Re: [Megathread] Bitcoin Layer 1 Privacy - concepts, ideas, research, discussion
There is no decentralized or peer-to-peer trading using shielded addresses? Then what's the point of Zcash?
Zcash is just a failed experiment, and I don't think any of their privacy solutions would ever be accepted in Bitcoin.I don't want to turn this topic into shitcointalk, but I had to notice that zcash, despite all it's privacy tech, is heavily centralized coin.
Currently ViaPool has over 44% of total hashrate, so it's not very hard to perform attack on this network, and all this theater privacy would mean nothing.
Oh and what about 10% foundation reward shady tax, I forgot to say that before...
I don't think them having rather centralized mining has anything to do with the privacy tech being bad, right?
Also that 10% 'tax' is not an inherent flaw that is tied to their privacy tech in any way, right?
I'm not interested in any of these coins to be fully honest; I just want to see which privacy concepts exist and which are best suited for Bitcoin.