Zcash is getting repriced in real time.
Being a Zcasher is easy compared to being a gold bug in the 1980s.
Was there ever a U.S. government shutdown where the debt ceiling wasn't raised?
"No, we are not going to eat the cookies!"
*dancing around*
"Lets eat the cookies!"
Long: BTC, ZEC, XAU
Short: USD, EUR, CHF
Time for plan Z.
NSM in Zcash
- problem: future security budget (tx fees not enough?)
- constraint: 21M cap
- proposal: Network Sustainability Mechanism
- ZIP 233: establish voluntary burn mechanism
- ZIP 234: smooths the issuance curve (adds burned coins)
- ZIP 235: burn 60% of transaction fees
Crosslink proposal
- adds assured finality to Zcash by introducing PoS finalizers
- hybrid PoS/PoW ("defence in depth")
- rooster of 100 stake weighted finalizers (they take fee)
- yield for stakers (40% stakers, 40% miners, 20% dev fund)
- staking from Orchard pool
- 21M cap
ZSAs (Zcash Shielded Assets)
- Orchard extension enabling the creation, transfer, and burn of custom assets (like ERC-20)
- also allows for NFTs
- assets can be wrapped assets (with bridging)
- same anonymity as shielded ZEC transactions, sharing the pool
- no freeze function
Levels of wealth:
- debt
- no debt
- debt
