Examining the conflict between hard money and privacy: Saifedean Ammous challenges the privacy agenda in cryptocurrency

Saifedean Ammous questions the necessity of privacy cryptocurrencies, suggesting that hard money should be the main focus. He critiques Zcash’s trust model, labeling it a ‘shitcoin’ and emphasizes that ease of finance shouldn’t compromise the essence of digital currencies.

Ammous expresses concern that the privacy features in Zcash complicate the credibility of its currency supply. He emphasizes that without auditability, the actual value of Zcash may be compromised, advocating for hard money that is transparent and trustworthy.