ZEC, you say it's good, but it has dropped over 95% from its peak. You say it's bad, but it has now reached the previous high point. It's really unexpected, a definite dark horse. If you link the point of its price surge with the time when Chen Zhi was seized by the U.S. for nearly 20 billion dollars worth of Bitcoin through theft, it’s likely that those crafty U.S. individuals have been slowly accumulating at low levels, gradually pushing it up, and then the news breaks, pushing it to a climax. So this is not something that retail investors can fully grasp; being able to catch a portion of the wave is already impressive.
Many people may wonder why these capitalists do not choose the anonymous brother XMR (Monero) but instead opt for the struggling ZEC. This can be analyzed from the different attitudes of the two coins towards regulation. The core difference between the two is that ZEC offers 'selective transparency'; users can choose to be fully public or can choose to hide (90% of transactions are transparent, and very few dare to use private data). In contrast, Monero has no transparency option, and regulators cannot view any fund flows, which has been widely adopted in the gray area. In the eyes of true privacy advocates, ZEC is equivalent to a 'regulation-friendly version of pseudo-privacy.' It has deviated from its original intention and degraded into 'Bitcoin with a privacy plugin.' In a case where most transactions are public, a few anonymous transactions will become key monitoring targets, hence 'you can choose to be anonymous, but it's better not to be anonymous.' In summary, the pseudo-privacy characteristics of ZEC have allowed it to gain a pseudo-legal identity in the U.S., creating the necessary conditions for capital accumulation and price increase.
Many people may wonder why these capitalists do not choose the anonymous brother XMR (Monero) but instead opt for the struggling ZEC. This can be analyzed from the different attitudes of the two coins towards regulation. The core difference between the two is that ZEC offers 'selective transparency'; users can choose to be fully public or can choose to hide (90% of transactions are transparent, and very few dare to use private data). In contrast, Monero has no transparency option, and regulators cannot view any fund flows, which has been widely adopted in the gray area. In the eyes of true privacy advocates, ZEC is equivalent to a 'regulation-friendly version of pseudo-privacy.' It has deviated from its original intention and degraded into 'Bitcoin with a privacy plugin.' In a case where most transactions are public, a few anonymous transactions will become key monitoring targets, hence 'you can choose to be anonymous, but it's better not to be anonymous.' In summary, the pseudo-privacy characteristics of ZEC have allowed it to gain a pseudo-legal identity in the U.S., creating the necessary conditions for capital accumulation and price increase.