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Author Topic: ZCash added on AlphaBay on July 1st  (Read 2600 times)
AntiK (OP)
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June 27, 2017, 05:46:58 AM
 #1

"Darknet marketplaces have always been of keen interest to cryptocurrency enthusiasts. To be more specific,  some marketplaces have started to accept different cryptocurrencies as of late. AlphaBay is by far the largest darknet market right now. In recent months, they enabled Monero and Ethereum payments. It now appears ZCash can be added to this list come July 1st."

It's time to fill your bags guys  Cool


http://www.livebitcoinnews.com/zcash-support-coming-alphabay-july-1st/
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CryptoPro3
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June 27, 2017, 06:42:58 AM
 #2

That's big news. Anyone know how Monero being added to AlphaBay effect the price directly?

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June 27, 2017, 06:45:10 AM
 #3

Did a bit of my own research. Monero's price increased 6 fold after being added to AB.

"After Alphabay and a smaller dark web black market, known as Oasis, integrated the cryptocurrency last summer, its value immediately increased around six-fold. Alphabay told Bitcoin Magazine last month that the currency now accounts for about two percent of its sales."

Source: https://www.wired.com/2017/01/monero-drug-dealers-cryptocurrency-choice-fire/

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cryptimus prime
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June 27, 2017, 08:50:54 AM
 #4

This "news" are nearly a month old...as the XMR price exploded, nobody knew about it and the price reacted immediately to the news. So do not hope too much for Zcash.

The CEO of the Zcash company said also he would like to find a way how to sort out the criminals (maybe through a backdoor).   Grin
brushgee
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June 27, 2017, 09:09:24 AM
 #5

an old news on June 11, ZCash should have increased since this news
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June 27, 2017, 09:19:41 AM
 #6

Strange that there is no reaction on Zcash since the news 6 weeks ago... I was almost excited when I saw the thread title and looked at Zcash (it doesn't seem to do very much, does it?). What do you think? Worth the buy? 1 July is only a few days away.

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Febo
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June 27, 2017, 04:27:58 PM
 #7

Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
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June 27, 2017, 04:37:08 PM
 #8

Good. Real world use is always good. XMR is probably the better choice, but at least you have people buying and selling.

Drugs, counterfeit bills, fake IDs...so long as it's not kiddie porn, I'm cool w/ it. Anything but child porn. That stuff makes my stomach churn.
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June 27, 2017, 04:40:54 PM
 #9

I'm interested to see how this plays out post July 1st

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June 27, 2017, 04:51:51 PM
 #10

Only a dimwit would use a privacy coin developed by a US corporation. You can bet your ass there are hidden backdoors. Zooko basically admitted as much in one of his recent tweets.
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June 27, 2017, 06:23:52 PM
 #11

Truth about Zcash: https://mobile.twitter.com/matt_odell/status/879731210808942593
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June 27, 2017, 07:33:53 PM
 #12

Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.

Not only EU but there are many "projects" that try to make as less anonymous as possible the most popular cryptocurrencies.

Why I haven't heard about AlphaBay before? I googled it and seems an underground market, right?
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June 28, 2017, 06:58:12 PM
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Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.

Not only EU but there are many "projects" that try to make as less anonymous as possible the most popular cryptocurrencies.

Why I haven't heard about AlphaBay before? I googled it and seems an underground market, right?

Beside this EU project there are private companies that are doing block chain analysis. Yes they also hope to get something from this and also just selling their services to all that will need to trace peoples payments.
Sellers that will want to know your shopping habits.
Companies that will want to know how much you pay your workers.
Charity organizations that will want to know how much money you have.
.....


and yes AlphaBay is biggest DarkMarket. Right now apparently run by Russia mafia. It was not started by them. A bit more about darkmarkets you can listen here. Apparently this lawyer is a PRO:
https://www.youtube.com/watch?v=j3PPUb38mjo
https://www.youtube.com/watch?v=8thP_5aVh04

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June 29, 2017, 02:18:58 PM
Last edit: June 29, 2017, 02:35:01 PM by dennyd999
 #14

Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.

