When I use a Google app, my Google contacts are there.
When I use a Microsoft app, my Outlook contacts are there.
When I use a Zcash app, my z-address book should be there (or at least a public searchable one)ā¦ Otherwise, Iām always starting from scratch with every new zapp!
been thinking about this for a long minute, but havenāt found enough time to really dig into our options for deploying stable ZEC yet .think it can be done
even if we donāt have a perfect USD peg, perhaps a type of ZEC reflex bond could at least dampen ZEC volatility to a point where it could almost be considered stable.
is it possible to have trustless zUSD? Will that be centralized like USDT ?
I would like to see MGRC fund projects or companies that will launch zUSD or work with existing companies (coinbase, gemini) to port their stable coin onto zcash platform.
I would like to see zUSD, too, but I donāt think it should be supported by MGRC more so than ECC and ZF because it may require protocol changes (unless everything can be accomplished within the memo field?! If so, might be in MGRC territory IMHO)
This very forum, but shielded. (I thinkk we need a way to āLog-In with Zcashā in order to build reputationsā¦a concept I think of as Zero Factor Authentication)
A security trademark agreement that ensures that users are safe to use a particular shielded application
3D private key printer: A super simple device that creates and prints your private key unto a plastic QR card which can break into multiple pieces to be stored separately, say, across bank lockboxes
Itās definitely ideal to have a trustless zUSD. Maybe something like Maker where the usd is over-collateralized by zec? That would be a mostly trustless model that also avoids the issue of the chain becoming ātop heavyā, since the value of the usd on chain is always strictly less than the market cap of Zcash.
I think the ability to directly trustlessly swap between zec and zusd on-chain, without using any other chains like eth in between, is very important. If zusd is a killer app for Zcash, we donāt want it to have the platform risk of relying on another chain.
if i remember my history correctly, believe the original purpose of a drivechain was to help enable bitcoin hivemind (bitcoin prediction market). being a huge fan of prediction markets; wonder what a multidimensional event derivative would look like on zcash.
if we did build stable currency units - would probably look more like nubits than USDT, etc. if youāre interested, hereās a good post on nubitās failure to maintain itās peg
Zusd is a great idea, a shielded stablecoin is still missing on the market. There are few projects working on it like XDAI and if I remember well Tornado Cash team is also working on a shielded stablecoin on Ethereum.
Another thing I would like to see is at least 50% usage of shielded transactions. Despite the high fees on Ethereum you can see how high is the demand for privacy by looking at Tornado Cash utilization.
Other points in this thread are also very valuable.