Replying to @Cryptopathic
this year alone: formal verification, block time speedups, PIR, quantum recoverability, and an entirely new node client
tachyon and full quantum proofing on track this very second!
this shows that "ossification" is empirically and demonstrably incorrect. there is absolutely zero argument there.
"if idea that I like doesn't get accepted by the node operators and devs, then it's ossified" is a false and emotional frame
zcash adds, evolves and upgrades plenty -- and is arguably top 2 in all of crypto right now on this specific dimension
BTC2 retweeted
It'd be a mistake to kill only one part of the dev fund.
If dissolved, then no half measures, dissolve it all, both the ZCG and coinholder streams. The coinholder stream accrues ~216 ZEC a day until the halving. Same problem.
Part of the reason for ZCG funding until the current ZIP was a governance balance. Part of it was to provide speculative funding for ideas that needed incubation.
Coinholder grants were a bridge away from direct funding when funding was scarce. It served its purpose.
If dev funding is no longer needed, a better market signal is the retirement of the entire fund. A half measure leaves the door open to ongoing debate and politics. Markets like certainty.
Redirect both streams to the NSM through the halving, as Sean's draft does for ZCG. ZCG honors every approved grant, then sends the rest to the NSM.
One proposed exception is a one-time endowment for a legal defense fund for Zcash developers, decided by coinholders.
Note: ZODL recently received a retroactive coin holder grant (non ZCG) for core protocol work and will apply for future grants if the fund still exists. My argument for a full, rather than partial retirement would eliminate that potential source of funding.
Discussion thread on the forum: forum.zcashcommunity.com/t/e…
It's time to turn off the ZCG funding stream.
ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding.
Draft ZIP:
github.com/zcash/zips/blob/e…
BTC2 retweeted
good read for what might come next:
emanueleviola.wordpress.com/…
BTC2 retweeted
It's time to phase out ZCG.
Coinholder money should be coinholder controlled.
forum.zcashcommunity.com/t/e…
Qiao Wang Explains Why Zcash is Bitcoin's Ultimate Hedge Against Quantum Risk
“Over the next 5 to 10 years, we're going to get a quantum FUD moment every other week.”
“Zcash is basically Bitcoin that adapts. It's agile.”
“Bitcoin doesn't change, while Zcash has a team capable of releasing new upgrades.”
“The threat today might be quantum, but 20 years from now, it could be something else.”
“The hope is that Zcash will continue to adapt to the latest threat.”
BTC2 retweeted
It looks like the debate over the Dev Fund and ZCG is heating up again. Seems like a good time to reshare my thoughts on the topic.
It's time to turn off the ZCG funding stream.
ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding.
Draft ZIP:
github.com/zcash/zips/blob/e…
“who should we lay off first”
CEOs:
BREAKING: Microsoft, $MSFT, is offering buyouts to 60,000 workers as part of the company’s efforts to cut costs amid AI adoption, per Bloomberg.
Personnel on select teams in the US, Canada, India, and the UK at a vice president level and below will be eligible.
This reflects ~27% of Microsoft's total workforce.
BTC2 retweeted
.@cameron and @tyler on Cypherpunk:
"The goal is to support the cypherpunk ethos and invest in privacy technologies. It started by buying Zcash, but now we're mining"
"We want to foster privacy-promoting technologies. Technologies that promote the First Amendment, the Second Amendment, the Fourth Amendment. American values"
"It starts with Zcash. But really, anything privacy"
BTC2 retweeted
If your Zcash wallet uses NEAR Intents, each swap you make adds your shielded address to a public ledger. A quantum computer could use this to link all your payments that share the same key.
In Vizor, each swap will get its own key to prevent this.
zakura.com/engineering/quant…
Lots of people missed this, I think. Soon, @vizorwallet will have quantum-unlinkable swaps, and it doesn't need to wait for a network upgrade. Yet another way it leads the privacy frontier of Zcash right now.
If your Zcash wallet uses NEAR Intents, each swap you make adds your shielded address to a public ledger. A quantum computer could use this to link all your payments that share the same key.
In Vizor, each swap will get its own key to prevent this.
zakura.com/engineering/quant…
BTC2 retweeted
We are announcing three new discoveries in mathematics, computer science, and physics about harmonic analysis, complexity theory, and quantum field theory.
openai.com/index/building-sc…
BTC2 retweeted
OpenAI has announced to three new discoveries in mathematics, computer science, and physics:
- Local smoothing and the Kakeya conjecture
- The Exponential Time Hypothesis is false
- Existence of quantum chromodynamics and completions of the Standard Model
BTC2 retweeted
GOLDMAN:
“.. we are starting to see clearer signs that the AI impact is spreading beyond the technology sector. .. the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth ..”
BTC2 retweeted
PCBs made in America. Twice as fast as Shenzhen.
Today @CircuitHub is unveiling The Grid, our factory-scale robot in Massachusetts that builds circuit boards on demand.
No changeovers, no per-design setup. Prototypes and production batches, fully automated.




























