, then as an altcoin in 2016

    The devs stuck around all this time making the protocol more scalable: they started from the state of the art privacy, then refined it to remove the trusted setup and make the protocol work on mobile phones

    The devs are all OG bitcoiners who, instead of virtue signaling about HODLing and never spending a single sat, built the tech stack that can fix many of Bitcoin’s problems. You can find the Zcashers on the Bitcoin dot org page in 2009, in Blockstream’s 2015 sidechains paper, and in lots of old Bitcoin Talk threads

    Today, Zcash exceeds all initial expectations and it’s only gonna get better with Tachyon (scaling to billions of users), shielded assets, and more!

    If anything, every bitcoiner should love Zcash and buy at least 1 ZEC to support the effort of the team. After all, this is still the Zerocoin protocol that Bitcoin can add as a soft fork any time privacy gets taken more seriously.

    Going back to persistence, proof of work and low-time preference: don’t you think these guys could have made more money if they gave up on Zcash and invented a new altcoin for every iteration which improved upon the limitations of the old protocol? They’re already at version 2 or 3, about to enter a new era once again.

    Heck, if they just held their bitcoins instead of building anything they could have been much richer.

    But Zcash is playing the long game – and the beautiful part is that today, 9 years after the mainnet launch, it’s finally getting the recognition it deserves.

    Low time preference and persistence aren’t only about HODLing through a beat market only to get richer 4 years later. They’re not about creating silly narratives about utopian lifestyles.

    No siree, low time preference and persistence are about showing up even when you’re getting your ass kicked by the market and you become the laughing stock of the industry for discovering an inflation bug.

    They’re about shipping better code even when the incentives don’t align and you could make more money working on another project.

    They’re about following a vision for nearly a decade and never settling for something mediocre.

    Zcash delivered the moon math – and now deserves to board the spaceship to the moon!

    I recommend to all my friends to skip a bitcoin DCA and buy at least 1 ZEC. Not only for the USD gains, not just for your personal education about this tech,but to show support to Bitcoin’s unspoken heroes who have been building the ark that will one day save the Bitcoin network from censorship and surveillance.

    To those about to ZEC, I salute you 🫡

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