Or am I wrong that Bitcoin remains the safest bet

[Franctoshi]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

Bitcoin remains the best bet ever, because you don't tell me that after years of" This is a technology that fixes all problems" and you wake up one morning realising that the system is cracking and all the promises gone. Technology is hard coupled with a system that promises privacy, but that's the very problem that Bitcoin has solved.

[uchegod-21]

It took you, @op, one bad experience with Zcash to realize that Bitcoin is the safest and most trusted coin to invest in. Many new investors in crypto are yet to realize this, but just like you, one bad experience will make them discover Bitcoin. Many people found Bitcoin after facing bad experiences.

But most of these bad experiences can actually be prevented. It only takes a few moments for someone to go on the internet and check the performance of the coin they intend to invest in and how long the coin has been in existence. Coins that were newly launched and getting lots of hypes should be handled with caution because the hype may die any moment.

Anyone who is not blinded by quick gains can simply take time to check out the best-performing coin in the crypto space. Definitely, Bitcoin should clearly be seen at the top. People do not check all of these things until they are in a mess before they start doing the research they could have done earlier.

[Samlucky O]

Bitcoin just feel more like the best bet after all.

bitcoin is and will always be the best of all, bitcoin is the first coin to be created as cryptocurrency, any other coin remains an alt or shitcoin. there is no how you can be comparing bitcoin to altcoin, no matter how promising it may look. bitcoin is the safest in all. i have tried gambling with other altcoin in the past hoping they would do better but i later realized that bitcoin is really the king of the jungle, being the king of digital asset.

[Chinesebaby]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

No matter how Zcash seems to have had similar features with Bitcoin, whereby claiming to be a cryptocurrency that offered privacy and anonymous features, and having the same limited supply of 21 million just like Bitcoin, I always knew that Zcash could never be that safe as compared with Bitcoin when it comes to the overall security measures and the protection of investors funds. And this is another opportunity for people to prioritize investing in Bitcoin whose coin can never be printed as fake, just as recently discovered with Zcash due to the bug that just happened, resulting and allowing the creation of unlimited tokens. And you all know this can have a negative effects on the market.

[mcdouglasx]

That's yet another lesson about what's most important in this world: the security of systems. That's why Bitcoin has always been audited, and its changes are made surgically, not because it can't expand and improve technically, but because what's being protected is the integrity of what's already well done. We should also take this as a sign of respect for the Bitcoin developers who constantly work on it to keep everything in order and stable. So, we should tip our hats to them and show them respect.

[retreat]

That's what differentiates Bitcoin from altcoins: it's time-tested and remains reliable and trustworthy. While it has experienced some issues, thanks to the devs and community who have consistently maintained it, it remains standing today and perhaps even for decades to come. This is why Bitcoin is considered a secure and trustworthy digital currency, and no altcoin can match that, even when they claim to offer a more secure architecture. Bitcoin has proven it, and it's not just words.

[Alphakilo]

That's yet another lesson about what's most important in this world: the security of systems. That's why Bitcoin has always been audited, and its changes are made surgically, not because it can't expand and improve technically, but because what's being protected is the integrity of what's already well done. We should also take this as a sign of respect for the Bitcoin developers who constantly work on it to keep everything in order and stable. So, we should tip our hats to them and show them respect.

The Bitcoin developers on deck are definitely more dedicated and dutiful and I respect the effort to keep Bitcoin transparent and simple that any inflation or such kind of bug attempts is made visible to all the nodes.
This is why when they say the Bitcoin ledger speaks for itself, it actually means it because it's true.
Invest in Bitcoin and forgot about all this brouhaha waiting to happen, as it did Zcash.

[minic1993]

Bitcoin just feel more like the best bet after all.

bitcoin is and will always be the best of all, bitcoin is the first coin to be created as cryptocurrency, any other coin remains an alt or shitcoin. there is no how you can be comparing bitcoin to altcoin, no matter how promising it may look. bitcoin is the safest in all. i have tried gambling with other altcoin in the past hoping they would do better but i later realized that bitcoin is really the king of the jungle, being the king of digital asset.

