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There was a bug, with which the Zcash developers could have used to generate infinite coins for themselves, and it so far cannot be proven that this did not occ
by ajkdhcb2 5y ago
There was a bug, with which the Zcash developers could have used to generate infinite coins for themselves, and it so far cannot be proven that this did not occur. I do not know how so few people are aware of it. I do not mean the trusted setup, but this: https://forum.zcashcommunity.com/t/zcash-counterfeiting-vulnerability-successfully-remediated/32671/39 https://forum.zcashcommunity.com/t/zcash-counterfeiting-vuln...
The developers were funded by suspicious government organisations including DARPA and Israeli Ministry of Science and Technology.
It is centralised, with an organisation receiving significant coins directly from the protocol.
Opt-in privacy defeats much of the point and creates traceability issues - privacy needs to be the default for people to use it, for their coins to not be treated suspiciously if they turn on the privacy feature, and it is a requirement to have a large anonymity set.
Among other reasons, there are many...