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Title: Monero vs Zcash- who wins? Post by: ChiBitCTy on June 24, 2021, 02:56:59 PM I recently came across a video from Edward Snowden where he was talking shit about bitcoin due to it's privacy aspects, or I should say lack thereof. Personally I do not want bitcoin to ever become a fully private/anonymous payment system such as Monero and Zcash. My personal feelings are if many countries throughout this world do not even allow for basic freedoms such as women being able to drive or vote, then they sure as hell are not going to allow exchanges to operate within their borders which offer these currencies.
I am a firm believer/supporter in these types of anonymous currencies being available. There are a lot of upsides to having an anonymous currency and it doesn't have to do anything with illegalities. That being said I've come to learn that it seems like Monero and Zcash are the two most trusted/respected of the anonymous currencies. From what I've read and been told by friends who know was they are talking about is that Monero is superior to Zcash. I am wondering if anyone can provide some Pros and Cons between the two? Title: Re: Monero vs Zcash- who wins? Post by: zasad@ on June 24, 2021, 03:15:48 PM Monero is the best anonymous coin because its algorithm ensures secure payments by default.
The best development team, some of which are still anonymous. The ecosystem of the coin is very large, and everyone is already used to it. And the market doesn't need many anonymous competitors. Title: Re: Monero vs Zcash- who wins? Post by: laredo7mm on June 24, 2021, 03:38:22 PM I am a firm believer/supporter in these types of anonymous currencies being available. There are a lot of upsides to having an anonymous currency and it doesn't have to do anything with illegalities. The downside of these types of anonymous currencies is greater than the upside. It opens the path of Inglourious criminal activity like money laundering, drug deal, terrorist fundings more easily. These are some main problems in our society so we should not allow something that will make things worsen. That being said I've come to learn that it seems like Monero and Zcash are the two most trusted/respected of the anonymous currencies. From what I've read and been told by friends who know was they are talking about is that Monero is superior to Zcash. I am wondering if anyone can provide some Pros and Cons between the two? Actually, it depends on how you see it. Monero transaction is fully anonymous and there's nothing you can do about it. On the other hand in Zcash you can select a normal transaction or an anonymous one. Zcash gives a better option to choose from. Title: Re: Monero vs Zcash- who wins? Post by: Yogee on June 24, 2021, 04:56:26 PM ...Monero is superior to Zcash. IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.Quote I am wondering if anyone can provide some Pros and Cons between the two? I cannot give you the pros and cons but I just want to show you this,Quote Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations, including customer due diligence, transaction monitoring, record-keeping, and reporting suspicious transactions. Zcash was designed to facilitate compliance with the FATF “Travel Rule”, with an encrypted memo field that allows required originator and beneficiary information to be attached to virtual asset transfers between VASPs. - https://z.cash/compliance/So you should probably just choose XMR if you are after anonymity and BTC for traceable payments or transfers. Title: Re: Monero vs Zcash- who wins? Post by: newdevices on June 24, 2021, 05:56:07 PM Comparing these two coins is indeed very interesting to discuss, because they are both anonymous coins,
when compared to both according to technology, according to both they are equally good, but users in the cryptocurrency world prefer Monero over Zcash, but in terms of investment, I more likely to recommend to ZEC, because the percentage of profit that will be obtained is very large compared to XMR, try buying 1 coin only, and Hold Title: Re: Monero vs Zcash- who wins? Post by: Why you bully me on June 24, 2021, 06:09:51 PM Pretty simple, Monero. If you really care about privacy you use monero.
Title: Re: Monero vs Zcash- who wins? Post by: Jaered on June 24, 2021, 06:13:16 PM I think Monero has deeper privacy layers than ZCash. I'm sorry to say it but much vice has passed through the former. Its the preferable currency of choice for drug dealers and gun runners
Title: Re: Monero vs Zcash- who wins? Post by: vv181 on June 24, 2021, 06:19:51 PM I also wonder whether which coin has a better anonymity/privacy in terms of technicality, but I couldn't find any thoughtful explanation. It also that my lack of knowledge and experience couldn't differentiate between those two about whether what is the cons and pros. Nevertheless, I came across a post that might helpful to learn further about those coins.
