Bitcoin Forum

"Darknet marketplaces have always been of keen interest to cryptocurrency enthusiasts. To be more specific,  some marketplaces have started to accept different cryptocurrencies as of late. AlphaBay is by far the largest darknet market right now. In recent months, they enabled Monero and Ethereum payments. It now appears ZCash can be added to this list come July 1st."

It's time to fill your bags guys  8)


http://www.livebitcoinnews.com/zcash-support-coming-alphabay-july-1st/

That's big news. Anyone know how Monero being added to AlphaBay effect the price directly?

Did a bit of my own research. Monero's price increased 6 fold after being added to AB.

"After Alphabay and a smaller dark web black market, known as Oasis, integrated the cryptocurrency last summer, its value immediately increased around six-fold. Alphabay told Bitcoin Magazine last month that the currency now accounts for about two percent of its sales."

Source: https://www.wired.com/2017/01/monero-drug-dealers-cryptocurrency-choice-fire/

This "news" are nearly a month old...as the XMR price exploded, nobody knew about it and the price reacted immediately to the news. So do not hope too much for Zcash.

The CEO of the Zcash company said also he would like to find a way how to sort out the criminals (maybe through a backdoor).   ;D

an old news on June 11, ZCash should have increased since this news

Strange that there is no reaction on Zcash since the news 6 weeks ago... I was almost excited when I saw the thread title and looked at Zcash (it doesn't seem to do very much, does it?). What do you think? Worth the buy? 1 July is only a few days away.

Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.

Good. Real world use is always good. XMR is probably the better choice, but at least you have people buying and selling.

Drugs, counterfeit bills, fake IDs...so long as it's not kiddie porn, I'm cool w/ it. Anything but child porn. That stuff makes my stomach churn.

I'm interested to see how this plays out post July 1st

Only a dimwit would use a privacy coin developed by a US corporation. You can bet your ass there are hidden backdoors. Zooko basically admitted as much in one of his recent tweets.

Truth about Zcash: https://mobile.twitter.com/matt_odell/status/879731210808942593

Not only EU but there are many "projects" that try to make as less anonymous as possible the most popular cryptocurrencies.

Why I haven't heard about AlphaBay before? I googled it and seems an underground market, right?

Beside this EU project there are private companies that are doing block chain analysis. Yes they also hope to get something from this and also just selling their services to all that will need to trace peoples payments.
Sellers that will want to know your shopping habits.
Companies that will want to know how much you pay your workers.
Charity organizations that will want to know how much money you have.
.....


and yes AlphaBay is biggest DarkMarket. Right now apparently run by Russia mafia. It was not started by them. A bit more about darkmarkets you can listen here. Apparently this lawyer is a PRO:
https://www.youtube.com/watch?v=j3PPUb38mjo
https://www.youtube.com/watch?v=8thP_5aVh04

Wrong.
You do not understand probably how zcash works.

There is 2 transaction method which you choose.

1.Starting with "T" letter is just as pseudoanonimous as original Bitcoin and basiclly is Bitcoin Core 0.11 fork version.

2. Starting with "z" letter is fully anonimous and based on ZKsnark - Zero Knowledge proof algorithm.

Blokchain is not transpared and transaction is anonimous.

Still there is coins with transparent blokchain and annonimous transactions like Dash.Well at least Dash say so.

Zcash is also planing to be integrated in Raiden Network and atomic swap with ETH soon.

So I think it will be better,annonimous paying method against ETH ,LTC or BTC soon (mainstream 1-2 years)

AlphaBay is Big.

Even it is 1 month latter news I expext grow with real usage.


P.S.

It is funny that some research institutes like Masachusets Institute of Technology and Tel-Aviv  University is working for Privacy in net.

While others financed by EU is working against it.

I am betting on zcash and Israel research institutes.EU have no chance here.

However, ZCash valuation seems not to do great in the last 10 days, which would have been more than enough time to "explode", especially since the news is not that new.
Of course, time will tell. It's not so bad to keep the eyes open just in case a good opportunity for speculation comes up, but I don't expect too much. Maybe people are also disappointed on how Monero price has evolve... (especially compared with DASH)

This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.

Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.

not true. the only truly anonymous payments are with Zcoin

Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.

You also have an option to send transaction as you send it with Bitcoin-transparently in blokchain.putting letter "T"

Not putting any of latters by default will not send anything.

Thats simple.

You guys dont get what is "Anonimity by default" , right ?  There is no possibility to send a transperent transaction and this is how a anon currency should be. Every transaction is anonymous.
Not to mention this trusted setup thing. Winner winner chicken dinner question: What is wrong with a "Trusted setup" in an trustless technology?

If 90% of ZCash users dont use anon transactions then those 10% that use it stands out. And this block chain analysis will trace them easily.   That is a difference between optional anonymity and an anonymity.

