131–140 of 285 posts
Earlier quoted context omitted.
Ok, but how does that protect ME from that $5 wrench?
You can setup a hardware wallet with plausible deniability[1] [1] https://www.reddit.com/r/TREZOR/comments/2e8a9i/can_someone_...
I'm kind of confused by the tenor of the comments in here. I'll admit I haven't been following cryptocurrencies closely, but there seem to be a large number of comments suggesting that ZCash is a scam and that Monero is better (without any concrete arguments). Could someone enlighten me as to why that's the case? I know of ZCash via the academic papers on it, and because the people involved – Zooko Wilcox, Matthew Gr…
So if Zooko Wilcox et al are indeed respected in the P2P and security community, then I am interested in this.
I'm kind of confused by the tenor of the comments in here. I'll admit I haven't been following cryptocurrencies closely, but there seem to be a large number of comments suggesting that ZCash is a scam and that Monero is better (without any concrete arguments). Could someone enlighten me as to why that's the case? I know of ZCash via the academic papers on it, and because the people involved – Zooko Wilcox, Matthew Gr…
Monero uses ringCT algorithm on transfer to mix the payments and obfuscate the sender
Monero has a private view key and separate spend key. View key can decrypt transactions made by you to confirm your total balance (Monero balance is unknown to daemon, is calculated as (xmrRecieved - xmrSpent)
ZCash has 'zero-knowledge' proofs and while the whitepaper[1] is a bit intense it uses a novel Proof-of-Work explained within. Called zero-knowledge Succinct Non-interactive ARguments of Knowledge (zk-SNARKS).
ZCash coins origins obfuscated before recieved by user, reducing need to mix payments together
Personally, I think they're both great and it's a healthy time for a privacy-based cryptocurrency face off. Having said that, ZCash theoretically sounds better (to me) yet Monero is proven in the wild - and both have people with money already sunken in.
IMO the cryptocurrency world will be much better off when it's userbase is looking for a CURRENCY and not a COMMODITY.
[1]: http://zerocash-project.org/paper
[2]: https://github.com/zcash/zips/blob/master/protocol/protocol....
[3]: https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zc... - decent ZEC vs XMR ELI5 thread
edit: formatting
Earlier quoted context omitted.
Given how complicated the technology is that they will be working with (as someone who has attempted to read the zcash whitepaper), I find this extremely unlikely. Sure there will be clones, but no altcoin "developer" will be able to properly maintain this, so bugs won't get fixed, or it'll always be lagging behind Zcash, or worse, they introduce unintentional bugs and completely wreck their blockchain and lose the m…
a/ It's naive to assume market won't work in this one case and people will happily pass ten percent of their money to support staff just because their work is important. What can be competed away will be competed away. b/ Open source works well for very complicated pieces of software. c/ As we saw in the case of Ethereum, assuming you can buy due diligence with money alone is a mistake.
I am long Zcash: * The founder is Zooko Wilcox-O'Hearn, creator of Zooko's triangle, the BLAKE2 hash function, Tahoe-LAFS, and former employee at MojoNation (an early attempt at cryptocurrency/P2P filesharing where another employee, Beam Cohen, went on to create Bittorrent). He knows a thing or two about decentralization/P2P. * This project is NOT a trivial Bitcoin clone with only a new proof-of-work swapped in. The…
I can't stand the proliferation of proof-of-work cryptocurrencies in a world where people don't have to pay for the externalities of the energy they use. Let me know when there's a cryptocurrency based on proof-of-carbon-sequestration or something.
A couple weeks ago I presented the idea at MIT's Solve conference, and I've got a writeup at MIT's ClimateColab that made finalist this year.
http://climatecolab.org/contests/2016/shifting-behavior-for-...
http://solvecolab.mit.edu/challenges/2016/fuel-carbon-price
(The Solve writeup is pretty old, the Colab is recent but I've done more thinking about the minting schedule since then and made some changes.)
Earlier quoted context omitted.
Given how complicated the technology is that they will be working with (as someone who has attempted to read the zcash whitepaper), I find this extremely unlikely. Sure there will be clones, but no altcoin "developer" will be able to properly maintain this, so bugs won't get fixed, or it'll always be lagging behind Zcash, or worse, they introduce unintentional bugs and completely wreck their blockchain and lose the m…
I wouldn't be so sure of that, there already exist some alternatives which seem better in some ways like Monero. I have very low trust for scam developers like the ZCash ones, I'm sure someone quite capable could take it up.
ZCash has a myriad of fundamental issues, chief among them: -ZCash is a US-based LLC, and given what is publicly known about the capabilities and past behavior of its intelligence apparatus I don't see how anyone can claim that such an organization can shepherd a 'truly anonymous blockchain', particularly one that is essentially a black box -ZCash's blockchain is a black box and requires you to not only trust them wi…
And I suggest that anyone looking for strong provable anonymity guarantees not look at Monero. The security guarantees of ZCash are stronger than those of Monero, and the trusted setup issue can be mitigated via the MPC protocol detailed in a recent paper.
EDIT: compromising the trusted setup does not compromise anonymity; the zero knowledge proofs used enjoy a property known as "perfect zero knowledge".
ZCash has a myriad of fundamental issues, chief among them: -ZCash is a US-based LLC, and given what is publicly known about the capabilities and past behavior of its intelligence apparatus I don't see how anyone can claim that such an organization can shepherd a 'truly anonymous blockchain', particularly one that is essentially a black box -ZCash's blockchain is a black box and requires you to not only trust them wi…
You do not trust anyone with your privacy in our system. Assuming you're talking about our zk-SNARK parameters, if they were not securely generated you still could not violate anyone's privacy.
I'm kind of confused by the tenor of the comments in here. I'll admit I haven't been following cryptocurrencies closely, but there seem to be a large number of comments suggesting that ZCash is a scam and that Monero is better (without any concrete arguments). Could someone enlighten me as to why that's the case? I know of ZCash via the academic papers on it, and because the people involved – Zooko Wilcox, Matthew Gr…