Helius Co-founder Mert Claims Privacy Mechanism is the Foundation of Zcash's Superiority

Helius co-founder Mert Mumtaz stated that privacy is the foundation for Zcash to become a superior monetary asset. Privacy is not only Zcash's ultimate goal but also helps build a more valuable monetary asset. Internet-native currencies often come with historical transaction information, making it impossible for different coins to be fully interchangeable; however, the privacy mechanism provides the hedging properties and fungibility required for value-storing assets, eliminating the "historical baggage" of previous holders. Mumtaz believes that Zcash extends the confidentiality advantages of traditional banks to a global scale, allowing users to gain capabilities that were previously only available to a select few with just an internet connection and a key pair. Even if users do not have privacy needs, the privacy mechanism remains the foundation for Zcash to become a superior monetary asset, in addition to requiring quantum resistance and performance upgrades.

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