/biz/ - Business & Finance

>>29703661
Historically Zcash has had the biggest dad dick sized green candles. If you zoom out on a chart you will see the multi-year accumulation in effect. /biz/ hates it, so naturally it's a good buy.

Shilled by winklevoss twins. Greyscales been accumulating. Privacy coins are one of the only legitimate use for crypto outside of bitcoin and defi(with options)/supply chain/gambling. $500 eoy rich gonna use it to hide money from taxes that while welfare state keeps going

>>29704864
how would it help with taxes
how do you explain say 100k of your BTC disappearing somewhere, then suddenly you got 100k on your bank account

>>29703661
dont buy zcash its a mess

>>29703661
>made in tel aviv
>optional privacy
>no adoption
>dev tax
>trusted set up
Kek

>>29705369
All bullish its just private enough to let people evade taxes. Similar to offshore banking

Enjoy your ZtalinCash:

https://twitter.com/zooko/status/863202798883577856

>>29705103
Shielded withdraws available from gemini. (((Feds))) don't know what you take out and what you do with it when you take it out

>>29705685
see
>>29705817

And read:

https://www.reddit.com/r/Monero/wiki/comparison

In my experience people who fud have previous knowledge and want to fuck people over.

Tell me about zcash.

>>29705950
>https://www.reddit.com/r/Monero/wiki/comparison
XMR trannies don't get it. Your shitcoin is going to get banned. ZEC is better because it's worse. Zec is approved for trading by NYAG. Noone with a lot of money is going to use fucking kraken to buy monero in the us. Theyre gonna use gemini and hide their money and the feds will turn a blind eye like all other legal tax evasion

>>29706291
I'm expecting xmr to get it's ass banned so hard when society adopts crypto. It will only be seen as illegalmoney.exe and that's why it is a very risky long term hold. ZEC seems like a safer bet.

Hahaha fuck you shills monero getting banned is actually bullish, because then you know it works

>>29703661
There’s no zcash thread cuz its a glowie coin

/thread

>>29707082
I care about a 10x not buying drugs in 10 years

>>29707215
bullish

>>29706291
>>29706556
>>29707236

If you like zcash then you should consider PIVX. It’s similar but you can stake it

>>29707705
Even Monero maxis don't see their coin going much over $500... so what is the point holding it? We want sick gains

>>29707705
lmao. max wanna-be cypherpunk cringe.
>got into BTC in 2013
LATE
>chose to hop in the XMRfag community
WRONG CHOICE
>Disclaimer: I own some BTC & XMR.
BAGHOLDER GALORE

there's a reason why Satoshi and Zooko were tight.

Whats everyone thinking for peak ZEC price for 2021?

>>29708623
this year? $1-2k. Next year probably upwards of $4-6k

>>29708973
Interesting. Still wondering if I should hodl long term or swing them into BTC this year...

>XMR maxis making asses of themselves itt
Come on guys surely you have better arguments than that. ZCash is a shitcoin, and not because the very same people who hate privacy shill it. It's a shitcoin because it only has 18 valid nodes running. ZCash is extremely unsecure and vulnerable to getting 51% attacked

So is this why the darknet isn't adopting it?

>>29709326

You know what I love both monero and zcash they're pretty comfy I'm not holding any zcash but thinking about running a zcash node because oh boy there are like I think 200 nodes compared to monero's 2000+ nodes

>>29709999
>https://twitter.com/zooko/status/863202798883577856
The node count is broken on the block explorer there is way more than 200 nodes.

/thread

>>29710677

Oh, my bad. Do you know the real number is?

>>29710677
Perhaps it is, but pic related isn't very good either
>https://twitter.com/MadarsV/status/1351069423717801985

>>29711002
Oh please the dude told him he was going to make a T>Z transaction and at what time. All it takes is a lucky guess looking at the block explorer. z2z are stronger than monero.

