Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
B1tUnl0ck3r
on 30/10/2017, 12:31:53 UTC
Monero is alright but can someone explain me what chance it stands against Zcash? I think Zcash has already proved that they use by far the most superior cryptography. And if you don't believe me, you don't have to. Just ask yourself why JP Morgan is implementing their solution and not Monero's solution in their blockchain ledger, or why Ethereum is implementing the Zcash technology and not the Monero technology? I have nothing against Monero but it looks to me like everything is against that coin, what are the chances of success when developers come up with real innovations. That is already a good proof that is reflected in the price of the currency, Zcash is far more valuable than Monero, so the market has spoken regarding that topic. Monero has to implement some real alternative to even come close to compete with Zcash. I wish the team best of lack, we need competition in the space because it pushes us to improve our service and products, I hope it does the same for Monero.

You are totally mistaken to believe that Zcash is "far more valuable" than Monero. As of now Monero has more than double the market cap - comparing unit prices is meaningless...

The problem with zcash is that the total coin supply can't be audited... Who knows what can happen. For example pivx started to use the zerocoin protocol 2 weeks ago to replace masternode mixing.

Then when I compare the fees between monero and pivx to make an untraceable tx, I just  Grin

You mean they charge you for tainting a normal pivx tx?

yes and no, charge is that the fees is spend on the blockchain and become void, reducing the total coin supply. it actually cost 0.01 pivx per dominations (5000zpiv or 1zpiv cost the same).

tainting, what do you mean? that they become like xmr, zcash and co untraceable? Why does it taint them? it's just like buying something with notes and getting your change back.

 Huh

The coins aren't "tainted" they become untraceable and fungible.

Fungibility works when all coins are untraceable, if you have coins that are traceable and ones that aren't, they a different and can be identified as such. All the coins need to be untraceable.


If you get how the zerocoin protocol works you will see how easy it is to have privacy. It's possible to keep all your coins untraceable on pivx, by keeping them on the zpiv form, however you can't stake this way.

And once they come from the zpiv accumlator, what can you say about the origin or destination of those pivx? nothing.

Wink.