Quote from: bitstomake on July 10, 2017, 08:06:56 PM

Quote from: sui_generis on July 10, 2017, 05:33:37 PM

Very, very few people truly understand how Zcash works. Even Zooko can't explain it. A backdoor could be something as simple as a vulnerability that they either accidentally found, or intentionally placed, and then kept secret. It's not like there's a big "THIS IS THE BACKDOOR!" comment in the code. It would be an extremely obscure vulnerability, that could then be used to deanonymize transactions. Considering that the founder essentially admitted there are ways for them to make Zcash useless for criminals, it's far from absurd to say that Zcash has backdoors. To me, it's practically 100% certain that they're there.

^ truth

Guys, ZCash is the first cryptocurrency which is using ZKsnarks. Cryptography is not always easy to explain. If you really wont to figure out what ZKsnarks means (and you have deep understanding in math) then check the listed papers in https://en.wikipedia.org/wiki/Non-interactive_zero-knowledge_proof. It would be great if someone out there finds the proper words to explain ZKsnarks to the world.