Zcash's Zooko Wilcox on Why He Believes Privacy Coins Will Be Used More for Good Than Bad

Published: March 27, 2018, 7:30 a.m.

b"Zooko Wilcox, the founder and CEO of the Zcash company, explains why he wanted to create the privacy coin Zcash, why he believes privacy is essential to decentralization, and how encryption is the way censorship-resistance can be created on a technical level. We talk about the revelation that the NSA was targeting Bitcoin users by gathering details on their devices and how even Zcash users could be targeted the same way, but why Zooko believes most people are more concerned about other threats. We also delve into the Facebook/Cambridge Analytics news and why people don't see to care about privacy and why so few people choose to transact privately in Zcash. He also describes he would feel if he knew that criminals were using Zcash for horrible crimes.\\n Zcash company: https://z.cash/\\n Matthew Green's bitter tweet about Cryptokitties raising $12 million when he had to beg VCs to give Zcash a fraction of that amount: https://twitter.com/matthew_d_green/status/976298627759972353\\n The transaction that Zooko and I dissect during the episode: https://explorer.zcha.in/transactions/eed1d3993e52863fd33f9961672a22d016ca2a63f1e452b7d27fc41f5a2f2664\\n The Intercept article about the NSA tracking Bitcoin users: https://theintercept.com/2018/03/20/the-nsa-worked-to-track-down-bitcoin-users-snowden-documents-reveal/\\n Thank you to our sponsors:\\n Preciate: https://preciate.org/; nominate someone to be recognized in a future spot at https://preciate.org/recognize/\\n Bitwise: https://www.bitwiseinvestments.com/unchained\\n StartEngine: https://www.startenginesummit.com\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"