Co-Founder @gemini, @cypherpunk, @winklevosscap Vocals @marsjunction
New York, NY
Joined March 2009
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Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach end and our individual freedoms and self-sovereignty begin. As our lives have moved online, privacy’s become a rare, vanishing commodity.
That’s why we founded Cypherpunk (@cypherpunktech) — a company dedicated to privacy and self-sovereignty. We will execute on our mission by accumulating, building, and supporting privacy-protecting assets and technologies at a time when the world needs them more than ever.
To that end, Cypherpunk — Ticker: $LPTX (today), $CYPH (tomorrow) — was launched with a $50 million+ investment from @winklevosscap to begin accumulating Zcash ($ZEC) at what we believe to be a significant discount to Zcash’s true long-term value. Cypherpunk currently holds 203,775 ZEC purchased at an average price of ~$245 per coin, representing ~1.25% of the current ZEC supply. We plan to continue accumulating ZEC rapidly so that Cypherpunk owns at least 5% of the total ZEC supply.
Since Zcash’s launch 9 years ago, we’ve observed its highly symbiotic relationship with bitcoin. Zcash is a fork of Bitcoin and shares identical tokenomics — both have a fixed total supply of 21 million coins. If bitcoin is digital gold, Zcash is encrypted bitcoin, or digital cash. One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC.
We feel strongly that Zcash could become a meaningful percentage of Bitcoin’s market capitalization — just on the merits of it being a privacy hedge or insurance policy to Bitcoin’s transparency alone. We believe bitcoin will continue to ascend to $1,000,000 per coin over the next 5-10 years. We also believe Zcash will appreciate significantly from here as well. These coins go hand in hand.
Over the next few weeks, we’ll continue to lay out our thesis. In the meantime, we’re excited to have you join us as we stack zats and invest in other technologies that promote privacy and self-sovereignty. Let us proceed together apace.
Onward.
Tyler Winklevoss retweeted
@tyler on Zcash as HTTPS:
"The government fought encryption and treated it as a munition. Bitcoin is HTTP, in the clear. Zcash is HTTPS."
"The government fought that too, then 180'd and said all government websites must be HTTPS."
Encryption always wins in the end.
I support. I don't think this proposal goes far enough, but I can get there in the spirit of moving forward.
No. Everything that needs to be discussed about ZCG can be, and should be, discussed in the town square.
Zcash and its community deserve this. Frankly, the stories I've heard about the bad behavior behind the scenes are disappointing to say the least. We don't need to go into the details, but the back channeling, bullying, and intimidation tactics are unacceptable and not going to be tolerated anymore.
The best preventative measures going forward are sunlight and transparency, which is to say having all conversations out in the open.
Agreed. It's time to end the Zcash Dev Fund.
Zcash must remain pure.
Free markets. Free speech.
It's time to end the Zcash Dev Fund.
forum.zcashcommunity.com/t/t…
true
This alone should be enough to end the committee. It's very hard to be unbiaised, some succeed better than others. But in any case, 5 people managing a $110 million fund is not acceptable; that's not decentralisation. And as we can see, some committee members do not seem very mature and seem to take things personally; completely unacceptable.
Do you really see the future private money for the internet, having a 5-person committee deciding on what is going to become hundreds of millions of $ in treasury?
This is incoherent. Zcash does not fit the definition of a public good (i.e., non-rivalrous, non-excludable). If you buy 1 ZEC, its yours and no one else can't have it, and if you want to participate in/use the Zcash network, you have to pay for it. No free-riding.
If by public good you mean that Zcash is open-source/available/accessible to everyone, then I agree with you that it is. And I also firmly agree that Zcash is good for society and necessary for it to be free and open.
But that should not be confused or conflated with what economists mean by "public good", as in one that cannot be provided efficiently or effectively by the private markets. Zcash does not have such characteristics. It is not a lighthouse or national defense.
As a result, it doesn't need a government-like plundering/taxing mechanism to fund its development — especially not one without representation — like ZCG. Development is the purview of the market. In other words, ZCG is not necessary. The market will handle this and handle it better in all respects.
I have no idea why or how you think Zcash would be "rendered accessible to only the rich". The trend line for more accessibility has only been increasing rapidly and dramatically (e.g., wallet support, exchange support, exposure via public companies and ETFs, etc.). Maybe you could expand on your argument here so everyone can understand what you are talking about.
Do the ZCG/ZCAP peeps think they will win their arguments by unfollowing/blocking people on X and running away and hiding out in their echo chamber aka the Zcash Forum? Lolz
Embarrassing, childlike behavior. This is 1 of 5 decision-makers who control the $110 million dollars in ZCG. If you can't even take a little scrutiny on X without resorting to unfollowing/blocking people, you're not qualified to run 110 million dollars with no accountability!
Why you should vote Republican.
My biggest concern is that if there is a clean sweep by Democrats of the House, Senate and Presidency in 2028, they will:
1. Make DC and Puerto Rico states to gain a strong majority in the Senate.
2. Open the borders and legalize everyone living in America illegally to cement a permanent majority.
3. Increase the size of the Supreme Court to gain an immediate majority.
This would result in America becoming a permanent one-party state and the end of democracy in any meaningful sense of the word.
All that is needed to ensure this doesn’t happen is 51 Republican senators in 2029. That is why you should vote for Republican senators this election. Other reasons are irrelevant compared to this one.