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The talent pool of devs is the limitation. I want the best available, the most secure network, and if it does something different, even better. Very few coins have anything new to offer and are copy/pasting code from more developed coins--they are always playing catch-up. Innovation is limited and the talent tends to pool to those projects that are unique or doing something new or better.
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IOTA is not undervalued but waves might be. I hold some waves bought it months ago, I think it will rise much in 2018.
You don't think Iota is under valued? I posted this in anothert topic somewhere but I will repost here. It has HUGE marketable potential and will get quickly be recognised as such. A complete blockchain killer or at the very least something completely new aND Ioriginal ____ People often say that the technology is very far off from being of practical use but I've been reading up on articles and news pieces to do with iota and it didn't seem to be the case at all. IThings are actually further along the development process than a lot of other Crypto currency projects that are valued higher and it is catching the eye of some very large industrial sectors, the most recent being the Bosch group. For a project that can be incorporated into so many aspects of our livesses I would expect this to rise to 10 dollars in January and, depending on more partnership deals could well exceed 100 dollars later in the year. Just my thoughts and opinion At the moment I also don't think it is undervalued. I think that will take a few more years to get some nice use cases for IOTA. Or do you know anybody who used IOTAs for M2M- communication ... no As soon as there are correct usage scenarios, the value will definitely shoot upwards. Yes: https://data.iota.org/Things are theoretical until they're not. If you can correctly identify useful technologies before they reach mass consumption, you get the early adopter price. If you are really early you get the innovator price.  |
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Zcash, Dash, Monero
Dash forces you to trust that node stakers or hosting services are not colluding to unmask tx--the word trust should not be needed. These systems are supposed to be trustless, especially if it's something as important as your privacy. Also, since there are so few private send tx, timing attacks are all the easier--same applies to zcash until they implement sapling. See: https://z.cash/blog/new-research-on-shielded-ecosystem.html |
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Also, please tell me how you have wallet privacy and staking--still waiting for someone to explain how you are going to dole out stakes based on wallet contents, but have the wallets private? If you can't explain how this happens, don't bother wasting your time trying to sell me on it--I just want to know how it is done.
That information will be released in a technical paper - call it a whitepaper if you will - by the cryptographer who is developing that feature, once that work has been completed. If you really want to know now in order to guide your decision in whether to buy XSPEC, go ask the devs yourself. But since all you want to do is bad mouth a coin whose planned upgrades will bring its fungibility and anonymity in line with Monero, and insist on conflating Spectrecoin's native Tor integration with using a non-integrated coin such as Monero over the Tor network, which would leave the user vulnerable to exit nodes while Spectrecoin does not, I would personally prefer that you wait to find out until the cryptographer releases that info publicly and the price has already jumped. So the whitepaper isn't out yet and it's not opensource? That's called vaporware. And do not get mad at me if the information isn't readily available, that's not how foss works. Don't try to claim that Monero doesn't work over TOR or that it's so hard to do that no one can do it, neither are true. Also, using Monero over a clearnet doesn't reveal tx data, so unless you are living in a country that bans cryptocurrencies, it's not needed. Until you can tell me how you plan to make staking private and all tx private, you are wasting my time. So come back when the whitepaper is done and those features are opensource. |
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Also, IP masking is trivial to add to any coin, so not sure why that is a selling point. Onchain anonymity is the hard part and that's where the majority of coins that have privacy claims fail.
The exact scenario that I'm talking about is I depostit my funds on an exchange, they scan the blockchain and see that a private tx happaned and report it to a regulatory agency and hold the funds. With Monero every XMR is indistingishable from another Monero, so there isn't this problem.
