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> Another altcoin. The vast majority of "altcoins" are minor tweaks on Bitcoin and a couple others, they're not at all technically interesting, and I think it'
by tlrobinson 10y ago
> Another altcoin.
The vast majority of "altcoins" are minor tweaks on Bitcoin and a couple others, they're not at all technically interesting, and I think it's an open secret they're pump-and-dump schemes.
I don't know much about ZCash, but I know it's pretty unfair to dismiss it as "another altcoin". The people behind it are well respected [1][2] and it makes use of novel technology.
1. https://en.wikipedia.org/wiki/Matthew_D._Green https://en.wikipedia.org/wiki/Matthew_D._Green
2. https://en.wikipedia.org/wiki/Zooko_Wilcox-O%27Hearn https://en.wikipedia.org/wiki/Zooko_Wilcox-O%27Hearn
- zepolen 10y agoI can't tell if you're trolling or not.
- JauntyHatAngle 10y agoHuh? What part of his post is trolling?
- tlrobinson 10y agoNot trolling. What makes you think I am?
- bduerst 10y ago>I don't know much about ZCash ZCash has this ability to de-anonymize users through targeted blocks, and is a privately-held U.S.-based company that claims no liability for it's user's actions, meaning if subpoenaed they will [probably] turn over information. They're also privately cashing in on 20% of all transaction fees. Just because someone behind a project has credentials you respect doesn't mean we should ignore aspects of the project.
- murbard2 10y agoThe privacy in ZCash is information theoretical. There just aren't enough bits in the transaction to identify you.
- deleted 10y ago[deleted]
- bduerst 10y ago>There just aren't enough bits in the transaction to identify you. From the ZCash Whitepaper: >A powerful attacker could potentially fabricate an additional block solely for a targeted user. Spending any coins with respect to the updated Merkle tree in this “poison-pill” block will uniquely identify the targeted user.
- murbard2 10y agoThat would only tell you that a given network participant is making a transaction. The inputs, outputs and amounts are all still private.
- deleted 10y ago[deleted]
- tlrobinson 10y ago> Just because someone behind a project has credentials you respect doesn't mean we should ignore aspects of the project. I agree. Good thing that's not what I did. Regardless of any flaws, there has clearly been a lot of effort put into it by multiple smart people with good intentions (from what I can tell), therefore it is unfair to characterize it as just "another altcoin". That's the only assertion I made.
- bduerst 10y agoBut when you look at the characteristics of ZCash, it is just another garden variety alt-coin, despite the credentials of the people behind it.