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Indeed. But I wouldn't consider ZCash to be in the same category as Monero, not with the way it was pre-mined, the sketchy key ceremony, the developers' willing
by bestbuyer__ 4y ago
Indeed. But I wouldn't consider ZCash to be in the same category as Monero, not with the way it was pre-mined, the sketchy key ceremony, the developers' willingness to co-operate with law enforcement, and the unshielded-by-default transactions.
- godelski 4y agoI'm out of the loop. Why does it matter if they cooperate with police? That would be like signal's big brother, right? If it is secure then there's nothing to really give them. I did hear they are removing the unshielded wallets and fixing the ceremony process fwiw.
- bestbuyer__ 4y agoBecause the main use-case of a privacy coin is for illegal transactions such as drug sales on the dark web, so co-operating with law enforcement entirely defeats the point.
- ChadNauseam 4y agonote that if they lied in the ceremony process, the only thing they could do is undetectably mint zcash. they would not be able to deanonymize shielded transactions
- bestbuyer__ 4y agoThat's not a very comforting thought...