You are talking about Stealth Address and Ring Signature, so Monero and Spectrecoin have them. Yes, I agree, that non-stealth addresses should be absent in the wallet of privacy coin. Also I am talking not only about IP masking, for example, what will you do if China's state firewall will ban Monero network protocol? China's state firewall already banned Tor and it controls VPNs. Then TOR integration is pointless for those that choose to bake it in, not sure what your point is. Monero can be used over any network, hence why using it with TOR is trivial, or you can use it over I2p or the regular internet. The point of a decentralized P2P is to be robust on all available networks--if no networks are available, then no networks are available. Not sure why you bolded the part above and then agreed with my point on all wallets being private--or maybe you didn't... If not, you are failing to grasp the necesity of fungibility for digital cash--if your coin isn't fungible, you lost the right to claim it's cash. Not Tor is the main feature. 1. Spectrecoin XSPEC has OBFS4 - so it can't be banned by China (with 15% of World GPD) or other countries. Other coins can be banned. 2. Spectrecoin XSPEC has Privacy Staking on the stealth addresses - so you can create blocks for network maintaining the XSPEC-network without betraying himself. Other PoS-coins will show everyone the money of the owners, or will not participate in the maintaining of network making it vulnerable to attacks. Or will use slow and expensive PoW as in Monero - this coin can not be fast and reliable, choose one thing only. Also Spectrecoin XSPEC coins can't be marked as well as in the Monero because they both use the same features: Stealth-addresses & Ring-signature. But there are no Stealth-addresses at all in the: Verge, PIVX, Dash. You are still missing the point on fungibility, but seems a lost cause, so not gone to waste my time explaining it again. As for networks, most coins work on TOR, I2p or regular internet, so any function that used with TOR would be functional with most coins, not sure why you are assuming that they can't or why this is only the case for spec. Also, please tell me how you have wallet privacy and staking--still waiting for someone to explain how you are going to dole out stakes based on wallet contents, but have the wallets private? If you can't explain how this happens, don't bother wasting your time trying to sell me on it--I just want to know how it is done. |
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Is there anyone that does not believe using purposefully broken crypto (that may or may not have been written by an AI, LOL), in order to create a backdoor in the code is stupid and antithetical to the ideals of open source? I find it really odd that these people continue to make this claim and pretend it's okay to do this. It's not. And if this guy honestly believes he can argue cryptanalysis with MIT, well. It's not MIT, it's a group that uses the MIT banner to fool idiots like you into making a logical fallacy--IE using authority instead actual facts or solid argumentation. The same tactic was used to attack Monero. You should probably put in some time researching. You can start with ComeFromBeyond's response, then you can move onto autonomous vehicles and other things that are just a google search away. I read the response. There's nothing to research, it's a bunch of handwaving, none of which actually addresses the real issues brought up by real cryptographers. It's astonishing to me iota maintains this rabid cult following, because there's literally nothing to back up anything they claim. Talk about hand wavey--the guy invents POS and you think he's the one whose credentials should be checked? IOTA has mathmeticians on hand as well, so much for you research (are you ever gone to bother to fact check?) http://untangled.world/iota-founders/Feel free to bring up any concerns on stack exchange, you won't even need to use math. https://iota.stackexchange.com/ |
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Is there anyone that does not believe using purposefully broken crypto (that may or may not have been written by an AI, LOL), in order to create a backdoor in the code is stupid and antithetical to the ideals of open source? I find it really odd that these people continue to make this claim and pretend it's okay to do this. It's not. And if this guy honestly believes he can argue cryptanalysis with MIT, well. It's not MIT, it's a group that uses the MIT banner to fool idiots like you into making a logical fallacy--IE using authority instead actual facts or solid argumentation. The same tactic was used to attack Monero. You should probably put in some time researching. You can start with ComeFromBeyond's response, then you can move onto autonomous vehicles and other things that are just a google search away. |
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Its tangle can resolve the scaling problem and it has great collaboration with huge companies. Maybe in the future it will support something like DeepOnion deepvault and let us save file on the tangle.this coin future bright
Here's a project in that vein: https://oyster.ws/Peaq is the one I'm looking forward to as it is similar to creating erc20 tokens, but uses iota's tangle to make it less costly. |
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Also, IP masking is trivial to add to any coin, so not sure why that is a selling point. Onchain anonymity is the hard part and that's where the majority of coins that have privacy claims fail.
The exact scenario that I'm talking about is I depostit my funds on an exchange, they scan the blockchain and see that a private tx happaned and report it to a regulatory agency and hold the funds. With Monero every XMR is indistingishable from another Monero, so there isn't this problem.
You are talking about Stealth Address and Ring Signature, so Monero and Spectrecoin have them. Yes, I agree, that non-stealth addresses should be absent in the wallet of privacy coin. Also I am talking not only about IP masking, for example, what will you do if China's state firewall will ban Monero network protocol? China's state firewall already banned Tor and it controls VPNs. Then TOR integration is pointless for those that choose to bake it in, not sure what your point is. Monero can be used over any network, hence why using it with TOR is trivial, or you can use it over I2p or the regular internet. The point of a decentralized P2P is to be robust on all available networks--if no networks are available, then no networks are available. Not sure why you bolded the part above and then agreed with my point on all wallets being private--or maybe you didn't... If not, you are failing to grasp the necesity of fungibility for digital cash--if your coin isn't fungible, you lost the right to claim it's cash. |
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Even if Spectre coin is anonymous, which I highly doubt, they failed to make every coin indistinguishable from the next, which means anyone can single out a private tx as supicious.
That is a pretty unequivocal allegation. How exactly do you distinguish one coin from another in a matrix of stealth transactions involving ring signatures? Are you deliberately ignoring the fact that stealth transactions are soon going to be the default in Spectrecoin, along with stealth coin withdrawal from exchanges? That is like saying Monero lacks network privacy, knowing full well that Kovri is around the corner. It is being disingenuous at best. I'm talking about how it exist (today) as you yourself described it--I have no idea what spectre plans on doing or how they plan on achieving it. BUT, my first question is: How are stakes doled out and privacy maintained in this future spectre?Network security isn't tx privacy and is trivial to do yourself. Can a user add onchain anonymity trivially (and yes, I mean every tx so as to not mark mine as different). |
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KYC/AML on some exchanges - is the problem of any coins private / non-private.
