Zerocash paper released

[IloveAnonCoin]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Have you read the paper ?

[drawingthesun]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

[drawingthesun]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Have you read the paper ?

The accumulator creation event is the flaw.

It can never be trusted.

[Joshuar]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Darkcoin will be implementing Ring Signatures and I2P, plus it's existing masternodes which is better anonymity than Monero/Bytecoin I'm sorry to say, we also don't know that much about the CryptoNite protocol.

[Joshuar]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Have you read the paper ?

The accumulator creation event is the flaw.

It can never be trusted.

This^^^^^
Zerocash requires a level of trust that Darkcoin doesn't need, and that level of trust is it's biggest failure..

[giveBTCpls]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Darkcoin will be implementing Ring Signatures and I2P, plus it's existing masternodes which is better anonymity than Monero/Bytecoin I'm sorry to say, we also don't know that much about the CryptoNite protocol.

Masternodes can be traced and DDoS'd, Monero's technology is safer. By the time Darkcoin adds Ring Signatures, Monero will take the lead as the to-go anon route of the crypto world.

[Joshuar]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Darkcoin will be implementing Ring Signatures and I2P, plus it's existing masternodes which is better anonymity than Monero/Bytecoin I'm sorry to say, we also don't know that much about the CryptoNite protocol.

Masternodes can be traced and DDoS'd, Monero's technology is safer. By the time Darkcoin adds Ring Signatures, Monero will take the lead as the to-go anon route of the crypto world.

Darkcoin isn't just implementing Ring Signatures, but I2P as well...those two combined with Masternodes gives a much superior anonymity than just Ring Signatures alone like in Monero....

[fluffypony]

Darkcoin will be implementing Ring Signatures and I2P, plus it's existing masternodes which is better anonymity than Monero/Bytecoin I'm sorry to say, we also don't know that much about the CryptoNite protocol.

"will be implementing" vs. "already in use"

Yeah, I think I'll stick to what works.

I2P is far from the holy grail for anonymity.

Also please don't talk about masternodes like they're a good thing, it's trivially easy to take out a significant portion (if not all) masternodes through a simple DDoS and keep a set of malicious masternodes online, giving someone like the NSA effective control of the path the coins take. So not only does it not provide "better anonymity" in actuality, but it provides an attacker with a neat way of controlling the flow of currency whilst still retaining the veil of anonymity.

[fluffypony]

I made a number of technical comments on it on Hacker news, along with some comparisons with some of the alternatives, https://news.ycombinator.com/item?id=7765455

I just info-dumped to you on IRC, I'll repeat here:

[20:29:58]  fluffypony:    just fyi in case you weren't aware
[20:30:04]  fluffypony:    we forked Bytecoin to Monero nearly a month ago
[20:30:07]  fluffypony:    and gave it a fair launch
[20:30:19]  fluffypony:    because there is much fishiness about the "2 years in hiding on the darkweb"
[20:30:38]  fluffypony:    they also released a purposely crippled miner, with crazy amounts of obfuscation
[20:30:54]  fluffypony:    took very little unravelling to get it performing at 12x the levels it shipped at
[20:32:05]  fluffypony:    lastly, even if it genuinely has been around for 2 years "in sekrit on the darkwebz" and that isn't just a massive excuse for a premine over a few months with falsified blockchain dates and then a release of a crippled miner to inflate the timescale, how on earth did it exist for 2 years and the RPC API is thoroughly broken?
[20:32:34]  fluffypony:    we've had to do so much fixing, and the documentation on their wiki is wrong (eg. a trailing slash on the JSON RPC API URL when there is none, the slash causes a 404)
[20:33:18]  fluffypony:    I can't possibly imagine that developers of a cryptocurrency in use and development for 2 years can't be bothered to make sure the transfer method of the API works

Let's sing the technical praises for what Bytecoin has brought to the table, but let's use the variant without the 80% premine k?

[drawingthesun]

Let's sing the technical praises for what Bytecoin has brought to the table, but let's use the variant without the 80% premine k?

Bytecoin's chain is already 1.8 years old. How crazy, I thought it was only released 9 weeks ago!

[moni3z]

Lol 2yr premine. I also don't like the one time 'trusted entity' part about ZeroCash though I'm still going to mine their altcoin to check it out. Regardless you can just launder/tumble coins after using Zerocash if whatever you were doing required complete transaction history obfuscation

[TTM]

Zerocash: made by serious scientists, strongest privacy but totally new, untested technology. It might have exploits we don't know yet. Even Matthew Green himself adviced people not to invest too much hope and money into his design.

Monero: less privacy than Zerocash but appear to be 'more safe' because it utilize an existing technology.

Darkcoin: worst privacy because of inferior CoinJoin technique, instamined coin. Its anonymity is centralized on a small group of 'masternodes', which is not good for 'decentralized currency'.

[drawingthesun]

Zerocash: made by serious scientists, strongest privacy but totally new, untested technology. It might have exploits we don't know yet. Even Matthew Green himself adviced people not to invest too much hope and money into his design.

Monero: less privacy than Zerocash but appear to be 'more safe' because it utilize an existing technology.

Darkcoin: worst privacy because of inferior CoinJoin technique, instamined coin. Its anonymity is centralized on a small group of 'masternodes', which is not good for 'decentralized currency'.

Well Zerocash is forever trusted, that might be an issue especially for people looking for private trustless transactions.

[Brilliantrocket]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

[drawingthesun]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

Interesting, I haven't read the entire thread, can you link me please.

[TTM]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

lol AnonyMint again, he even said Bitcoin is flawed many times. Should we listen to him, abandon all crypto and back to use fiat ?

But somehow he's right, All crypto coins is not perfect at the moment. Bitcoin once has deadly loophole that can be exploited to create infinite amount of coins.

[Brilliantrocket]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

Interesting, I haven't read the entire thread, can you link me please.

https://bitcointalk.org/index.php?topic=583449.1340

"So we can see as it is currently structured, CryptoNote doesn't really support anonymity much.

Sorry to blow holes in your enthusiasm. Reality sucks if you haven't taken the time to do some serious work before launching."

[Brilliantrocket]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

lol AnonyMint again, he even said Bitcoin is flawed many times. Should we listen to him, abandon all crypto and back to use fiat ?

Bitcoin will become susceptible to attack if a quantum computer is ever invented.

[TTM]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

lol AnonyMint again, he even said Bitcoin is flawed many times. Should we listen to him, abandon all crypto and back to use fiat ?

Bitcoin will become susceptible to attack if a quantum computer is ever invented.

Every coin is vulnerable to quantum computers.

[Brilliantrocket]

You'd have to be an idiot to use Zerocash, considering who funded the research.

This^^, Zerocash has too many flaws. Rather use Darkcoin.

Zerocoin and Darkcoin have flaws.

Monero on the other hand...

Don't act like Monero doesn't have flaws. Refer to Anonymint's posts in the Monero thread.

lol AnonyMint again, he even said Bitcoin is flawed many times. Should we listen to him, abandon all crypto and back to use fiat ?

Bitcoin will become susceptible to attack if a quantum computer is ever invented.

Every coin is vulnerable to quantum computers.

Right. That doesn't mean we shouldn't use them, but it is something to be aware of.