The harsh market reaction to the recent zcash:native vulnerability patch is really two-fold: 1. Many people didn’t realize privacy coins had this unique category of vulnerability (silent infinite inflation bugs that nobody can truly verify was ever exploited or not) 2. AI-assisted hacking is a serious, potentially existential, risk for crypto assets deploying advanced, novel technologies and will likely only become more common over time All software has the risk of bugs, but with most software, you can tell if a vulnerability was ever exploited or not An undetectable infinite inflation bug that nobody can verify was ever exploited or not kinda kills the whole SoV story for many people ZEC will be fine long term and this particular bug was likely never exploited, many people just didn’t understand what they invested in But it goes to show how much SoV assets like ZEC are tied to a shared narrative belief of longevity and safety, and how fragile that belief can be(Zach Rynes | CLG)