D.I.Y Investing
Crypto Investor Since 2016, Trading Educator & YouTube Creator
Zcash's privacy makes critical bugs undetectable, so a flaw could let someone print unlimited ZEC and dump it unnoticed. Two critical infinite-mint bugs have now been found, possibly more, and everyone is hunting for them with AI; unlike transparent Bitcoin, such inflation cannot be automatically detected. Regulation also leaves no viable path to adoption, since no AML-compliant company can accept it. x.com x.com x.com x.com x.comÂ
Low liquidity could cause sharp downside wicks in altcoins over the coming days. Uniswap at $3-6 and Zcash near $800 are levels of interest for bids. Trader_XO sees Zcash near $800, a call that holds here too; the level is expected before year-end. x.com x.com x.comÂ
ZEC remains worth backing through uncertain AI and quantum threats because its development team has shown the ability to ship quickly enough to adapt as threats emerge; forecasting which cryptographic technology will hold up over medium to long horizons is difficult. x.comÂ
Zcash's trust as a currency is broken after a flaw allowing counterfeit tokens was exposed, and it could be sold to zero. Per @BullTheoryio, researcher Taylor Hornby used Claude Opus to build a working proof of concept that minted fake ZEC through a bug hidden in the Orchard privacy pool since 2022. It was patched June 2, but Zcash's privacy design makes it impossible to know whether fake ZEC was minted before the fix. ZEC fell over 50% in a day, and any rebound should crash again. x.com x.com … Show more
Zcash's privacy makes its supply unauditable, so a counterfeiting bug has left a doubt the market cannot disprove. A white-hat researcher hired by Shielded Labs used Opus 4.8 to build a working exploit for a two-line Orchard circuit bug present since 2022. It was patched within days and never hit mainnet, and the team says no counterfeit ZEC was minted, but that cannot be proven. Unlike bitcoin, ZEC traded verifiability for privacy, and an asset that cannot be proven clean cannot be patched. … Show more
Zcash's privacy is its lasting edge because bank accounts may never become private, while quantum resistance should become a requirement for all survivors. Its public transactions make institutional integration easier than Monero's, giving it a larger potential market. Monero has value and is probably oversold, though FCMP++ has no clear timeline. Institutions' comfort with Zcash could fade if governments clamp down. x.com x.com x.com x.com x.com x.comÂ
Bitcoin's inability to reverse hacks makes decentralization a weakness as AI threats outpace security. Tether halted $1.8B from the Binance hack, showing the value of intervention; exploits take minutes, patches days or weeks. AI may be a greater threat to crypto than quantum, which Bitcoin has made effectively no progress on. New highs look increasingly distant without a Core-governed quantum-proof roadmap; quantum alone leaves today's elliptic curves under five years. x.comÂ
Zcash is a higher-risk store of value because bugs in its proof system have made undetectable counterfeiting possible. Those bugs have been exploited twice, and nobody can verify whether counterfeit ZEC was created. Litecoin's MWEB privacy layer had a validation bug exploited to mint 85,000 counterfeit LTC, showing privacy-focused monetary systems can introduce real security and supply risks. Their privacy can still make them useful for moving funds quickly and privately. x.comÂ
Zcash's crash on news of an Orchard inflation bug was unjustified, and the price looks set to go considerably higher toward $486-527. The protocol's built-in turnstile mechanism verified that no additional supply was created, the bug was fixed before the panic, and the protocol is now more secure, not less. Bitcoin and Ether have had bugs too, and negative news without lasting technical failure is usually reversed within days. In a crypto bear market, this is only a short-term trade. x.com x.com … Show more
Zcash does not deserve the attention it is getting: it is a poor security token that can be controlled and manipulated. x.comÂ