Is Zcash’s encrypted blockchain Satoshi’s vision?
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Is Zcash’s encrypted blockchain Satoshi’s vision?
1–10 of 71 posts
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#2No. Two words. Trusted setup. Monero is way closer to Satoshi's vision, up to and including having an unknown inventor.
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#3No. Absolutely no. Satoshi didn't envision a corporation pulling strings behind the scenes just in case some bad guys might use it some day down the line.
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#4Digital chain of signatures, the rest is icing on the cake.
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#5No. Absolutely no. Satoshi didn't envision a corporation pulling strings behind the scenes just in case some bad guys might use it some day down the line.
Yup, Satoshi totally didn't create a protocol where the cops can already figure that stuff out themselves without any outside help...
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#6Digital chain of signatures, the rest is icing on the cake.
I mean, the entire architecture of Zerocash is completely different, so...
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#7What? How could any protocol requiring a trusted setup be considered close to Satoshi's vision?
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#8CryptoNote coins (Monero and Aeon) are leagues closer to Satoshi's vision.
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#9No. Two words. Trusted setup. Monero is way closer to Satoshi's vision, up to and including having an unknown inventor.
The trusted setup is not as bad as those two words make it sound without any context:
1. All people present in the trusted setup would have to be colluding or be compromised to cause an issue.
2. Some of these people have reason to make the currency succeed, because they own large amounts of zcash.
3. Some show the lengths they went to to prevent compromise: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trust...
One of my own opinions on collusion:
If collusion was suggested by one or more of the people present in the setup it would be quite likely that another one would have come out and said something about it. This would have made zcash and the person itself very untrustworthy. This makes it likely that it wasn't worth the risk to the person thinking of collusion in the first place.
Re: Is Zcash’s encrypted blockchain Satoshi’s vision?
#10My guess is that Satoshi's vision wasn't that Bitcoin would start a frenzy of "blockchain technology" endeavors that feature the movement of capital to promoters and investors, and between speculators.