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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
And the reason they oppose it, I think, is mimetic, mimetic warfare.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
It's because they say Zcash being encrypted Bitcoin is the winning meme.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
And at least for now, having the winning meme is the most important strategy.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
So we shouldn't add proof of stake because proof of stake is like anathema.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
It's like kryptonite.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
It's like the very opposite of Bitcoin, which is a good argument.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
So I'm trying some jujitsu over here in my corner, which is, yes, you're right.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
Crypto Bitcoin is a great meme.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
And this crosslink thing, I'm going to stop describing it as proof of stake because it's not.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
It's not switching.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
Okay, this cross-link thing, I'm going to describe it as strengthening the 21 million cap.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
There's these things that we've been doing at Shielded Labs, which are kind of all pointed in the same direction.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
They're all pretty nuanced technological things, but they all point in the same direction, which is like sustainability and like robustness, resilience, and in particular, the sustainability and the resilience of the 21 million cap.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
So if we get that accepted by a sufficiently large company
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
consensus of Zcashers, then Zcash will have this unique thing, which I love, which is it's encrypted Bitcoin.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
It has Bitcoin's 21 million cap.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
But unlike Bitcoin, it's credibly sustainable.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
Everyone who investigates will say, yes, I can see how that 21 million cap will endure for the foreseeable future.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
Whereas if you look closely at Bitcoin, it is unclear how that 21 million cap is going to stay in place.
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Zcash Founder on Privacy, AI, and How ZEC is 'Encrypted Bitcoin' | Zooko Wilcox-O'Hearn
I'm wearing a shirt with some symbols on it, and I think they spell Anoma.