Whether name dropping Peter Todd is right or wrong, or whether Shadowsend improves on anonymity or not, it doesn't matter, history for the last 3 months has proven everyone will hype it up for a few days, dump it, and move on to the next anon coin named Darkercoin, Shadecoin, Muddlecoin or Dark Sewer coin or whatever. The fact Vertcoin implemented stealth addresses and was snoozed on proves the whole thing is about manipulation behind the scenes because it wasn't "new" or "sexy" enough.
It is a rinse and repeat cycle, most people here do not really want anon because plenty of solutions offered in the past work as intended.
Anyway good job to the dev if he delivers something new tomorrow but I am afraid the work will all be for naught.
It is a rinse and repeat cycle, most people here do not really want anon because plenty of solutions offered in the past work as intended.
Anyway good job to the dev if he delivers something new tomorrow but I am afraid the work will all be for naught.
Did Vertcoin improve upon the existing SA technology or just implement it in it's existing form? Shadowcoin is creating a new protocol by improving upon the existing SA technology and combining it with one of the prime elements in the zerocash scheme - zk-SNARKs(https://eprint.iacr.org/2013/507.pdf). Both implementations creates an entirely new protocol (ShadowSend) and justifies a leading position in the market. AFAIK this is the first implementation of zk-SNARKs outside of the Zerocash project which still hasn't launched..
I'd have to disagree with you on your assessment of the anon crypto market. The only anon system being widely used in commerce is coinjoin and according to Kristov Atlas's research it offers a laughable level of privacy(http://www.coinjoinsudoku.com/). Financial privacy is one of the missing elements in the current financial industry both in crypto and fiat. The cheapest Swiss bank account costs $790,000USD to open.. plus you still won't get a higher level of privacy if you aren't a Swiss national and the same applies to Austrian accounts. If you think anon is a gimmick try selling that argument to the people saving millions a year on their taxes by using offshore Caymans/Swiss/Austrian accounts..
People who get in the ground floor or early levels of investment will go on to trade with the big players when the technology finds it's product/market-fit. The people that cash out early will stay in the lower investment bracket looking for quick pumps and dumps.
I have 2 swiss bank account. Paid 0 to open them
Are you an American Citizen?
