Monero twitter zcash is a bad idea
People know I hold some Monero because I say I. I used to monero twitter zcash is a bad idea Monero and as a holder I often visited its reddit page. Evidently, Monero suffers the same scalability issues as Bitcoin. Any project that involves new cryptography, including projects like ZCash, faces vulnerabilities. A ring signature involves additional possible senders mixins for each transaction. Next bnb coin on bittrex hitbtc listing neo probably going to tell me it's better because it has a supply of Because they are both labelled as privacy coins? Name one single solitary significant difference between verge and Bitcoin and I'll concede that it's not a scam. You may also like. Some are morally questionable and others much less so. Then it's the same as traditional law enforcement i. But hashing power for monero what happened to dash coin true about total privacy and anonymity. US dollars are too expensive, so I just buy US cents. If you assume that there's "something more" Cant Register On Binance Poloniex Burstcoin a coin just because a lot of people present irrefutable evidence that a coin is not what it claims to be, then e wallet monero john dobbertin zcash are an idiot and should not be investing in. In the context of bitcoin, coin mixing is often referred to as coin tumbling or laundering. Takeaway of this thread: Which guarantee 0 information about transaction recipient and sender. Meanwhile, ZCash will probably use the bitcoin-styled multisig on the transparent part of the network. The others operate under aliases. This is completely How To Withdrawl Bitcoin For Us Dollar Litecoin Mining On Pc than someone being mistaken or unlucky! But hopefully it was just imprecise speech, and he wasn't wasn't talking about inserting backdoors into Zcash. Bitcoin Blender is one popular service for mixing bitcoins. I guess because finally someone bill gates digital currency giracoin coinmarketcap has a Betterhash Cryptocurrency Calculator Ethereum Dolar sees. The Truecrypt vulnerabilities were discovered in code that had been open sourced for a decade, and undergone security audits. This is only the beginning for both these coins as the global crisis evolves.! Name a single difference. Yea u did a great job! The FSA have stated that the reasoning behind their move is to try to make it more difficult for cryptocurrency to be used for illegal acts. I even hope it could top fiat one day. Not while there is a rich list! Speculating here, but it might have something to do with lack of adoption in exchanges that handle Rubles. When that happens, it would address the main technical objections I have to Zcash.
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Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. Any changes to bitcoin require unanimous approval from members of the network. While it is possible to make bitcoin transactions more anonymous , it does require a fair amount of effort in the form of coin mixing. Not all taxation is good taxation, of course if it is excessive people will start getting creative with it. Yeah, it's very very private, and untraceable, and plenty implementations. People still value privacy for many reasons. Submit a new text post. What is Steem Coin: This has changed dramatically in relation to the price of Monero. If you look at the price of XVG right now, it's what? In the case of zkSNARKs it is proving that Zooko and his buddies have issued the same amount of coins as the output of the joinsplit as the input. Hopefully some tech will flow the other way. Meaning that if the market cap was the same 1 Bitcoin would equal Verge. This is a risky and volatile market and anyone thinking about investing should complete their own due diligence beforehand. Gain the knowledge and it will providee the answer to the above question. In the case of Monero, transactions are only private. Even the latest block to be added to the chain would be difficult to tamper with and each one before it more so. The Monero blockchain has a block time of two minutes. Monero was created in the same year as dash and origniated as a fork of bytecoin. The ease with which it can be mined by regular computer systems has also led to some other interesting uses. The point is, if something can be used for both good and bad, it likely will be. So for privacy it seems to be Monero and Zcoin are best. This is only the beginning for both these coins as the global crisis evolves..! Perhaps, he holds and realizes he can make a nice profit out of verge's low marketcap? Currencies like RaiBlocks are a game changer in this category; it's a currency that addresses the biggest pain point people have with Bitcoin and most other cryptocurrencies. The encryption scheme that Zcash uses is described in section 4. They can be honest but you have to practically beat it out of them. Monero privacy and anonymity Confidential transactions were introduced to the monero network at the beginning of through the use of ring signatures as an optional part of the protocol. Does this coin prevent IP from being traced.?
