Why I'm genuinely excited about Zcash $ZEC
Nearly everyone has Bitcoin regrets, and everyone has fantasized about what could have been. But it can only be a fantasy until Bitcoin faces an existential dilemma.
And here we are. Quantum has more questions than answers. It's a rare opportunity for social consensus to fracture and the crypto community to reorganize.
Bitcoin has almost no direct competitors anymore. All previous attempts failed and the market moved on to building venture-backed faster, cheaper, proof-of-stake chains with highly concentrated token ownership.
The Zcash genesis block was nearly 10 years ago. It's one of the few remaining proof-of-work chains, the earliest to implement zero-knowledge proofs at scale, and it's now accelerating development for speed, privacy, and quantum resilience. It's such a strange feeling to see a Bitcoin alternative enthusiastically develop modern upgrades.
In a rare moment when social consensus for Bitcoin is fracturing, the social consensus for Zcash is compounding. It's hard not to look at this moment like a flash back. The first time you heard about Bitcoin or sold it too soon. What you fantasized about doing differently, if only you had known where Bitcoin was going and had the patience to weather the storm.
I think the roadmap for $ZEC is even more reflexive that we are used to. At $50 or even $500, the skeptical voice in your head says this a manufactured narrative. Just like mainstream media viewed Bitcoin as a tulip-style bubble when it traded at these prices. But as $ZEC gains ground, the price reflects a growing social consensus, and the probability of a flippening grows. It seems impossible until we reach an inflection point, and I think we each have personal inflection points layered throughout. The moment $ZEC hits the price you first heard about $BTC you will be infected with the mind virus. The fantasy to do it all over again from your original starting point. The fantasy to weather the storm, holding until Blackrock is selling your coins, if not forever. And the enthusiasm to be part of something you believe in again, at the frontier of crypto technology and a nostalgia for crypto culture. I miss it just writing about it.
I don't know if it works. Obviously NFA/DYOR. But this is why I'm personally excited about the project. The past few years felt like we really lost our way and I'm looking forward to something that feels like it's ours again.
Fast, private, quantum-resistant Bitcoin that Saylor (and Satoshi's wallets) can't sell seems like a good starting point to me.