🚨 A great day for financial "freedom"! There are rumors that Zooko has his gift ready for the meeting with the SEC: KYC onchain in Zcash and the change of the ticker of its "almost fungible" token $ZEC, which will be traded under its real name: $SEC. All for a nice "gesture of goodwill." 🤝 But don't panic, KYC will be entirely optional. You know, like privacy in Zcash: it's there, but almost no one uses it. After all, who needs anonymity when you can voluntarily comply with regulations? 😉 #Zcash #ZEC #SEC #PrivacyIsOptional

It’s like buying a military stealth submarine and bragging that its most revolutionary feature is the ability to surface and fire off flares so the tourists know exactly where you are. 😂 👇🏻

CONCEPTUAL ERROR: COMBINING TRACEABLE AND NON-TRACEABLE OPERATIONS You don't need to be a developer to understand the idea: you can't mix a TRACEABLE transaction with a NON-TRACEABLE one because the data and metadata will leave a huge vulnerability for privacy. It's the same as when you buy XMR on a CEX with KYC and then send it to your non-custodial wallet. Even though the Monero blockchain has a strong native privacy protocol, your funds have a very clear previous trail, even if it is later lost. Data and metadata remain on that trail: access logs, IP, withdrawal amount, and transaction hash, linked to your identity. Imagine you walk into a store full of cameras (the CEX) and buy an anonymity mask (Monero) using your personal credit card (KYC). The problem: Even though the mask works perfectly and no one can recognize you once you put it on in the street (Monero Blockchain), the store has a record that you bought that specific mask. The consequence: If someone investigates the store's records, they will know that you have the mask. They cannot see what you do with it afterwards (future privacy), but they already know that you have it and how much you paid for it (the initial trace). Anonymity is not retroactive. Here's an example, now with technical details 👇🏻 ZachXBT exposes a privacy vulnerability in Zashi's integration with Near Intents for Zcash, where refunds to transparent addresses link shielded funds with unshielded funds, allowing de-anonymization by matching amounts and times.

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ZachXBT (@zachxbt) on X

1/ As part of my work I like to test out privacy products and figure out what works and what doesn’t so I can abuse any design flaws for my inves...

I have published a new chapter of my book: Understanding The Information Age. The Sovereign Individual. Chapter 4: Politics and Digital Governance Athens was the cradle of democracy, born in citizen assemblies of the 5th century BCE. The Greeks distrusted power. Instead of manipulable elections, they designed a system where chance, not influence, decided who would serve the people. Randomness as an antidote to control. The kleroterion was the first governance algorithm, though analog. Today, sovereignty is measured in computing capacity, control of data, and digital infrastructures. The representative democracy is already obsolete. It is moving toward obsolescence, becoming a representative democracy governed by algorithms, an irreversible detour toward a technocracy that will redefine everything. The shift from randomness to calculation reshaped democracy: from citizen sortition to algorithmic scoring. Perhaps the kleroterion was not a relic but a warning: without transparency, no algorithm is democratic. You can read this chapter of my book here: https://medium.com/@liberlion/understanding-the-information-age-the-sovereign-individual-chapter-4-3564536e508b

Tech corporations will consolidate their position as transnational states in the new world order of this century. Tech oligarchs will be the new masters of power. #Technocracy