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Zcash Thesis —

Many folks in crypto today think about privacy backwards; instead of making
sure their assets are private, they make the mistake of solely fixating on
transactions being private. This is why we see people sending assets
through mixers or coin-tumblers, only to return to transparent and
trackable addresses, defeating the point of the mixer. Zooko Wilcox, a core
contributing member of the Zcash community, voiced the confusion as
follows: “You have to *store* your crypto in a private cryptosystem if you
want privacy. Then it is safe to *move* it through a transparent system!
Unfortunately, almost everyone has this backwards.”

Article posted 2 days ago

 
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