ZCash Will Be a Truly Anonymous Blockchain-Based Currency
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ZCash Will Be a Truly Anonymous Blockchain-Based Currency
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Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#2ZCash looks like a promising tool to prevent civil forfeiture and legalized theft.
It is interesting how the same (or similar) technologies that have made cash rare, and allowed tracking of transactions and spending, may subsequently enable radical anonymity.
P.S. I hope to see an investment market based on anonymous cryptocurrency one day; it would allow many people who currently lack access to investment markets or funding to prosper.
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#3I have a hard time believing that the powers that be will allow it, then, because of "Assassination Politics," avoidance of taxes, etc. We won't kill Skynet without a war.
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#4We need something better than money. I don't know what that is, but I think focusing on creating new forms of tokens won't enable any radical change.
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#5I have a hard time believing that the powers that be will allow it, then, because of "Assassination Politics," avoidance of taxes, etc. We won't kill Skynet without a war.
The 'Assassination Politics'/'Assassination Market' problem is an interesting one, and may be one of the parade of horribles, along with extortion, blackmail, identity theft, and others that will be brought against ideas like ZCash. The problem is that a 'ZCash' alternative is almost inevitable, and the best we can reasonably expect is to control the markets for these transactions to reduce or prevent them (as is done with cash/physical currency).[1]
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#6The article is a bit inaccurate; SNARKs weren't developed just by Eli; there's an entire group of researchers at the SCIPR lab who worked on this stuff:
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#7The 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...
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#8ZCash looks like a promising tool to prevent civil forfeiture and legalized theft. It is interesting how the same (or similar) technologies that have made cash rare, and allowed tracking of transactions and spending, may subsequently enable radical anonymity. P.S. I hope to see an investment market based on anonymous cryptocurrency one day; it would allow many people who currently lack access to investment markets or…
"ZCash looks like a promising tool to prevent civil forfeiture and legalized theft."
How does it prevent civil forfeiture specifically? Can you elaborate?
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#9ZCash looks like a promising tool to prevent civil forfeiture and legalized theft. It is interesting how the same (or similar) technologies that have made cash rare, and allowed tracking of transactions and spending, may subsequently enable radical anonymity. P.S. I hope to see an investment market based on anonymous cryptocurrency one day; it would allow many people who currently lack access to investment markets or…
"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 you have anything they want, or how to get it.
Re: ZCash Will Be a Truly Anonymous Blockchain-Based Currency
#10The 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?