/biz/ - Business & Finance

>>12100173
please don't misinterpret this as an endorsement for ztrash either.
here's a quick redpill on why z-cash is trash:
lead developer tweets this garbage, basically confirming they aren't trying to actually achieve true privacy/fungibility: https://mobile.twitter.com/zooko/status/863202798883577856?lang=en
next, you have to look into the origin of Z-cash. Now let me say, there isn't anything wrong with the zk-snark protocol, _if_ you can implement it from the ground up, standalone and trustless. Zcash has a trusted setup, where there are a set of "inception keys" that have the ability to essentially do whatever the fuck they want (i.e. print more zcash). the developers totally "deleted" those keys, i'm sure. "but anon, you can just audit the circulating supply like other coins?" -- nope. not only do we have a trusted set up which can be abused, we'd only know by the time it's too late. there is zero way to audit the circulating supply of z-cash unlike monero.
lastly, z-cash has optional privacy. do you know what the implications are from a privacy standpoint? basically, they allow users to optionally weaken their anonymity set by having "public send" or whatever the fuck it's called. christ this market is retarded.
Monero is actual digital cash, that works today, that is trustless, decentralized, funded altruistically by the community, like christ if you're not all in on this until tail-emission (2020-2021) then honestly you deserve to be poor.
>inb4 butthurt z-cash plebs, fact-check anything I just said

>>11951360
>bagholders of an unknown amount of XMR.

>>11676185
>they both have entirely transparent non-fungible chains
haha, good luck indeed!

>>11561584
OBLIGATORY "your coin will never do this"

>>11492450
>ASIC mined
>dev fee
>optional privacy

Thread can be closed now.

>>11486654
We're speaking about legit privacy coins, pajeet. GTFO, brainlet.

>zcash
>privacy coin
LMAO
Nice bait, OP... nice one.

>>11044926
>zcash
>anonymous
kek

>>11007745
Zcash is much better.

>>10907669
You're right, I'm not.

>>10892666
get the fuck out of here illuminati wanna-be privacy bitchass, text/pic related: https://twitter.com/zooko/status/863202798883577856?lang=en

>his coin still isn't fungible

>ZEC
KEK

>>10832125
Yes, it surely destroyed.
kek

>>10825296
kek

>>10819600
yes sur, very guud sur, buy Z-cash from the winklevoss sur very gud

>>10811096
>people still argue over non-fungible money
wew lad

>>10758696
>ZCash
LMAO

>>10717305
i love watching two retards fight
IDEAL CURRENCY IS FUNGIBLE
enjoy the tainted coins that will only compound over time lol

>>10663555
based kek agrees - hoard BTC/ETH/XMR or stay poor

>>10573985
>that's retarded. you can't show me a btc that is worth a different value than an other. in theory coins can be tainted but practically nobody would give a fuck.
lol, did you even try?
here's some very recent news for you, and a friendly reminder that if you're not in XMR, you WILL stay poor: https://www.theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold
relevant excerpt:
Melendez declined to give specifics on how the department had linked client wallets to drug transactions, saying simply, “there are tools and technologies that law enforcement uses to conduct blockchain analysis.” (Public records show that HSI’s parent agency spent more than $58,000 on Chainalysis tools in the months leading up to the investigation.)

Still, Melendez emphasized that the open nature of the blockchain made it difficult to hide drug money. “The biggest selling point for the blockchain is that it’s transparent. Everybody can see it. And we can see it, too.”
have fun with the taint, you're probably well acquainted with taints already.

>>10544071

>>10383562
Ahem...
>your coin will never do this
enjoy your tainted goods long-term

>>10371910
cute fud graphic. cli wallet doesn't look that bad (nice ps?) and we already have a gui wallet and mobile wallets
>pic related, your coin of choice will never do this