Bitcoiners for Privacy

𝐓𝐡𝐞 𝐆𝐫𝐞𝐚𝐭 𝐁𝐞𝐭𝐫𝐚𝐲𝐚𝐥: 𝐇𝐨𝐰 𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐎G (Rich elites ) 𝐒𝐨𝐥𝐝 𝐎𝐮𝐭
𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐟𝐨𝐫 𝐏𝐫𝐨𝐟𝐢𝐭

We all know the legend. The cypherpunk dream. A peer-to-peer electronic cash system,
designed to be sound money, free from the grasp of centralized banks and coercive
governments. It was meant to be decentralized, permissionless, and 【ｐｒｉｖａｔｅ．】
But somewhere along the line, the dream was corrupted. Not by outsiders, but from within. The very OGs who built their fortunes on Bitcoin’s early promise have become its most reactionary gatekeepers.
And their campaign against true privacy coins reveals their true motive: 𝘯𝘰𝘵 𝘴𝘰𝘶𝘯𝘥
𝘮𝘰𝘯𝘦𝘺 𝘧𝘰𝘳 𝘢𝘭𝘭, 𝘣𝘶𝘵 𝘴𝘰𝘶𝘯𝘥 𝘸𝘦𝘢𝘭𝘵𝘩 𝘧𝘰𝘳 𝘵𝘩𝘦𝘮𝘴𝘦𝘭𝘷𝘦𝘴 !

The smoking gun? Their inexplicable, coordinated promotion of **Zcash** over fundamentally
superior and more Bitcoin-aligned privacy protocols like 𝐆𝐫𝐢𝐧.

https://docs.grin.mw/wiki/introduction/grin-for-bitcoiners/

𝗧𝗵𝗲 𝗣𝗲𝗿𝗳𝗲𝗰𝘁 𝗣𝗿𝗶𝘃𝗮𝗰𝘆 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻, 𝗜𝗴𝗻𝗼𝗿𝗲𝗱

Let’s be clear about what Grin offers:

𝘼 𝙁𝙖𝙞𝙧 𝙇𝙖𝙪𝙣𝙘𝙝: No pre-mine, no founder’s reward, no early advantage for insiders. It
embodied the very ethos Bitcoiners claim to cherish.

𝐋𝐢𝐠𝐡𝐭𝐰𝐞𝐢𝐠𝐡𝐭 𝐚𝐧𝐝 𝐒𝐜𝐚𝐥𝐚𝐛𝐥𝐞: Its Mimblewimble protocol is elegant, allowing for smaller
blockchains and faster verification. It fixes problems Bitcoin still struggles with.

𝙎𝙩𝙧𝙤𝙣𝙜, 𝘿𝙚𝙛𝙖𝙪𝙡𝙩 𝙋𝙧𝙞𝙫𝙖𝙘𝙮: Privacy isn't an option; it's woven into the fabric of every
transaction. It’s what Satoshi envisioned before the realities of a transparent ledger became
clear.
𝙽𝙾 𝙲𝚂𝙰𝙼, 𝙽𝚘 𝙹𝙿𝙴𝙶, 𝙽𝙾 𝚂𝙿𝙰𝙼
𝙉𝙤 𝘼𝙙𝙧𝙚𝙨𝙨𝙚𝙨, 𝙉𝙤 𝙖𝙢𝙤𝙪𝙣𝙩𝙨 𝙫𝙞𝙨𝙞𝙗𝙡𝙚 𝙤𝙣 𝙗𝙡𝙤𝙘𝙠𝙘𝙝𝙖𝙞𝙣 !
No metadata, previous data erased.

𝘿𝙚𝙘𝙚𝙣𝙩𝙧𝙖𝙡𝙞𝙯𝙚𝙙 𝙈𝙞𝙣𝙞𝙣𝙜: It uses a mining algorithm (Cuckoo Cycle) promoting a more distributed mining base. You can run a FULL NODE with a old mobile phone.

Grin is the cypherpunk dream, fully realized. So why did the Bitcoin elite meet it with a collective yawn, or outright hostility?

