Part 2: When you realize they're pushing the psyop that is Zcash down your throats because they know everyone will need privacy in this surveillance heavy world....,yet ironically, $Zec sells itself as the shield against surveillance but even its own miners have treated shielded transactions like radioactive waste. Since at least April 2017, F2Pool (the #2 pool at the time with around 18% of total hashrate) was straight up censoring shielded txs. Out of 86,849 shielded transactions year to date in one analyzed period, they mined just 120. That’s not bad luck. That’s three orders of magnitude below what you’d expect from random inclusion. Why? Because privacy on Zcash is opt in. Miners can literally see shielded vs transparent txs sitting in the mempool and choose to drop the private ones. This isn’t theoretical. It happened in the wild, and similar reports popped up with other pools like ViaBTC in later years. Opt in privacy = detectable privacy = censorable privacy. Meanwhile the numbers still haven’t flipped: as of April 2026 the chain is still 70% transparent. Most of the recent “shielded activity” spike is people shielding then immediately deshielding, not staying private end to end. The real anonymity set is still tiny. And the money printer for insiders never stopped. Even after the ECC team exit and the new Zcash Open Development Lab raising $25M from VCs, the on chain diversion mechanism keeps humming. This isn’t a privacy coin with a side hustle in dev funding. It’s a dev fund coin that occasionally lets you do privacy… if the miners feel like it that day. The more you zoom in, the clearer it gets...

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