Why Snowden Helped Launch Zcash

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The launch of Zcash, a privacy-preserving cryptocurrency, faced a critical problem known as the trusted setup. The trusted setup problem is: if the inventor of Zcash kept a secret record of what happened during the creation process, they could then make counterfeit coins after the cryptocurrency had launched. In order to mitigate this risk, the team devised a way to split up the creation process among multiple people. Then, as long as just one of the participants made sure to destroy their part of the secret record, no one would ever be able to make counterfeit coins. This multi-person procedure that led to the creation of Zcash became known as The Ceremony. One of the key participants in this ceremony was a mysterious figure known as John Dobbertin, whose identity has remained hidden - until now.

This video uncovers the behind-the-scenes story of the launch and the identity of John Dobbertin, who is revealed to be none other than the renowned whistle-blower, Edward Snowden. Snowden reveals here for the first time his involvement in the Ceremony and his motivation for helping. The video also explores how Zcash's Halo upgrade eliminates the need for trusted setups, making Zcash safer for users and easier to work on for developers. With exclusive interviews from key players involved in Zcash's original Ceremony, this video is a must-watch for anyone interested in the history and technology of privacy-preserving cryptocurrencies such as Zcash.

Features Edward Snowden, Sean Bowe, and Zooko Wilcox.

▀▀▀ TIMESTAMPS ▀▀▀
0:00 The Ceremony and the Trusted Setup Problem
2:02 The Mystery of John Dobbertin
3:37 The End of Trusted Setup Problem
4:42 Greatest Risk Of Counterfeiting Removed
5:45 The Role of Edward Snowden in the Launch of Zcash
7:25 You Can't Have Free Trade Without Private Trade

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Narrated and Directed by: Natasha Mynhier

Written by: David Boyer
Edited by: Eli James
Cinematography by: Jeffrey Hammerton
Supervising Sound Editor/Rerecording Mixer: Shaughnessy Hare, Zack Howard
Animation: Very True Story & Eli James
Colorist: Arianna Shining Star
Engagement: Jess Carroll, Sue Heimsath, & Kevan Shah

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Creator Note: This video (including segments of it) is free to use by anyone for non-commercial purposes as long as: i) original source of the video is cited, ii) derivative works do not take segments out of context to change the meaning of the original video, and (iii) the music in the video is not extracted and used on a stand-alone basis or in an unrelated video.

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[icemammal]

This is my favorite thing we have ever worked on. I hope you all enjoy! Snowden's description of why he supports privacy preserving technology is very moving. It was an honor to meet him for this interview.

[dcascio]

That was a big surprise after listening the ceremony on the radiolab podcast. Zcash media you are geniuses. The voice over was very professional.

[artificialintelligence]

Edward's reveal was literally goosebumps 🔥🔥🔥🔥🔥

[ChristopherChiu]

Sir Edward Snowden - Patriot #1! God bless him.

[alexlisker]

I watched the original RadioLab, This is so much fun to finally get the full story!

[ZcashMedia]

0:00 The Ceremony and the Trusted Setup Problem
2:02 The Mystery of John Dobbertin
3:37 The End of Trusted Setup Problem
4:42 Greatest Risk Of Counterfeiting Removed
5:45 The Role of Edward Snowden in the Launch of Zcash
7:25 You Can't Have Free Trade Without Private Trade

[VishalRaoOnYouTube]

All these guys are legends. Human freedom maximalists.

[lixujason]

I buying zcash now is just like I bought btc in 2013 or bought ether in 2015. I got excited about the missions that change human's life.

[minezcash]

Epic, this goes down in Zcash history!

[sreckohorvat]

Congrats to Zcash Team and Edward Snowden

[davidboyer]

Zcash is working towards that “ideal of a fair currency, that is also a private currency.”

[testriot]

Another really good video! Great work Zcash Media. BTW, does anyone know the significance of the John Dobbertin pseudonym?

[aidenjeon]

John Dobbertin이 에드워드 스노든이라니.. 정말 놀랍습니다. 지캐시는 미래입니다!!!😃

[ColtonKirkegaard]

So we’ll done! Loved the structure and flow of this video. I learned a ton! Also visually stunning, especially all of the 2d motion graphics animation. I work an an animator in the vfx industry and I know this was no easy feat to complete. Congratulations and we’ll done to everyone involved 👏🏻

[sachaDS]

I love when competent hardworking people say « I am really lucky to be able to do that ». Humility on top, the signature of a true genius !

[tostedbutt]

From now on trust is truly trustless and private.

[nicugabriel]

🔒ZCASH⚔️ is the answer not Bitcoin! Privacy Coin ZEC will 🚀skyrocket like never before! ATH for ZEC was $6k!🙌🎉

[carlotheatheist]

hello zcash. is zcash still profitable for graphics card mining? if so. how many gb of gpu is required?

[unrelentingchemistry]

What internet service does it use Google, Amazon,or Microsoft because they can still shut it down Icp crypto is a another option that can be used

[abdulwahidLDN]

Was searching for the word just yesterday 7:58 😆