𝗧𝗵𝗲 𝗭𝗰𝗮𝘀𝗵 𝗖𝗼𝗻𝘂𝗻𝗱𝗿𝘂𝗺: 𝗔 𝗧𝗲𝗹𝗹𝘁𝗮𝗹𝗲 𝗦𝗶𝗴𝗻 𝗼𝗳 𝗚𝗿𝗲𝗲𝗱

Enter Zcash. A privacy coin with some significant, and very telling, compromises:

1. 𝙏𝙝𝙚 “𝙁𝙤𝙪𝙣𝙙𝙚𝙧’𝙨 𝙍𝙚𝙬𝙖𝙧𝙙”: For its first four years, 20% of all block rewards went to the founders, investors, and developers. It was a massive, pre-programmed wealth transfer to insiders. 𝘼 𝘿𝙀𝙑 𝙏𝘼𝙓.
2. 𝙏𝙧𝙪𝙨𝙩𝙚𝙙 𝙎𝙚𝙩𝙪𝙥: Its initial setup required a “ceremony” where participants had to trust that the private keys were destroyed. A critical point of failure and centralization that Bitcoin would never tolerate. Even it is removed, **optional privacy** stayed.

3. 𝙻𝚒𝚖𝚒𝚝𝚎𝚍 𝚂𝚞𝚙𝚙𝚕𝚢: Crucially, Zcash mimics Bitcoin’s hard cap of 21 million coins.

And here we find the heart of the conspiracy. The OGs don’t champion Zcash because it’s technically superior; they champion it because its economic model 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝘁𝗵𝗲𝗶𝗿 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗲𝗮𝗹𝘁𝗵.

𝗧𝗵𝗲 𝗚𝗮𝗺𝗲 𝗧𝗵𝗲𝗼𝗿𝘆 𝗼𝗳 𝗮 𝗚𝗥𝗘𝗘𝗗𝗬 𝗕𝗶𝘁𝗰𝗼𝗶𝗻𝗲𝗿𝗢𝗚

Greedy sneaky mind of an early Bitcoin adopter sitting on a fortune:

𝙏𝙝𝙚𝙞𝙧 𝙂𝙤𝙖𝙡: Preserve the purchasing power of their BTC stack. Not to create the best monetary system, but to ensure their early adoption pays off maximally.

𝐓𝐡𝐫𝐞𝐚𝐭 #𝟏 (𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭): they know their wealth, sitting on a public ledger, is at risk from future wealth confiscation, punitive taxes, or regulation. They *desperately* need privacy.

𝐓𝐡𝐫𝐞𝐚𝐭 #𝟐 (𝐃𝐢𝐥𝐮𝐭𝐢𝐨𝐧):

𝙰 𝚗𝚎𝚠, 𝚝𝚛𝚞𝚕𝚢 𝚍𝚎𝚌𝚎𝚗𝚝𝚛𝚊𝚕𝚒𝚣𝚎𝚍, 𝚙𝚛𝚒𝚟𝚊𝚝𝚎, and *predictable issuance* coin like 𝗚𝗿𝗶𝗻 𝗽𝗼𝘀𝗲𝘀 𝗮𝗻 𝗲𝘅𝗶𝘀𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝘁𝗵𝗿𝗲𝗮𝘁.

Its fair launch means they have no head start.
Its tail emission model (a small, continuous inflation) prevents it from becoming a purely deflationary asset that would simply replicate and challenge Bitcoin's "digital gold" narrative.

𝙏𝙝𝙚𝙞𝙧 𝙈𝙤𝙫𝙚: They need a privacy solution that neutralizes Threat #1 without activating Threat #2.

