/biz/ - Business & Finance

So where does that leave us? Obviously we can expect privacy coins to take off. For one, if increased taxes are applied for anyone holding assets (a sort of rolling capital gains tax) then obviously people will be expected to try and hide their assets. As they do, they will go off-chain into smaller and smaller chains like Monero. However there-in lies the issue. Monero will be not be cracked but as a result of it's small chain, it can be 51% attacked or more likely, have it's nodes regulated. That means, you will need, guaranteed privacy on chain. You will for a fact, need a way to stay on a large enough chain that cannot be 51% attacked, that the SEC has passed up on it's list of companies/tokens to sue and that is overlooked and cannot be regulated. That only leaves Ethereum as a privacy token cannot be built off of BTC's chain. So you need a private asset on Ethereum.

That's where BUCC comes in. It is the ONLY private asset on Ethereum. It hides information from etherscan assets, it has the ability to hide a complete trail through a special transaction that is as easy to use as a standard transaction and it can be built and scaled on Ethereum and only Ethereum.

Meanwhile there's all these other chains and projects that are trying to do swaps, off-chain bullshit and run servers like Tornado Cash, which can be SWATTed and regulated. An entirely on-chain asset that can destroy trails, hide addresses and can scale with future projects is the winnner and that leaves on BUCC as the sole privacy coin winner.

That was a nice read, I admit. But why should I switch and sell my |unknown amount] monero stack for bucc?

>>26037022
I don't buy why BTC being non-private means the only option is ETH chain. What about XMR, ZEC, KMD, DASH, AAAR, I could go on but I won't

>eth gas fees
kys

That means, if regulations come, if hyper-taxes come from an administration desperate to raise funds and quell panic and to reel in extremist crypto elements, people must flee out of the country but they need a way to hide and manage those assets privately and destroy trails of where goes what. And they need to do it safely in such a way that doesn't require other off-chain bullshit where nodes can be backdoored like SCRT with their intel chips (intentionally done) or horseshit like OWL which doesn't work. Monero is great but it will be the first thing to go and BUCC, can and only will only be on DEXs, which you cannot take down or delist. That's why you need BUCC, for the STHF situations with crypto.

Even the Tether situation right now, whether it passes up or not, it is going to be viewed as a close call. Let me make this as clear as possible. YOU WILL NOT BE ALLOWED TO WIN. If BTC goes to 100k, they are going to do everything in their power to do one of two things; Overtax you to death or confiscate it and if neither one of those options work, they will simply regulate you out of the market. Already we have seen so many attempts by banks to make their own chains and own tokens and they have failed miserably due to a lack of public interest. This is just a sign of things to come. If they could, they would have already replaced BTC and Ethereum.

But then you ask, why not a tumbler or mixer on BTC? For one, BTC txs are open as hell and again require you to swap assets to BTC. Further, mixers are coming under heavy regulation.

https://www.fincen.gov/news/news-releases/first-bitcoin-mixer-penalized-fincen-violating-anti-money-laundering-laws

A lot of scammers like this as the go to, but the only reason why they're popular is because of liquidity. Going off-chain and swapping into assets of another choice is going to be regulated as well, that'll be the first step for any smart regulator. You can do it for now but eventually, slowly you're going to be boxxed in.

Okay, so that leaves Tornado Cash right? An on-chain Ethereum method for utilizing privacy. Surely, even with the high fees it can work? Wrong. Tornado Cash utilizes a personal server to generate these receipts, they are not made on chain. Which means there-in lies the vulnerability, an off-chain server, a single one that can be targeted and regulated. The only reason it hasn't been yet, is that it cannot be bothered with... yet.

Think about it. If we follow the logarithmic chart of BTC then surely that means BTC will hit several hundred thousand... and then several million. But what does that actually mean? I did not think BTC would cross 20k, but the reason why it did was because of the political instability within the states. On the 6th, a precedent was set that hasn't happened for almost 200 years, the capital was stormed. Bi-partisanship has seen the highest levels since the pre-civil war era of the 1860s.

