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Author Topic: Zerocoin - has it's time come?  (Read 3230 times)
shtako
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March 28, 2014, 03:41:58 PM
 #21

There is no way Anoncoin could be better Zerocash. What Anoncoin adopted was an old library of Zerocoin, but Zerocash will be something like Zerocoin 2.0 with much more advanced technology, note that the devoloper team of Zerocoin is also devoloper team of Zerocash. Moreover, Zerocash will be fair coin with no pre-mining, but Anoncoin is premined.

Anoncoin with zerocoin implementation might be better then zerocash. It is easy to assume that zerocash will be better, but we have no way to know that. To believe that the zerocash launch will be fair is naive at best. The extremly small anoncoin premine just proves how fair and well distributed the coin actually is. Also considering trade volume and coin age.


It is obvious to see you are promoting Anoncoin because you are investing on it or mining it. But i am neither Anoncoin and Zerocash user, i'll wait to see which coin is really better.

I just hold btc and peercoin. The reason I am interested in this topic is because I believe we need an anonymous currency, and also because i look for potential investments. Looking forward to see this play out.  Smiley

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March 28, 2014, 04:05:13 PM
 #22

The concept seems to be very popular at present.Emunie also has anonymous functions, don't know who is more difficult to track.

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March 28, 2014, 04:22:58 PM
 #23

Anoncoin with zerocoin implementation might be better then zerocash.

Do you have any technical evidence to back your claim ? I already said above that Anoncoin is going to adopt 'old version' of Zerocash, i.e. Zerocoin. So it is obvious to see that the 'new version' Zerocash will be better. The people behind Zerocoin/Zerocash are serious scientists from John Hopkin University, whose talent definitely will bring something big to crypto world.


It is easy to assume that zerocash will be better, but we have no way to know that. To believe that the zerocash launch will be fair is naive at best. The extremly small anoncoin premine just proves how fair and well distributed the coin actually is. Also considering trade volume and coin age.
Let me remind you that Zerocoin was an proposed extension to Bitcoin, this mean if it would be adopted, Zerocoin dev make no commission, because there would be no pre-mined Bitcoin for the dev. They did Zerocoin as an science project without any profit. Therefore i believe they will make Zerocash the same, a purely science project.

You are the first person who said a premining is 'fair'. Pre mining is NOT fair, no matter how small the premine is.
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March 28, 2014, 04:23:51 PM
 #24

Or perhaps Darkcoin once it's made open source? (don't think it is yet...)

Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world.

Don't forget DarkSend : http://www.darkcoin.io/downloads/DarkSendDocumentation.pdf
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March 28, 2014, 04:29:18 PM
 #25

Or perhaps Darkcoin once it's made open source? (don't think it is yet...)

Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world.

Don't forget DarkSend : http://www.darkcoin.io/downloads/DarkSendDocumentation.pdf

That DarkSend function is based upon CoinJoin, i explained above. It seems that you are the one doesn't understand how DarkCoin/DarkSend work, not me.
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March 28, 2014, 04:45:55 PM
 #26

Or perhaps Darkcoin once it's made open source? (don't think it is yet...)

Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world.

Don't forget DarkSend : http://www.darkcoin.io/downloads/DarkSendDocumentation.pdf

That DarkSend function is based upon CoinJoin, i explained above. It seems that you are the one doesn't understand how DarkCoin/DarkSend work, not me.

Waw chill out I never said that you don't understand a thing ... DarkSend actually in beta 5 is in constant evolution just check the link that's all.  Shocked
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March 28, 2014, 04:49:29 PM
 #27

Or perhaps Darkcoin once it's made open source? (don't think it is yet...)

Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world.

Don't forget DarkSend : http://www.darkcoin.io/downloads/DarkSendDocumentation.pdf

That DarkSend function is based upon CoinJoin, i explained above. It seems that you are the one doesn't understand how DarkCoin/DarkSend work, not me.