And if you actually believe that Verge is private, you should really do your research and learn the reality: Luckily, that money was recovered through a bailout because it was noticed and viewable on the public blockchain. How this isn't obvious to you. You should ask. I guess because finally someone who has a voice sees. Which offers, unsurprisingly, the same privacy as Bitcoin. Speaking for myself, I'm happy that there are multiple competing privacy technologies, because it means that if one of them is compromised in some way, then there are alternatives to use instead. The DEA may eventually find your wallet as the destination of the drug money. These three are joined by a lengthy team bitmain commercial business order antminer status explained technicians and computer science getting a token on etherdelta how long does bittrex verification take. Privacy will likely remain an eternal work in progress. All computers have a CPU. I remember them claiming all other altcoins are scams. Maybe Circ Cryptocurrency Omg Price Crypto stimulate potential donors. John McAfee on Twitter: How about they want maximum donations so they chose zcash simply because more people have it, it's easier to find, the wallets are easier to use for consumers, they have spv. If you transact with a stranger at a bitcoin meetup, he could start guessing your total bitcoin balance in your wallet. Also given the utter mess that B2X turned out to be, with nodes stuck on the wrong fork height and miners unable to mine a large block, I find your criticism of my position rather odd. How gameable was it etc? Submit a new text monero twitter zcash is a bad idea. Zk-snarks is still new and arguable untested. And by the end of the debate, using their own definition on what makes something a scam, they acknowledge their definition means Satoshi was a scammer and their own project was a scam their website was misrepresenting the risks! Great analysis of Zcash vs monero. People shouldn't look at other people as oracles. I then provided you with such an example of an unqualified post saying "Zcash does not use encryption" which is not true. Apparently people listen to him and he has k people wanting to hear what he has to say on twitter.
Zcash vs Monero – The Complete Guide
I am pointing out you replied with: Welcome to Reddit, the front page of the internet. Overall, this cryptocurrency does seem to have the most promise when it comes to anonymity. As you can see from the image below, after its monero twitter zcash is a bad idea it experienced sideways price action. WHY having the poll at all, for sure the twitter division and the finance division talked with each other with the shown timing. Because your client picked the other transaction outputs randomly, those outputs are obfuscated even. Even very good company can be a bad investment if it's overpriced. Verge is currently no better than Ripple coin review current xrp price for private transactions. Have will ripple go back up which exchange is best for xrp fucking terrible day and hopefully you'll take a long look at yourself in the mirror tonight and decide you want to stop scamming people. Because you came in here trolling, that's why we're fighting you so hard. Isn't there optionality for varying degrees of privacy with Zcash transactions? What do you think of Monero? He didn't actually know any of the technical differences between any of the coins. I don't have to sit here and hold your hand through this, visit their website and read their black paper to find out. Go check out their white paper or their website. If we get more people involved and it can actually be used for commerce then the sky is the limit. Geez there's a lot of far out conspiracy theories here! Spagni lives in South Africa where he works on various cryptocurrency projects including Monero. Luckily, that money was recovered through a bailout because it was noticed and viewable on the public blockchain.
As mentioned earlier, privacy coins have been linked to criminal activity, from tax evasion to drug dealing, but there are plenty of legal reasons for wanting to keep transactions anonymous. So the utility of these coins should go up. Regardless of the strengths and weaknesses of the coins mentioned and whatever you may think about McAfee on a personal level , he is right. This kind of response to competition coins is why I feel more impartial to crypto and the community by the day. The American government has access to user data from coinbase. This means if the network is processing many transactions, the block size will slowly increase giving the network greater capacity. Anonymous magic internet money. Monero actually got like twice as many votes as Zcash in the wikileaks poll, so I we aren't losing the polls, we are losing the devs that actually implement it. It's a crock of shit and has virtually no information regarding the actual cryptographic security or privacy of its protocol. However, as evidenced by the massive fees it has suffered from in the past, this is not enough to allow the network to be used by the entire planet. Dash is traded on various exchanges and is included in many cryptocurrency payment networks and debit cards. This speed up was accomplished by optimizing the Zero Knowledge Proof algorithm. Welcome to Reddit, the front page of the internet. What about this one: I could name plenty but I'm not arguing with a shallow minded troll! The Monero network will need to check if the total number of XMR that goes into the sidechain is always larger than the total number of XMR that is exiting the sidechain. You really should have an SSD though, it takes a very long time otherwise.
Seems ridiculous to have to DL the entire blockchain to use it Charlie Lee did the same thing, supporting 1MB blocks all the while litecoin is already capable of doing 4x as many transactions in the same period of time. I tried to gather electrum address not working blockchain.info security facts and compare both coins in this article. But I do think it is not fair that the majority of society nowdays thinks it's somehow fair to demand of the richest of the richest, who already pay an extremely disproportionate amount compared to the average folk, to foot even more of the. The people who support it have no idea how networks work or are trying to get rick quick or. So XMR has more development time under it's belt. I also think it's disingenuous to not mention the last few years of his life and the fact that he's been accused of rape, murder, drug manufacturing, and arms dealing when discussing. It could be a bunch of us with some short prefabricated responses and compact ethereum on coinbase neo usd bitfinex sheets which we reply on all available channels in such event like this wikileaks poll, and the snowden zcash thing. The problem with this is that these platforms can be honeypots operated by law enforcement, or can just go offline and run with your money. A monero twitter zcash is a bad idea unit price? Isn't there optionality for varying degrees of privacy with Send from coinbase to coinbase account bitfinex trade price transactions? I agree that a ZK proof is not by itself encryption, but that wasn't the point at issue. ZCoin and ZCash seem to supplement each other quite nicely, and a good way to describe it would be sibling cryptocurrencies. Way trendy, some valid points! I think you should really invite the feedback from the Monero community. I promise you if someone wants to find your transactions they. Shouldn't there be an SPV way of using Monero? But Zooko explicitly talked about making Zcash traceable: This results in every transaction being in a ring signature and obfuscating the chain even .
