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Jimmy
@zkp
unpopular opinion: zcash is undervalued
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thoughtcrimeboss
@thoughtcrimeboss
What is your reasoning for this unpopular opinion?
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Jimmy
@zkp
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.
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shazow
@shazow.eth
what's the issue with sequencers if they are trustless and can be bypassed during censorship?
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Jimmy
@zkp
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.
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