zcash, pirate chain, monero, prcy, which is the best coin for future of privacy?

[Why you bully me]

zcash, pirate chain, monero, prcy

What do you think will be the best and why? Is anyone of these also scams?


any advice is greatly appreciated

[1714484371]

1714484371

[Antidiluvian]

zcash, pirate chain, monero, prcy

What do you think will be the best and why? Is anyone of these also scams?


any advice is greatly appreciated

Pirate (Infinite Anonset) --->  PRCY (32 Ring Monero)  --->  Monero (old struggling to keep up and stay private these days)

In this order, Zcash dont make the cut,,,  it is absolutely not a private by default chain...

[tyz]

Pirate (Infinite Anonset) --->  PRCY (32 Ring Monero)  --->  Monero (old struggling to keep up and stay private these days)

In this order, Zcash dont make the cut,,,  it is absolutely not a private by default chain...

Didn't expect ZCash to be rated so badly.

So you would actually rank Pirate (ARRR?) ahead of PRCY and Monero regarding privacy matters? What makes Pirate so much stronger than the others?

[Antidiluvian]

Pirate (Infinite Anonset) --->  PRCY (32 Ring Monero)  --->  Monero (old struggling to keep up and stay private these days)

In this order, Zcash dont make the cut,,,  it is absolutely not a private by default chain...

Didn't expect ZCash to be rated so badly.

So you would actually rank Pirate (ARRR?) ahead of PRCY and Monero regarding privacy matters? What makes Pirate so much stronger than the others?

ZK-Snarks with Privacy by default with no transparency is what zcash devs dream of at night, but they cannot do it for obvious reasons... Paid devs never do what they want like passionate pirate devs...  they depend on a paycheck, they dont get the freedom to build what they want when they want...

Monero... Old but aged well... its dominance comes from its large network (not its algo... as the algo is not at its best today imho.)  and that can change fast in crypto even though monero has been trying hard to keep up, but we all know they will have to switch to zk eventually..... Also I went to a monero meetup in nyc/cakewallet/monerotopia/blabla and all they spoke about was defi crap. tokens, masternodes, liquidity pools... needless to say as a lifetime pirate..  very disappointing as I want to be talking about tech that can free us from tyranny like Reticulum...  true p2sh atomic swap, zkp innovations, FREE MARKETS!!!  anyway i get very passionate about this cause if you been here as long as I have, the landscape has changed and the tech people talk about looks really really immature to me..

PRCY --> Definitely a step better , I love justin from PRCY Coin, great dev and I hope he is the one who brings monero's tech to the next level as he already has with 32 rings... as we know this code is under attack from corps like ciphertrce so any security/strength enhancements now for randomx/rinct is very important and should have been done on moneros end yesterday imho....  I wanna see 128+ rings.....   but still older algo than the new ZKP stuff as the security is not just a game of shuffling. All the new tech is ZKP for good reasons these days, polygon as well forging the tech even though it aint private

Keep in mind we need all of them as REDUNDANCY in Privacy Tech....  is important. Just as redundancy is important to any corporate data center.... 

[Hispo]

My favorite privacy coin is Monero, because of the technological innovation it has done in the field of privacy for the cryptocurrency enthusiasts. I have tried it before and it works very well, the fees are slow and the mining is supposed to be designed to be as decentralized as possible, it also has a significantly big market capitalization and volume, which means the liquidity is good for both buying and selling in any platform which accepts it.

Though, because of its popularity and volume it obviously means there will be serious efforts to halt it's growth and has been delisted from many places, specially exchanges which lie in the jurisdiction of the United States and the European Union. For obvious reasons.

I have not researched much more beyond it, so I am not familiar with those other coins, if I even have got some time to read about them I am sure they also have put some interesting stuff on the table.

[Abiky]

ZK-Snarks with Privacy by default with no transparency is what zcash devs dream of at night, but they cannot do it for obvious reasons... Paid devs never do what they want like passionate pirate devs...  they depend on a paycheck, they dont get the freedom to build what they want when they want...

