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This video was funded by Zcash Community Grants: https://zcashcommunitygrants.org/ ▀▀▀ SUPPORT OUR CHANNEL ▀▀▀ To buy, sell, or trade Zcash and other digital assets, get rewarded in the crypto of your choice at Gemini Exchange https://www.gemini.com/share/pgqpmw439 For easy crypto taxes and portfolio tracking, visit Koinly https://koinly.io/?via=4F651918&utm_s.... ▀▀▀ In this video, we explore the technology of money, the invention of Bitcoin, Bitcoin's privacy problem, and how Zcash provides a solution. First, we delve into the history of money and the problems with fiat currency and traditional banking systems. Then, we discuss how Bitcoin was intended to provide a decentralized alternative. However, Bitcoin provides an incomplete solution because, despite its reputation for being anonymous, Bitcoin's transactions are actually public and can be viewed by anyone on the blockchain network. This lack of privacy is a major flaw in Bitcoin's design, which has been acknowledged by its creator, Satoshi Nakamoto. We next look at how innovations in a previously unused area of cryptography, called zero-knowledge proofs (ZKPs), were implemented for the first time in the cryptocurrency Zcash. In Zcash, ZKPs are used to prove the validity of a transaction without revealing any private information. Zcash's use of ZKP makes it a more secure and private alternative to Bitcoin, while still maintaining its decentralized nature. Overall, this video provides an in-depth look at the privacy issue in Bitcoin and how Zcash's use of ZKP is the solution. It is perfect for anyone interested in learning about the technical side of cryptocurrency, blockchain and the future of money. ▀▀▀ TIMESTAMPS ▀▀▀ 00:00 Future Money 00:18 One Of Our Oldest Technologies 00:59 History of Money 01:34 Risks Of Bank and Government Control Over Money 02:22 Absolute Power Corrupts Absolutely 03:14 Banks Are Middle Men In Nearly All Transactions 04:13 What is Bitcoin and Where Did It Come From? 05:03 Who Is Satoshi Nakamoto? 05:25 How Does A Blockchain Work? 05:57 Decentralized and Hacker Resistant Money 07:04 Bitcoin’s Big Flaw 07:41 Bitcoin Is Anything But Anonymous: Edward Snowden 08:12 Satoshi Nakamoto Suggests Zero Knowledge Proofs 09:00 What Is A Zero Knowledge Proof? 10:22 Making Zero Knowledge Proofs Fast "Zero Cash" 11:20 The Origin of Zcash (ZEC): Zooko Wilcox 12:41 Why is a Private Currency Important? 13:22 Zcash Gives You Privacy Like Cash Does 13:45 “Never Give Up Cash” The Handmaid’s Tale 14:12 Privacy Problems In China 14:56 Vitalik Buterin: Techno Optimism is Important 15:28 Edward Snowden: Exchange From Anywhere at Anytime 15:41 Economies Built On Privacy Coins 16:01 Crypto Seems Crazy, But Look At History ▀▀▀ Zcash Media's mission is to supply the world with educational content about Zcash and crypto—all for the public good. Funded by Zcash Community Grants: https://zcashcommunitygrants.org/ Produced by 37 LAINES (https://www.37laines.com/) and David Boyer 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 ▀▀▀ FOLLOW US! Twitter: / zcashmedia Telegram: https://t.me/zcashmedia Instagram: / zcashmedia Facebook: / zcashmedia Odysee: https://odysee.com/@ZcashMedia:0 37 Laines: https://www.37laines.com/ ▀▀▀ 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. #zcash #crypto #blockchain #zec #bitcoin #zcashmedia #zkp #zeroknowledgeproof #cryptocurrency #cryptography #zookowilcox #privacycoin #privacy #freesnowden #privacymatters #privacyrights #privacyplease #internetprivacy #web3 #vitalik #vitalikbuterin #snowden #edwardsnowden #satoshinakamoto #satoshi