Here's the thing, with finite supplies in place most coins still have a risk of some kind of blockchain analysis:
https://news.ycombinator.com/item?id=15849236
The Bitcoin Flaw: Monero Rising
51–60 of 61 posts
Re: The Bitcoin Flaw: Monero Rising
#52Earlier quoted context omitted.
NOT being backed by any one country or central bank is Bitcoin's primary value proposition.
>NOT being backed by any one country or central bank is Bitcoin's primary value proposition. Absolutely. But if no one is backing it and it has no purpose that supports its value, it shouldn't be worth a lot. Monero is underpriced because it is actually useful and can support that price. Bitcoin is worth something , just not 11k in my opinion.
The futures market is coming in a few weeks, so if you ar so sure, you can short Bitcoin, but I wouldn't bet against the best store of value ever created.
Re: The Bitcoin Flaw: Monero Rising
#53Earlier quoted context omitted.
Bitcoin is still the network that is least likely to see a double spend executed.
That depends on how much you trust a few chinese companies/government.
I tx no where near the opportunity cost of a double spend on bitcoin.
I take your point, but it honestly seems a little much to assume that multiple players will act as one because they live in the same country. I haven't seen any evidence that the chinese govt controls what blocks are minted. A great counter example would be slower conf times from tx going to anti communist party groups. Does Ai weiwei have a bitcoin address?
Re: The Bitcoin Flaw: Monero Rising
#54What are the current crop of cryptocurrencies that are truly anonymous? The list I have so far is: Aeon, DASH, Komodo, Monero , NAV Coin, PIVX, Verge, Zcash, Zcoin, and ZenCash. Any others? Edit: Added Aeon
Has anyone read about Spectrecoin?
Re: The Bitcoin Flaw: Monero Rising
#55> How would you feel if you were required to print, in legible block letters, your full name on every dollar bill before you spent it? I already do this with 99% of my purchases. I almost solely purchase through credit card, which is a contractual obligation that my clearly identified person will allow a financial institution to pay for this coffee on my behalf, on promise I will pay that institution back at a later…
Not entirely equivalent, since the coffee shop does not receive your purchase history.
they also do not know your networth, not that it matters to them.
Re: The Bitcoin Flaw: Monero Rising
#56The author fails to understand that fungibility is tangential at best to anonymity. fungibility is based on the equality of a unit of stuff. short selling works with fungibility, you hire some shares of IBM. Once you have them you sell them, when the price drops you buy them back. The hire period ends and you return the same number of shares, but not the same shares. This works because it is agreed that shares of the…
one stock is the same as others, but you can have tainted coins that you obtained through legal means (it is just that the source was invalid). With BTC exchanges can block cashing out, for example.
Re: The Bitcoin Flaw: Monero Rising
#57Earlier quoted context omitted.
These coin all employ some anonymity features. Some real shallow (such a Verge only routing traffic over TOR) and some more elaborate (such as ZCash with zero knowledge proofs). If you define truly anonymous as having no way to see transaction addresses and amounts, no way to check balances and history and these features all active by default... it would leave you with Monero and Aeon. Of course other differences exi…
Truly anonymous would mean if you bought $100 worth of anoncoin under your own name from an exchange and then played two hands of poker at an online casino, there would be no way for the casino and the exchange to collude and identifier you. Is that the case for any of the systems you listed?
Exchange gives you coin, and then have no way of telling what you did with it. Exchange just knows you are given 300 coins at the time of transaction, nothing more.
Re: The Bitcoin Flaw: Monero Rising
#58What are the current crop of cryptocurrencies that are truly anonymous? The list I have so far is: Aeon, DASH, Komodo, Monero , NAV Coin, PIVX, Verge, Zcash, Zcoin, and ZenCash. Any others? Edit: Added Aeon
SafeCoin would be if it were actually implemented. As it currently stands, there is just a MaidSafeCoin token with a promise of a 1:1 exchange when SafeCoin gets implemented. Still, the concept is interesting. It's not blockchain-based, and a coin's data structure only contains the current and previous owner signatures.
Current and previous owners only? can it be traced back somehow, using timing attacks or something?
Re: The Bitcoin Flaw: Monero Rising
#59What are the current crop of cryptocurrencies that are truly anonymous? The list I have so far is: Aeon, DASH, Komodo, Monero , NAV Coin, PIVX, Verge, Zcash, Zcoin, and ZenCash. Any others? Edit: Added Aeon
Has anyone read about Spectrecoin?
Curious to hear - do you have a good resource?
Re: The Bitcoin Flaw: Monero Rising
#60Would Monero not eventually run into the same energy inefficiency problems as Bitcoin?
There are going to be developments on this as i can gather.