Monero... Old but aged well... its dominance comes from its large network (not its algo... as the algo is not at its best today imho.)  and that can change fast in crypto even though monero has been trying hard to keep up, but we all know they will have to switch to zk eventually..... Also I went to a monero meetup in nyc/cakewallet/monerotopia/blabla and all they spoke about was defi crap. tokens, masternodes, liquidity pools... needless to say as a lifetime pirate..  very disappointing as I want to be talking about tech that can free us from tyranny like Reticulum...  true p2sh atomic swap, zkp innovations, FREE MARKETS!!!  anyway i get very passionate about this cause if you been here as long as I have, the landscape has changed and the tech people talk about looks really really immature to me..

PRCY --> Definitely a step better , I love justin from PRCY Coin, great dev and I hope he is the one who brings monero's tech to the next level as he already has with 32 rings... as we know this code is under attack from corps like ciphertrce so any security/strength enhancements now for randomx/rinct is very important and should have been done on moneros end yesterday imho....  I wanna see 128+ rings.....   but still older algo than the new ZKP stuff as the security is not just a game of shuffling. All the new tech is ZKP for good reasons these days, polygon as well forging the tech even though it aint private

Keep in mind we need all of them as REDUNDANCY in Privacy Tech....  is important. Just as redundancy is important to any corporate data center.... 

Each privacy coin has its own advantage from the other. But none of them is perfect. True privacy coins are those who enforce privacy by default. Not only that, but they also prioritize decentralization/censorship-resistance above all else.

I think Monero will end up being the sole privacy coin in crypto land, as the rest fade away into oblivion. There's so much regulatory pressure that's hard for any privacy-oriented cryptocurrency project to survive it. After all, governments don't want people to experience true privacy and financial freedom. You can see why privacy coins are a very small minority compared to the rest of the other coins on the market. Even developers aren't interested in launching new privacy coins these days. Who knows what will happen in the future?

[KingDome]

Privacy is good for crypto. These four coins hide transactions in different ways.
Zcash uses zk-SNARKs, which are very good, but they need a trusted setup, which is risky.
Pirate chain uses zk-SNARKs too, but for all transactions. It also uses Komodo, which is a fork of zcash.
Monero uses ring signatures and stealth addresses, which are different from zk-SNARKs. They also have bulletproofs, which make transactions smaller and cheaper. But they are less scalable and less anonymous than zk-SNARKs.
PRCY uses zk-SNARKs and bulletproofs, which is a new combination. It also has a feature called stealth staking, which lets you earn coins while staying private.
I don't know which one is best. Most of them are unique in their way

[rat4]

What do you think will be the best and why?

The best will come from programmable privacy. Look at some projects that are being developed: Blacknet, Aleo, DarkFi.

Zcash uses zk-SNARKs, which are very good, but they need a trusted setup, which is risky.

Modern zk-SNARKs, like their Halo2, don't rely on the trusted setup.

[Abiky]

The best will come from programmable privacy. Look at some projects that are being developed: Blacknet, Aleo, DarkFi.

What about the Secret Network? Doesn't that count as programmable privacy? It's good that we have such projects, but they're still the minority compared to the rest of the pack. Most developers are afraid of building privacy projects out of fear from the governments. That makes me wonder whenever programmable privacy will have a future at all?

Modern zk-SNARKs, like their Halo2, don't rely on the trusted setup.

Funny thing is that ZK-STARKS also promised to remove the issue of a trusted setup. Yet, for some reason, developers chose another path with the introduction of Halo2. Even if they finally removed the trusted setup, Zcash still hasn't "shielded" coins held on t-addresses. These are usable on-chain, despite the fact that the ZEC protocol started enforcing shielded transactions by default.

