/biz/ - Business & Finance

[Anonymous No.4940967]

What's the most untraceable, private coin? Is monero really still the best?

[Anonymous No.4940991]

[Anonymous No.4940993]

go back to /r/moonero and stay there

[Anonymous No.4941011]

its the best if you dont care about scaling

[Anonymous No.4941026]

>>4940967
Stop talking about XMR so much. It doesn't need to moon.

[Anonymous No.4941041]

The correct answer is Zencash

[Anonymous No.4941193]

>>4940993
I'm seriously asking

[Anonymous No.4941524]

>>4941041
why?

[Anonymous No.4941644]

>>4941524
I agree, Zencash is like Zcash(zksnark argo) , however it's also supena proof since it will be organized by a DAO.

[Anonymous No.4941748]

>>4941644
I believe ZenCash also relies on true provable anonymity too, where monero relies on anonymity through obfuscation and obscuration by mixing the plaintext info so much

[Anonymous No.4942149]

>>4941748
No, Monero is proper encrypted on well tested and proven formula's.
Zen uses zk-snark, which is a brand new innovation, superior but also untested compared to XMR's underlying algo's

[Anonymous No.4942167]

>>4940967
Cash

[Anonymous No.4942257]

>>4942149
What you said didn't really say anything, othert than that you're from /r/monero.

Zk-Snark is not untested.

[Anonymous No.4942722]

Dash is a scam lol https://www.youtube.com/watch?v=xBxbiH_Mg44

[Anonymous No.4943255]

>>4941748
Which is better against le?

[Anonymous No.4943262]

mimblewimble

[Anonymous No.4943353]

>>4940967
I picked up a bunch of Verge b/c of the price. Wraith protocol could be released as a christmas surprise

[Anonymous No.4943397]

>>4940967
The downside to Monero (sorry bros) is more of a future concern, similar to the idea of needing a quantum-proof cryptocurrency. When computing power is strong enough, it will make Monero transactions traceable. ALL PAST, PRESENT, AND FUTURE transactions would no longer be private. The advantage of zCash over that one aspect of Monero is that the zero-knowledge privacy leaves zero record of the transaction, so if computing power exceeds zCash encryption, changes will need to be made but at least all past transactions are not available to search through.

They both have pros and cons, but Monero is not as flawless as everyone claims.

[Anonymous No.4943440]

>>4942149
>>4942257
Yes, it reads like someone who grabbed bullet points from r/monero but doesn’t actually know what they mean

[Anonymous No.4943455]

>>4940967

Look into Particl (PART) if you're serious. One of my couple long term hold alt coins in a sea of shitcoins.

[Anonymous No.4943870]

>>4940967
Oh, and for what it’s worth - the answer, unironically, is Komodo (KMD) Platform. It’s a zCash fork.
>Komodo is to blockchain what Linux is to operating systems

Komodo, simply is zCash + ETH. It’s the “privacy platform” Obsidian wishes it was. Komodo Platform offers:
>Decentralized Exchange (BarterDEX) implementing atomic swap protocol
>Jumblr protocol offers zK-SNARK anonymity to EVERY COIN ON BARTERDEX (BTC, LTC, VTC, Blocknet, syscoin, etc)
>Decentralized ICO - creates an ‘assetchain,’ a fully independent and native blockchain (not a fucking token)
>dPoW algorithm notorizes assetchain to Komodo, Komodo notorizes onto Bitcoin - this gives Komodo and every assetchain Bitcoin-level security with their hashrate

This is all open source. This is all free. No cost to developer... Ethereum locks ICO company onto blockchain permanently. It costs almost 10k to launch ICO with NEO. These are bottlenecks, choke points.

>the Linux of blockchain
Everything on Komodo Platform is modular, it offers building blocks, choices, the freedoms to choose. Their first ICO will be with a legit, registered Bank in France. This is in attempt to bridge the gap between crypto and fiat. The bank Platform is modular as well. This will allow them to expand at lightning speed...

