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Author Topic: Who needs anon coins?  (Read 1864 times)
cryptovalues (OP)
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October 03, 2014, 07:49:29 AM
 #1

I took a look at dark markets, fascinating stuff of course, I strongly oppose drug usage, but you can't stop the progress.
What I've noticed though that no anon coins are used there. It's just Bitcoin (and sometimes Litecoin). No Dark XC Cloak Monero and so on.
It proves my belief that all anon coins are more or less marketing gimmicks with no real world usage, and very unclear perspectives.
Also they are fragmented in many different projects, which undermines their whole ecosystem, because obviously the only chance to succeed for them would be some unification of efforts.
Don't invest in anon coins Smiley

This is my opinion I might be missing something. Please share yours.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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October 03, 2014, 10:33:03 AM
 #2

I've never looked at the dark markets, but I thought they would be using anonymous cryptos. If they don't use anonymous cryptos then who else will?
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October 03, 2014, 10:36:16 AM
 #3

Escape from taxes and capital control.
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October 03, 2014, 11:10:02 AM
 #4

I'm asking me the very same things. Ok, I suppose someone might find comfortable in buying a dildo online. That's ok.

Yet when I think about say ring signatures, I don't even know why should I accept them as a retailer. If a customer sends me an email asking "did you receive my money" I don't even know what to reply. This just does not do any sense to me.
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October 03, 2014, 11:19:06 AM
 #5

I took a look at dark markets, fascinating stuff of course, I strongly oppose drug usage, but you can't stop the progress.
What I've noticed though that no anon coins are used there. It's just Bitcoin (and sometimes Litecoin). No Dark XC Cloak Monero and so on.
It proves my belief that all anon coins are more or less marketing gimmicks with no real world usage, and very unclear perspectives.
Also they are fragmented in many different projects, which undermines their whole ecosystem, because obviously the only chance to succeed for them would be some unification of efforts.
Don't invest in anon coins Smiley

This is my opinion I might be missing something. Please share yours.

Current darkmarkets are based on webservers running Tor. Bitcoin is much more
convenient to acquire than any altcoin and is more trusted. It is probable that
before too long an anon altcoin will succesfully integrate darkmarket into the wallet
and if it is easier to use and acquire than btc (this last one is quite a feat though)
it will become the killer app in this sector.

“God does not play dice"
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October 03, 2014, 11:46:01 AM
 #6

Most of rich people would love to hide their wealth somehow. I expect there will be some 1-10% use of anon coins among all .

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October 03, 2014, 01:30:43 PM
 #7

Anon coins are created by dev to hype and dump.
There are way too many shit anon coins in the altcoin market.
Stay away from anon coins now to avoid being scammed.

     

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Spoetnik
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October 03, 2014, 03:21:36 PM
 #8

i have never gotten any coin because it had anon features.. nor will i ever.
it's a stupid gimmick.. cough cough Monero or Dark Coin LOL

FUD first & ask questions later™
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October 03, 2014, 03:25:16 PM
 #9

Anon coins do not interest me. I think people that push anon really have lost the fundamental purpose of altcoins.
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October 03, 2014, 03:29:24 PM
 #10

I took a look at dark markets, fascinating stuff of course, I strongly oppose drug usage, but you can't stop the progress.
What I've noticed though that no anon coins are used there. It's just Bitcoin (and sometimes Litecoin). No Dark XC Cloak Monero and so on.
It proves my belief that all anon coins are more or less marketing gimmicks with no real world usage, and very unclear perspectives.
Also they are fragmented in many different projects, which undermines their whole ecosystem, because obviously the only chance to succeed for them would be some unification of efforts.
Don't invest in anon coins Smiley

This is my opinion I might be missing something. Please share yours.

I believe the perception is that as government gets more interested in cryptocurrency and build tools to track the blockchain.  Anonymity that relies only on the protocol itself will become more valuable.  In a situation where a country tries to abuse it's power & make crypto illegal if/when citizens flee with their money then anonymity for usage would help shelter them from government discovery.

