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Only when you opt-in to using shielded transactions. Which up until the recent upgrade took a ton of CPU power and RAM to do. Combine that with two of the foun

Only when you opt-in to using shielded transactions. Which up until the recent upgrade took a ton of CPU power and RAM to do. Combine that with two of the founders saying they're OK with backdoors (Green) and making it too traceable for criminals (Zooko) plus a 20% cut of all the currency for years and it starts looking sort of bad. (Yes it's 10% overall, but instead of showing long-term trust in their project, they decided to grab 20% really quick.) Monero is far from perfect. Their ringsize is pitiful. But it works well, doesn't require heavy hardware, and privacy is mandatory. Plus it feels like a real community effort, not commandeered by a group that's open to making things traceable or demanding a huge cut.

contingencies 9y ago
they're OK with backdoors See matthewdgreen response elsewhere in this thread. This is FUD. https://news.ycombinator.com/item?id=15370744 https://news.ycombinator.com/item?id=15370744
AgentME 9y ago
>Which up until the recent upgrade took a ton of CPU power and RAM to do. It's nothing beyond what most laptops can do in a few seconds; the main issue is that it's enough that they decided not to make it the default mode, and many services like exchanges don't make anonymous transactions when sending to users. (A user can always then immediately move that zcash to an anonymous address afterwards, but that does mean it's somewhat public that $service made a transaction of X amount at a certain time.) Hopefully they'll change the default sometime since they've announced that they've found ways to massively improve the efficiency.
mrb 9y ago
«too traceable for criminals (Zooko)» No. Zooko denied it: https://twitter.com/zooko/status/864341289374023680 https://twitter.com/zooko/status/864341289374023680