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Ryan Sean Adams

๐Ÿ‘ค Speaker
1143 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

So now we're in the third four-year period.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

So there's something on the order of 2 million Zcash coins that are going to get issued over the next four years.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

And 20% of those are going to this dev fund.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

So at a price of $400, let's just say for simplicity, Zcash is worth $400 a coin for the next four years.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

That's going to be about $200 million is going to be issued through this dev fund thing.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Whereas back when it was worth $50 a coin, that would have been $60 million or something.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

I don't know.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Anyway, my point is that's a lot of money.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

And that's...

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

That's what's so encouraging to me about the price of Zcash going up.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

It proves that people value this, and it means all those recipients of the debt fund are going to be more numerous and more high-powered, more empowered, more well-fueled for years.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Positive feedback loop.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Let me add one more thing.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Yeah, it's a positive feedback loop.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

Let me add one more thing.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

I personally and my organization, Shielded Labs, are not one of those recipients of the Dev Fund.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

I work for this company called Shielded Labs.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

I'm not even the boss of it.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

The boss is Jason McGee and he's awesome.

Bankless
Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn

And Shielded Labs only focuses on Zcash and we think the Dev Fund is great and important and a central sort of strategic advantage of Zcash long term.