Honestly, this exploit against Zcash is objectively so BAD for their holders.

I see only two possibilities, both game-ending:

1. The exploit was used in the shielded pool and there are now nearly infinite coins in circulation with no way to accept payment…

The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen.

Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M…

Sentiment couldn't be worse, everyone is dying
Usually these are the times in which I'd get ready to buy a lot

But nowadays I'd have to worry about 5 Saylor ponzis 100 ETFs and get AI exploits while doing it

Seems like such a hassle, give back the simple…

so you're telling me the guy who patched the zcash exploit had the chance to mint a couple billion free zec right before the fix and we're just supposed to assume he didn't

update on zec: i’m out. fully.

green on the trade overall, and still not happy about how i played it.

sold 70% around $410 last night and the last of it this morning around $320. here’s where my head’s at, because that’s the whole point of this account.…

The risk/reward of putting your capital in crypto has never looked worse.

Not only are returns getting compressed, but AI is massively increasing the attack surface for hacks.

Crypto is no longer the best place on the internet to achieve financial freedom.

Near-term BTC price action is going to be heavily dependent on one thing:

Did Saylor sell enough BTC this past week?

If he sold zero, that’d be a massive mistake on his end and we’re probably cooked.

If he sold $1B of BTC, that helps, but realistically…

A guy calls his broker and asks about egg futures.

Broker says they’re at 25 cents.

Guy says, “Alright, buy me 100 contracts.”

A week later he calls again.

Broker says, “Good call. They’re at 35 cents now.”

Guy gets excited and buys 1,000 more.

Few…