THE THIRD PILLAR OF DIGITAL GOLD

Summary from the TLDR Crypto newsletter

Privacy represents the third pillar of digital gold alongside Bitcoin's sovereignty and Ethereum's programmability, and Zcash is positioned as the underpriced rallying point for private money that could activate self-reinforcing incentive mechanisms virally spreading cypherpunk ideals. ZEC pioneers created foundational ZK innovations like Sonic and Halo that enabled Ethereum's first rollup prototype, Ignis, built on Zcash's Bellman code seven years ago. Naval's thesis frames Bitcoin as "insurance against fiat" and ZCash as "insurance against Bitcoin."