Hey, everyone, I just purchase a cypherpunk zero not even a whole 24 hours ago. I was writing because I love to help out in any way possible. Iām already familiar with the Daos and Cosmos as well as stargaze, ecosystem I had a Dao up for a year now hoping to add some NFTs to my treasury pool. Iām excited about hearing that Zec bringing the NFT project to Cosmos and my question is do I have to repurchase the NFT that I just bought once the project migrated over to Cosmos/stargaze. I support the move stargaze need more blue-chip NFTs.
1 Like
That sounds like a good idea.
I mean general sales
Of course, hacked nfts are exceptions
Iāll add that information
It would be interesting if there were NFTs, indigent contracts on Zcash. fees could be proportional to complexity.
there has to be some limit at least per wallets. or someone could jsut buy it all in one go. 
3 Likes
Thatās a good point
1 Like
12 would be a good number.
as an owner of these NFTs - it seems stupid to make such a huge over reaction to the hacking. part of crypto is the risks of stuff getting hackedā¦ we all know this
splintering out the cpzs and trying to subsidize the people who lost their NFT to a hack is the wrong way to go about it all cause it isnt fair to everyone who wants the collection to stay as-is how they original bought into it.
Nobody who originally, or in the future, buys Zeros wants them to be stolen. They expect they are buying something thatās theirs to hold/sell as they please.
Staying as-is means accepting that ECC doesnāt have control of the smart contract to patch this or future vulnerabilities.
So unlike a normal NFT collection whoās maintainers can fix stuff, the value of these original Zeros will always be tainted by the fact that they are tied to a broken contract.
Ironically, the fact that the original smart contract canāt be altered also means it canāt be taken down or modified. So the original collection will likely live on in itās broken state indefinitely.
2 Likes
hello, I think migrating the NFT collection over to Stargaze would be good. The community can Deposit the NFTS into the DAO to Prove ownership of the NFT. Then create a cypherpunk collocation for the cosmos hub to mint a sub-DAO can be used for that collocation for the newcomers.
why not just duplicate it onto every other NFT platform in existence. whats the point at only making one fork out of the original collection? setting a bad precedent to bailout a small subset of people who got hacked at the expense of the entire collection being able to stay on the number 1 NFT platform.
where to even start at this statement lmao. are you the owner of the NFTs or something here???
I dont want anything to get stolen, nobody does. its stupid to use a word like want. moving the entire collection to a different platform filled with entirely different users also breaks the assumptions of most of people who got onboard in the first place. if these NFTs were launched on AVAX or Solana originally i wouldnt have even touched em.
like I said at first this is crypto weāre all here taking on a lot of risk doing anything beyond something simple like using Robinhood to buy bitcoin. weāre talking about a tiny NFT collection created by a contractor team and most of the supply were airdropped for free. we all knew that there was risk involved here. its flat out dumb to change the entire collection and where it lives this late in the game after so many collectors got involved. it breaks a social contract to do a half baked bailout like this just to try and make whole a few dozen people that lost a couple thousand dollars of NFTs.
maybe if you really believe that a bailout is ethical, then just write a ZCG grant asking for enough funding to buy back the stolen NFTs to return them to the old owners that got exploited. and ill add a last thing its stupid of me and the whole thread here to be so worked up about these NFTs because theyre basically worthless right now. its not like were talking about bored apes getting hacked.
zcash project has a ton of work to be doing to help zcashers. lets try and keep focused there for a while
That is a good thing. who wants ECC to be in control of everything? since when is the ECC supposed to be running around doing Ethereum NFT smart contract maintenance??? why even act like we believe in decentralization here if we cry about stuff not getting controlled by ECC
-
Nobody is ābailingā anyone out. Itās a re-issuance on a different platform, taking into account who held what at a certain point in time.
-
ECC isnāt issuing the new set, itās from the ZecHub group
-
The contract is still broken, nothing is stopping the hacker from using the exploit again to take more Zeros.
-
The old set will continue to live on ETH indefinitely, as I said you can keep the old broken Zeros as long as you want.
4 Likes
its a bailout because it is changing everything about the original NFT collection, changing it, such that a tiny minority of victims get made whole. thats what a bailout is. no need for smoke and mirrors about this.
thanks for your feedback, the way you talk about it this is already a done deal? was there a vote or anything or are you just putting up your strawman solution ideas? i never noticed until now that ZecHub has control of the CPZs
can you explain why you keep saying the word broken? that doesnt make sense to me, is there some technical definition for broken NFTs cause from my understanding hacks are everywhere and its basically part of the game. trying to bailout everyone that got hacked is gonna be a constant unwinnable fight isnt it
1 Like
Why not just wait to mint them with ZSAs? That would be the proper solution, IMO. Makes more sense in the fact that ETH was always the ātempā chain to mint them on until they could be on Zcash.
And Iām saying this as someone who thought this whole NFT drop was an insane distraction and massive joke.
5 Likes
ZecHub does not control or own any CPZās. We were only asked to find a path forward.
4 Likes
ā
&
The exploit is still active. ie: the smart contract is still ābrokenā.
ā¦
ECC already took the snapshot and is working with @squirrel from ZecHub to come up with a solution.
Agree, it would be a great first use case for ZSAs, private NFTs would be super cool. Unfortunately itās not until Q1 next year that ZSAs can be deployed on mainnet (according to the current ECC timeline).
6 Likes
thanks for filling in the blanks. with the decisions already half made like this, iāll put it out that I want to keep the collection on ETH if it cant be put into ZSA when that is deployed. jumping across to a whole other NFT platform is a burden, is there any talks or were there every any talks about redeploying a fixed contract on ETH??? with the stolen NFTs returned and the contract code fixed
1 Like
do you want to pay the ETH fees?
it will get worse during bullmarket.
paying over $30 at current market to buy or sell nft worth $100-300 is not great for UX iwo.
Also, what happened to the wallet controlling the contract, ECC lost access to it? whos responsible?
3 Likes
Iām just hearing about this now, itās weird that the hacker only took my rare ones lol. I donāt really have any ideas on how to fix it, but I always thought this would eventually move over to the electric coin timechain. I thought they were only on Effereum temporarily.
Now I want to buy some more, but I have no clue which ones got stolen. What if the people who got hit get whitelisted for the second official NFT on ZEC, while still keeping what theyāve got?
Anyway this sucks lol
1 Like
I own a lot of rare CZ NFTs and the idea of moving to some cosmos chain is very strange and bizarre to me. The project was supposed to be a reminder of alignment with Ethereum, not cosmos.
With the recent upgrade (dencun) of Ethereum, the fees for minting NFTs (or any complex operation) is lower than on Solana.
Why not choose Etheruem again, trading of NFTs will move in this cycle probably to Blast L2, OP or Arbitrum, we donāt know yet, but fees will be lower.
CZ NFTs must survive, theyāll be extremely valuable in the future where ZEC finally shines. But donāt push it to some obscure altL1. AltL1 are even more obscure now that we have EIP4844 (blobs) on Ethereum pushing fees on L2s lower than on Solana.
6 Likes
*fees on L2s are / will be about 0.01ā0.0001 even for complex operations like minting NFTs or swapping tokens.
4 Likes