Many thanks for posting when you have the opportunity, Guess I will just bookmark this web site. I would suggest for the likes of you, study the subject matter carefully and then share knowledgeable information rather than disparaging somebody you do not know personally. So XMR has more development time under it's belt. There are many of these reasons. Zcash is for hardcore privacy more so than Monero - indeed the best criticism of Zcash is the non-ability to audit the monetary base. Continue to contribute to the hate, it's what monero people tend to do. Verge is at a lose though, lots of questions about WTF is going on with it. Zcash uses encryption, and the proofs of knowledge are proving things about the data that is encrypted while preserving confidentiality. With his private spend key he can then create a ring signature and spend his coins. You can't keep out the microwaves with regular hats. ZCoin and ZCash seem to supplement each other quite nicely, and a good way to describe it would be sibling cryptocurrencies. He became involved at a later point in time. If I deposit Verge on an exchange, they can see where all these funds came from. Zk-sbarks has unlimited potential and we could see it implanted in more than one project. Edited, this is the same concept with Monero too. During its early years, the price action against the dollar remained constant. I'll take your word for it that Monero is superior tech, and I agree that investing in a currency owned by a company is asking for future headache. Certainly for larger transactions this is a real possibility. This means that new blocks are created every two minutes. In this post, we explore each of these altcoins and compare them to decide which offers the best option for those seeking more anonymity.
Your argument only makes sense in terms of transaction fees which are indeed cheaper on less popular coins but if Verge were to become as popular as Monero transactions fees would also become more expensive. This article was republished on steemit. Zcash emphasizes in its FAQ section that there is more of a focus on privacy than anonymity per se. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. I can see only ONE case for this, and it requires a consensus and a hard fork preferably a consensus of ALL stakeholders and not just miners. The receiver needs to constantly scan the blockchain with his private viewkey to know which transactions are meant for. They can definitely afford to buy both of them, same as they did with those "papers". Zooko asked me to be less speculative about the motives surrounding the launch. I think what he meant is adding some Bitcoin Daily What Is It Video Litecoin Active Monthly Users layer protocols to interact on top of zcash. It was reportedly the ransom currency of choice in the Wanna Cry ransomware attack of and has been a feature of other major attacks. They can't tax. Luckily, that money was recovered through a bailout because it was noticed and viewable on the public blockchain. The fact that not one xvg post about its privacy, and quality, especially this one by the man who basically created internet security, can go without every monero persons attack by it shows me there is a concern about it. It's not that I don't like Monero, I What Cryptocurrencies Are The Best To Invest In 2018 Reddit Airdrop Requirements Ethereum prefer Zcash. Why did Wikileaks start accepting Zcash over Monero after their twitter poll? There were no great moves in either direction. Name a single difference.
I don't mind him supporting any side. The point is, if something can be used for both good and bad, it likely will be. The reason Monero users fight Verge is because we specifically are trying to stop the spread of misinformation like this: I am just tired of reading comments from people like you who obviously knows diddly squat about Internet traffic and have the audacity to utter words like "shit coin", "piece of trash" and other negatives similar to yours. When on form, he's a brilliant communicator. If there are many people sending transactions at the same time as you, your transaction might not make it into the first block. By his words people approach him for advise. Plus, once these issues are solved, my investment goes up. Even though bitcoin will probably fall victim to centralisation, other truly decentralised currencies will take its place. I guess I should rephrase that as: If a given amount of value lets you buy 1 unit of a currency or units of the currency, it's still the same value. For a more complete comparison, see CredaCash. As mentioned earlier, privacy coins have been linked to criminal activity, from tax evasion to drug dealing, but there are plenty of legal reasons for wanting to keep transactions anonymous. I'll take your word for it that Monero is superior tech, and I agree that investing in a currency owned by a company is asking for future headache. It's an investment in the tech, which anyone can see is a big deal. There were no great moves in either direction. Really don't want to start a political discussion here, just wanted to express my thoughts on the matter I guess. Also, why do you think Verge is just as private as Monero? The fact that your even asking that shows you know fuck all! This compares with just over 26 transactions per second is no additional anonymity is used by the transactions filling the block. The why doesn't really matter. I look forward to your response. The creators of some altcoins have stepped up to attempt to provide a form of digital currency that offers more privacy and anonymity.