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Chaɱus
@CheckMateHere
Bitcoin Class of '13. Now a Privacy-By-Default guy.
Joined November 2013
3,794 Following
755 Followers

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Chaɱus
@CheckMateHere
In just 10 months 🇷🇺 managed to: - Make the coming of a multipolar world inevitable - Have 12+ countries (some very important) signal desire to join BRICS - Kill the Petrodollar - Unite emering world "Towards a New Economic Order" "🇷🇺 is much weaker than predicted" he says🤣
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Alexander Etkind
@Sasha_Etkind
5.‘Russia is stronger than many would have predicted’ – What? Exactly the opposite is true: Russia appears to be much weaker than (almost) everybody predicted
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Chaɱus
@CheckMateHere
"It may be dangerous to be America's enemy, but to be America's friend is fatal" - Also Kissinger Chicks will come to roost sooner or later.
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Glenn Diesen
@Glenn_Diesen
Henry Kissinger: "America has no permanent friends or enemies, only interests". Europe will eventually wake up to this reality.
Chaɱus
@CheckMateHere
This lack of disclosure of conflicts of interest by ZF is a serious problem, since these types of situations not being officially disclosed means they are effectively misleading the community, and this should not be permitted. The #Zcash community needs to speak up.
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Chaɱus
@CheckMateHere
It is my understanding that this was another circumstance that was not officially disclosed to the community for evaluation, and given the elements I described before, might seem as a recurring pattern with #Zcash Foundation, which is worrisome at least and scary at worst.
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Chaɱus
@CheckMateHere
Let's not forget that an example of a ZF board member profiting from MIT-licensed R&D funded by the community has already taken place when Ian helped Tezos in cloning Sapling, & received a payment in return, a situation that most likely did not reward ZEC holders in any way.
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Chaɱus
@CheckMateHere
Since the conflict of interest was not disclosed, I feel obliged to ask if these highly visible faces of Zcash and ZF have been engaging with the community under false pretenses through their vocal attempts to drive opinion against community-funded R&D to be licensed under BOSL.
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Chaɱus
@CheckMateHere
It is relevant to highlight now that Eran Tromer, who has been extremely vocal against BOSL, is also a partner at Matt's firm, and one more person, for whom the difference between community-funded R&D getting MIT or BOSL-licensed could have a direct financial benefit on.
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Chaɱus
@CheckMateHere
I'm not saying there is something wrong with Sealance and ZSA’s addressable markets overlapping, or with Matt potentially benefitting from ZF-funded R&D, but this should have been officially disclosed to the community for it to evaluate the situation and somehow, it was not.
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Chaɱus
@CheckMateHere
Matt said there wasn’t a conflict of interest because his company “isn’t a privacy coin”, but the problem is that DeFi certainly is part of ZSA’s TAM & therefor we've a clear example of a conflict of interest derived from Matt potentially benefiting financially from ZF-funded R&D
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Chaɱus
@CheckMateHere
A major point of the on-going MIT vs. BOSL licensing debate is the potential for R&D funded by the community to be cloned and generate financial gains to the cloner without providing tangible benefits to $ZEC or the people who funded said R&D, the ZEC holders.
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Chaɱus
@CheckMateHere
It came to light that board member Matthew Green, founded an org focusing on the shielded capital market through a ZK-based system to help customers use DeFi. The problem is that this overlaps with the addressable market of ZSA’s, for which ZF is funding R&D with community-funds
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Chaɱus
@CheckMateHere
Thoughts on conflicts of interest within the Zcash Foundation (a thread) I fear members of the #Zcash Foundation Board might have been engaging with the community under false pretenses, as well as the negative impact that this will have on $ZEC holders.
