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Your statement shows that you have not understood how easy it is for chain analysis companies to deanonimize such transactions. I prefer you to read the pdf file ...It can be applied to all coins with optional privacy
Answer me the question, what percentage of
all Spectrecoin users use the shielded feature?
0,5% ? 1% ? 3% ? 5%?
But while Spectrecoin gives the user the choice of using transparent or privacy, Pirates addresses are forced to be private. And this is exactly where the difference lies. Data protection in Spectrecoin is optional, i.e. parts of the blockchain are transparent. Where as Pirate is completely
anonymous.
ConclusionBoth crypto currencies use advanced technology and algorithms.
The transactions and thus the blockchain of Pirate are 99.9% anonymous, where as Spectrecoin does not offer forced anonymous transactions, furthermore in Spectrecoin large parts of the blockchain are transparent.
The Spectrecoin brand name promises a lot, but the technology is no better than other optional privacy coins.
In contrast, Pirates transactions are private by default, which encourages greater use of these transactions and provides more network security.
You obviously did some research about chain analysis. Good. But a point you miss is the difficulty behind such analysis in real life, the amount of effort it requires and the low success rate of such analysis. There is NO coin that has perfect anonymity and privacy. There too many practical considerations that make such a theoretical construct impossible. You claim that forced private transactions are more secure than optional ones. I cannot disagree with that. But a) if transacting parties want true privacy, they can choose to get that, and no chain analysis would be possible b) if you want wider adoption of a coin, you need to take into consideration potential business applications where completely private transactions would not be feasible at all. So why not keep the option to choose? If you want to create a privacy coin just used by geeks, without any possibility for wider adoption you are of course free to select one that does not give you any options.