According to @KookCapitalLLC, crypto’s ethos has shifted from roughly 10% to 95% 'scammers and profiteers,' signaling a negative stance on profit-first narratives and a preference for cypherpunk values. Source: @KookCapitalLLC on X, Nov 9, 2025, https://twitter.com/KookCapitalLLC/status/1987509603781771294. According to @KookCapitalLLC, Zcash (ZEC) is explicitly rejected as an 'ethos' coin while Monero (XMR) is named the 'real ethos' privacy coin, indicating bullish sentiment toward XMR and bearish sentiment toward ZEC for narrative-driven traders. Source: @KookCapitalLLC on X, Nov 9, 2025, https://twitter.com/KookCapitalLLC/status/1987509603781771294. According to @KookCapitalLLC, some promoters backing ZEC are alleged to be 'scammers and profiteers,' with a reference link to a crypto philosophy post by @sjdedic for context. Source: @KookCapitalLLC on X, Nov 9, 2025, https://twitter.com/KookCapitalLLC/status/1987509603781771294; https://x.com/sjdedic/status/1987506440035000520.

According to the author, corporate co-option of crypto's cypherpunk values, such as Coinbase's sponsorship of political events and Ripple's lobbying efforts, could increase regulatory risks and undermine investor confidence, potentially leading to market volatility as evidenced by recent price declines in BTC and ETH.