More and more people are waking up to why financial privacy is so important, and just how invasive the traditional banking system is. Many cryptocurrencies, even though they give you back control over your money, are actually pretty bad for privacy, and can expose your full transaction history and holdings to everyone. That’s where Privacy coins come in. This is the first of many videos exploring various privacy coins and how they can bring anonymity back into your life -- We're starting with Zcash 00:00 - Intro to privacy coins 02:10 - Zero Knowledge Proofs 02:45 - Fungibility 05:00 - Shielded vs Unshielded transactions 07:30 - Transaction Fees 07:37 - Unified Addresses 07:55 - Trusted setup 08:53 - Auditing the supply 09:50 - Scaling 10:33 - Recommended products A special THANK YOU to Nathan Wilcox for chatting with us about Zcash! NBTV team behind this video: Lee Rennie, Will Sandoval, Sarah Kordyban, and Naomi Brockwell To make a tax-deductible (in the US) donation to NBTV, visit https://www.nbtv.media/support Sign up for the free cryptobeat newsletter here: https://cryptobeat.substack.com/ Beware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice. Visit the NBTV website: https://nbtv.media Watch this video on LBRY: https://open.lbry.com/@NaomiBrockwell:4/Snowdens-FAVORITE-privacy-coin-Zcash:3?r=65CZ4khtLVosPYvDbjTstVZydgm3NDF8 Here are a bunch of products I like and use. Using these links helps support the channel and future videos! Recommended Books: Permanent Record - Edward Snowden https://amzn.to/305negc No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald https://amzn.to/2UQmJ4m What has the government done to our money - Rothbard https://amzn.to/2KMzmcu Naomi's Privacy Bag: some of my favorite products to help protect your privacy! Use the Brave browser! https://brave.com/nao076 USB-C to ethernet adapter: https://amzn.to/2lOVBoy Lightening to ethernet adapter: https://amzn.to/2nWyNns Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone) https://amzn.to/3DjIvCP Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred) https://amzn.to/2SVh0J2 Computer privacy screen (use your computer in public? Keep your information safe!) https://amzn.to/2SXYHmf Phone privacy screen (don't let people in public see your private data) https://amzn.to/2YyJMnH Camera cover (for computers and phones, so no one can access your camera without you knowing) https://amzn.to/2Mt7Hic Privacy Tip: Turn off your wifi and bluetooth when you're not using them!!! (or don't use them at all)