Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
turtoro
on 12/02/2014, 12:34:49 UTC

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean


There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance company could see that you regularly purchase from a tobacco/alcohol company increasing your rates, or simply your neighbor could if they wanted see how much money you are spending per month if they had your wallet id. These are just basic examples, but you can see the pandora's box this opens up. With regular banking, your spouse/employer/neighbor couldn't have access to your spending info if you didnt want them to, and the real world implications of this flaw in Bitcoin  is important to fix. Privacy is crucial in regards to personal finance

Edit: search out matt green (zerocoin) speaches on youtube regarding the need for privacy/anonimity