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Author Topic: TumbleBit sounds absolutely amazing.  (Read 935 times)
calkob
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February 12, 2017, 12:18:53 AM
 #1

This innovation in Bitcoin sounds like it will be a game changer  Grin will it be the end of Monero and Zcash and the like ?

https://bitcoinmagazine.com/articles/better-bitcoin-privacy-scalability-developers-are-making-tumblebit-reality/
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February 12, 2017, 01:42:20 AM
 #2

This innovation in Bitcoin sounds like it will be a game changer  Grin will it be the end of Monero and Zcash and the like ?

https://bitcoinmagazine.com/articles/better-bitcoin-privacy-scalability-developers-are-making-tumblebit-reality/

Joinmarket has been in existence for ages.
I don't see why TumbleBit is creating all this hype.

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February 12, 2017, 04:49:43 AM
 #3

This innovation in Bitcoin sounds like it will be a game changer  Grin will it be the end of Monero and Zcash and the like ?

https://bitcoinmagazine.com/articles/better-bitcoin-privacy-scalability-developers-are-making-tumblebit-reality/
No this won't be the end of monero or Zcash as you don't have the issue of possibly getting coins that are currently being tracked by someone.

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February 12, 2017, 05:33:45 AM
 #4

This innovation in Bitcoin sounds like it will be a game changer  Grin will it be the end of Monero and Zcash and the like ?

https://bitcoinmagazine.com/articles/better-bitcoin-privacy-scalability-developers-are-making-tumblebit-reality/
No this won't be the end of monero or Zcash as you don't have the issue of possibly getting coins that are currently being tracked by someone.

Once a single coin is tracked by almost everybody and every agency it can be considered to be "clean" again. Like following footsteps on a dusty trail where a stampede has milled ower. Tracking BTCs is more simple in theory than actually doing that.

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February 12, 2017, 05:49:00 AM
 #5

This innovation in Bitcoin sounds like it will be a game changer  Grin will it be the end of Monero and Zcash and the like ?

https://bitcoinmagazine.com/articles/better-bitcoin-privacy-scalability-developers-are-making-tumblebit-reality/

This is one of a kind innovation in bitcoin. But before it will be adopted it should be tested properly it because when problems happen many will suffer. And so this needs furhther testing before implemented. If this will be successful then we can even transact bitcoin offline as the article would say. This is much better to segwit and LN, it is the complete package.

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February 12, 2017, 06:17:08 AM
 #6

Tracking BTCs is more simple in theory than actually doing that.

I agree with you, bitcoin is enough for privacy if the one who is using it doesn't expose himself or his bitcoin addresses. If not than there is monero and zcash for better anonymity all other projects will just hype the word increased privacy to get some place in marketcap.   Grin

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February 12, 2017, 11:46:27 AM
 #7

TumbleBit could be a great add to bitcoin but I have my doubts about actually getting this implemented. but I wonder what would It take for the core developers to agree adding this and when and mostly what's the governments standpoint will be in that case , the more developed bitcoin gets , the more the banking system and governments gets angry and that's not really in our favor.


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Denker
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February 12, 2017, 11:58:05 AM
 #8

Mimblwimble, Joinmarket(Coinjoin), Tumblebit etc.
So far it's all just mostly talk and can not be used and no one knows if it ever will be.
Therefore nothing to get really exciting about.
We have other problems we should focus on in the first place.And imo this is solving this dumb blocksize issue that both parties, small block and big block fraction can be happy.

panju1
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February 12, 2017, 12:17:02 PM
 #9

TumbleBit could be a great add to bitcoin but I have my doubts about actually getting this implemented. but I wonder what would It take for the core developers to agree adding this and when and mostly what's the governments standpoint will be in that case , the more developed bitcoin gets , the more the banking system and governments gets angry and that's not really in our favor.

Core developers adding this?? That is not going to happen. We have trouble finding consensus on pressing issues like the blocksize.
This will function as a layer on top of existing bitcoin transactions - much like coinjoin does.
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