I've seen some exchanges requiring users to deposit with a T-address instead of a Shielded address. The purpose of privacy is ultimately defeated by doing this. That's why no other privacy coin can beat Monero. With regulations getting stricter each day, I doubt the competition will survive in the long run.

[Antidiluvian]

What do you think will be the best and why?

The best will come from programmable privacy. Look at some projects that are being developed: Blacknet, Aleo, DarkFi.

Zcash uses zk-SNARKs, which are very good, but they need a trusted setup, which is risky.

Modern zk-SNARKs, like their Halo2, don't rely on the trusted setup.

Programmable privacy would work if the masses cared that much, but you can show them the most amazing stuff and if it involved 5 min extra of work.. you already lost lol. Until the need arises, privacy just aint that popular. Everyone looking for the 1 button solution to their privacy issues and then they get taken and eating up and they boil like the frogs in a pot on the stove... thinkin they livin a great life as they slowly boil.

I liked aleo when it was zexy... their a bit too corporate for a pirate like me,  but the library they building for zkp arrr incredible.
Forunately I trust only myself, so seeing how they receive funds is a big trust issue for me, not to mention drkfee choosing PoW... my faith in grassroots is dwindling...

Also research https://zeroknowledge.fm/the-power-of-tau-or-how-i-learned-to-stop-worrying-and-love-the-setup/
...that also a great site to learn more about ZKP tech

[nutildah]

Monero (old struggling to keep up and stay private these days)

Not really. Can you point to an instance where a regular Monero transaction has been de-anonymized? And I'm not talking about via using data kept by centralized exchanges.

[tsaroz]

Monero (old struggling to keep up and stay private these days)

Not really. Can you point to an instance where a regular Monero transaction has been de-anonymized? And I'm not talking about via using data kept by centralized exchanges.

Monero is the synonym for privacy. It's the most used coin in darkweb. Other alternatives are not actually in use and some like zcash has documented vulnerabilities. I have no idea about what new techs are cooking on the privacy sector but monero has been a leader for quite some years and would continue to be in foreseeable future.
Privacy based coins might not be the ideal thing for normal investors or traders to deal with. As it would get more difficult to redeem then in and out in the future.

[Bureau]

For investment purposes and privacy, I would suggest Zcash and Monero as they both are the most reputed privacy coin projects. They both have a strong community and good development and have been in the market for quite some time now. Pirate Chain is a new privacy coin that is working on improving Zcash's privacy model. PRCY as per my understanding is not risky at this point as more details need to be known about the project and the team behind it. I still think investing in a reputed privacy coin makes sense in an altcoin market that is dominated by scams.

[rat4]

What about the Secret Network? Doesn't that count as programmable privacy?

Well, Secret Network uses TEE technology, which implies a trust in tamperproofness of hardware. While this doesn't adhere to cryptocurrency ideals, it may have its own use cases.

Funny thing is that ZK-STARKS also promised to remove the issue of a trusted setup. Yet, for some reason, developers chose another path with the introduction of Halo2.

Ideas of Halo were further explored by other people: KiloNova a ZK-PCD was obtained without ZK-SNARKS and ZK-STARKS. 

[Abiky]

Monero is the synonym for privacy. It's the most used coin in darkweb. Other alternatives are not actually in use and some like zcash has documented vulnerabilities. I have no idea about what new techs are cooking on the privacy sector but monero has been a leader for quite some years and would continue to be in foreseeable future.
Privacy based coins might not be the ideal thing for normal investors or traders to deal with. As it would get more difficult to redeem then in and out in the future.

Zcash is funded by a private company (Electric Coin Company), so I doubt the dev team will prioritize privacy above all else. Not like Monero which is funded and developed by the community itself. It's like comparing Windows vs Linux. With so much propaganda against mixers and privacy coins, I doubt people will turn to any of the aformentioned cryptocurrencies anytime soon.

