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Question: Which of the following crypto currencies provide true anonymity?
Dash
Monero
Anoncoin
ShadowCash
ZeroCash
Other (please specify by replying)

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Author Topic: Which crypto is truly anonymous?  (Read 3497 times)
yudy
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September 02, 2016, 02:47:18 AM
 #61

i think altcoin is monero xmr
is truely anonymous, same with bitcoin is founder moenero xmr nobody is who is monero found
dinofelis
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September 02, 2016, 03:59:54 AM
 #62

If NSA has enough incentive to unwind all the data and then target you, they can. They always have rubber hoses as a last resort.

But if the anonymity mix set is large and diverse enough, and you are a small fish, it might not be efficient or plausible from an efficiency standpoint for them to do so.

My point is that if you think anonymity will 100% protect you from illegal (or even legal but in competition with TPTB) activities, then there won't exist such "truly anonymous" where "truly" is interpreted to mean "100% certain protection".

But lack of 100% certainty is akin to life itself. Nothing is certain in life, except death (and even the upper bound timing of that might not be certain in the future).

Edit: if someone could enumerate all the ways one could be unmasked and then show mathematically it was implausible+intractable (with known computing power) to unwind in any way a certain set of anonymity mixes, perhaps one could make a claim of true anonymity. But as of now, I do not see that as realistic but I haven't actually tried to formalize all that (seems daunting and implausible just from the rabbit holes I have climbed down and analyzed). The holistic math on anonymity (over all possible attack vectors) is very fuzzy and I'm presuming it will remain so, because I presume the set of possible attack vectors is unbounded.

This.

There is a difference between "open and public for everyone to see", and "even if all state-sponsored agencies are after you with unlimited budget, you have the guarantee that even if you are sloppy, they'll never find out".

It is not because your house will not stand a nuclear impact, that you shouldn't have a roof.

Also, the more anonymity is generalized, the harder it is to "go fishing" after potential victims.  Crypto in general is a way to make life so difficult for the attacker, that it isn't worth it, or that he'll run out of resources before succeeding. It doesn't mean that there is a guarantee that an attacker with essentially unlimited means will not succeed.  This is true for crypto, and for security in general.
Abiky (OP)
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September 03, 2016, 08:22:48 PM
 #63

How will be the distribution? And about the algo, will be possible GPU mining?

ZCash uses the Equihash hashing algorithm for PoW, which is ASIC resistant. I'm not sure about it being mined in GPUs but if its going to be mineable by CPU, then it should be able to be mined with a GPU. This algo relies more on the amount of RAM you have for hashing.

You can learn more about the PoW algo here: https://www.internetsociety.org/sites/default/files/blogs-media/equihash-asymmetric-proof-of-work-based-generalized-birthday-problem.pdf


What about vcash? I read that they have something called "chain blender" that also anonymizes transactions but I have not read about it thoroughly. Maybe that should also be included in the list?

Sure. VCash also has an anonymizing technique which I've found about it a couple of days ago. Seems that they are heading towards the anon direction. Now the competition will be fierce, as once ZCash comes out it the battle will be between Dash, Monero, and Zcash in order to become the crypto that will be most used by the darknet markets.

By the way, for those looking more into VCash's anon technique you can read it here: https://github.com/john-connor/papers/blob/master/chainblender.pdf

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