Post
Topic
Board Altcoin Discussion
Re: Monero vs Boolberry Chess Challenge and CryptoNote technical discussion
by
smooth
on 04/12/2015, 01:20:58 UTC
If peer review supports the soundness of RingCT cryptography interest could expand exponentially. There are more potential uses than I can count and this is the most promising privacy technology I have seen so far. The inability to verify the number of coins in circulation with ZeroCoin scares me.  At least if something goes wrong with the money supply system with RingCT we would be able to tell.

I am quite confident that blockchain privacy is not a huge topic anymore. Of course RingCT may draw some extra attention to Monero. However, in my opinion that still would not be relevant.

The fintech is finally converging on the markets and real business issues. However, real business that has money doesn't care about privacy, it's simply of out scope. There is no huge ass real world problem in it that could be backed by corporate money that will stimulate adoption and attention.

This still maybe a great update and it serves privacy goals well. However, privacy protection issue is still a small niche, not a mass phenomenon.

Disagree. Real business and corporate money will struggle greatly with transparent blockchains. They don't have the same exact privacy goals as individuals and freedom advocates, but they have their own. In particular, not wanting to be spied on by competitors nor front run in markets. That's why, for example, CT is critically important even in Blockstream's closed blockchain Liquid.

Privacy from the NSA, when the NSA means the largest globalist corporations (politically connected with the global police state) have asymmetric access to secrets?

No, privacy from every idiot who wants to front-run you, or play amateur detective and figure out a lot of private things about your business or personal affairs and publish them. I've seen both happen on this forum. Liquid isn't guarding inter-exchange flows from the NSA, it is hiding them from whale clubs.

Most businesses and people are just too obscure and unimportant to warrant much interest from the NSA or from the largest globalist corporations. But they all have nosy neighbors, with varying degrees of sophistication.

Though if the global police state does evolve to the point where everyone is a person-of-interest, then indeed it will be a dark age, and it isn't clear whether cryptography and cryptocurrencies can help with that at all. Maybe.