ZSAs increase attack surface with no tangible benefits

General
1

1 - It makes the cryptography more complicated - keeping the technical attack surface as low as possible is imperative for money built securely.

2 - It increases the social layer attack vectors from centralized money - circle and tether get to pick the eth chain in the event of a fork, not Ethereum holders.

3 - It slows us down from full implementation of crosslink, Tachyon, may require upgrading ledger (which still doesn’t work) etc etc.

4 - It will not save us. Zcash value comes from having been a fairly distributed PoW coin giving the original Cypherpunk vision alternative to fiat.

Penumbra - which was specifically built around adding ZK to stablecoins just shut down. https://x.com/erwanor/status/1960670659991736608

Namada - which also does this for multiple stablecoins across multiple chains and recently launched has an $8 million market cap. https://www.coingecko.com/en/coins/namada

Aleo - which has this as its biggest use case in trending down only with a one year chart down 91% down to $100 million dollar market cap for a fully programable zk private coin.

The market is showing us it wants a legitimate alternative to Bitcoin/Fiat as a store of value with the strongest privacy properties and the lowest attack surfaces. We would be stupid not to listen.

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2

1- yes

2- yes

3- yes

4- yes

At one point you have to chose wether you want to be hard money or some kind of hybrid thing with no clear purposes. When you try to be good at everything you end up being great at nothing.

If completely useless and worthless tokens are your thing, you have plethora of EVM chains out there that will satisfy all your needs.

3

The blockchain is I think more than78% issued but there are members who want to move to POS/hyprid model. Don’t mean to side track your thread but what’s your thoughts on POS/hyprid vs PoW?

4

Exactly, I also feel that an alternative model will be good and support Shielded Labs with their Crosslink work.

An alternative model could for example result in reduced sell pressure for Zec. As a portion of Zec will then flow to hodlers. :slight_smile:

And re Aleo: it has pretty high inflation. Do I need to say more?

5

ZSAs are happening. It is long-decided. If you are uncomfortable with ZSAs you are uncomfortable with the future of Zcash, we are way past debating this.

Tokens are extremely old news for most other projects. We’re moving too slow, it’s time to accelerate and to stop debating already-made decisions.

It’s open source software, you can fork if you don’t like features long-ratified by Zcash voters.

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