The industry is dominated by VCs and institutional investors. They want transparency to comply with government regulations as much as possible. Not the other way around. For this and many other reasons, privacy coins will never take off no matter what new features they bring to the space. At least, we're not tied to a single coin. As long as we have a choice, nothing else matters.

[Husires]

If I want to use a private currency, I will most likely try to hold on to the currency for a long time.  in addition to high privacy, I am looking for a currency with a stable price and there is available liquidity that I can convert to Bitcoin at any time.

Monero is the only privacy currency that meets this condition.
Zcash is not good because the price may not be stable and liquidity and ease of transfer may not be available whenever I want.
prcy is not good because the price may not be stable and liquidity and ease of transfer may not be available whenever I want.
pirate chain is not good because the price may not be stable and liquidity and ease of transfer may not be available whenever I want.

[pakhitheboss]

zcash, pirate chain, monero, prcy

What do you think will be the best and why? Is anyone of these also scams?

Best for what? Investment or Privacy be clear about it next time.

If you are looking for investment purposes then it should be Monero, because it has the potential to grow and is always paired with Bitcoin. Another benefit of investing in Morero is staking, it is not as easy anymore as it used to be when it got listed the first time on an exchange. Accumulating more whenever the market is in red will help anyone reach the goal of earning the staking reward.

If you are looking for complete privacy then Monero has proven it is the best. All other coins you have listed came after Monero and you can call it the father of privacy coin. A lot of users who are active in the forum use it to hide their Bitcoin transaction trace, which I would consider a is a good habit in the current environment we are living today.

[Antidiluvian]

Hey guys you like to talk about privacy tech and other stuff you can join my discord, im usually in voice every morning for fun conversation with community members. We focus on Tech and farming and good stuff.

DO NOT JOIN if any of these things appeal to you as we dont like most of crypto+NOT investing, we dont like defi, we dont like nft, tokens, proof of stake, masturbatory nodes, we focus on researching tech with utility and to put crypto grass rootz back on its path... me and my multiple personalitys disorder  

https://discord.gg/z2dasNVDVS

...and good point on BEST, their is no best. Monero has network dominance for sure...  and will always be GRANDPA.    but we need all privacy coins, and they need our support for one day we just might NEED them...

[Abiky]

Best for what? Investment or Privacy be clear about it next time.

If you are looking for investment purposes then it should be Monero, because it has the potential to grow and is always paired with Bitcoin. Another benefit of investing in Morero is staking, it is not as easy anymore as it used to be when it got listed the first time on an exchange. Accumulating more whenever the market is in red will help anyone reach the goal of earning the staking reward.

If you are looking for complete privacy then Monero has proven it is the best. All other coins you have listed came after Monero and you can call it the father of privacy coin. A lot of users who are active in the forum use it to hide their Bitcoin transaction trace, which I would consider a is a good habit in the current environment we are living today.

Since when do you need to stake Monero to earn rewards? It has always been a PoW coin. Meaning you can only mine it with either a GPU or CPU. From a decentralized standpoint, no other privacy coin can outmatch Monero. Even Zcash has some well-known vulnerabilities which defeat their purpose of full privacy/anonymity (a backdoor is one of them). I'm not sure if this was fixed after the introduction of the "Halo2" upgrade  though. The company behind Zcash already announced its intentions of shifting from PoW to PoS. This will make ZEC even more centralized, and a less-appealing option to the paranoid.

The crypto industry needs more privacy coins to help battle against government censorship. It already has enough "meme" coins and useless junk (NFTs, centralized "shitcoins", etc). With Wall Street on board, I doubt things will get better in the future. 

[Antidiluvian]

thank god we still have guys like this that go out there and fight for privacy, I wish more people would fight like this

https://odysee.com/$/embed/TompkinsPark_Block-2/e70b12f400890b1040271ba4ed3a779b0e427c1c
https://www.brighteon.com/e4a71907-18f1-43a2-9dbf-72c5cacf2eb0
 https://youtu.be/5Uibm3BBCUg