#ElectricCoinCo

⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2025-12-10

#EpsteinFiles: not only did Jeffrey #Epstein fund the entire bitcoin development team at #MIT Media Lab from 2015-????, he took a special interest in Madars Virza, co-founder of the "privacy coin" ZCash (#ZEC).

#ZCash “fixes” the main issue with bitcoin, at least for people like Jeffrey Epstein. Zcash transactions are encrypted / private and therefore nothing about them is publicly visible in a block explorer¹ (and therefore any suspicious large transactions would not even be noticed).

ZCash, (unlike #Monero / #XMR, its prime competitor in the “privacy coin” space), is not an open source project. It’s privatized secret money created by a corporation. That corporation (Electric Coin Co.) also just so happens to have been funded by DCG, the crypto VC fund Larry Summers sat on the board of for 7 years after being introduced to Brock Pierce by Jeffrey Epstein. ZCash is actually one of #DCG’s flagship investments 🤔

Hard not to think that Epstein wasn’t meeting with #MadarsVirza to make a few “feature requests” that would make #ZCash more useful for people like Jeffrey #Epstein.

(it’s also worth at least mentioning that all of the cryptoverse’s biggest cretins like the #Winklevoss twins, Naval, Emperor Shillbertine, etc. started pushing ZCash HARD a month or two ago as the “true” bitcoin, but that’s probably a subject for a separate post)

¹ though a lot of people think the transactions are visible to #ElectricCoinCo via a backdoor, which is v. different from Monero. i haven't done the work to have an opinion on whether that's true or not, but a lot of bros call ZCash some variant of "CIAcoin"

#crypto #medialab #privacy #EpsteinFiles #madars #Virza #blockchain #LarrySummers #uspol #BarrySilbert #cryptocurrency #JeffreyEpstein

Madars Virza
/ About me / Publications /
Madars Virza

I am a Research Scientist at MIT Media Lab where I work with Joi Ito on cryptocurrencies (at the Digital Currency Initiative) and Ethics of Artificial Intelligence (at the Ethics Initiative).

I co-invented Zerocash and co-founded Zcash. Both of these rely on libsnark, the efficient C++ library for zero-knowledge proofs, that I am an author of.

I recently graduated with Ph.D. in Computer Science from MIT, where I was fortunate to be advised by incomparable Ron Rivest. My Ph.D. thesis, also on libsnark, won the George M. Sprowls Award for Best MIT Ph.D. Thesis in Computer Science. Before coming to MIT I did my undergraduate work at University of Latvia under the excellent guidance of Andris Ambainis.

The best way to reach me is: madars@mit.edu. You can also send me physical mail but due to COVID-19 I am not checking my mailbox too regularly.From: Joi Ito 
Sent: 11/22/2017 6:14:38 PM 
To: jeffrey E. [jeeyacation@gmail.com] 
Subject: Re: 
Importance: High 
Lots of stuff going on that week but I'm in town. 
#metoo is quite amazing... 
Madars is doing well. His PhD paper won an award and he found a vulnerability in ING's new crypto currency. 
Sent from my iPhoneDate: Monday, May 6 2019 10:52 AM 
Subject: Re: $25K from ASU 
From: Joichi Ito < 
To: Jeffrey Epstein <jeevacation@gmail.com>; 
That would be great. I've been busy, but good. How are you? Heard you saw Madars. 
> On May 6, 2019, at 06:48, J <jeevacation@gmail.com> wrote: 
> i can have andrew farkas , he gave a building to the hasty pudding harvard. fund plant guys. how are you >?@Cryptadamist Nov 13

1. blame the collapse of bitcoin on "muh the government"

2. "true crypto has never been tried", sorry about all the money you lost

3. time to buy into our new ponzi Zcash / $ZEC

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