2018 will be big for Komodo, as the core code of all of these features is complete, pretty GUI in beta testing.

[Anonymous No.4944041]

>>4943870
>this

[Anonymous No.4944084]

>>4943397
Good luck solving probability with your quantum computer

[Anonymous No.4944121]

Zcoin

[Anonymous No.4944234]

>>4943870
and this holy fuck

THIS is going to be insane

[Anonymous No.4944350]

>>4944084
Pay attention bro, it is potentially a problem in the future, like I said. The ONLY reason it IS a problem is because the Monero transactions, however obscured through ring signatures or whatever, are KNOWN on the blockchain.

IF the ability to decrypt on that level were EVER accomplish in the future, at ANY point, be it tomorrow or 2099 AD, the transaction would THEN become traceable.

This does potentially give the Monero team plenty of time to counter it.

[Anonymous No.4944372]

>>4944121
this guy knows

[Anonymous No.4944376]

>>4944121
shhh

[Anonymous No.4944396]

>>4940967
>Decentralized
Can someone explain how ZCash is not decentralized? I think this graph may be incorrect on that, which leads me to believe it might be incorrect about the other things too.

[Anonymous No.4944452]

>>4944350
Why does this matter? They can just scale up the parameters of the crypto periodically and people transfer their funds to new wallets. It's not like breaking the crypto will reveal real names. Wallets are anonymous in that sense even for bitcoin. The only problem is that you can be blacklisted, which can't happen with monero if they keep the crypto up to date.

[Anonymous No.4944458]

>>4944234
Yes, you found it anon, possibly the best feature on BarterDEX. Nowhere else can this be accomplished (yet).

I also think JUMBLR giving zK-SNARK anonymity to EVERY coin on the DEX is an exclusive (and badass) feature.

[Anonymous No.4944567]

>>4944452
>people transfer their funds to new wallets. It's not like breaking the crypto will reveal real names. Wallets are anonymous in that sense even for bitcoin
No. Sorry

Unless you mine your Monero or Bitcoin, your transactions are known. You trade your coins through a centralized exchange, yes? These aren't even YOUR wallets or YOUR privkeys (they are the exchanges). The exchanges likely have SOME of your personal information, at least, unless you are extra sneaky.

[Anonymous No.4944598]

>>4944567
>unless you are extra sneaky
Yeah, no shit. If you're gonna make illegal transactions of course you're gonna be extra sneaky, and if not then why even care to begin with?

[Anonymous No.4944715]

>>4944567
What about decentralized exchanges? Like how do shady people cash out?

[Anonymous No.4944757]

>>4943397
its the supercomputes on every city meme again

[Anonymous No.4944852]

>>4943440
Zk-snarks are new, probably tested. But new methods may show up to prove a flaw to said method. Not fudding here or anything just pointing it out. Also zk-snarks have a trusted setup. And you can't verify the total supply. All a bunch of issues.

[Anonymous No.4944999]

>>4944715
They stand in a dark corner in a shady part of town and when someone passes by they go ssshhh, hey, shhh, yes you, faggot, listen ... do you wanna buy some bitcoin?

[Anonymous No.4945394]

>>4943870
thanks for the info man, I will look into this coin

>>4944567
With Monero's forced updates every 6 months, couldn't there be some way to fix future privacy issues?

[Anonymous No.4945780]

Byteball Blackbytes, no info about the transaction is recorded globally except a hash + has TOR integration

https://byteroll.com/blackbytes

[Anonymous No.4945834]

>>4940991
Seen this before, what am I looking at? In term of monero, an unknown amount has been seized and?

[Anonymous No.4945871]

>>4945834
Authorities weren't even able to determine how much Monero he was holding, let alone seize it.

[Anonymous No.4946075]

>>4945871
Thank you, now excuse me while I go and but some more

[Anonymous No.4946076]

>>4940967
Nice try. Here's the original.