121–130 of 167 posts
If anonymity is so important for people, there are already excellent solutions, Monero being one of the best, if not the best, with a strong and serious dev team.
Disclaimer: I am not a Monero dev and I own a huge total of 0.6 XMR. This is only my opinion as a software dev.
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>Max price was almost $2,000,000 per token, someone actually literally spent that much. No. When zcash was trading at such a price, it was less than a single zcash coin in total. So a few people were paying significant sums for very small fractions of a zcash coin, but no one payed 2,000,000 for a single coin. The price has crashed because supply has grown exponentially. What you were seeing was supply vs demand in a…
I did not mean to suggest that a whole $2M was dropped, but someone did buy a fragment for $2M per coin. These people buying it hopefully would have been aware of the publicly known upcoming inflation, the fact that they bought at these prices I believe is a tragedy and a black mark against Zcash.
There is no tragedy here, IMO. Just some calculated market manipulation...
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I know, but you're both talking about different things. It may be 20% for the next few years, but it's also 10% overall. You're both right, why even try to nitpick over these details or correct anyone?
You're some random on HN. Peter Todd is a core developer who works on software that runs a billion Dollar economy (Bitcoin), and is also one of the 6 people involved in the ZCash trusted setup. I think you need to stop talking and start listening, because the economics at play and the framing of the founder's reward is critical. Downplaying the 20%, when it is a massive sum that could be used to significantly bolster…
Author here. Seeing some of the discussion go down on Twitter, I feel maybe I should explain further the "white supremacist" example in the post. (one tweet at me: "So now you can hide the fact that white supremacists are sending you money? F!@#ing weird example.") When I shared a draft post with some friends, a lot of them had an ah-ha moment, so I was hoping for the same from others. I was trying to illustrate 2 pr…
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Have you considered supporting a stealth address scheme for Bitcoin? The problem is reuse of addresses, period. Bitcoin has solutions for this.
Zcash's anonymous transactions are much more expensive CPU-wise to verify and aren't pruneable, and the cryptography behind it has been much less reviewed (Bitcoin operates on a bunch of very boring standard already established and long-trusted algorithms in comparison!), so I'd be surprised if an established project like Bitcoin adopted them before they were proven in practice. There's a lot of money tied up in Bitc…
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http://archive.is/wdNh3 http://archive.is/vnmkv
Thanks very much for this. Based on the one or two private individuals featuring on both lists, I'm inclined to think your original post was exceedingly strongly worded.
It might even be worse if it wasn't as such - a security-oriented business that, motivated by Bitcoin's shortcomings, does due diligence on anonymous crypto and genuinely concludes that Zcash, in its current state no less, is the answer? Come on.
I have ~15 invites left, in case someone needs it they can ping me at ps+hn noop pw. :)
5 hours and almost 100 comments later no one has pointed out that Zcash and Keybase share the same investors. I am relieved that 'Keybase chose Zcash' purely on merit after an exhaustive and objective selection process, and that this potential conflict of interest is transparently disclosed in the linked adverticle - wait, they did no such thing. Does it concern no one that this security-focused company is shilling f…
Good spot, though not surprising to me. Worth adding here that it also appears Zcash stakeholders have been internally buying/selling their own ZEC at inflated prices on Poloniex to artificially increase both volume and the market price. Whilst perfectly legal, it doesn't enhance a "trustworthy" reputation to me.
https://lists.randombit.net/pipermail/cryptography/2016-Nove...
Slightly OT, but I realllyy wish Keybase would prioritise email validation so that it could fulfill the much needed role of general PGP key server, with the added "sum of your social identities" assurance.
I got myself a Keybase account a while ago; is it reasonable to use it if Zcash is not something I would touch with a ten-foot pole?