>>29711759
I have no idea what T>Z means but feel free to explain how zcash is stronger than monero

>>29706291
>>29706556
>XMR trannies don't get it. Your shitcoin is going to get banned.
Please explain how exactly XMR would be "banned". Who do you imagine banning it, how do you imagine them doing so, and why do you think they would do it at some point in the future if they haven't done it by now?

>>29706556
>It will only be seen as illegalmoney.exe and that's why it is a very risky long term hold. ZEC seems like a safer bet.
When the primary selling point of a token is privacy, and the government (who dislike privacy) says one is ok to use and the other is illegal, how is this anything but a massive endorsement of the token they declared illegal?

>>29707967
XMR would easily hit 6 digits or more if even a tiny portion of global black markets began using it. There are untold trillions of dollars in illegal funds floating around the world and there are a lot of people spending a lot of time and money hiding their wealth. And let's not even get started on moving that money around...anyone who's watched a couple mafia or cartel movies have seen huge efforts being made to transfer stacks of physical cash. If they (or anyone else waking up to bitcoin's downsides) starts using XMR as a store of wealth or a means of wealth transport, it will experience bitcoin-like growth.

Points in favor of this happening eventually:
>cartels have already been caught trying to use BTC to transport/launder money. Sooner or later they'll realize that there is a coin out there that would work even better than BTC
>XMR is the only payment method accepted by various darknet markets. This might be giving XMR some bad press among people who care about that sort of thing, but it's also the best proof you can get that it's the superior choice if you want to invest in a privacy coin, as it's the only one actually being relied on by people who would face life in prison if identified

>>29711908
see:https://arxiv.org/pdf/1712.01210.pdf

>>29711908
Monero privacy set is determined by the ring size. Zcash privacy set consists of all previous transactions which have had any form of shielding. This is about 300 000 so far.

>>29712700

Points against:
>Regulation, I guess? But it would be very hard to regulate currently and will only get harder in the future (more/cheaper decentralized exchanges, atomic swaps, etc). Seems unlikely that regulatory action would be anything but bullish. Trying to ban it is letting everyone know that it's effective at what it does. If anything, governments will adopt XMR as well. No need to worry about taxpayers tracking down your shady payments to rebels in third world countries when you pay them via XMR.
>Replaced by a competitor coin? Also seems unlikely, as XMR has a very healthy dev community, can hard fork whenever it wants, and has, and has been constantly improving. As the leading privacy coin, it's also the one under the most scrutiny, and therefore much less likely to have flaws or exploits that newer or less tested coins might have, and all it takes is one person using a "newer, better!" privacy coin being exposed for everyone to drop it. I can't imagine anyone whose privacy is a matter of life or death, or even prison or death, choosing to use zcash after seeing >>29711002, for example.

I'm fudding honestly, btw. I fully believe that a truly private coin will inevitably replace BTC. Why would you NOT want your wealth to be anonymous? Every argument made for BTC as a store of wealth works even better for XMR, but if there's actually a superior alternative to XMR out there then I'll happily throw some money into it, but I don't see any need for more than one coin in this niche. If I'm wrong, let me know.

>>29712786
go fuck yourself
>>29712811
until you can trace a single monero transaction arguing about privacy set is moot and in fact just mental masturbation

>>29705369
As another anon said, all of this is bullish. Don't forget that Zec has UCB grads working on it and tons of Silicon Valley connections.
I actually like both Zec and Monero

>>29713088
also just noticed the tweet you referenced says the zcash privacy set is smaller than monero

Post on r/darknet:

>Why Monero and not Pirate/Zcash?

"Can somebody please explain to me why darknet markets still use Monero when chainalysis is knocking on the door? Yes I know that Monero has the first mover advantage, but zk-SNARKs is the superior technology here."

"Zcash (optional z-address use) and Pirate Chain (mandatory z-address use) both use zk-SNARKs, so why do darknet market still choose to use Monero?"

