Apropos new York times. Paul Krugman has been warning the uninformed public about the impeding Bitcoin bubble pop for a few years. I naively supposed that this responsible man was dedicated to the cause of harm reduction. But he appears to be sitting, quite comfortably, in his ivory tower taking pleasure watching noobs loosing their shirt:
Never seen a doctor playing violins while someone had just taken an overdose.
honestly, imo, zcash is still “nerd money” (i’m good with that)… other than shadow brokers, unsure ZEC’s being used by many “criminals”. BTC/XMR seem to have that market on lockdown.
No mention of payment disclosure or the law enforcement seminar Zooko spoke at. Greater law enforcement job demand, thats good. Not sure why criminal activity is newsworthy, those people will smurf diapers when business is down, steal copper off air conditioners.
Good looking out, the Bloomberg article is interesting but shoots itself in the foot with the colored Sharpie “this is what I think” chart, entirely arbitrary. The Washington Post article just feels like an incomplete, rushed reiteration of everything else I’ve ever read.
I think maybe it’s that ZK snarks aren’t readily understood by people. The idea of a zero knowledge proof is freaky in itself and the math is in Greek. Hard to explain something you don’t understand.
What’s zcash?
Zero knowledge. (Its like whos on first!)
Interesting. I haven’t read through all of it yet but their main argument is still the trusted setup issue which is basically a moot point. Also I guess the confirmation time can be reduced from a few seconds to less than a second. I guess I’m just not hip on removing the human element from certain things. Still pretty neat.