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jimmy
@illmatic.eth
unpopular opinion: zcash is undervalued
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thoughtcrimeboss
@thoughtcrimeboss
What is your reasoning for this unpopular opinion?
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jimmy
@illmatic.eth
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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janusz
@janusz
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.
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jimmy
@illmatic.eth
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
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ZKPay.Finance
@zkpay
https://mirror.xyz/natanetwork.eth/u8HyVRNugDatY7PvGIb5kg_u10XCjXeo5wapS9SLh_M A privacy bridge is a better design by connecting all chains together to the same privacy pool.
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