i’m throwing this out here as a long time disgruntled zcash believer… but ive pivoted a ton of my investor focus into memecoins in the past year or so cause i was starting to read the writing on the wall in a sad way… so here we are right? zcashs tech foundation is solid but since nobody ever got rich from investing in the project then nobodys ever gonna become long term adopters let alone evangelists.
so that ramble aside I’m putting this out here cause it really struck the chord in my mind about what the future holds for winners and losers in crypto.
if zcash never figures out how to become a memecoin and it never makes everyday investors rich, then the entire mission is gonna be a slow motion flop which is what i think the past 8 years are in laymans terms
i shouldve given more details in my first post about what i mean here. like i’m saying i’m a long term disgruntled zcasher and we all know why cause we all have the same story. we believe privacy is a massively important feature for blockchain money… right? well zcash as a tech stack has done great at building privacy but thats not enough for mainstream adoption. people need to be getting rich along the way so they can tell stories and onboard new zcashers. the privacy meme is too theoretical to make anybody rich we’ve got 8 years of evidence already. when i say lets make zcash into a memecoin what i really mean is that we need a way to get ZEC traded on the meme exchanges like Dexscreener Geckoterminal Pumpfun etc. crypto cycle interest seems to never revisit old themes… L1 altcoins and ICOs were an old 2017 theme thats never coming back, NFTs and DeFi are a 2021 theme probably never coming back, now its going to be the memecoin cycle which after the bubble pops itll also never come back. zcash has got to try and be ahead of the curve and pitch itself as a meme, not as some theoretical L1 purity test. so i’m saying that we need to keep the same old mission because its the right mission but to have a chance at relevance this cycle we gotta embrace the meme mindset.
okay then pull up the ZEC vs DOGE chart since the launch of Zcash lmfao. you obviously didnt listen to Murads talk (?)
I agree with you… were at the brink of being qualified to call ourselves a cult:
i kinda agree. maybe with avax bridge it becomes kinda possible? we probably cant get native ZEC trading there. but some ZEC that can be bridged back to real ZEC and shielded
So how does that get realised? Without turning zcash into a pump and dump hype machine?
I dont think it can be done, and long term reputation is far more valuable than that IMO.
Zcash is a completely different breed of project to many, and gains need to be built on the back of utility, but up to this point, it hasn’t had all the tools to prosper in a multi coin universe, but that is changing, slowly.
yes. it is fundamental human right, but its also a meme. big meme.
look up definition of meme:
meme
/miːm/
noun
(philosophy) Any unit of cultural information, such as a practice or idea, that is transmitted verbally or by repeated action from one mind to another.
(philosophy) A self-propagating unit of cultural evolution having a resemblance to the gene (the unit of genetics)
what im suggesting is what dartz did also, getting ZEC somehow listed on the meme exchanges. this idea isnt about changing zcash its more just like a new concept about how to increase popularity. all the crypto attention is on memecoins these days, alt-L1s are becoming yesterdays news. utility coins just arent a thing, and even if thats the belief youve got then id argue all the relevant utilities are already taken arent they? Ripple took bank to bank transfers, ethereum and solana took programmable L1s, Bitcoin is SoV, Litecoin took over on faster bitcoin, Monero took over privacy, USDT and USDC took over stablecoins. Crypto is a fairly old tech sector nowadays so battling in gets harder every year for zcash, especially like I said before since nobody ever got rich from Zcash… theres no positive or hopeful stories told about zcash, actually its basically the opposite, the only stories I ever see about Zcash are about how much money people lost in it and how much the laugh at it. Zcash as a memecoin is just an idea about how to try and read the direction that the wind is blowing right now. Memecoins are where a ton of the attention is so were just digging our heels in further if all we got are people sharing copy pasta about “Privacy is a Human Right” it sounds like a Law 101 chapter from a textbook not a meme where people are having fun trying to get rich sharing pictures of cute kitties.
you’re overthinking this way too hard. not to mention that its a bit silly to stand up tall behind the statement about fundamental human rights, but then look at the real zcash implementation and you see only about 1:9 transactions even have privacy. its a transparent chain being pitched as a privacy chain… this is a whole other topic altogether.
I strongly believe that the First ZSA must be a meme coin.
I’ve believed that before that video everyone is posting everywhere came out.
The “great thing” about the meme coin video is the narrative of “perfect marketing” that it has. It reminds me of the Zodiac sign prediction of the magazines that used to come with the Sunday newspaper many years ago. You could pic a zodiac sign randomly and say “Oh, that’s SO me”.
That’s something to learn for anyone wanting to make something “massive”. Your “common denominator” must be huge.
Yes exactly. and this is why Zcash needs more than only the privacy sales pith… cause although us true believers understand its critical importance, we sadly might be a small majority of global crypto users or possible newly onboarded normies… dont put all of the eggs into one basket as the wisdom goes.
Somehow I’m not a big fan of memecoins. To me they look like well organized psyops to divert attention (and liquidity) from projects that really matter in the space.
its not going to happen soon, and its gonna happen in the wrong context… memecoins are on ETH SOL and BASE not Zcash.
so even if theyre somehow theoretically possible on Zcash in a couple years its not gonna matter because at that point users satuaration on the main couple memecoin L1 networks is already gonna have a huge moat.
think about why its basically impossible for dumb new social media platform launches to take share from Facebook Twitter Youtube etc… its cause the herd of normal users get comfortable and stay comfortable
same is true with assets and markets whatnot. Zcash showing up to the memecoin world 5 years late is probably pointless as you say. they did the same thing with NFTs last cycle with equally horrific results.
my point here is that ZEC needs to be somehow put into an ERC20 or whatever SOL and BASE can do with cross chain interop. becoming a memecoin is about getting into the attention economy of the moment in a way that is materially connected to ZEC.
i just noticed this lol. gotta give you a high five for making one of the more illogicl sentances of the year. we should do the opposite lol… create Zcash value by making ZEC actually do exactly what we already know everyone is achieving right now. why try and reinvent the toilet when we already know exactly what everyone on the planet is comfortable with, using daily, etc theres a reason why some products are unchanged in the past century
sorry if it feels personal its not personal. there is some density to chip away at in this forum. Zcash is fighting for social relevance and attention in crypto… memecoins are one of the most obvious trends of this cycle not privacy. so unless we want to keep our heads buried in the sand we gotta figure out a means to claw in some of the easy attention. getting ZEC somehow into relevance on the meme stage is the route. maybe you feel too ideologically pure to dabble in memes… thats your choice. what the idea here is is about global crypto cycle relevance. memes are the obvious trend so we’re just being lazy stubborn or stupid to ignore it god forbid to be bashing it. this is not about price, this is about social relevance and attention
Not even trying to be a Monero shill, but why would people use Zcash when the privacy feature is so difficult to use in most wallets. It’s just not servings its intended purpose. If privacy were built in like how it is in Monero, I’d increase my holdings 100 fold.
It seems like Zcash could care less about retail and only cares about big investors (who don’t even like Zcash lol). This is why I hate coins with CEO’s etc…
Most shielded wallets (Zashi best) p2p is usable for anyone imo. other stuff + ledger + transparent wallets that have problems etc - is more on the not so much side yes.
