Core Insights - Zcash is positioned as a potential successor to Bitcoin, incorporating privacy features that Bitcoin lacks [1][6] - With a current market cap of $6.8 billion, Zcash presents a significant investment opportunity if it gains traction similar to Bitcoin [2] Group 1: Similarities and Differences - Zcash shares key characteristics with Bitcoin, including a proof-of-work (PoW) mechanism and a capped supply of 21 million ZEC coins, with halving events occurring approximately every four years [4] - The supply dynamics that have historically benefited Bitcoin also apply to Zcash, which has seen a 160% increase over the past five years [4] - Zcash introduces privacy features through zk-SNARKs, allowing transactions to remain confidential, contrasting with Bitcoin's public transaction model [7] Group 2: Development and Market Position - Zcash has mechanisms in place for funding its ongoing development, although it remains a small fraction of Bitcoin's overall market size [8]

The price of Zcash has plunged by double digits after the entire team of the Electric Coin Company—which created and contributed to the popular privacy coin—left the company. Zcash is down 18.2% in the past 24 hours to $397.27, according to CoinGecko data. It’s also down 24% over the past 7 days. Zcash had a very strong year price-wise, rising over 670% amid more mainstream interest in privacy coins. In a tweet, Josh Swihart, former CEO of the Electric Coin Company, said his entire team was “constructiv ...

Event Details - A Monero Meetup will be held in New York City on December 19 [1] - The meetup will take place at @PubKey from 5pm to 10pm [1] - The event is organized by @WebWipeMeDown [1] Target Audience - The meetup welcomes all "privacy coin" aficionados [1] - The event is themed around "Privacy Season" [1]

Market Performance - Privacy coin XMR's market capitalization reached $8 billion [1] - XMR posted gains of over 100% in the past year [1] - XMR is approaching its May 2021 all-time high market cap of around $8.6 billion [1] Competitive Landscape - XMR has overtaken ZEC to become the largest privacy coin by market capitalization [1]

grayscale filed for zcash etf after converting gbtc from a 50% discount to $30b in etf flows. market prices zero chance of zec approval despite grayscale's lawyers never filing blind. zec down 25% this week on privacy coin panic. same playbook that turned gbtc discount into billions ...

Privacy Coin Performance - Zcash generated the 2nd highest protocol fees across all blockchains last week, outearning every DeFi protocol except Ethereum [1] - Zcash trading near multi-year lows while generating top-tier fees represents an inefficiency [1] Privacy Infrastructure Development - Ghostpay and Hush Wallet just launched native privacy on Solana [1] - Ethereum Foundation made privacy a "first-class property" of the protocol [1] Market Trend - Transparent chains expose treasurers' strategies, driving demand for privacy infrastructure [1]

Investment & Acquisition - Cypherpunk Technologies acquired 203,775 ZEC at $245 per unit through a public equity structure [1] - The acquisition aims for 5% of the total ZEC supply [1] - Winklevoss led a $588 million funding round [1] Privacy & Market Impact - The company's strategy could potentially remove 30% of ZEC from exchanges, with 5% representing the target supply and an additional 25% remaining in the shielded pool [1] - The initiative marks the first corporate treasury solution for privacy coin custody via stock market access [1] - US entities are accumulating assets that are restricted in the EU [1]

Market Trends & Industry Dynamics - Ripple rejects IPO plans despite SEC victory, stating sufficient capitalization [1] - Jan3 CEO suggests Bitcoin's bull run is yet to begin, with BTC only marginally outperforming inflation as price dips below $100,000 [1] - Privacy coin Zcash ($ZEC) trades above $500 for the first time since 2018, driven by privacy advocacy [2] - Polymarket is accused of artificial trading, with Columbia researchers finding 25% of volume over 3 years was wash trading [2] - CFTC Acting Chair confirms potential launch of leveraged spot crypto trading on U S exchanges as soon as next month [2] Regulatory & Legal Developments - US appeals court rules FBI cannot be sued for wiping a hard drive containing 3,443 Bitcoin (approximately $345 million), in a case involving identity theft [1] - Senate reaches bipartisan deal to end US government shutdown [2]

Security Incident - Monero (XMR) experienced a 51% attack in August, achieved with only 35.7% hashrate through block withholding tricks [1] - The market reaction to the attack on Monero was perceived as treating it like a minor bug [1] - Following the attack, Kraken suspended deposits, multiple exchanges halted withdrawals, and developers discussed abandoning RandomX [1] Market Impact - XMR price dropped 13.8% following the attack [1] - Ethereum Classic (ETC) dropped 30% and Bitcoin Gold (BTG) dropped 50% after their respective attacks [1] - XMR was trading at $260, seemingly unaffected by the security model failure [1]

price go up is niceand fighting each other on whose privacy coin is better gets us some nice imaginary internet pointsbut the real fight remains legalizing private moneypeople are in jail, and bureaucrats are trying to erode our rightsspread the word, cypher/acc ...