Post
Topic
Board Altcoin Discussion
Re: Monero (XMR) Speculation thread
by
nakaone
on 17/08/2014, 21:30:26 UTC
From what I've read, Zerocash will Only allow anonymous transactions, there will be no regular sending.

There is also trust involved in setting up Zerocash, you have to trust that the devs won't keep the key that will allow them to doublespend anytime they want, without anyone knowing.

Those two points make Zerocash a No-No for me. It makes no sense to use a coin that involves trust , that's why Satoshi made Bitcoin in the first place. Bitcoin may have it's 51% mining issue, but there are measures in place to stop such a threat if it happens, but Zerocash's trust issue is far scarier, the devs would be able to doublespend at any time whether they have 50% 1%, or 0% of hash power, and you will Never know that they have done so.

But Monero is not truly anonymous, merely pseudo-anonymous. Doesn't that bother you?

How the fuck is this legendarys' posts in any way Monero speculation? And for what it's worth, he's clearly picking a fight. Another goddamn hero.


it would be great if he could elaborate


this issue is sensitive and I think the only good argument against monero becoming the number one privacy coin is that there are (fundamental) flaws.

regarding zerocash - when the utility of zerocashs privacy outweights moneros network effect at the point of implementation it will succeed - easy game. using a bitcoin blockchains timestamp for destribution is actually the most elegant solution for achieving this. fluffy already pointed out the problems with zerocash