Post
Topic
Board Altcoin Discussion
Re: Zerocoin (Zerocash) paper released
by
shekelsteingoyberg2
on 19/05/2014, 07:34:08 UTC
I can see the value proposition of adding on top of the coin but imagine if LiteCoin implemented ZeroCash, its value went up as people used it more....The coin dev secretly kept the setup key or someone cracked it...everyone's hidden transactions were broadcast.

I dont think people would a) want to use the currency anymore b) sell off as fast as possible....worthless...

Exactly, it sounds like an NSA/GCHQ/Israeli backdoor or a disaster waiting to happen.
Darkcoin will be implementing Cryptonote ring signatures in version 2, so Zerocash is practically pointless as long the Darkcoin team keeps working.