So, if a civil war does erupt or DNC tyranny begins, then BTC will surely hit 100k. So, in the next bull run, what must happen for it to hit several thousand? Well, it must be THE defacto standard of reserve, replacing gold. That will only happen when things get worse, which they surely will. Then what must happen for it to hit several million? Either hyperinflation but more likely, it must become the standard for international trade. International trade... repeat that. International trade... between China, Russia, Brazil, the US and the EU. You really fucking think they're going to let your greasy NEET fingers hang onto BTC when they need every fucking token to conduct international trade due to hyperinflation and fiat becoming intrinsically worthless?

No, they are going to take your fucking assets either through a piece of paper or gunpoint. And nothing you can do, will stop it. Some of the smart ones are already heading off-shore literally and figurately, you need to start thinking of privacy, of security and of VPNs...

why not just shoot back when they come to put you in jail for owning property you paid for in full?

Again, your privacy MUST BE ON CHAIN. AND IT MUST BE ON A BIG ENOUGH CHAIN, THEY CANNOT FUCK WITH.

Shit like Monero does not work, too small of a chain. Once it becomes a real harbor for wealth (Monero will at least do a x100), then yeah they're fucking coming for Monero and going to make some excuse... "muh childens or cp or gun runners, etc, etc, etc." Mark my fucking words.

Okay, what about ZK-rollups and aztek? Seriously? Dawg... put the blunt down. That's just a way shitter Monero clone.

Put it this way, nearly every privacy token is some sort of giant tumbler... and requires going off chain. SCRT? Dawg... that shit has a built-in backdoor for their nodes through their chips. At least Monero fucking TRIES for privacy.

I agree. Every fucking privacy project is a fucking stinking clone of Monero and Monero is the SHIT. It breaks traces. But... it's going to pressured into non-existence. They don't even have to send letters to get exchanges to sweat, look at bittrex.

https://www.coindesk.com/bittrex-disclose-delist-privacy-coins-dash-zcash-monero

The SEC never went to them. But they are fucking SILENT about why they delisted.

This isn't shit I'm fucking making up, you can all see the writing on the wall.

Lagarde?

https://www.reuters.com/article/us-crypto-currency-ecb/ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSKBN29I1B1

“(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,” Lagarde said in an interview at the Reuters Next conference.

They are going to claim BTC is used for monery laundering, which it's not. It's totally open and on-chain, but it's not private. They'll STILL fucking use that lame ass money laundering excuse. They are going to put pressure whether you like it or not, so you might as well use something that could be used for those purposes.

Scam token that tries to scam every few months, move along.

>>26037115
Because Monero will get delisted on anything and everything that will allow it to be transacted. It'll end up a dead shit-coin floating the water. And Wrapped-Monero is going to be an open token that will throw red flags at any account utilizing it. BUCC does not show up on Etherscan or common tools and requries a node to verify txs, when you use the API, it jumbles inputs so you cannot figure out where the fuck is going where. And, most importantly, it's easy as fuck to scale, it's a smart contract and can have many contracts built off of it. Look at how it works with Uniswap automatically. Anything Ethereum supports, BUCC can be utilized and work with, automatically. It's privacy on Ethereum, combine the two. The scability and security of Ethereum with the privacy aspect.

>>26037169
Retarded question but I'll entertain it.

AAAR, is a fucking tiny chain, easy as fuck to 51% attack it. Just a shitty monero clone.

DASH, straight up said it's not a privacy coin, the fucking TEAM said that.

https://cointelegraph.com/news/dash-should-not-be-considered-a-privacy-coin-dash-team-says

Zcash or ZEC is fucking trash my man. It's not only not private,

https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash-transactions-traceable-says-chainalysis/#:~:text=%E2%80%9CDash%20and%20Zcash%20allow%20users,U.S.%2Dbased%20crypto%20analysis%20company.&text=It%20says%20calling%20the%20cryptocurrency,privacy%20coin%20is%20a%20misnomer.%E2%80%9D

It's also delisted or going to be like everything else.

https://www.nasdaq.com/articles/bittrex-to-delist-privacy-coins-monero-dash-and-zcash-2021-01-01#:~:text=Bittrex%20announced%20Friday%20it%20will,be%20removed%20on%20Friday%2C%20Jan.

https://www.coindesk.com/shapeshift-delists-privacy-coin-zcash-over-regulatory-concerns

Idk even know wtf KMD is. And XMR is great but it's going to be either; delisted or regulated.

>>26037215
If you're on Ethereum or using Ethereum, this just a part of the price to play.

>>26037625
Because you will die.

