Will privacy coins make a comback?

[Anonymous No.57416120]

ZEC XMR DASH PIRATE ZEN RAIL

[Anonymous No.57416356]

XMR is the only valid one, forget about the rest

[Anonymous No.57416387]

>>57416356
>dev fund stolen

[Anonymous No.57416398]

>>57416120
not those. you need scrt zeph and ator

[Anonymous No.57416463]

>>57416387
So? Is monero claiming to be un-stealable? Or are devs bad devs if they are bad at handling funds?

>>57416356
Opinion on this who seems to favor zcash? https://peakd.com/@anonymint/is-monero-s-or-all-anonymity-broken

[Anonymous No.57416480]

>>57416463
this anon makes a lot of sense and has a big brain i think i would listen to them if i were you

[Anonymous No.57416485]

>>57416463
so the dev exits and steals the fund and you will trust the code?

[Anonymous No.57416492]

>>57416463
this anon makes a lot of sense and has a big brain i think i would listen to them if i were you

[Anonymous No.57416497]

>>57416120
XMR will survive the purge. since its the winner in the space. bridges and liquidity ways are going to monero even if its delisted on all CEX. the other ones will just die when they get delisted.

[Anonymous No.57416506]

>>57416463
this anon makes a lot of sense and has a big brain i think i would listen to them if i were you

[Anonymous No.57416508]

>>57416485
t>>57416485
the theif has returned the funds by the way.

[Anonymous No.57416518]

>>57416497
XMR chain is non transparent, you cannot audit the supply, inflation exploit is possible

[Anonymous No.57416520]

>>57416463
this anon makes a lot of sense and has a big brain i think i would listen to them if i were you

[Anonymous No.57416537]

>>57416518
k.

[Anonymous No.57416539]

>>57416508
really, how can you know?
we have 100 missing, 100 returned
but are those the same coins? or it is just someone defending his positions

[Anonymous No.57416581]

>>57416518
>I don't understand cryptography or validation hashes
Yeah, anon, we know
>>57416356
/thread

[Anonymous No.57416598]

>>57416581
no you don't understand them
monero supply is not auditable at all
this is a problem

[Anonymous No.57416618]

>>57416485
Yes, why not? Correct me if I'm wrong: it's open source, it's not a single dev, and the code is not the dev, untrustworthy people CAN write trustworthy things. If the dev's intention was to steal funds by making the code untrustworthy, why steal the dev fund and not the funds of random people everywhere? Why make it visible by stealing the most well known fund? And why not steal the other even bigger fund that covered the dev fund loss?

>>57416508
They did? So who was it and how and why did they steal them?

[Anonymous No.57416631]

>>57416618
it shows you, that it's shitshow

[Anonymous No.57416797]

>>57416463
Hi Shelby. I disagree with your views on Monero's anonymity.

[Anonymous No.57417762]

Zcash is better in a lot of ways. Not sure if it’s gonna moon or not, but I’m thinking about grabbing a bag of it.

[Anonymous No.57417794]

>>57416631
Why does it show you that? Which part is the shitshow and why are you limiting it to that part? All crypto? Monero? Just the main implementation? Just that dev? And why does that mean that you cannot trust the code?

>>57416797
I don't know who Shelby is. You also don't know my views on Monero's anonymity because I'm not even sure myself what I think yet. If you can argue against the points in that link, I'm interested.

[Anonymous No.57418108]

>>57416463
Regarding the article, Zcash uses a trustless set up now.

[Anonymous No.57418131]

>>57418108
overall i feel confident in their methods and approaches

[Anonymous No.57418137]

>>57418108
That affects all txs after the trustless system was setup, right?

So... any arguments against it? Why is it not more well known? Especially in comparison to Monero.

[Anonymous No.57418165]

>>57416539
it was like 2500 xmr stolen and the exact same amount was deposted back into the dev fund a few weeks later. of course you can't really know if it was the thief returning... but they are returned, so that's good.

[Anonymous No.57418220]

>>57416120
don't call zcash a privacy coin you faggot. it's a company owned scam with a backdoor, no one uses this shitcoin, retard

[Anonymous No.57418429]

>>57418131
Yeah it’s better tech for sure

>>57418137
The trusted setup if exploited would’ve allowed inflation if the supply. In order to exploit it, all participants in the ceremony would’ve had to be in on it too. If a single participant was honest, it’s impossible to exploit. Now that it’s trustless, it’s impossible to inflate the supply going forward. In an effort to confirm the exploit didn’t occur, they did what’s called a turnstile and moved funds from one shielded pool to another, effectively auditing the supply.

The arguments against are all non-technical and social in nature:
>dev tax
>founded by a for profit company (now non-profit)
and some other stuff like that. Personally I just care about the tech above all and it’s the best privacy tech on the market. I like that it has optional transparency as well (and this enables easier auditing of supply).

[Anonymous No.57418440]

Worth noting too that the community voted to continue funding the devs in this manner. Every four years it’s voted on and updated.

[Anonymous No.57418522]

>>57418429
Thanks for the explanation anon.

The dev tax thing completely ruins it for me unfortunately. I understand it, and people who like it should go for it, but for me it's a big no-no, just like premined currencies.

Now if Monero's anonymity was proven to be busted, and zcash was the only one left standing, I'd probably stop caring that much and go for it.

[Anonymous No.57418527]

>>57418440
How do they vote? By mining power?

[Anonymous No.57418818]

>>57418527
On the Zcash community forums. I agree it sucks due to the social impact but at the same time they’re delivering novel advancements like trustless ZKPs.