Zcash price does not seem to be reacting to this event so far. Let's hope some rise is there after the fact.

I think those who need annonimity will select it for their wallets.

You can not send transparent transaction to annonimous wallet. You will have only 1 option,only annonimous sending.

It will be easier,faster and chiper than using Bitcoin mixer.

Seems you had not understand anything I wrote. Please first stop by what will EU put 5 billions euros in. So what actually is a blockchain analysis.  https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/
ZCash transactions that are selected to be anonymous will not be anonymous because of those that are selected to be transparent. It is that way today and will be way more in 5 years from now when thee will be lots of analysis tools made and available for everyone to use.
Transactions can be anonymous only if all transactions are anonymous.

I get your idea man, but I can not agree with it.

Because you can not send transparently to annonimous wallet.

If I provide you adress with Z letter it is annonimous. If you will send it as T adress,transparently. Nothing will hapen because there is no such adress created before. There is only Z adress created by me and provided. And it is invisible ,because blokchain of z are not transparent.

And EU authorities can give whatever big money,but they have no chance against zk-snark.

they start effectively trace Bitcoin


Thats why alphabay adding Monero and Zcash.
They also not recommend to use Bitcoin anymore.

"The ceremony used a multi-party computation protocol with the property that the resulting parameters are secure unless all of the participants were dishonest or compromised during the ceremony."

pretty much sums it up.

Alphabay definetly made researches from their specs.bussines depends from it. No reason to make false agreement.

Zcash coin is very promsing coin so i think the price of this coin will reach 1000 dollars before end of thid year 2017 or maybe in the next 2018. But we dont know what will the price of the zcash. Today is july 1 and do you think today zcash will increase because of your new have been posted. I cant wait see zcash increasing the price so hurry up buy zcash coin now yo make a lot of profit. Hold it and keep it.

Wow, AB goes down pretty much the exact moment they implement ZCash..

https://mobile.twitter.com/zooko/status/863202798883577856

Seems ZCash is putting in backdoors.

http://www.torontosun.com/2017/05/31/36-people-arrested-in-hells-angels-raids-in-quebec

I dont believe really in coincidences.
ZCash company statement was they would like to try to filter criminal transactions.

So maybe a backdoor is inside Zcash?

So in a way, is Zcash some sort of honey pot then?  That would be funny.  Especially the part that Zcash lead the feds to AB's doorstep, if true.

Here's the quote from the CEO of Zcash (link above):


Why anyone uses anything but Monero for private transactions is beyond me. BTC is a public ledger and is not anonymous, and mixers won't hide transactions. Dash isn't private, nor is Zcash (https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php).

I think Monero is also good. But ZCash being added gives it a lot of publicity also!

What do you mean 'also good'?  It's the f*cking best anon cryptocurrency out there.  Please do your research and only listen to the people who actually try to question the crypto status quo and are skeptical on what these 'oracles' try to feed us.

You could disagree with their opinions and ideas, but at least they're giving you something to think about.

13 Kb per transaction, minimum. Sure, it is completely awesome LOL.

Most of that is from something called a "range proof".  They've already figured out how to reduce the size of range proofs by almost 50%. This will take effect after the next hard fork. Furthermore, in the future most users will be running light nodes, which won't need to store range proofs. So the fact that most transactions are currently 13kb is not a very good argument against Monero.

If the main developer is saying that.. pretty damning evidence

This all make Zcash bad investment for sure.

After Bitcoin will activate Segwit more new future will come including confidential transactions.

That will make Zcash,Monero and Dash less competitive.
I think Zcash is allready burried after Alphabay get busted by police.

Monero can fall in price too.

Zcash killed alphabay. The markets are soon going to adopt monero, just like wallstreet

Some are already adding like Wall Street Market , Trade route market and Zion. Probably some more, but I dont know.  Hansa will add Monero after multisig will be ready.

Zcash is a backdoor virus and their developers do not even hide their intentions of creating a backdoor to deanonymize certain transactions.
Everyone who relies on such a system does not deserve any pity.

Yeah agree. ZTrash

I dont get why it have been recovered from price fall.....

It has backdoor to make transactions visible


It was most probably ruined Alphabay.




STOP THE POLICE

STOP THE POLICE

STOP THE POLICE

STOP THE POLICE

STOP THE POLICE

STOP THE POLICE

STOP THE POLICE

did i miss the news? can i get a link?
omg shocking, its true:
https://mobile.twitter.com/zooko/status/863202798883577856

why did he say that and what exactly does it mean.


either you are anonymous or you are not, what a fucking shitstorm.
did people not talk about this? how could i miss this >(

i would have expected the takedown because its the most secure system.
man this could take down zcash and all forks ><