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Intro
This chapter recounts the speaker's early encounters with digital cash and their pivotal decision to join DigiCash, an early e-cash company. Through personal reflection, they illustrate their journey and deepening interest in the cryptocurrency landscape.
My conversation with Zooko, Nate Wilcox, and Sean Bowe about the Zcash protocol.
Zooko is a cypherpunk who co-founded Zcash along with his brother, Nate Wilcox, and others. Sean Bowe is a cryptographer and engineer who has played a crucial role in the development of Zcash and has made significant contributions to advancements in zero-knowledge proofs, particularly zk-SNARKs, which underpin Zcash’s privacy features.
Topics we discuss are well captured by the timestamps below.
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Timestamps
0:00 - Zooko Wilcox-O’Hearn
0:04 - Writing the first blog post on Bitcoin ever
6:21 - Bitcoin’s fundamental privacy flaw
9:40 - Unstoppable private money
12:19 - Will Zcash compete with Bitcoin as a store of value?
14:24 - How many people are using Zcash?
16:18 - Good security is good usability
20:10 - Social credit systems and ubiquitous surveillance
23:43 - Why Monero’s privacy tech can’t work
35:21 - Integrating ZKPs into other blockchains
39:51 - Privacy comes from money at rest, not from money in flight
47:42 - Why did the price of ZEC fall so drastically in the beginning?
51:49 - Zcash stablecoins?
55:50 - Quantum threats to Zcash
1:02:50 - Encrypted love notes in the blockchain'
1:07:07 - Privacy enabled cultural trends
1:12:43 - Nate Wilcox
1:14:38 - Why do you need privacy if you have nothing to hide?
1:16:16 - A brief history of Zcash
1:22:42 - Why does Zcash have opt-in privacy?
1:26:55 - Does Zcash still rely on a trusted setup?
1:30:49 - Upgrading the Zcash protocol to Hybrid PoW/PoS
1:40:50 - A bug that almost killed Zcash
1:52:40 - Zcash’s funding model
2:09:09 - Why can’t privacy be added as an L2?
2:14:35 - Scaling Zcash and making it more interoperable
2:23:16 - Shielded Labs
2:24:39 - Nate’s vision for Zcash
2:27:53 - Sean Bowe
2:32:53 - Censorship resistance is a spectrum
2:35:26 - Will privacy coins be banned?
2:37:49 - Privacy and scalability
2:41:47 - Programmable money
2:43:31 - Summary of Sean’s contributions to the field of cryptography
2:55:17 - Zcash might get privacy against quantum adversaries for free
3:00:14 - Halo
3:05:34 - What Sean’s working on right now
3:11:54 - What has influenced Sean’s thinking in cryptography the most?
3:13:36 - Being a high school dropout working in crypto
3:15:08 - Zcash is just getting started
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