privacy

What is your reasoning for this unpopular opinion?

I want privacy and the freedom to do what I want, when I want, and where I want as long as I am harming no one. Why is that so much to ask?

an eth L2 privacy pool would need centralized sequencers

a btc zk sidechain has worse problems. drivechain unlikely to be implemented

zcash moving to pos (less sell pressure), elastic subnet on avalanche, halving coming up, etc. currently just above atl. staying listed on cex

privacy in general has been undervalued.

so aztec, which shut itself down once, is now going to be the first private, decentralized L2? i hope thats true. 

zavax will be pegged 1:1 with zec, not sure if thats what you mean

same trust assumptions as any subnet or L2 basically, caveat being shutting down the bridge doesnt affect zcash, but it would kill an L2

some push back

only privacy L2, aztec, will launch with decentralized sequencers + provers. other sequencers coming to mainnet in 24/25. this point isn't true long term.

bridge between zcash and zavax is centralized and economic security will come from an alternative monetary unit. no value accrual to zec.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

Currently: WhatsABI

a centralized L2 is more susceptible to regulatory pressure. same thing as a smart contract like tc

a decentralized L1, especially with some legal precedent to operate, like zcash, is much harder to stomp out.

what's the issue with sequencers if they are trustless and can be bypassed during censorship?

Well idk if I agree about zcash being undervalued or not, I haven't done the research on it and personally I prefer POW chains in general. But what I did do is close my ZEC short at 19.69 and switched it to a long a few days ago 🤔