Bitcoin being the safest bet doesn't automatically make every altcoin worthless. Most will fail, sure, but Bitcoin's dominance comes from its proven track record rather than simply being first. The fact that institutions still treat Bitcoin as their primary entry point into crypto says a lot about how the market views its risk profile.

[lionheart78]

Indeed in the history of cryptocurrency, Bitcoin is still the safest bet, but I do not think that Zcash where hacked or exploited, I read that the bug was discovered by Taylor Hornby during a protocol audit for Shielded Labs and reported to the Zcash dev team and the team act accordingly releasing patches.  We can find the article about this here: https://crypto.news/zcash-foundation-fixes-orchard-bug-with-zebra-emergency-upgrade.

I think this is normal for a developing technology to have glitches and bugs, and Bitcoin has its part of that story too.  The good thing is that the bug was discovered early and fixes and patches is deliver before being exploited by bad players.

[BlackHatCoiner]

The fact that an infinite mint vulnerability hid in Zcash's complex zero-knowledge proofs since 2022 is just wild. This is precisely why I am skeptical with privacy coins when it comes to treating them as hard money.

And the worst is that we don't know if someone took advantage of this already. As far as I understand, they're trying to provide some zero knowledge proof from now on that nobody will cheat, but I don't think we can prove nobody have cheated so far.

[Synchronice]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

At the moment, there is no evidence of that bug exploitation and also no evidence of changing ZEC's supply. There is also a difference between Zcash and Bitcoin. Bitcoin by design is much simpler and more transparent compared to Zcash. Zcash has much better privacy and comes with heavier cryptographic complexity.

Bitcoin is the safest bet in terms of investment and bugs because Bitcoin is the most popular currency with more than a trillion dollars put into its market cap and lots of developers constantly reviewing its code. No coin matches Bitcoin's popularity and market cap, so, yes, in that case, it's the safest bet but it's not the most anonymous cryptocurrency and it's not the most profitable cryptocurrency for holders either, not anymore.

[CryptoYar]

[...]

You are correct that it wasnt a hack itself. This bug was discovered in a check and was fixed before it could be used by bad actors. That is the right way to do responsible reporting.

However, it is not the same with privacy coins. If bug is found in clear blockchain, e.g., Bitcoin, one can check onchain that nothing is wrong. With ZCash hidden transactions, it is not possible to easily determine whether or not it has been used by bad actors silently before the fix. It is that uncertainty that is the problem, not the bug itself.

While Privacy is good function, it also has some drawbacks in terms of checking the records. This is  area ZCash hasnt gotten right.

[sokani]

I would place Bitcoin above other cryptos. However, the fact that ZEC lost 50% of its price does not mean Bitcoin hasn't suffered a similar fate. Bitcoin has. Infact, according to historical data, it lost 56.7% and 73.7% of its price within three days on two separate occasions. I know some people would argue that Bitcoin was a few years older when it happened, but the fact is, it has happened.

https://coincodex.com/article/2703/top-5-largest-bitcoin-crashes-in-history/

Btw, here's the reason ZEC dropped from $620 to $318 within 3 days.

Multiple sources report markets are treating ZEC’s supply integrity as a binary, near‑term event—prediction markets and traders priced a significant insolvency risk until the Ironwood upgrade formally verifies the new Orchard pool. Zcash developers have set a July activation target and plan formal verification before activation; the narrative is causing elevated volatility and short‑term downside risk while resolution could remove the overhang.

[YellowSwap]

The one point that the likes of Zcash has proven is that. Old Blockchain doesn't always equals safety or the best, it's only a matter of time before something is found in it's system.

Mind you, this isn't the end of Zcash, but yes Bitcoin is still the best over all, still, I don't want to stop with Bitcoin only, the future won't be fun if it's all about Bitcoin only.

Other Blockchain projects need to exist, not to beat Bitcoin but to solve other major problems in this space too.

In security, Bitcoin is a best blockchain because of its algorithm (Proof of Work, PoW), decentralization and biggest network hashrate. This site with estimations on different blockchains and how many confirmations on altcoin blockchains equivalent to 6 confirmations on Bitcoin blockchain.

https://howmanyconfs.com/

It shows how secure and strong Bitcoin blockchain is compares to several Proof of Work altcoin blockchains. I don't want something cool, so I choose Bitcoin, the strongest and most secure blockchain. I can have privacy with Bitcoin blockchain if I use wallets, UTXOs and broadcast my transactions properly so privacy altcoins are not my favorite.

