Re: zcash, pirate chain, monero, prcy, which is the best coin for future of privacy?
ZK-Snarks with Privacy by default with no transparency is what zcash devs dream of at night, but they cannot do it for obvious reasons... Paid devs never do what they want like passionate pirate devs... they depend on a paycheck, they dont get the freedom to build what they want when they want...
Monero... Old but aged well... its dominance comes from its large network (not its algo... as the algo is not at its best today imho.) and that can change fast in crypto even though monero has been trying hard to keep up, but we all know they will have to switch to zk eventually..... Also I went to a monero meetup in nyc/cakewallet/monerotopia/blabla and all they spoke about was defi crap. tokens, masternodes, liquidity pools... needless to say as a lifetime pirate.. very disappointing as I want to be talking about tech that can free us from tyranny like Reticulum... true p2sh atomic swap, zkp innovations, FREE MARKETS!!! anyway i get very passionate about this cause if you been here as long as I have, the landscape has changed and the tech people talk about looks really really immature to me..
PRCY --> Definitely a step better , I love justin from PRCY Coin, great dev and I hope he is the one who brings monero's tech to the next level as he already has with 32 rings... as we know this code is under attack from corps like ciphertrce so any security/strength enhancements now for randomx/rinct is very important and should have been done on moneros end yesterday imho.... I wanna see 128+ rings..... but still older algo than the new ZKP stuff as the security is not just a game of shuffling. All the new tech is ZKP for good reasons these days, polygon as well forging the tech even though it aint private
Keep in mind we need all of them as REDUNDANCY in Privacy Tech.... is important. Just as redundancy is important to any corporate data center....
Monero... Old but aged well... its dominance comes from its large network (not its algo... as the algo is not at its best today imho.) and that can change fast in crypto even though monero has been trying hard to keep up, but we all know they will have to switch to zk eventually..... Also I went to a monero meetup in nyc/cakewallet/monerotopia/blabla and all they spoke about was defi crap. tokens, masternodes, liquidity pools... needless to say as a lifetime pirate.. very disappointing as I want to be talking about tech that can free us from tyranny like Reticulum... true p2sh atomic swap, zkp innovations, FREE MARKETS!!! anyway i get very passionate about this cause if you been here as long as I have, the landscape has changed and the tech people talk about looks really really immature to me..
PRCY --> Definitely a step better , I love justin from PRCY Coin, great dev and I hope he is the one who brings monero's tech to the next level as he already has with 32 rings... as we know this code is under attack from corps like ciphertrce so any security/strength enhancements now for randomx/rinct is very important and should have been done on moneros end yesterday imho.... I wanna see 128+ rings..... but still older algo than the new ZKP stuff as the security is not just a game of shuffling. All the new tech is ZKP for good reasons these days, polygon as well forging the tech even though it aint private
Keep in mind we need all of them as REDUNDANCY in Privacy Tech.... is important. Just as redundancy is important to any corporate data center....
Each privacy coin has its own advantage from the other. But none of them is perfect. True privacy coins are those who enforce privacy by default. Not only that, but they also prioritize decentralization/censorship-resistance above all else.
I think Monero will end up being the sole privacy coin in crypto land, as the rest fade away into oblivion. There's so much regulatory pressure that's hard for any privacy-oriented cryptocurrency project to survive it. After all, governments don't want people to experience true privacy and financial freedom. You can see why privacy coins are a very small minority compared to the rest of the other coins on the market. Even developers aren't interested in launching new privacy coins these days. Who knows what will happen in the future?