>>26038134
Every few months, it's the same accusations by a group of trannies. They are behest that at the dev because he told them off a long time ago. There tends to be this FUD group that is still upset at it. Notice... who follows the bucc twatter account.

https://twitter.com/BuccaneerV2/followers

That's right. The competition. Because they know it works. Not a single tranny has yet to prove BUCC isn't 100% private when using the API.

Ah great the meth addict is back to shill his scam again. Kys

>>26038162
>Don't know what KMD is
Pioneered atomic swaps, came up with DPOW to secure smaller chains against 51% attacks by notarizing to BTC chain. That's why I'll keep KMD with z tx as my private coin. Also the weakness with ZEC and forks isn't inherent, it's because people use it like retards. You take 7153.5 XXX coin in a R address, change it to z, send to z, then it gets unshielded back to R and is still 7153.5 of XXX coin. Can't cure stupid, you have to be smart and understand time attacks and total transaction attacks. But privacy isn't for everyone senpai. It literally isn't, most normies dont care who knows what they buy. They tell Alexa, Jewgle, their CC company, then post about it on Instathot

>>26038462
Meth shit. Same idiots. Every time.

>>26038134
It's a coordinated group.

Like flies to shit. You have to realize these people are never able to prove BUCC doesn't work. They associate the previous dev with the new dev, even though they have no evidence. It's why Biz is going to miss this train, particularly as more privacy aspects are integrated to BUCC. BUCC is private, that's a fact. And it's on Ethereum. And it works. Everything else is just clout. Analyze the situation carefully and how BTC and crypto in general is going to be regulated. These are facts.

OG bucc scam kys bucc you will never be a woman

>>26038601
Oh, and another reason to use KMD is Alice from the team is fucking hot. I want to throatfuck her, but in a loving, caring way, where I stroke her hair and kiss her afterwards

>>26038417
>If you're on Ethereum or using Ethereum, this just a part of the price to play.
yeah part of the price of using an inherently non private platform. kys

>>26038601
Ahh okay, Komodo. Yeah... that involves different swaps. So your plan is to swap amongst a different public chains? Remind me... why does the Kucoin hacker not do that if you're fucking smart? That's right... because every move he did, was watched like a hawk.

https://weijiek.medium.com/deanonymising-the-kucoin-hacker-418fa5e9911d#:~:text=Kucoin%2C%20a%20well%2Dknown%20cryptocurrency%20exchange%2C%20was%20recently%20hacked,some%20of%20the%20stolen%20proceeds.

He used Tornado Cash, which again works but regulation will hit sooner or later.

Also, what you mentioned with Zcash, man, that's a giant tumbler and if only 3% of people are using it as a privacy coin, that's a small tumbler. Instead of a needle in a haystack, it's a needle in a shoebox and if they want to find you, they will. Don't try to fucking outsmart me here with bullshit tech lingo dude, you're way over your head.

Privacy needs to be a simple as sending a transaction, which BUCC is. It just requires a whitelisted account, an account that has been sent BUCC before even through Uniswap. That's it's only weakness which the dev is working on, it doesn't have gasless, fresh eth privacy quite yet. That's it's only weakness right now, not the privacy part. Everything you mentioned is weak as shit privacy, it's giant tumblers and you might as well use BTC mixers or tornado cash while it's up.

You're forgetting something else too. Tumblers require common usage and if you're imply people are too stupid to use tumblers, then it's over for those tumblers.

>>26038655
Here come the trannies.

>>26038665
>... what?

>>26038788
Ethereum is an inherently non private platform, it doesn't mean contracts can't be built which are private, which BUCC is. Totally missing the point. Contracts can be built and scaled for privacy. You switched your argument from gas transactions to Ethereum isn't private, therefore this isn't. Shifting goal posts as usual. If gas fees are high, use a gas token or wait for ETH to unclusterfuck itself. Gas fees are an inherent problem to all of crypto when prices are high and that's not for a privacy token to figure out. Consistently, no one has used the api, https://buccapi.eth and figured any way to surmount it. Over and over.

scam coin, please newer people, don't buy this

>>26039072
>>26038655
>>26038462
>>26038134
One, two, three, four trannies. It's a group for sure. Maybe just one guy. Again, they're never able to refute BUCC isn't private. No one is. And it's on Ethereum. Privacy on Ethereum.