~snip Monero is not a magic black box which provides perfect anonymity! If you use eg. flyp.me to buy XMR and then quickly sell this XMR on flyp.me again, it is blatantly obvious to flyp.me what you've done (if they keep logs), both due to the amounts and the specific Monero inputs used. In order to get decent privacy, you have to do something like this: 1. Convert BTC to XMR (using your own Monero wallet, not a hosted wallet). 2. In two or more transactions of random amounts, move XMR from that wallet to a different wallet/account. 3. Optionally, you can repeat the above step with additional wallets/accounts for greater anonymity. 4. Preferably in two or more transactions of random amounts, convert the XMR in your last wallet in the chain to BTC. Ideally, all of the above should be performed over as long a period of time as you can tolerate. - Pros: Possibly the best anonymity, especially if you're able to stay within the XMR ecosystem to some extent - Cons: You should use Tor with Monero, but you have to set this up manually; it's all more difficult; you're exposed to exchange rate risk; transaction fees may be significant ~snip Also, there's a post discussing Monero use cases (https://bitcointalk.org/index.php?topic=5344706.msg57267802#msg57267802) on this board, but the thread lack discussion.The State of Privacy in Cryptocurrencies - Ian Miers Quote from: https://youtu.be/AJGLhaUV8QM?t=1440 Conclusion
Ian Miers, @secparam, University of Maryland/Zcash foundation Title: Re: Monero vs Zcash- who wins? Post by: semobo on June 24, 2021, 06:55:46 PM ...Monero is superior to Zcash. IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.Quote I am wondering if anyone can provide some Pros and Cons between the two? I cannot give you the pros and cons but I just want to show you this,Quote Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations, including customer due diligence, transaction monitoring, record-keeping, and reporting suspicious transactions. Zcash was designed to facilitate compliance with the FATF “Travel Rule”, with an encrypted memo field that allows required originator and beneficiary information to be attached to virtual asset transfers between VASPs. - https://z.cash/compliance/So you should probably just choose XMR if you are after anonymity and BTC for traceable payments or transfers. Title: Re: Monero vs Zcash- who wins? Post by: DeathAngel on June 24, 2021, 07:16:48 PM XMR wins for me, it really is a great coin. The only thing is, I worry about its future due to government control & regulation etc. I worry they might really crack down on it & make it hard for people to use. If exchanges start delisting it we have a problem.
Title: Re: Monero vs Zcash- who wins? Post by: ene1980 on June 24, 2021, 08:31:04 PM ...Monero is superior to Zcash. IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.I do think that Monero is the truly anonymous coins that Zcash. Title: Re: Monero vs Zcash- who wins? Post by: blue Snow on June 25, 2021, 12:23:48 AM Both are good for privacy. each coin has its own unique way for disguise the payment. Monero who started it first, I use several time, fast and reliable to use. However, I never use Zcash, I just know the user can set the payment as private or public. Zcash more slowest half minutes than Monero, but if the user friendly with bitcoin, Zcash may be similar because has forked with adding zk-SNARKS code.
Who wins?, Monero with 2 minutes block. Title: Re: Monero vs Zcash- who wins? Post by: cabron on June 25, 2021, 12:37:51 AM It's probably the reason why some are not actually agreeing with that taproot update. But yes I'm also afraid countries could ban if going private is the route to take. However if countries are adopting Bitcoin right now, there is a chance that your country will also adopt BTC and you may only need a wallet to make transactions locally like buying grocery items. As for XMR and Zcash, I sold XMR a long time ago. XMR had been applauded by technical users actually so your best guess is that XMR will win after all its price is much higher. Title: Re: Monero vs Zcash- who wins? Post by: killerfrost on June 25, 2021, 04:19:05 AM Looking at the current situation I would rate monero better than zcash. However at the level of anonymity I think these coins are still controlled by the government, so anonymous here is just a term for what they are still doing. On the other hand, with smaller projects like GRIN, ... I can see that.
Title: Re: Monero vs Zcash- who wins? Post by: hd49728 on June 25, 2021, 04:40:36 AM Monero is the King in many anonymous, private cryptocurrencies. They all are affected by Monero performance as same as altcoins are affected by bitcoin performance. Only this fact is a confirmation that Monero is the best anonymous, private coin.
