Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
rocks
on 19/05/2015, 21:49:08 UTC
I disagree here, there are multiple proposals on how to layer privacy oriented transactions on top of bitcoin. Some rely on shared secrets, some enable wallets to communicate and build distributed trustless mixing mechanisms (which is exactly what Monero says it does). You don't need distributed trustless mixing mechanisms in the protocol to have that, you can implement the same in wallets. I remain unimpressed by these bitcoin clones that are simply adding simple functionality to the core protocol, functionality that can easily be layered on top of bitcoin. That is not an improvement IMHO.

Some of us do not want to do with Bitcoin anymore and only stash it in reasonable quantities so when the TPTB unleash the next phase of their financial freedom elimination through a transparent ledger we dump it for a nice profit or we have a positive stake in the game, so you can say we are after a profit after all but its not with Monero.

I honestly have no idea what that sentence is suppose to mean.