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Well, if you want true privacy you should try Zcash.

by pontus 4y ago

lawn 4y ago
Opt-in privacy has some serious flaws, not to mention the trusted setup that IMO makes it untrustworthy as a currency.
- pontus 4y ago
  Both of these are no longer a thing with NU5 / Halo 2
lrvick 4y ago
Zcash is well designed but in practice I have yet to see any services accept it but many that accept monero.
lordofgibbons 4y ago
While zk-SNARKs is a cool piece of technology, their source of funding[1] doesn't inspire confidence. In addition to that, even the few people people who do use Zcash, don't use it's privacy features. 99% of their transactions aren't private and are fully traceable [2]. Why would you want your transactions to stand out? [1] http://zerocash-project.org/about_us http://zerocash-project.org/about_us [2] https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash-transactions-traceable-says-chainalysis/ https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash...
- MerelyMortal 4y ago
  A couple of years ago on reddit, someone issued a challenge to find the destination of their private Zcash transaction. Someone won the challenege, not by tracing the transaction itself, but by recognizing it was the only transparent to private, and private to transparent transactions with in a timeframe. That's why privacy needs to be mandatory like it is with Monero.
  - pontus 4y ago
    This is quite outdated, I believe. With the launch of NU5/Halo2 in a couple of weeks, all transactions will be private by default. Plus, even without that change, the shielded pool is way larger these days. Finally, a fairer comparison with Monero would have been to trace a shielded to shielded transaction. This should be literally impossible with Zcash.
    - MerelyMortal 4y ago
      Private transactions by default sounds good, glad to hear. I guess that's why they extended their 20% dev tax past the initial first half of emittance like they originally advertised.
fastball 4y ago
Although ZCash is arguably built on better fundamentals (zk-SNARKs vs RingCT), ZCash's history is slightly more fraught than Monero's and that's enough to keep many people in the XMR camp.

Well, if you want true privacy you should try Zcash.

by pontus 4y ago

Well, if you want true privacy you should try Zcash.

lawn 4y ago

Opt-in privacy has some serious flaws, not to mention the trusted setup that IMO makes it untrustworthy as a currency.

pontus 4y ago
Both of these are no longer a thing with NU5 / Halo 2

lrvick 4y ago

Zcash is well designed but in practice I have yet to see any services accept it but many that accept monero.

lordofgibbons 4y ago

While zk-SNARKs is a cool piece of technology, their source of funding[1] doesn't inspire confidence. In addition to that, even the few people people who do use Zcash, don't use it's privacy features. 99% of their transactions aren't private and are fully traceable [2]. Why would you want your transactions to stand out? [1] http://zerocash-project.org/about_us http://zerocash-project.org/about_us [2] https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash-transactions-traceable-says-chainalysis/ https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash...

MerelyMortal 4y ago
A couple of years ago on reddit, someone issued a challenge to find the destination of their private Zcash transaction. Someone won the challenege, not by tracing the transaction itself, but by recognizing it was the only transparent to private, and private to transparent transactions with in a timeframe. That's why privacy needs to be mandatory like it is with Monero.
- pontus 4y ago
  This is quite outdated, I believe. With the launch of NU5/Halo2 in a couple of weeks, all transactions will be private by default. Plus, even without that change, the shielded pool is way larger these days. Finally, a fairer comparison with Monero would have been to trace a shielded to shielded transaction. This should be literally impossible with Zcash.
  - MerelyMortal 4y ago
    Private transactions by default sounds good, glad to hear. I guess that's why they extended their 20% dev tax past the initial first half of emittance like they originally advertised.

fastball 4y ago

Although ZCash is arguably built on better fundamentals (zk-SNARKs vs RingCT), ZCash's history is slightly more fraught than Monero's and that's enough to keep many people in the XMR camp.