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October 04, 2014, 12:45:03 PM
 #11

I've never looked at the dark markets, but I thought they would be using anonymous cryptos. If they don't use anonymous cryptos then who else will?

The use case that comes to my mind is high-class prostitutes. No more of this:

http://en.wikipedia.org/wiki/Eliot_Spitzer_prostitution_scandal






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October 04, 2014, 12:50:50 PM
 #12

With the logic that if I don't need or use it then why does it exist... no wonder Bitcoin itself isn't widespread yet.

Normal people are saying why do they need bitcoin when they only use cash and credit cards....

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October 04, 2014, 12:51:43 PM
 #13

Who needs anon coins? People who wants some privacy  Wink
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October 04, 2014, 10:03:41 PM
 #14

Definitely people buying LSD at Himera need some privacy, don't they? But it's just Bitcoin and Litecoin there.
Who needs anon coins? People who wants some privacy  Wink
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October 05, 2014, 01:40:25 AM
 #15

I can see some people would complete anonymity if they have a lot of bitcoin and your country imposed a tax Cryptos.
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October 05, 2014, 02:22:17 AM
 #16

Anon coins are shit and are out dead now

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October 05, 2014, 02:32:36 AM
 #17

It is not just privacy. It is fungibility https://en.wikipedia.org/wiki/Fungibility and the protection from taint. the taint can be completely unrelated to one's lawful activities. Keep in mind that currency is contaminated with cocaine and other illegal drugs. https://en.wikipedia.org/wiki/Contaminated_currency. Fungibility ensures one's coins cannot be taken away because some one ten steps back in the blockchain allegedly used them in some illegal activity. 

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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October 05, 2014, 02:40:43 AM
 #18

It is not just privacy. It is fungibility https://en.wikipedia.org/wiki/Fungibility and the protection from taint. the taint can be completely unrelated to one's lawful activities. Keep in mind that currency is contaminated with cocaine and other illegal drugs. https://en.wikipedia.org/wiki/Contaminated_currency. Fungibility ensures one's coins cannot be taken away because some one ten steps back in the blockchain allegedly used them in some illegal activity. 

Some good points about fungibility. I would prefer opt-in anonymity with each transaction.

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October 05, 2014, 02:53:01 AM
 #19

I think they are good for creating anonymous coins and once opensourced can easily be forked back into bitcoin if neccessary. Right now they aren't any good, DRK[MN(new vulnerabilities plus siphoning mining rewards)] BYTE[ringsignatures(blockchain bloat)] except for pump n dump which is fun, if you can get lucky and time it right, but good luck with that Kiss
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October 05, 2014, 07:00:07 AM
 #20

I took a look at dark markets, fascinating stuff of course, I strongly oppose drug usage, but you can't stop the progress.
What I've noticed though that no anon coins are used there. It's just Bitcoin (and sometimes Litecoin). No Dark XC Cloak Monero and so on.
It proves my belief that all anon coins are more or less marketing gimmicks with no real world usage, and very unclear perspectives.
Also they are fragmented in many different projects, which undermines their whole ecosystem, because obviously the only chance to succeed for them would be some unification of efforts.
Don't invest in anon coins Smiley

This is my opinion I might be missing something. Please share yours.

I believe the perception is that as government gets more interested in cryptocurrency and build tools to track the blockchain.  Anonymity that relies only on the protocol itself will become more valuable.  In a situation where a country tries to abuse it's power & make crypto illegal if/when citizens flee with their money then anonymity for usage would help shelter them from government discovery.



The US Military made the news last week because they decided to meet the Bitcoin Foundation and ask questions.
AKA: the NSA wants to know who to ask for court ordered back-doors like they force ALL US based companies like Facebook Google Microsoft every ISP etc etc
They are here.. and they been watching all along and they are moving forward with their agenda's for sure !
I also doubt the Military gives two shits.. i think that is smoke screen for CIA and NSA and FBI etc etc

FUD first & ask questions later™
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