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If you are using Bitcoin for privacy you are an idiot. Dedicated privacy coins like ZCash have existed for years, and even more modern systems like Aztec are o

by rmtech 5y ago

If you are using Bitcoin for privacy you are an idiot. Dedicated privacy coins like ZCash have existed for years, and even more modern systems like Aztec are on the rise. https://zk.money/ https://zk.money/ Eventually Aztec will allow not just private payments but running arbitrary code on-chain in private. The mainstream is completely clueless.

Loughla 5y ago
The mainstream is confused by the sheer number of coins available. For example, I have never heard of zcash or aztek. I have no idea what they're about or how long they've existed, or whether or not they're a scam. I understand there are different uses for all of these coins, vaguely. But I also have no idea which are scams, which are not, and which are good for what I need. Further, I have zero idea where to even start to evaluate those three points, let alone the trading process. And a lot of that issue is because crypto zealots are sort of awful to deal with, because many times they are needlessly condescending. Ask for help in crypto forums, and you get responses such as, "don't be clueless" or "use [insert weirdly named coin here], obviously [zero references to follow this statement]." Also, the number of people shilling various coins is genuinely startling. Too many people have too much invested in too many coins for me to be comfortable that I'm not being scammed. Source: I am as mainstream as it gets with this stuff.
- Black101 5y ago
  Monero is apparently better then Zcash
Black101 5y ago
If I buy Bitcoins using cash, it can be pretty good, privacy-wise...
matheusmoreira 5y ago
Zcash privacy features aren't even on by default. You have to explicitly choose to make private transactions. This isn't good for a coin with Tor-like properties such an anonymity set. In practice, that set will be small enough for users to stand out and be identified.
vecinu 5y ago
The link you provided literally has one option, "Connect", outside of the GDPR cookie banner. I can't even see what this website is doing and you expect people to just trust their money with these types of actors? I think that says more about you than "the mainstream".

by rmtech 5y ago

Loughla 5y ago

The mainstream is confused by the sheer number of coins available. For example, I have never heard of zcash or aztek. I have no idea what they're about or how long they've existed, or whether or not they're a scam. I understand there are different uses for all of these coins, vaguely. But I also have no idea which are scams, which are not, and which are good for what I need. Further, I have zero idea where to even start to evaluate those three points, let alone the trading process. And a lot of that issue is because crypto zealots are sort of awful to deal with, because many times they are needlessly condescending. Ask for help in crypto forums, and you get responses such as, "don't be clueless" or "use [insert weirdly named coin here], obviously [zero references to follow this statement]." Also, the number of people shilling various coins is genuinely startling. Too many people have too much invested in too many coins for me to be comfortable that I'm not being scammed. Source: I am as mainstream as it gets with this stuff.

Black101 5y ago
Monero is apparently better then Zcash

Black101 5y ago

If I buy Bitcoins using cash, it can be pretty good, privacy-wise...

matheusmoreira 5y ago

Zcash privacy features aren't even on by default. You have to explicitly choose to make private transactions. This isn't good for a coin with Tor-like properties such an anonymity set. In practice, that set will be small enough for users to stand out and be identified.

vecinu 5y ago

The link you provided literally has one option, "Connect", outside of the GDPR cookie banner. I can't even see what this website is doing and you expect people to just trust their money with these types of actors? I think that says more about you than "the mainstream".