>>26038848
It's not a tumbler. It's managing your own transactions. Don't unshield the whole sum at once, split the whole sum over many different addresses. And it doesn't matter how many people use z addresses because when a tx is unshielded it goes back into the haystack- which consists of both shielded and unshielded. As long as there's a lot of network traffic (like people claiming 5.12% rewards for example) you're golden. You've made you pitch, I don't see that your project offers anything over KMD because critically
>I trust that KMD isn't a scam and I can't say the same for this pop up coin you're shilling
>>26038943
You read correct, anon. Her weird face just does it for me

>>26039228
Okay, let's compare hash rates.

https://bitinfocharts.com/comparison/zcash-hashrate.html

https://etherscan.io/chart/hashrate

That's rate, Ethereum has over x40...

300 / 7.6

That's fucking ROUDNING down, it's closer probably to almost x50 the hashing power. That means if the gov wants to, they will and can 51% attack that piece of shit. You're not understanding my point, anything... and I mean any privacy token that runs on it's own chain is liable to be 51% attacked if it doesn't have the hashing power. It's why BTC is what it's worth and why I keep insisting privacy on ETH is as close as it gets to the real deal.

>And it doesn't matter how many people use z addresses because when a tx is unshielded it goes back into the haystack
>haystack
>haystack
>haystack
>haystack

That's a tumbler my guy, it just uses the entire chain as it's source, which is impressive... certainly... but it requires usage as you just stated. That means that tx history is stored somewhere, it requires usage, it requires nodes and it can be delisted.

https://www.coindesk.com/bittrex-to-delist-privacy-coins-monero-dash-and-zcash#:~:text=Bittrex%20announced%20Friday%20it%20will,%2C%20at%2023%3A00%20UTC.

Again, fucking read dude.

>>26037783
>Again, your privacy MUST BE ON CHAIN. AND IT MUST BE ON A BIG ENOUGH CHAIN, THEY CANNOT FUCK WITH.

Zcash is just a poor man's Monero. And Monero has issues for the said above reasons.

Three simple facts.
1. BUCC is on Ethereum.
2. BUCC api txs are private and it hides info from etherscan and other tools.
3. It can scale with other contracts and lives on the chain forever, it cannot be "destroyed" off of Ethereum. It cannot be delisted because it lives on DEXs. It is immutable in the fullest sense.

I've been digging through warosu with posts mentioning bucc and I came to the conclusion this was a scam. Sorry OP, I'll stick with monero even if the worst were to happen.

you guys gonna swap v1 tokens for v2 or is everyone still pretty much fucked?

>>26039629
>Doesn't know what DPOW is
>Wants to explain to me about 51% attacks
I'm done here, herbs

>>26039228
>>26038601
>>26037169

Do not get me wrong. Zcash is certainly impressive and is great. But that isn't the issue.

The issue is IF, regulation comes, which in this scenario I laid out, it WILL. Then that means, what TYPE of regulation is coming?

1. Capital gains tax increase just for crypto? Perhaps. A rolling capital gains tax on crypto? Certainly, with automatic reporting by all exchanges... very likely to happe.

2. KYC for all wallets interacting with exchanges? Guaranteed to happen according to Brian Armstrong, CEO of Coinbase.

https://twitter.com/brian_armstrong/status/1331744884856741888?lang=en

That means the tax angle is going to be played.

3. Regulation that prevents the buying and selling or limitation of crypto to people, according to Lagarde it may be a possibility but we'll scratch it off.

4. What's the most likely scenario? Look at Paypal and greyscale... they DO NOT WANT you to own Bitcoin or any asset. They want to give you cheap imitations that are BACKED by it. So they will confiscate and give you an IOU.

That requires hiding your actual wealth or value ON-CHAIN. Something they cannot get to. And they cannot regulate Ethereum because it's decentralized and has legitimate purposes. By destroying Etheruem, they'd destroy their own progress, projects, works and eventually the economy as smart contracts are linked to Ethereum. Therefore, something has to LIVE on Ethereum, not it's own chain and it has to be private to act as a locker for wealth. Hence why BUCC is tremendously undervalued.

The pieces are all there, the evidence is all there, you just have to piece it together and look at the timeline and the direction we're going. With Bidens' stimulus, we're about to print the USD to hell and back so BTC is going up and it is going to hit 100k, sooner than later.