Because of it's algorithm? But bitcoin isn't the only coin running with SHA256 algorithm, does this makes other SHA256 coins and great as Bitcoin then? I think the answer is no.

If this algorithm thing is the golden part of Bitcoin I am wondering why Ethereum let go of PoW algorithm for PoS algorithm, till this day it still baffles me.

I also believe that this is why Ethereum failed to perform like the old days, people don't like it more compared to when it used to be a proof of work algorithm coin.

[macson]

No, you're not wrong in saying that. It's a fact that Bitcoin is much more secure than those shitcoins. For a long time, so many shitcoins have emerged, but at the same time, Bitcoin has maintained its position as the most secure cryptocurrency. Meanwhile, we see so many shitcoins disappear from the face of the earth with the big promises and claims they offer, but still that doesn't guarantee that these shitcoins have better security and will last long in the market.

[free-bit.co.in]

Bitcoin just feel more like the best bet after all.

Yes, after all, Bitcoin remains the safest option to date. However, do not be complacent and assume that Bitcoin is completely immune to security vulnerabilities or perfectly secure. Bitcoin has never faced any major incident or challenge, but that does not mean potential risks do not exist or will never emerge in the future.

Bitcoin is currently the best option today, but that is not a reason to put all your eggs in one basket. Diversification remains a better option than relying on a single asset.

[tbct_mt2]

Yes, after all, Bitcoin remains the safest option to date. However, do not be complacent and assume that Bitcoin is completely immune to security vulnerabilities or perfectly secure. Bitcoin has never faced any major incident or challenge, but that does not mean potential risks do not exist or will never emerge in the future.

Bitcoin is currently the best option today, but that is not a reason to put all your eggs in one basket. Diversification remains a better option than relying on a single asset.

So far Bitcoin blockchain has had no 51% attack and it's big different with altcoin blockchains. The cost of attacking Bitcoin blockchain is big and together with consequence of such attacks is price dump, there is no reason for people to attack Bitcoin blockchain if their purposes is getting profit with bitcoin.

How many Bitcoin confirmations is enough?
https://jlopp.github.io/bitcoin-confirmation-risk-calculator/

No one want to spend very costly fund for such attacks while in the end, no benefit in money can be gotten.

It's about blockchain security, while with users they have to take care of security with their devices, wallets, backups and with their Bitcoin transaction broadcasting too.

[dansus021]

First of all, you are not wrong. No system is safe. Even for Bitcoin itself.

Bitcoin for now is the safest bet if you want to make an "investment" Zcash ethereum litecoin and other is altcoin and they actually want to be next bitcoin by making a good code, faster transcation speed and lot other but all of that is comes with their own risk.

I mean what happen with the Zcash is kinda unique, I mean their core developer itself just barely know that there is a major bug like that especially after their most core member left the foundation company. Even we do your own research sometimes we still miss one or two things

[snowpega]

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after year, a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

Yes, obviously, Bitcoin is still the safest asset we have in the digital space, and this is the reason why people call it digital gold.
Other than this, if one is getting panicked by seeing its volatility, then, in my point of view, that person has insufficient knowledge about the bitcoin market, as it is just normal for the bitcoin market, as this is its market behaviour. Those who really understand these basic fundamentals start to buy when the market starts to drop its market value, and they don't panic because of these drops.

They even consider it a buying opportunity in the market, and they rush to accumulate more and more bitcoin so that they can hold it for the long term, and they save their funds in bitcoin to fight against the rising rates of inflation and earn a good amount of profit at the end of the day.

[DiMarxist]

When it comes to block chain technology Bitcoin is the king and most safest one. When it comes to saving money Bitcoin still leads the way because Bitcoin is free of any form of vulnerability when compared to other crypto currencies. Bitcoin is safe and Free from any form of threat making it one of the safest places to secure and store your money that, you will feel relaxed.