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ZK Snarks is where it's at for crypto. Every cryptography gives the cryptographer an immediate asymmetrical advantage, and that's necessary given crypto's adve

ZK Snarks is where it's at for crypto. Every cryptography gives the cryptographer an immediate asymmetrical advantage, and that's necessary given crypto's adversaries. Said cryptography advantage cannot be wasted by centralizing the social environment where people exchange the tokens Crypto exchanges are the singular main point of failure and that is true for both centralized and de-centralized exchanges

legutierr 5y ago
Is there a third type of exchange that I am not aware of, other than centralized and decentralized exchanges? How else would people exchange tokens but through a crypto exchange? Are you saying people shouldn’t exchange their crypto?
- maverick-iceman 5y ago
  The same way people buy stuff like marijuana, prostitution, alcohol where all those things are illegal, except people who have those preferences are few and far in between, whereas everybody and their brother is afraid of inflation, debasement and be diluted by the government and the Fed with the excuse of economic recovery. My prediction is that over time people would simply find a btc dealer and pay them with wire transfer and lie to their bank about the reason of the transfer Same thing with Paypal, credit cards etc. Every regular business is a potential dark crypto exchanger where a person goes there (either physically or online) and there is a tacit deal that they'd pay money but the business won't provide them any goods or services, they'd send them cryptocurrencies instead. That's what true decentralization looks like, a global opaque market where each transaction ought to be negotiated individually between 2 parties. LocalBitcoins.com tried, but people preferred the convenience of exchanges such as coinbase, they'd have to learn the hard way when government cracks down on those. That's really unstoppable, you can never shut it down A huge benefit is also that there would not be an notorious and advertised global price which people can point at and become envious about those who bought bitcoin at 0,01$. Those people are the biggest opposition to BTC/crypto. Not the environmentally concened, but those who think they missed the boat and and now want to gang up on crypto to destroy other people's gains and re-establish parity. Many environmentally concerned are just envious people who use the environment as the excuse , but they really can't stand the wealth differential which emerged between themselves who missed the boat and the early adopters.ff
koheripbal 5y ago
Which coins currently use it besides Monero?
- maverick-iceman 5y ago
  Monero doesn't. Zcash does, and they are planned to be implemented on Ethereum

legutierr 5y ago

Is there a third type of exchange that I am not aware of, other than centralized and decentralized exchanges? How else would people exchange tokens but through a crypto exchange? Are you saying people shouldn’t exchange their crypto?

maverick-iceman 5y ago
The same way people buy stuff like marijuana, prostitution, alcohol where all those things are illegal, except people who have those preferences are few and far in between, whereas everybody and their brother is afraid of inflation, debasement and be diluted by the government and the Fed with the excuse of economic recovery. My prediction is that over time people would simply find a btc dealer and pay them with wire transfer and lie to their bank about the reason of the transfer Same thing with Paypal, credit cards etc. Every regular business is a potential dark crypto exchanger where a person goes there (either physically or online) and there is a tacit deal that they'd pay money but the business won't provide them any goods or services, they'd send them cryptocurrencies instead. That's what true decentralization looks like, a global opaque market where each transaction ought to be negotiated individually between 2 parties. LocalBitcoins.com tried, but people preferred the convenience of exchanges such as coinbase, they'd have to learn the hard way when government cracks down on those. That's really unstoppable, you can never shut it down A huge benefit is also that there would not be an notorious and advertised global price which people can point at and become envious about those who bought bitcoin at 0,01$. Those people are the biggest opposition to BTC/crypto. Not the environmentally concened, but those who think they missed the boat and and now want to gang up on crypto to destroy other people's gains and re-establish parity. Many environmentally concerned are just envious people who use the environment as the excuse , but they really can't stand the wealth differential which emerged between themselves who missed the boat and the early adopters.ff

koheripbal 5y ago

Which coins currently use it besides Monero?

maverick-iceman 5y ago
Monero doesn't. Zcash does, and they are planned to be implemented on Ethereum