21–30 of 285 posts
Anyone else finds naming important for adoption? Bitcoin sounds pretty elegant to the regular Joey IMO but „ZCash“...I mean...awful. Well lets hope for a rebrand later.
ZCash seems relatively neutral to me, not evoking positive or negative feelings.
ZeroCash (from which it comes) is somehwat negative, since it evokes "no more money".
Earlier quoted context omitted.
"ZCash looks like a promising tool to prevent civil forfeiture and legalized theft." How does it prevent civil forfeiture specifically? Can you elaborate?
If you carried your money electronically, the police would have nothing physical to seize. The most common form of civil forfeiture is when the police seize money or other items of value from someone transporting or holding them. More significantly, if you have an anonymous ZCash account, the state has very little idea of how much money you have, where it is, or how you've used it; this means they don't know whether…
This type of attack probably won't work on Zcash, but that statement seems to be wrong these days:
http://www.npr.org/sections/alltechconsidered/2016/07/02/483...
The blockchain is slowly going to become a dominant pillar of our transactions. Whether it be information, money, etc., blockchain will probably be a part of it. If we want it to be secure anyway...
Anyone else finds naming important for adoption? Bitcoin sounds pretty elegant to the regular Joey IMO but „ZCash“...I mean...awful. Well lets hope for a rebrand later.
The blockchain is slowly going to become a dominant pillar of our transactions. Whether it be information, money, etc., blockchain will probably be a part of it. If we want it to be secure anyway...
Is anyone working on/does it make sense to have blockchain based voting for elections?
There's also the interesting psychological side to it: while a blockchain system is in a theoretical sense more transparent than anything else, from a popular standpoint it's incredibly opaque compared to a county registrar counting two different stacks of paper ballots.
I'm failing to see how this is superior to the hundreds of altcoins already available. What makes this better than Bitcoin, Dogecoin, or Kanyecoin? Why should I choose it over the competition?
Earlier quoted context omitted.
How does it defeat the $5 wrench?
Given that the previous comment is referring to state actors, you have the courts to defeat the 5$ wrench. For more direct criminal elements, you can make it difficult enough that its not worth them going through the effort to use the 5$ wrench and wait while you have to fetch the key. Beyond that, you're no worse off than you were versus carrying cash. The only thing electronic cards might have advantage over this i…
I don't think you understand what happens when you defy court orders...
Also, mostly this will be used for tax issues, where guess what, the burden is on you to prove that your income was only X, so the more crypto shit you have the easier it is for the prosecution to say you have millions in crypto currency.
You really think ZCash is the first company to think of hiding assets from the gov't?
Earlier quoted context omitted.
"ZCash looks like a promising tool to prevent civil forfeiture and legalized theft." How does it prevent civil forfeiture specifically? Can you elaborate?
Not familiar with Zcash specifically, but it should work the same as Bitcoin. You cannot initiate a transaction without the (password protected) private key of the wallet containing BTC. If the victim of civil forfeiture refuses to provide the password and private key there is nothing that can be done to acquire the money. This is good because it changes the game from the "government takes your money and you have to…
I'm failing to see how this is superior to the hundreds of altcoins already available. What makes this better than Bitcoin, Dogecoin, or Kanyecoin? Why should I choose it over the competition?