𝙕𝙘𝙖𝙨𝙝 𝙨𝙝𝙞𝙡𝙡 𝙞𝙨 𝙩𝙝𝙚 𝙩𝙤𝙮: It provides the **optional** privacy they need to shield their own wealth from governments, while its hard-capped supply ensures it can never challenge Bitcoin’s core value proposition as a deflationary store of value.
By shilling Zcash, they * think they get the privacy tool they need without sponsoring a competitor that could actually dethrone their king.
( 𝘼 𝙙𝙚𝙨𝙥𝙚𝙧𝙖𝙩𝙚 𝙖𝙩𝙩𝙚𝙢𝙥𝙩 𝙬𝙞𝙩𝙝 𝙆𝙔𝘾 𝙖𝙣𝙙 𝙤𝙥𝙩𝙞𝙤𝙣𝙖𝙡 𝙥𝙧𝙞𝙫𝙖𝙘𝙮)

𝙂𝙧𝙚𝙚𝙙𝙮 𝙧𝙞𝙘𝙝 𝘽𝙞𝙩𝙘𝙤𝙞𝙣𝙚𝙧s are in 𝗣𝗮𝗻𝗶𝗰

This is the ultimate hypocrisy. The OGs lecture the community on "sound money" and "decentralization" while backing a project with a founder's reward and a trusted setup. They attack Grin's tail emission as "inflationary" while ignoring that its fair launch is more morally and economically sound than Zcash's insider-friendly & dev tax model.

𝘛𝘩𝘦𝘪𝘳 𝘢𝘤𝘵𝘪𝘰𝘯𝘴 𝘱𝘳𝘰𝘷𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦𝘪𝘳 𝘢𝘭𝘭𝘦𝘨𝘪𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘵𝘰 𝘵𝘩𝘦 𝘤𝘺𝘱𝘩𝘦𝘳𝘱𝘶𝘯𝘬 𝘪𝘥𝘦𝘢𝘭𝘴 𝘰𝘧 𝘧𝘳𝘦𝘦𝘥𝘰𝘮 𝘢𝘯𝘥 𝘱𝘳𝘪𝘷𝘢𝘤𝘺 𝘧𝘰𝘳 𝘢𝘭𝘭.
𝘐𝘵 𝘪𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘳𝘦𝘴𝘦𝘳𝘷𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦𝘪𝘳 𝘰𝘸𝘯 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦𝘥 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩𝘪𝘯 𝘵𝘩𝘦 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘤𝘳𝘺𝘱𝘵𝘰 𝘩𝘪𝘦𝘳𝘢𝘳𝘤𝘩𝘺.

They aren't building a future of free, private, decentralized money. They are building a gated community with their Bitcoin wealth at the center, using projects like Zcash as a privacy fence to keep the authorities out, and shunning projects like Grin to keep any real competitors down.

The message is clear: *𝗬𝗼𝘂𝗿 𝗽𝗿𝗶𝘃𝗮𝗰𝘆 𝗶𝘀 𝗹𝗲𝘀𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗵𝗮𝗻 𝗼𝘂𝗿 𝗽𝗿𝗼𝗳𝗶𝘁𝘀.*

The great betrayal is complete.

𝘛𝘩𝘦 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘖𝘎𝘴 𝘢𝘳𝘦𝘯'𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘰𝘧 𝘢 𝘳𝘦𝘷𝘰𝘭𝘶𝘵𝘪𝘰𝘯; 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝘫𝘶𝘴𝘵 𝘢𝘯𝘰𝘵𝘩𝘦𝘳 𝘤𝘭𝘢𝘴𝘴 𝘰𝘧 𝘸𝘦𝘢𝘭𝘵𝘩𝘺 𝘦𝘭𝘪𝘵𝘦𝘴, 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘵𝘶𝘳𝘧.

𝘛𝘩𝘦𝘺 𝘸𝘪𝘭𝘭 𝘭𝘰𝘰𝘴𝘦 𝘵𝘰 𝘥𝘦𝘤𝘦𝘯𝘵𝘳𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯, 𝘵𝘳𝘶𝘴𝘵 𝘮𝘪𝘯𝘪𝘮𝘪𝘻𝘦𝘥 𝘱𝘦𝘳𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘭𝘦𝘴𝘴, 𝘭𝘪𝘨𝘩𝘵𝘸𝘦𝘪𝘨𝘩𝘵 𝘴𝘤𝘢𝘭𝘢𝘣𝘭𝘦 𝘱𝘳𝘪𝘷𝘢𝘤𝘺 very soon.
As the satoshi says; Bitcoiners kicked the hornest nest with Zcash privacy panic shilling, and swarm headed towards to us.

Just take your seat at fronts and GRIN ツ to them.