Congrats to Ulrich, Luke, and Suyash (great cryptographers from StarkWare and Aztec) who are joining Shielded Labs to work on post-quantum research for Zcash!
They're just the latest in a string of high-caliber folks joining Zcash over the past year. LFG!
been thinking more on coherent messaging re: NEAR
let's ideate from first principles:
- the product of capitalism is markets
- capitalism -> markets -> competition -> specialization -> fragmentation
- within the specializations, there will be dominant leaders in each category
- SoV: gold, zec, btc
- trading: solana, hyperliquid, robinhood, binance
- currencies: usd, eur, gbp
- and on it goes: ai inference, private compute, real estate, international stocks, metals, e-commerce yada yada
- this requires connective tissue, which has been traditionally served via something like binance
- but one centralized company can not serve this need for infinite markets. there are too many handicaps, lack of network effects, and singular points of risk and stoppage. this is a rare case of decentralization being necessary. neutrality is non-negotiable for unstoppable global trade.
- now, you may see where I'm going and say: well Ethereum and Cosmos already tried this. but that's wrong. what they tried to do was structurally flawed
- those models required the succeeding nodes (L2s and L3s) to be from within the ecosystem, but that is incoherent since i) you can't force success, ii) if one were to succeed, they would just want to own the platform
- the other model is of course the Solana/Hyperliquid model of having everything concentrated on the L1. this model works. however this requires a high-degree of specialization to be competitive. you won't out nasdaq solana.
- but, NEAR does not need to do this. where there is concentration, there is also the need for connection.
- especially with their chain signature architecture, instead of forcing new internal nodes, they can just discover the successful ones and connect them to each other without ideology (see: NEAR intents supporting ZEC but also ZEC on Solana!)
- importantly, this is PvE and not zero sum. the more markets succeed, the more interesting NEAR becomes, i.e if Solana is one continent, and AI another, and Zcash another, then NEAR is the silk road.
so I think the coherent message for NEAR is:
the market of markets — the capital of capital
was trolled for leading zec listing on solana 1y ago
now it's the top 3 most traded asset on the chain along with several derivative uses in defi
not all things are zero sum. plan to also add a light client between zcash and solana to reduce trust assumptions
zolana
「pakuchi」🛡️₊⁺ retweeted
Replying to @Quanterty
$ZEC does not need another thousand people tweeting about privacy.
It needs millions of people accidentally discovering why privacy matters.
zkSNARKs is showing what that can look like_
「pakuchi」🛡️₊⁺ retweeted
If you bought $1000 Litecoin last year today you would have had $500
If you bought $1000 Zcash last year today you would have had $28,000
“No one was using Zcash, right?”
$ZEC 🔥
「pakuchi」🛡️₊⁺ retweeted
So many people like this guy are experiencing crippling despair because $ZEC is resetting to the price is deserves. Don't be like him.
Today is yet another day you can get $ZEC for under $15,000
「pakuchi」🛡️₊⁺ retweeted
Source code is no longer a moat.
Any code can be quickly replicated.
For Zcash, 10 years of fair POW distribution cannot be replicated.
And now, the software stack on top is shipping and being optimized faster than you can blink.
「pakuchi」🛡️₊⁺ retweeted
Introducing Zakura Common.
We just shipped 14x faster proving, 21x faster hashing, 1.5x faster trial decryption, and 4-8x faster verification.
New releases of Zakura and wallets that use Zakura Common (such as @vizorwallet) will benefit immediately.
zakura.com/announcements/zak…
「pakuchi」🛡️₊⁺ retweeted
Long overdue. Make tokens great again.
We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:
1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any ENA within the last 9 months.
2. Alignment of Token & Equity:
The Ethena Foundation and Ethena Labs have reached agreement on a Master Framework Agreement, whereby IP and ownership of value accrued by the protocol is assigned to the Foundation exclusively and governed by token holders with no residual cash flow due to equity investors in the Labs entity.
3. Revenue Buybacks:
Governance proposal now live for the implementation of the fee switch whereby net revenue accrued across all business lines under the Ethena brand will be used to programmatically buy back the ENA token.
The vote for revenue buyback fee switch implementation is now here, and has already been approved by the Risk Committee:
snapshot.box/#/s:ethenagover…
4. Removal of monthly VC unlocks:
The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens. All team tokens remain locked per the original vesting schedules.
Further details and documentation is provided in the blog linked below:
If the Ethereum community wants to win, they need to heavily embrace apps like @Lighter_xyz
It proves you can build a zk-rollup with CEX speed, millisecond latency and zero retail fees, without exporting security outside the ecosystem
DeFi wins when apps stop compromising on UX


































