Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Hueristic
on 27/06/2022, 22:06:35 UTC
⭐ Merited by nutildah (2)
As things now stand, it is practically impossible to discuss zero-knowledge proofs for Bitcoin without discussing the technologies and the real-world experiences from the premier ZK proof privacy altcoin.  I will not self-censor to avoid knee-jerk reactions:  That would prevent me from discussing my longtime dream of having ZK proof privacy in Bitcoin.  I have been wanting that since around 2013, according to my recollection of when I first heard of Zerocoin.

Just equating Zero Knowledge Proofs to zcrap here is a disingenuous argument, in your continual context you act as though Zcrap led the way when in fact ZKP has been used forever and it is essential to any privacy algorithm.

With that being said there is ZERO reason to bring up that shitcoin when trying to discuss ZKP.

Pretending that Zcash doesn’t have the best and only yet-seen practical way to apply ZKP here is a disingenuous argument.  Especially since I want to copy their open-source technology—research and development of which was paid for by their “dev tax”.  (Thanks.)

There does not exist any other decentralized privacy solution that reveals zero information.  In one of the posts that you said you did not bother to read, I explained why.

All other existing privacy solutions either are copies of Zcash, or are centralized (with blind signatures, as Digicash), or rely on decoy obfuscation of leaked information to try to cover up the trail of transactions (Monero mixins).  (Or are ridiculous outright scams, such DASH.  Or rely on trusted hardware enclaves, like some new shitcoins—literally “Intel inside!”)  Monero (or Blockstream’s Liquid) technically use “zero-knowledge proofs” to keep transaction amounts confidential, but they are not overall “zero-knowledge”.  Your claim that “ZKP has been used forever and it is essential to any privacy algorithm” is hypertechnical hairsplitting to avoid an obvious point.