Economist Saifedean Ammous sparked fierce debate on social media by questioning the importance of privacy-focused cryptocurrencies like Zcash vs. Bitcoin. Bitcoin advocate Saifedean Ammous ignited a lively debate between Bitcoiners and privacy advocates by questioning the perceived importance of privacy as a key characteristic of money in an exclusive interview with Cointelegraph. “This is the question. How much demand is there for money that does not get debased versus how much demand is there for money that allows you to maintain your privacy?” Ammous said. Ammous, the author of “The Bitcoin Standard,” described Zcash as a “shitcoin” and raised concerns about the initial launch of the project, which involved a trusted setup ceremony in 2016 to generate the cryptographic parameters for its privacy features. Read more
Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $92,000-$95,000 and return to new all-time highs. Bitcoin’s (BTC) relief rally to $91,000 appears to be cooling, but analysts say the short-term trend for BTC “remains up.” Key takeaways: Bitcoin must next take out immediate resistance between $92,000 and $95,000. Read more