[Anonymous No.57418855]

I don’t hold any Zcash btw due to the social aspects of it so I totally understand the dev tax ruining it for you. On a technical level it’s the perfect crypto though imo. Coins mined straight into shielded pool, basically a two-in-one with a built in DEX between a BTC-like coin (transparent ledger) and a transparent one. 21mil hard supply cap, POW, etc etc.

[Anonymous No.57418887]

Also the encrypted memos are a cool feature.
https://electriccoin.co/blog/encrypted-memo-field/

If they would’ve ran this coin like BTC with an anonymous founder and no dev tax with trustless setup from the start it’d be GOAT

[Anonymous No.57418929]

>>57418887
>it’d be GOAT
It sounds so anon. How come it hasn't been forked to one without dev tax?

[Anonymous No.57418983]

for me it's ycash, all the others have already had a bullrun.

ycash is just a PoW fork of zcash but it has a low marketcap and an utterly autistic community on reddit and twitter that shill it so I'm in.

68% of supply is circulating so the squeeze for ycash is probably coming. Then again I only have 20-30 ycash so it's not like an investment I'm big into at all.

I held XMR for far too long as a moon fag, literally bled money before selling it for LINK/ROSE and making all the losses over 2 years back in a month. XMR is great, just not for moonfags.

[Anonymous No.57418992]

>>57418983
stats

[Anonymous No.57419030]

>>57416618
The person who stole the dev fund was a former dev who still had access to the dev fund wallets. There's absolutely no evidence that they used some kind of protocol-level backdoor to do it.

[Anonymous No.57419052]

>>57419030
have you seen the community for ycash they are totally retarded i mean you should check it out on twitter and red pill these normies

[Anonymous No.57419109]

>>57419030
How come they returned the money?

Was their real identity known?

[Anonymous No.57419216]

>>57418929
It has, see zClassic, Horizen (previously zenCash) and the recent Ycash. Zcash will outpace them in development though imo, it’s probably one of the more complicated codebases in crypto.

[Anonymous No.57419315]

I also really like the logo and branding for Zcash. It’s a good name, good logo. Personally, I can set aside the social aspects for the GOAT tech. Hoping to buy in under $18. I’d be suprised if it never saw $100 again

[Anonymous No.57419406]

DIdn't the Zcash guy literally say he would be willing to add backdoors to help make Zcash more "safe" for the government?

[Anonymous No.57419463]

Zioncash is an Israeli project and probably linked to Mossad.

Monero is legit but bleeds sats over time. It's the best way to pay on DNMs but you don't need to store your wealth in it.

The others you mention are irrelevant.

BTC privacy improves all the time and will eventually make all privacy coins obsolete.

[Anonymous No.57419479]

>>57419463
the op is probably referring to the conspiracy theory that israel has been influencing the development of zcash monero is indeed a credible cryptocurrency but it does experience significant declines in value over time which makes it unsuitable for long-term investments bitcoin is superior in terms of privacy features and it has a promising future in terms of advancements in technology the other privacy coins mentioned are unlikely to compete with bitcoin's growing dominance

[Anonymous No.57419493]

>>57419406
Found it: https://web.archive.org/web/20130417030326/https://www.newscientist.com/blogs/onepercent/2013/03/bitcoin-zerocoin.html

>Green says that he and his fellow researchers are not interested in facilitating criminal activity with Zerocoin. "Zerocoin would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. A back door."

Wow, what a shithead. Unless he was saying so just to appear LE-friendly.

[Anonymous No.57419502]

Monero is the schelling point for the privacy coin niche. All the other ones are going to zero.

[Anonymous No.57419539]

>>57416598
I literally can do it with a script, all block rewards are public and maths prove than inputs=outputs

[Anonymous No.57419547]

>>57419463
>bleeds sats over time
wdym?

>BTC privacy improves all the time and will eventually make all privacy coins obsolete.

I've never, ever, heard anyone even suggesting BTC when privacy is needed. All the news I hear about BTC privacy are backwards steps. High fees made mixing too expensive for example.

[Anonymous No.57419564]

>>57419539
and i totally agree that monero is the schelling point for privacy coins it's been around for a long time and has proven itself to be reliable but yeah like you said it's not really designed for long-term investment i think it's great for privacy but i prefer bitcoin in general

[Anonymous No.57419585]

>>57419493
Debunked a million times already.

[Anonymous No.57419603]

>>57419463
Zcash, objectively speaking, has the best privacy in the space. And BTC will never have the same fungibility, even if it somehow achieves equal privacy.

[Anonymous No.57419692]

>>57419585
How?

[Anonymous No.57419713]

>>57419692
See Mathew Green’s response to the criticisms right here:
https://news.ycombinator.com/item?id=15369670

[Anonymous No.57419743]

>>57419713
>there is no backdoor, but we're potentially open to the idea
...

[Anonymous No.57419789]

>>57419743
Not what was said at all.. the point being made was that you can add traceability to an anonymous system, but you can’t add anonymity to a traceable one.

[Anonymous No.57419873]

>>57419564
it's literally technically designed for long term stability, security and resilience. Imagine it not being a long term thing.

[Anonymous No.57419883]

>>57419603
objectively speaking, you are talking out of your ass

[Anonymous No.57420014]

>>57419883
No, I’m not. Monero devs even agree with me here.

[Anonymous No.57420038]

>>57420014
it's true that monero devs understand the importance of privacy however they haven't been able to deliver a perfect protocol and even though i don't think their intentions are malicious the community always finds a way to attack them so to be honest i'm not really sure where i stand i think we could find a middle ground if we just tried hard enough plus i have a huge coc*

[Anonymous No.57420795]

>>57416387
Devs didn't handle the funds in a safe way. The 'thief' returned the funds with an additional 21 XMR. Was likely done to prove a point.
>>57416518
It's audited every time you sync a node. If you don't trust mathematics, go back to your government fiat.