TLDR Tech / Crypto
DATs Are Lame
Cypherpunk Technologies is publicly rejecting the DAT model, given that treasury companies offering public wrappers around hoarded assets represent financial engineering arbitrage rather than product innovation, a critique reinforced by broad MNAV compression and discounts on weaker entrants. The company holds 294,743 ZEC (1.78% of total supply) and is targeting 5% of the network, framing the position around a thesis that private digital money capturing 1% of the $10T+ offshore undeclared wealth market implies a $100B Zcash network, compared to ZEC's current 0.4% of Bitcoin's market cap.
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