Samson Mow, CEO of JAN3, has strongly advocated for Bitcoin's inherent privacy capabilities, directly challenging the notion that retail traders need to turn to Zcash for an "encrypted Bitcoin" experience. He firmly believes that the existing Bitcoin ecosystem already provides robust solutions for privacy-conscious users, rendering alternative privacy coins unnecessary.
A Direct Alternative to Zcash
Mow asserts that despite ongoing rallies in privacy coins like Zcash, retail investors have a superior and simpler path to achieve transaction privacy within the Bitcoin ecosystem. He specifically pushes back against the narrative that Zcash is a necessary or better investment for those seeking "encrypted Bitcoin," emphasizing its redundancy when more practical, integrated options exist for privacy-focused traders.
Unlocking Privacy with Bitcoin's Lightning Network
Mow points to the Lightning Network as Bitcoin's built-in, efficient privacy solution. He advises traders to purchase standard Bitcoin on any preferred exchange and then utilize the Lightning Network for withdrawals, receiving their funds in Lightning-compatible wallets such as Aqua, Bull Bitcoin, or Wallet of Satoshi. This Bitcoin Layer-2 network is designed to facilitate fast, low-fee transactions, offering a level of privacy Mow deems entirely sufficient for user demands, thereby negating any perceived need for Zcash.
