The current $ZEC situation is a great reflection of people realizing two things at the same time:


1) Privacy is not always a feature. It can just as easily be a bug, and it’s heavily dependent on the underlying protocol design.
2) A fully software-based industry like crypto is more threatened by AI than ever before. If bugs this massive can be found in a protocol like Zcash with essentially just a prompt, where are you truly safe?
As much as I hate to admit it, this is not a great position for crypto to be in. And there are probably many more exploits to follow over the next 12-18 months before we can feel more safe again.
Personally, I don’t think the risk you carry in DeFi today is even remotely proportional to the laughably small yields you earn in return.
That’s what happens when an entire industry prioritizes memecoin chasing and stupid online casinos over security for years, I guess.
ZEC-4.49%
MEME-6.23%
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