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Chaɱus
@CheckMateHere
8. Supply-Proportional Issuance Bonds: ZSA issuer can't mint an ZSA unless they post price-proportional amount of $ZEC to a bonding system. Pros: Scales demand 4 ZEC alongside that of ZSAs, tx's remain private Cons: relies on escrow & brings problems similar 2 oracles
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Chaɱus
@CheckMateHere
7. Scarce Asset Type Creation Rate Auctions: Here permanence of ZSAs would allow their continual use & not incentivise rapid removal from the chain Pros: None Cons: Increased computation costs 2 miners due to expanding types of ZSA's + no lasting security incentives
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Chaɱus
@CheckMateHere
6. Scarce Active Asset Auctions: There's an interval 4 which limited number of asset types are allowed 2 be transacted. Parties wanting an asset 2 be active post $ZEC bids 2 activate asset type during interval Pros: None Cons: Incentive for bidders 2 free-ride on other bidders
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Chaɱus
@CheckMateHere
5. Transparent Direct- Transaction-Volume-Proportional Fees: Proportional fee in ZSA units is paid & used as a block reward to miners Pros: Does not seem to have any Cons: Fails to extend privacy property right to ZSAs, making ZSA's pointless
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Chaɱus
@CheckMateHere
4. Private Transaction Volume Proportional Fees: fees in ZEC are proportional to the amount of ZSA being sent in tx Pros: Relies on burning $ZEC which increase value of remaining supply Cons: Relies on price oracles, miners only get incentives when ZSAs are transacted
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Chaɱus
@CheckMateHere
3. Shielding Hosting + Mandatory ZEC market buys: Similar to previous but fees are automatically converted at some rate to ZEC through a Zcash DEX Pros: More mangeable overhead for miners Cons: Need to rely on price oracles, ZEC liquidity providers & fosters arbitrage behavior
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Chaɱus
@CheckMateHere
2. Shielding Hosting: ZSA's pay fee equivalent to the dilution of ZEC holders. Fees are cumulative while assets remain shielded Pros: Fairness between ZEC holders & ZSA holders Cons: Incentivises quick ZSA redemption & complicates overhead for miners + tx's might get censored
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Chaɱus
@CheckMateHere
XMR Advantages - Superior PoW algorithm - Superior community - Wider adoption (so far) - A lot less hate from CT masses - Noble cause ZEC advantages - Superior cryptography - Willingness to do marketing - High visibility peeps shilling it - Self funding - Exchange listings
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Chaɱus Retweeted
aiya`dt🛡
@aiyadt
Replying to
@jswihart
Simply assume every transaction on a transparent chain (like BTC/ETH) to be one's open financial and property record available to all friends, foes, domestic & international governments, every border crossing customs, customer support & baristas having live access to your moves.
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Chaɱus
@CheckMateHere
Seems that a kickass CCS to improve the quality of #XMR's messy code base is finally coming And authored by a true #Monero OG, our very own
@tweetingpauls
This type of proposal has been badly needed for a long time, so y'all better get ready to cheap in!
github.com
"No Wallet Left Behind" - Make Sure Our Wallets Survive the Fork to Monero 2.0 · Issue #8157 ·...
"No Wallet Left Behind" - Make Sure Our Wallets Survive the Fork to Monero 2.0 The Short Version If things proceed as currently planned Monero will, maybe sometime in 2023 or 2024...
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Chaɱus
@CheckMateHere
This here is baseless wishful thinking XMR is ultra niche, a functioning privacy coin (ie shielded Zcash) spending enough money on marketing could dethrone it with little effort Is insane to think a coin with 30k tx/day & less than a million holders could not possibly be beaten
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ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ
@DontTraceMeBruh
If a new coin were to take Monero's spot, it would need to do much more than just be more private. It would have to be game-changing enough to warrant holder migration of wealth. Being more private than something that is already untraceable and used in DNMs won't cut it.
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Chaɱus
@CheckMateHere
If you are worried about Fluffy having (potentially) been compromised by the US government during his jail stint and subsequent miraculous release (as it is more than reasonable to believe) you should really stay away from MyMonero. Do not touch that app with a stick. t.co/pZ3TQ14OAl
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