>>26039960
Yikes dude. Every time I blow you on any point, you keep retreating and shifting goal posts. Here we go, just to slam you down yet again.

https://tokens-economy.gitbook.io/consensus/chain-based-proof-of-work/delayed-proof-of-work-dpow

Let's take its traight from the paper right?

>The process of inserting backups of Komodo transactions into a secure PoW is “notarization.” Notarization is performed by the elected notary nodes. Roughly every ten minutes, the notary nodes perform a special block hash mined on the Komodo blockchain and take note of the overall Komodo blockchain “height”. The notary nodes process this specific block so that their signatures are cryptographically included within the content of the notarized data. There are sixty-four “notary nodes” elected by a stake-weighted vote, where ownership of KMD represents stake in the election. They are a special type of blockchain miner, having certain features in their underlying code that enable them to maintain an effective and cost-efficient blockchain and they periodically receives the privilege to mine a block on “easy difficulty.”
> Roughly every ten minutes, the notary nodes perform a special block hash mined on the Komodo blockchain and take note of the overall Komodo blockchain “height”.
>the notary nodes perform a special block hash mined
> the notary nodes
>There are sixty-four “notary nodes” elected by a stake-weighted vote
>There are sixty-four “notary nodes”
>“notary nodes”
>“notary nodes”
>“notary nodes”
>“notary nodes”

That's some high elf council shit, the exact same stuff SCRT and lord of the rings is made of. It's fucking fantasy dude. Not truly decentralized in the fullest sense. All they have to do is go after that notary node.

No DPOW isn't actually POW and isn't actually BTC's hash rate. Stop pretending that it is.

This is a scam, everything can be traced in ethereum, but these clowns pretend you can't be traced with their shift bucc token

>>26039802
I have no bearing on that, you can ask them.

>>26039783
idgaf tranny, it's all the tranny gang here to cause comotion. I'm here to clear shit up.

>>26039960
Put it this way.

>If it's on it's own chain, it can be 51% attacked
>If it's using DPOW or any other type of "signature" bullshit, it's few particular nodes can be regulated and have the IP addresses tracked and that dude can be SWATED, best believe

Therefore, it must be ONCHAIN and if can't be on BTC's chain, it has to be on Ethereum's chain, the second biggest chain in terms of hashing power and has legitimate uses so they can't shut it down.

>If it uses ring signature, it can be cracked or have it's nodes taken down
>Zcash doesn't even use ring, it's a giant fucking tumbler
Tumbling is naturally the weakest form of privacy. You'd have to combine Monero's ring which is the BEST form of privacy with history deletion, which CANNOT occur on custom chains.

Contracts are stateless in nature and respond to calls from the EVM, which is how BUCC I assume did it. Manipulating the memory and data and then they plan on other contracts for this shit, obfuscating and memory-holing anything and everything.

Zero node consensus. Zero debate. Someone just releases something to scale the privacy further and it's taken up anther notch. Right on chain.

>>26040222
ok show a traced bucc transaction.

>>26040222
Classic mistake. Everything can be traced on Ethereum because it is a stack. However, BUCC has never been cracked. The reason why? Data can be temporary in a sense. Overriding and overwriting, do you know what those concepts are?

If I scrawl on a chalkboard, "you are a fucking faggot and a liar" and then erase it, what do you get? A blank chalkboard.

You guys just do not understand the impact of an on-chain, private token that can be scaled is.

>>26040310
Wow, thanks.
You are a fucking faggot and a liar.

>>26040655
Now if we were to delete your comment, what would be left? Nothing. Nothing to go off of, just totally baseless like your comment. That is how I assume BUCC works and from what I've gleaned over through interactions with the contract.

Anyway, this is had devolved into baseless name calling from the tranny gang as usual. I'm still super pro-monero, seeing this fag in the thread and realizing what utter-shit zcash is, zcash can go fuck itself. LOL, 3% of txs are private, thanks dude!

And all the other privacy coins can get fucked too. Monero, Tornado Cash and BUCC and for longterm, endgame real SHTF BUCC only. I hope it doesn't come to that level. Tornado cash is still my favorite option until the bucc delivers their gsn gasless new wallet shit, but bucc is 100% the best way to destroy traces. It's the shit on that level.