Wrong.
You do not understand probably how zcash works.

There is 2 transaction method which you choose.

1.Starting with "T" letter is just as pseudoanonimous as original Bitcoin and basiclly is Bitcoin Core 0.11 fork version.

2. Starting with "z" letter is fully anonimous and based on ZKsnark - Zero Knowledge proof algorithm.

Blokchain is not transpared and transaction is anonimous.

Still there is coins with transparent blokchain and annonimous transactions like Dash.Well at least Dash say so.

Zcash is also planing to be integrated in Raiden Network and atomic swap with ETH soon.

So I think it will be better,annonimous paying method against ETH ,LTC or BTC soon (mainstream 1-2 years)

AlphaBay is Big.

Even it is 1 month latter news I expext grow with real usage.


P.S.

It is funny that some research institutes like Masachusets Institute of Technology and Tel-Aviv  University is working for Privacy in net.

While others financed by EU is working against it.

I am betting on zcash and Israel research institutes.EU have no chance here.
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June 29, 2017, 02:25:08 PM
 #15

Did a bit of my own research. Monero's price increased 6 fold after being added to AB.

However, ZCash valuation seems not to do great in the last 10 days, which would have been more than enough time to "explode", especially since the news is not that new.
Of course, time will tell. It's not so bad to keep the eyes open just in case a good opportunity for speculation comes up, but I don't expect too much. Maybe people are also disappointed on how Monero price has evolve... (especially compared with DASH)

doc12
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June 29, 2017, 02:48:07 PM
 #16

Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.

Wrong.
You do not understand probably how zcash works.

There is 2 transaction method which you choose.

1.Starting with "T" letter is just as pseudoanonimous as original Bitcoin and basiclly is Bitcoin Core 0.11 fork version.

2. Starting with "z" letter is fully anonimous and based on ZKsnark - Zero Knowledge proof algorithm.

Blokchain is not transpared and transaction is anonimous.

Still there is coins with transparent blokchain and annonimous transactions like Dash.Well at least Dash say so.

Zcash is also planing to be integrated in Raiden Network and atomic swap with ETH soon.

So I think it will be better,annonimous paying method against ETH ,LTC or BTC soon (mainstream 1-2 years)

AlphaBay is Big.

Even it is 1 month latter news I expext grow with real usage.


P.S.

It is funny that some research institutes like Masachusets Institute of Technology and Tel-Aviv  University is working for Privacy in net.

While others financed by EU is working against it.

I am betting on zcash and Israel research institutes.EU have no chance here.

This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.

Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.
petrosc
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June 29, 2017, 03:36:34 PM
 #17

not true. the only truly anonymous payments are with Zcoin
dennyd999
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June 29, 2017, 05:25:18 PM
Last edit: June 29, 2017, 05:36:28 PM by dennyd999
 #18

Quote
Optional anonymity is not an anonymity.   EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.


Wrong.
You do not understand probably how zcash works.

This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.

Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.

Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.

You also have an option to send transaction as you send it with Bitcoin-transparently in blokchain.putting letter "T"

Not putting any of latters by default will not send anything.

Thats simple.
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June 29, 2017, 06:26:17 PM
 #19

You guys dont get what is "Anonimity by default" , right ?  There is no possibility to send a transperent transaction and this is how a anon currency should be. Every transaction is anonymous.
Not to mention this trusted setup thing. Winner winner chicken dinner question: What is wrong with a "Trusted setup" in an trustless technology?
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June 29, 2017, 08:04:39 PM
 #20



Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.

If 90% of ZCash users dont use anon transactions then those 10% that use it stands out. And this block chain analysis will trace them easily.   That is a difference between optional anonymity and an anonymity.
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