Who is up for discussing strategy while the poll is being setup if @amiller allows.
Do we know if they store viewing key? I think it can be easy to check if there is network after I try viewing key (let me try that)
No idea what metrics they keep. Thier privacy score isnāt great though:
Thank you both!
Hey - We power $WZEC at wrapped.com - just wanted to chime in here as this is an important issue to us.
If the t-addr went away, all exchanges in the US would delist and z-cash activity would significantly reduce overnight. Its not as simple as one exchange supporting z-addr and the rest fomo supporting it. Itās actually driven by regulatory comfort and support. For example, there are some countries that cannot support Zcash at all due to the existence of the shielded address option, however there are other countries like the US that are ok with t-addr but not z-addr (in most cases).
This doesnāt mean there can never be, it just means that it takes time to get regulators comfortable with solutions that meet their needs.
I think the t-addr / z-addr solution today has made it really simple for regulators to understand how they can operate with zcash, its the competitive edge against other privacy coins and I think its the right platform and middle ground to enable the best future for zcash.
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Nicely articulated @mason 
I agree with you.
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If they are not comfortable now, the banning t-address wonāt affect them.
I donāt understand this. I thought zcash z-address is FATF compliant
Whatās the competitive edge? is the competitive edge getting listed on exchanges?
If one exchange (Gemini) most regulated exchange can do it, any US exchange can do it. Iām not sure whatās the concern. Monero is listed in bunch of US exchanges (bittrex, Kraken etc).
Just curious how WZEC will work? when only z-addr is available. Does it mean when users wrap their shielded ZEC, they get transparent WZEC?
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Iām not sure if thatās the reason. Centralized Exchanges do AML & they know who is depositing or withdrawing & how much. Can anyone explain why that would be case?
The answer to this, Iām sure, is different for everyone. I think greater usage and transaction volume is success and the t-addr enables that. Because the t-addr exists, weāre able to wrap zec into wzec for use in defi apps.
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Iām sure if others could, they would have done it right away. It is not full, proper support if you look at the architecture, although that does not mean it will never happen.
WZEC will probably not work if t-addr doesnāt exist.
You can wrap z-addr into $WZEC today.
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Just realized WZEC supports shielded ZEC. Can users withdraw to shielded zcash from WZEC? If the capability is already to your users why is not having t-addr a issue?
Yes. It is about setting circumstances & forming rules under which community can stop t2t, then z2t etc
Jack from ECC, Regulatory Affairs:
It is not clear to me why you would want to make zcash worse and less usable under the guise of making it better. If you make it difficult enough, everyone will gladly stop supporting. Right now, its a happy medium.
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How is disabling t-addr making Zcash worse? It is only going to strengthen privacy properties. IIUC, the fear is two parts:
- Regulatory crackdown and less exchanges supporting it
- Missing Shielded multisig
anything else? Iām honestly trying to clearly understand core problems. I disagree that we should be happy with what we have, because we need to strive for better future.
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Iād like shielded multi-sig. Exchanges = distribution and access. Its worth considering the following path:
- sunset of t-addr.
- Massive sell off due to perception from holders that liquidity will go down due to exchanges dropping support. Leads to drop in price.
- Less use cases, and less onramps lead to less usage.
Iām all for optimizing the privacy and Iām a bit of an idealist myself, but am not sure this is the most elegant and well evaluated path.
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So sunset of t-addr can happen when top 10 real volume exchanges support z-addr (one of the hypothetical rules under which it will be deprecated). Iām not sure of price action because Monero seems to go up with its own exchange support (cc @sarang @sgp monero peeps who know about exchange support)
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Nathan summarized many of the core technical problems earlier in this thread:
IMHO, only once all technical hurdles are overcome then we can seriously start setting a timeline to depreciate T-addresses.
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