Waw chill out I never said that you don't understand a thing ... DarkSend actually in beta 5 is in constant evolution just check the link that's all.  Shocked
Of course i already visited that link, it look like an announcement and a guide, there is very little technical information.

No matter how many beta version it have, DarkSend is still CoinJoin, nothing new.
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March 28, 2014, 04:50:06 PM
 #28

Zerocoin offers real anonymity - which we all of a sudden really need.

Anyone have any idea if the devs will add it any time soon (or ever?)

Hi!

I really don't know about Zerocoin. But there is a coin that probably implements a real anonymity already. I can't proove they are 100% correct from the mathematical point of view but they provide a very thorough paper (see bytecoin.org) and a working (and even running already) implementation.

There is a number of issues I consider to be obscure regarding this coin: name, launch data (June 2012), very strange site, no developers available on bitcointalk.org, ... But in case this coin is really anonymous it is worth close attention. And a comparison with Zerocoin could be very interesting.

All known details are here (thank's for DStrange): https://bitcointalk.org/index.php?topic=512747.0

UPD: They have a cool site explaining things a little bit: https://cryptonote.org/inside.php

Vote for BitMonero on Comkort exchange: https://comkort.com/vote
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March 28, 2014, 05:18:37 PM
 #29

Zerocoin offers real anonymity - which we all of a sudden really need.

Anyone have any idea if the devs will add it any time soon (or ever?)

I am not positive what you are referring to when you say "which we all of a sudden really need"?, but:

"Green has said that intent of Zerocoin is not to facilitate criminal activity, and suggested that a “back door” or other features could be added to the Zerocoin protocol to allow police, as one example, to track money laundering."

http://www.newscientist.com/blogs/onepercent/2013/03/bitcoin-zerocoin.html

If you are referring to the recent IRS ruling...my guess is that the government will still consider tax evasion as criminal activity.

Zerocoin's dev denied this rumor about backdoor:
Quote
In an attempt to put the issue to rest, Green claimed that a backdoor was impossible, anyway; "If someone did try to build a back door for any reason, the open source Zerocoin would quickly become Zero-adoption."

His sole purpose on Zerocoin/Zerocash project is to take anonymity of cryptocurrency to next level. Why would he do that?

Moreover, Zerocoin will be open source project, which mean anyone, any cryptographer, any software engineer can analyze its source code. If it has a backdoor, we'll know for sure.

If that is true...and I am not at all doubting that you are correct...then I suspect that Zerocoin is dead out of the box because governments WILL certainly make illegal dealing in cryptocurrencies which can be easily used to facilitate illegal activities (which means they will never have a chance of mass adoption).

I haven't followed Zerocoin very closely...but in fact I think that I recall that the developers of the protocol tried very hard to have it adopted into the Bitcoin protocol...but that it was rejected for the very reason that it was assumed that this would create significant friction with moving Bitcoin forward into more mainstream adoption (a smart decision I would say).

It was only after that time that Zercoin developers proposed to issue their own coin.

I agree this:Zerocoin will be open source project, which mean anyone, any cryptographer, any software engineer can analyze its source code. If it has a backdoor, we'll know for sure.

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March 28, 2014, 06:08:07 PM
 #30

Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.

We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct.


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March 28, 2014, 07:01:41 PM
 #31

Anoncoin with zerocoin implementation might be better then zerocash.

Do you have any technical evidence to back your claim ? I already said above that Anoncoin is going to adopt 'old version' of Zerocash, i.e. Zerocoin. So it is obvious to see that the 'new version' Zerocash will be better. The people behind Zerocoin/Zerocash are serious scientists from John Hopkin University, whose talent definitely will bring something big to crypto world.

I don't have any technical evidence to back my claim and neither do you. It's just speculations. But lets look at the facts. The original zerocoin were created to be implemented in bitcoin and improve the privacy, and  its now implemented in anoncoin. We can assume that the quality of the original paper are good, and gnosis1 have made improvements. You might assume that the scientist at John Hopkins is brighter/ more motivated to create an anonymous currency then the anoncoin devs, but I disagree. I believe that a crew of unbiased and independent developers have a lot of advantages.


