chain whisperer @firstset_ // Before: Product @dune, @meta, @klarna and founder a few times. Made in Barcelona.
Joined October 2007
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1y post launch, ZEC daily USD-denominated issuance reached 3x Pearl's.
And ZEC's issuance was a step function like BTC whereas pearl-2:native is a polynomial decay, which falls much faster (screenshot #2).
There is a lot of room to run.
At $2 $PRL the daily issuance for the network is more than the entire Zcash network.
I am going short at 2.10
Should be 1-3 weeks away, following from comparable examples (L1 tokens requiring chain integration):
Assets added to the roadmap today: Axis Labs (AXIS), Pearl (PEARL), and Stable (STABLE)
coinbase.com/blog/increasing…
…or they start mining something else which doesn’t require them to pivot at all
It already flipped ZEC on hardware cost to reproduce each network's hashrate, but u wouldnt blv it pearl-2:native
If you're wondering whether it's too late to buy pearl-2:native, just go check the orderbook of the most liquid venue:
Welcome to the first page of @coingecko, where it belongs.
Going much much higher pearl-2:native
Solana’s rise came from its positioning as a “pragmatic Ethereum”.
Every day becoming clearer Zcash is the “pragmatic Bitcoin”.
SOL is around 20% of ETH market cap. ZEC is around 1% of BTC market cap.
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…
Recap of Token2049:
- Met many Pearl chads at the Pearl event, and honestly elsewhere
- Learned more about upcoming infra opportunities we will partake at @firstset_
- Caught up with friends and industry partners
- Shook hands with a few of my all time crypto heroes
- Found a few more GPU supplier leads
- Saw Jeff IRL
- Got liquidated at MBS casino
10/10, no notes. See you next year Singapore.
Our cost at @firstset_ is lower than 2.5, hmu if interested.
Got some interest at the Pearl event but I am sure there’s more.
Great insights, exactly what i have seen this week on Pearl.
Lots of funds asking for intros to miners or to OTC huge clips.
Lots of miners feeling like it may be the next ZEC and not selling.
“During the $PRL event itself, i have also seen many funds who are unallocated or under allocated still on this. Given the size of the narrative, i would say that most people are under allocated.$PRL cost of mining is also ~2.5, hence mining $PRL and dumping it is economically retarded or unfeasible. The current crop of miners are those operating with already almost fully depreciated GPU chips. To them, they ignore the opportunity cost of GPU rental and just take the electricity cost as their basis. A lot of the miners also sold down $ZEC below $100... you cannot imagine how much regret they have. For its market cap, this has been one of the largest attention grabbing tickers.”
dingdingding 🎯 $PRL