"I'm surely missing something here or are they just misinformed? Don't get me wrong I love Monero, but technology is evolving, is the "general" public just behind?"


Top answer:

"Monero really is the most private in real-world use."

"Zcash and ARRR have 1 or 2 points that are theoretically better (more mixins) but it doesn’t matter how good the mixing is if your txn was the only one that happened at the time the adversary was looking"

https://nakedsecurity.sophos.com/2013/12/20/use-of-tor-pointed-fbi-to-harvard-university-bomb-hoax-suspect/

https://www.reddit.com/r/darknet/comments/ksj5b9/why_monero_and_not_piratezcash/


TL;DR: until the darknet community starts taking Zcash seriously you can safely disregard it.

>>29703661
Monero is better in almost any aspect

>>29713088
what? I'm assuming you don't know what arxiv is, just search for the paper On the linkability of Zcash transactions however you feel like. Lmao, sorry I didn't realize there are people that don't know what arxiv is.

>>29713088
BadCACA

>>29713512
sorry I thought you were answering my question to why zcash is better than monero with a 10 pager about zcash. My bad

>>29713781
>BadCACA
it looks fabricated to me

>>29713505
Sorry monero isnt anything special. When halo arrives this summer it will be irrelevant.

>>29713873
Theres no arguing with a bagholder. Xmr is just fluffyponys pump and dump.

>>29709673
Yes

>>29705369
Watching Gary Gensler's (soon to be head of SEC) MIT Open Course on crypto, and his TA from the 2017 Fall semester is literally one of the founders. New to crypto but that can't be a bad sign. All that other shit you mention seems bullish too

>>29713873
>it looks fabricated to me

Its is, its run by a legit mental patient, he used to be a Monero dev and got super butthurt over his proposals not being approved so he went on the warpath, he was actually behind that attack late last year.

>>29711002
Lmao. This fud again. Bullish.

whats the zec suicide stack lads?

>>29714153
Nah mate. All the mental patients are XMR devs here is one that claimed he worked on the space shuttle. So nobody takes your psycho cult seriously.
https://cryptogazette.com/monero-developer-caught-out-faking-cv-impersonating-his-brothers-career/

>>29709673
It’s 1000% backdoored but that’s the reason it will moon, it’s a glow in the dark coin. Everyone on darknet knows it’s all backdoored, they’re all about anonymity, they wouldn’t touch zec with a ten ft pole even if it wasn’t admittedly backdoored by zooko himself? Why? All the founders/developer/backers are all glows

>>29714875
Its open source you retard! Show me the backdoor in the code?

>>29715154
If you didn’t even know zec is backdoored, which was admitted by zooko himself on twitter, I don’t even know what to say to you lad, not one of the guys on dn will ever touch zec

>>29715463
Im still waiting for a link on github to the backdoor. Lil' moronero!

>>29705685
>>29713262
>>29714149
samefag.
neck yourself

>>29715463
Guess which blockchain is getting UDAs just in time for this. What a coincidence...
https://www.coindesk.com/boston-fed-blockchain-digital-dollar

>>29713787
yea I kind of was but on the first page:
>when transferring between two t-addrs in Zcash, the transaction is fully linkable.
>Unlike Bitcoin, Zcash uses a second type of address known as shielded addresses (also known as z-addrs)

>round-trip transactions, where the same, or nearly the same number of coins are sent from a transparent address, to a shielded address, and back again to a transparent address. We argue that such behavior exhibits high linkability, especially when they occur nearby temporally. Using this heuristic our analysis matched 31.5% of all coins sent to shielded addresses.
So if people think that xmr would be banned, why wouldn't sending to z-addrs be banned or at least put you on a watchlist of some sort?

>>29714639
Lmao what the fuck? Strongest fud I've seen against XMR in months

>>29713425
>muh darknet community
Yeah no one relevant actually cares about this so called “community”.

>>29714638
21.