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XMR has only one competitor, Zcash and that one has a flaw because it has a trusted setup and anonymous transactions are a pain in the ass to do at this moment.
Not to mention its ran by an American company, which is totally illogical for a coin which is supposed to be privacy focused. And that the founder tweeted they could make Zcash traceable for criminals. Zcash claiming to be anonymous annoyed me to the point I even started a thread trying to get Zcash enthusiasts to dispute all the faults I felt it had.. In my opinion, none of them could/did: https://bitcointalk.org/index.php?topic=2085940.msg20877048
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Thanks for posting this, some interesting points raised.
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Apologies, you're right. I have done some research, but wanted to see some other sites my fellow crypto guys might know about, and also spread the word about how Zcash is fatally flawed. Not a single response to dispute any of the facts, pretty damning evidence if you ask me.
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Thanks for the responses. Even though I agree Monero is far superior, I think that moneroforcash.com might be a bit biased. Is there a more credible source detailing these facts?
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That is the double edged sword of Zcash. In theory, its transactions are truly anonymous and fungible, above everything else including Monero.
But the downside is, you are operating under the assumption that the "ceremony" was done the right way. The entire system could be compromised for all we know, and there's no way to ever know that because of the anonymity of it, which is why I never invested (and also due the disastrous coin release which caused a massive initial bubble)
Many thanks. I actually posted this originally in a Zcash thread, and literally got 0 responses. I know for sure there are a large number of Zcash supporters watching this board, so the fact that none of them can refute any of my claims pretty much confirm in my mind they are all true. So does Monero suffer from the same insecurities Zcash does? Could you please elaborate a little?
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I am by no stretch of the imagination a cryptography genius. I have however been following and speculating on the crypto currency market since Bitcoin was worth a couple of dollars.
Can someone please explain to me why people still think Zcash is a good thing? Please dispute the following facts, because from my layman understanding of the situation its worthless:
"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."
Anything that relies on trust is fundamentally flawed.
"And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible." - Zooko Wilcox, ZCash founder.
The founder talking about making Zcash traceable in certain instances, rendering the whole concept fundamentally flawed.
Alphabay goes down the same moment they were supposedly implementing Zcash. Whether you believe in coincidences or not, its certainly is very suspicious.
ZCash is run by an American company with American investors. Conceptually, to me, this is a fundamentally flawed approach to privacy focused digital currency.
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"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."
Anything that relies on trust is fundamentally flawed.
"And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible." - Zooko Wilcox, ZCash founder.
The founder talking about making Zcash traceable in certain instances, rendering the whole concept fundamentally flawed.
Alphabay goes down the same moment they were supposedly implementing Zcash. Whether you believe in coincidences or not, its certainly is very suspicious.
ZCash is run by an American company with American investors. Conceptually, to me, this is a fundamentally flawed approach to privacy focused digital currency.
Can someone please dispute these facts? I'm not even some super knowledgeable crypto guy.. If no ones even attempting to dispute its pretty damning evidence.
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"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."
Anything that relies on trust is fundamentally flawed.
"And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible." - Zooko Wilcox, ZCash founder.
The founder talking about making Zcash traceable in certain instances, rendering the whole concept fundamentally flawed.
Alphabay goes down the same moment they were supposedly implementing Zcash. Whether you believe in coincidences or not, its certainly is very suspicious.
ZCash is run by an American company with American investors. Conceptually, to me, this is a fundamentally flawed approach to privacy focused digital currency.
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Hello Aeoners. Is HitBTC very slow right now or is it only me? I have been trying to open the exchange but it freezes and it is very unusable. Are the having a big inflow of new people trading over there like it did with Poloniex 3 months ago?
I've heard from several reliable sources that HitBTC are selective scamming their users, avoid like the plague.
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Tried to look at hitbtc market but 2 browsers slowed to a crawl, can anyone use that site? I only allowed JS directly from hitbtc domain (and that may have been too much!). Contrary to popular opinion I quite like HitBTCs user access.. which browser are you using? Fine on Chrome.
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Did we lose? The fact these pieces of shit who try and scam the naive masses don't promote XMR is a good thing in my books.
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Don't worry. Someone will take care of that soon. Do you know something we don't?!
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It's nice to see that Aeon has remained stable after every other altcoin crashed from their highs. I hope smooth rolls out the code rebase soon with LMDB implemented. I would love to run nodes on my old laptops.
smooth has some serious skillz, I have faith Have you seen how cheap you can buy Aeon on HitBTC?! i've heavily stocked up.
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Aeon, smooth is an excellent developer and applies all Monero updates to Aeon. Heavily encrypted. HitBTC is selling them for half the market value for some reason!
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You can buy ridiculously cheap Aeon on HitBTC right now.. way below market price. Once Bittrex fix the wallet the price will jump up high.
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Aeon. smooth is an excellent developer and applies all Monero's features to it, and its more lightweight. HitBTC selling them for incredibly cheap right now, practically half the Bittrex price. Once the Bittrex wallet is fixed the price will surge.
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Aeon. You can currently buy them much cheaper on HitBTC, once the wallet is fixed on Bittrex the price will sky rocket.
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Is it not concerning that there is such a huge delta between the bittrex and hitbtc prices of AEON?
Dude that was my secret of buying cheap Aeon, why'd you have to tell everybody
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Monero is the only coin worth buying.. see what happened to Alphabay? Encrypted coin is key..
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If the main developer is saying that.. pretty damning evidence
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