It is easy to assume that zerocash will be better, but we have no way to know that. To believe that the zerocash launch will be fair is naive at best. The extremly small anoncoin premine just proves how fair and well distributed the coin actually is. Also considering trade volume and coin age.
Let me remind you that Zerocoin was an proposed extension to Bitcoin, this mean if it would be adopted, Zerocoin dev make no commission, because there would be no pre-mined Bitcoin for the dev. They did Zerocoin as an science project without any profit. Therefore i believe they will make Zerocash the same, a purely science project.

You are the first person who said a premining is 'fair'. Pre mining is NOT fair, no matter how small the premine is.

I absolutely don't agree that premining/instamining i fair or OK in any way. But the premine of 1000 blocks or 0,1% 9 months ago, mostly given away in faucet is not that bad. Just compare with other coins like darkcoin with an 13,8% instamine.

Why do I think they want to make some money on zerocash? It is simply because they can. They chose not to support or even reply to any of the altcoins who reached out and wanted help with implementing zerocoin. If the science part where the most important, why not test their paper in practice?

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March 28, 2014, 07:09:05 PM
 #32

Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.

We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct.

You are probably right. I am only speculating and might be totally wrong. But we don't have evidence to discard my comments as incorrect either. Time will tell.  Smiley

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March 29, 2014, 07:24:02 AM
 #33

Or perhaps Darkcoin once it's made open source? (don't think it is yet...)

Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world.

Thanks for the information about DarkCoin. I was looking for this information.
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March 29, 2014, 07:33:14 AM
 #34

Zerocoin offers real anonymity, this is a good start, will also gradually taken by the people and recognized. We have gradually found its safety.

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March 29, 2014, 07:46:23 AM
 #35

What's happening with ZeroCoin? Last I heard a few months ago it was supposed so be released, have heard nothing since.

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March 29, 2014, 07:59:04 AM
 #36

Zerocoin offers real anonymity - which we all of a sudden really need.

Anyone have any idea if the devs will add it any time soon (or ever?)

Can you please tell me how a fucking HEX Edited coin is any different and offers any more anonymity then other coins out there? Why even post this thread I really don't understand what the hell some of you are smoking.

You idiots would buy a rock if I told you it makes your mining operation more energy efficient. We need a community that is capable of harnessing some type of brain cells I'm surprised you had the brain power to create an account and post in the right forum ty men.

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March 29, 2014, 02:25:47 PM
 #37

Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.

We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct.

You are probably right. I am only speculating and might be totally wrong. But we don't have evidence to discard my comments as incorrect either. Time will tell.  Smiley
What are you thinking of when using the term 'zerocash', zerocoin, or have I missed something?


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March 29, 2014, 02:40:31 PM
 #38

If that is true...and I am not at all doubting that you are correct...then I suspect that Zerocoin is dead out of the box because governments WILL certainly make illegal dealing in cryptocurrencies which can be easily used to facilitate illegal activities (which means they will never have a chance of mass adoption).

Oh right, just like the government snuffed out marijuana....

[Still, you have pointed out a real risk. There's no guarantee that Zerocoin will become bootleg-cool.]






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March 29, 2014, 05:13:10 PM
 #39

Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.

We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct.

You are probably right. I am only speculating and might be totally wrong. But we don't have evidence to discard my comments as incorrect either. Time will tell.  Smiley
What are you thinking of when using the term 'zerocash', zerocoin, or have I missed something?

Zerocoin is the old paper, the proposed extention to bitcoin that anoncoin are implementing. Zerocash is v2.0 and the name they are using for the new coin they are supposed to launch.

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March 30, 2014, 02:56:40 AM
 #40

anywhere to follow info on zerocash?
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