Zcash’s sudden resurgence is not just another rotation, argues Helius CEO Mert Mumtaz; it is a re-centering of crypto on first principles of cryptography and user choice. In a wide-ranging conversation on Messari’s “Fully Diluted” (Oct. 23) with host Dylan Bane and Messari researchers, Mumtaz framed Zcash as “secret Bitcoin”—a full-stack, zero-leakage design for money that Bitcoin’s earliest architects wanted but could not ship with 2010-era tooling.

Zcash Proves Satoshi Right

“The simplest conceptual way to understand this is that it’s a secret Bitcoin. It’s an encrypted Bitcoin,” Mumtaz said, invoking early forum posts from Satoshi and Hal Finney. “You have forum posts of Satoshi and Hal [Finney] saying things like, ‘If we knew how to add ZK proofs to Bitcoin, it would make it a better

See Full Page