An exchange BISQ hasn't any KYC/AML, hasn't limits, doesn't verify and doesn't know your IP because it works via Tor. Also for example Binance exchange has limit 2 BTC/day for unverified preson for any coins ($30-40K per day or ~10 M$ per year at this moment). And Bitfinex hasn't withdrawal limit for unverified preson, except USD, EUR, USDT. Yes, these exchanges will know how many coins bought by your account, also exchanges will know generated secondary stealth addresses and can see money on them.
1. But exchanges can not match your account and your person, because you are not verified.
2. Also any next money transfers after withdrawal make it impossible to know now is it your new addresses and money, or already another person has them.
So this is not such a big problem if you use Binance/Bitfinex/..., and there is very small problems if you use decentralized autonomous exchange BISQ. Let me remind you, we talked about any private/non-private coins.
The problem isn't KYC/AML for coins, but that exchanges and governments can perform chain analysis on SOME coins. Also, IP masking is trivial to add to any coin, so not sure why that is a selling point. Onchain anonymity is the hard part and that's where the majority of coins that have privacy claims fail. The exact scenario that I'm talking about is I depostit my funds on an exchange, they scan the blockchain and see that a private tx happaned and report it to a regulatory agency and hold the funds. With Monero every XMR is indistingishable from another Monero, so there isn't this problem. Even if Spectre coin is anonymous, which I highly doubt, they failed to make every coin indistinguishable from the next, which means anyone can single out a private tx as supicious. I'm guessing the vast majority of tx are not private, so you have a reduced anonymity set anyways, so a timing attack to reveal identity is more likely. As long as you fail at fungibility, you will have residual effects on privacy. Unless of course you are discussing quantum money, which doesn't exist yet. |
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Anybody else having problems withdrawing xmr from poloniex? My withdrawal has been pending for a couple of hours.
Some days the XMR withdrawal is shitty. I usually wait 20min and withdrawal something else if it didn't go through. |
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This is not a get rich quick pump and dump POW coin, this is a long term project that has and will continue to try to produce some of the best innovation in privacy that crypto has even seen. It's a shame that you won't be a part of it.
How do you dole out staking rewards and maintain privacy? That seems like an impossible trick. |
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The best private coin should have Privacy Addresses and Ring-sig/Mixing such coins as: Monero, Bytecoin, ZCash, Spectrecoin.
But if we talk about the best private coin in half a year, then if Spectrecoin will be integrated with BISQ (anonymous decentralized exchange) then Spectrecoin will have end-to-end privacy using privacy addresses & ring-sig. No one will know from whom I bought this coin, when I bought it and sold, and how much I have them on an anonymous stealth addresses.
One of the biggest markets is China. It follows the path of strict regulation of crypto currency and has a China's state-firewall that will block everything that is forbidden: Tor, anonymous coins (if it will be blocked), ... So no one coin will can be used in China with the exception of those coins that have: Tor + Obfuscator. China's state-firewall can't block only Spectrecoin that has both Tor + Obfuscator.
DeepOnion and Verge has Tor, but hasn't Obfuscator. Yes, you can install Tor and ObfsProxy by yourself, but at one point forget to start them and betray yourself. Only Spectrocoin does this automatically by default.
So if we are talking about a better investment, then the most promising coin, with the smallest market capitalization - is spectrecoin.
I completely agree with you! I believe in Spectrecoin XSPEC Check out "richlist" and "largest wallets" to see why its privacy claims are BS. Belief isn't going to stop someone from using the blockchain to analyze how many coins you have--that's not how technology works. Spectrecoin has two type of addresses: not-anonymous and anonymous(stealth). In the "richlist" and "largest wallets" you can see only not-anonymous addresses, who doesn't want to hide money. But you can't see any anonymous(stealth) addresses, tell me how much money is in this my stealth address? You can't, but you can send me money to this address. smYoRN5Kna3jo3eeAnrqoDECzG59WDajtsNZHMGZEaA9sxEYwtQDZUnGBCKM5BmXBVU4K6vKH7b6s4X oNiV7yJB8vDkhzq6HjsfMbp Exchange BISQ will work with anonymous(stealth) addresses by default. The problem (a well known one) with running optional privacy is that you create taint and later when you think your coins are safe on an exchange, the exchange can cite KYC/AML concerns and hold your coins--not the good hodl. TBH, I've never looked deeply at spectrecoin, but this problem is so obvious, I don't need to, but if do, I'm sure I'll find worse. Still not sure how you have staking with privacy, so that might be interesting to investigate.... |
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Sometimes you miss opportunity that will make you to start regretting in the future. I had always believed in IOTA but never invested in it. Now it is going to the moon and I regret creeps in. Had I known!
People thought that Monero was too high @ $4 and $40--same applies to all of the better coins. I would evaluate on potential market, rather than versus other cryptocurrencies current market cap. IOT is estimated at Trillions, not Billions, so that gives you some perspective on how much this can move. |
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