Balaji Srinivasan is as soon as once more making essentially the most provocative model of a privateness argument and he’s pinning it to a particular chain: Zcash. In a Feb. 18 video shared on X, Srinivasan framed the stakes in stark phrases: “The selection is obvious. It’s Zcash or communism,” tying the rise of AI-enabled surveillance to what he described as a renewed urge for food for wealth seizure.
In a follow-up publish, he argued that AI has shifted surveillance from a state-scale undertaking to one thing nearer to an on-demand service. “Any scrap of data on-line can now be built-in, digested, and synthesized…by any state or stalker able to operating an AI mannequin…to type a file extra full than something the Soviets may ever dream of,” he wrote.
Srinivasan’s prescription was blunt: “There will probably be no single silver bullet. However something you haven’t encrypted can and will probably be used towards you.”
Srinivasan anchored his “communism requires surveillance” declare in an historic instance meant to make a contemporary level about knowledge exhaust. “In 1918, within the midst of the Bolshevik Revolution, Lenin gave an order to homicide 100 close by ‘kulaks,’” he mentioned, emphasizing that such an order “required a listing”: names, places, and a inhabitants that couldn’t simply transfer.
His argument is that the web reverses that asymmetry if encryption turns into the default. “At this time, neo-communism is rising as soon as once more. However the Web may change the sport,” he mentioned. “No full record, if we encrypt it. No mounted location, both. They’ll’t hit what they’ll’t see.”
These themes carried into an extended dialogue on the By no means Say Podcast, the place Srinivasan linked privateness to fundamental operational freedom. “For those who’re below surveillance, you’re not sovereign,” he mentioned. “If each transfer is being tracked…you don’t have the benefit of shock. You may by no means launch one thing. You may by no means have non-public deliberations.”
Arjun Khemani, a 19-year-old Zcash researcher on the episode, echoed the AI angle from the consumer facet: “Particularly with AI, having the ability to acknowledge the place you might be precisely…you’ll be able to’t have freedom with out privateness,” he mentioned, arguing that broadcasting each transaction and context sign is “not… the world that I wish to dwell in.”
The selection is obvious.
It’s Zcash or communism.pic.twitter.com/4sAG9WG0jA— Balaji (@balajis) February 18, 2026
Zcash As A Scaling Wager, Not Simply A Privateness Stance
Srinivasan’s pitch wasn’t restricted to privacy-by-principle. He positioned Zcash as a technical response to the place he thinks the market has landed on scalability: on-chain throughput wins, and routing complexity loses.
Requested why “Zcash should scale” is a “ethical crucial,” Srinivasan contrasted Bitcoin’s scaling actuality: exchanges, custodians, and database entries with the decentralization promise many customers assume they’re shopping for. “Lightning…they’ve been saying, ‘Lightning goes to be there any day now’ for 10 years,” he mentioned, arguing that real-world deployments have a tendency towards “a hub and spoke topology” resembling conventional finance rails. “Inside a financial institution, it’s quick…between banks, they do settlement,” he added, describing a dynamic he sees mirrored in main Lightning implementations.
From there, he argued crypto has successfully segmented into layers: Bitcoin for immutability and model, Ethereum for programmability, and Solana for simple on-chain execution at scale. The opening he sees for Zcash is combining “Solana-like scalability” with non-public transactions, leaning on zero-knowledge proofs as “compression expertise” as a lot as secrecy. “It’s what lots of people wished Bitcoin to be,” he mentioned.
Srinivasan additionally harassed that privateness doesn’t essentially exchange transparency, it enhances it. He argued that Bitcoin’s public ledger generally is a function for proof-of-reserves narratives, whereas Zcash’s private-by-default design targets a unique risk mannequin. His backside line is coexistence, not conquest: “It’s doable that Bitcoin… and Zcash coexist as a result of Bitcoin is clear and Zcash is non-public,” he mentioned, whereas suggesting “this might be Zcash’s second.”
At press time, ZEC traded at $259.18.
Featured picture from YouTube, chart from TradingView.com
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