IRS list Monero into their Wanted list and gives big award for anyone, any company that can break the anonymous and private transactions via Monero. Only this offer says another fact, IRS don't give award to break transactions of other coins, they only want to do it with Monero. Title: Re: Monero vs Zcash- who wins? Post by: vabchgent on June 25, 2021, 08:09:53 AM ...Monero is superior to Zcash. IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.Quote I am wondering if anyone can provide some Pros and Cons between the two? I cannot give you the pros and cons but I just want to show you this,Quote Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations, including customer due diligence, transaction monitoring, record-keeping, and reporting suspicious transactions. Zcash was designed to facilitate compliance with the FATF “Travel Rule”, with an encrypted memo field that allows required originator and beneficiary information to be attached to virtual asset transfers between VASPs. - https://z.cash/compliance/So you should probably just choose XMR if you are after anonymity and BTC for traceable payments or transfers. And correct me if I am wrong but as far as I know the bounty hasn't been paid to anyone so far. In other words, nobody was able to crack the Monero algorithm or to develop a technology that allows to trace down transactions. I have read some interesting stuff about side channel attacks though. Interesting topic to read, just try a google search. It opened my eyes in regards to how many attack angles there are for any kind of currency and the technology it offers. Title: Re: Monero vs Zcash- who wins? Post by: thegreyman on June 25, 2021, 08:36:43 AM Monero. Hands down.
Title: Re: Monero vs Zcash- who wins? Post by: vabchgent on June 27, 2021, 10:04:50 AM Monero. Hands down. This is a funny one! :D Did you sign up to just post that one comment? :P Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever. Title: Re: Monero vs Zcash- who wins? Post by: blue Snow on June 27, 2021, 01:00:57 PM Monero. Hands down. This is a funny one! :D Did you sign up to just post that one comment? :P Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever. Title: Re: Monero vs Zcash- who wins? Post by: Yudhisthir on June 27, 2021, 02:21:26 PM Monero. Hands down. This is a funny one! :D Did you sign up to just post that one comment? :P Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever. Monero is always an active project with a large community behind it. It surely is the leader in privacy focused coins. Zcash and DASH too are not far behind. There were some rumors about zcash giving it's privacy for SEC compliance but that turned out to be false and they have kept improving it's security and remains as a strong alternative. It's more about what you and your client prefer and the real privacy comes in the way you use the coin. Title: Re: Monero vs Zcash- who wins? Post by: masterrex on June 27, 2021, 02:50:20 PM I think both coins were created to perform privacy-centric functions, and they have their own purpose to fulfill. but If I will use a privacy coin to be anonymous in my transactions I will choose Monero because it's undeniable that Monero has a superb privacy function that even the Internal Revenue Service or (IRS) of the United States of America was not able to break its encryption so that was a proof of Monero supremacy.
Title: Re: Monero vs Zcash- who wins? Post by: theinvestdude on June 27, 2021, 03:23:36 PM I still prefer monero if i want a super private transaction. Up to now im still having a hard time using the monero explorer and navigating it. So having a non-user friendly explorer offers additional privacy ;D
Title: Re: Monero vs Zcash- who wins? Post by: Coroline on June 30, 2021, 05:10:32 PM Overall, for the purposes of non-linkable private transactions, Monero tends to be preferred over ZCash (when comparing ZCash vs. Monero), while ZCash appears to be more focused on cryptography research and development, using a peer-to-peer crypto network. as a testing ground in real life (as is also evident from the number of protected transactions that actually occur in ZCash). ZCash may also be much more prone to centralization.
Title: Re: Monero vs Zcash- who wins? Post by: BigRasputin on June 30, 2021, 09:12:57 PM I still believe that monero is undervalued. Generally speaking, I expect coins that promise anonymity to be much higher in value, and monero is the most powerful anonymity investment on the market.
and also think monero and similar coins will receive more investment, as I believe that crypto-rich will spend much more to hide themselves in the future. Title: Re: Monero vs Zcash- who wins? Post by: pixie85 on June 30, 2021, 10:17:00 PM From what I've read and been told by friends who know was they are talking about is that Monero is superior to Zcash. I am wondering if anyone can provide some Pros and Cons between the two? Sure! Monero's transactions are anonymous but zcash transactions can be transparent or not. Most zcash transactions are not shielded because people choose them to be so which in a way shows that there's not much drive for privacy among its users. Zcash became popular not because it was better than Monero as a privacy coin but because it was profitable to mine. Title: Re: Monero vs Zcash- who wins? Post by: Renampun on June 30, 2021, 10:27:39 PM Monero is the best anonymous coin because its algorithm ensures secure payments by default. agree, monero is the best anonymous token...The best development team, some of which are still anonymous. The ecosystem of the coin is very large, and everyone is already used to it. And the market doesn't need many anonymous competitors. For truly anonymous transactions, Monero is definitely the answer. I've never used Monero as a transaction, but I see the community is wide and it's really really needed for truly anonymous transactions. |