Topic: anonymous privacy coin satoshi nakamoto (Read 140 times)

Do not forget the trusted setup. With ZCash you trust few people that was part of trusted setup about their security. They could have infinity coins stored somewhere.  the point of cryptocurrency is to remove third party. You dont have to trust anyone. That is how Bitcoin and Monero works.


You dotn need to trust anyone with Monero. All code is opensource fro everyone to read and check. Monero today is very different from Bytecoin. Developers developed it differently and all code they wrote was revived and those revives were paid by random people donations.

There are several opensource mobile Monero wallets. Cake, Monerujo, MyMonero are 3 of them.  

Not sure what you mean with 3rd party services? The exchange in cake wallet?  You dont need to use Cake wallet or if you use it dont need to use exchanges.

Monero have today 17,882,527 XMR  
The year will have this much:
2022 18.22m = 0.87%
2025 18.5m = 0.85%
2030 19.3m = 0.82%
2040 20.9m = 0.75%
2050 22.5m = 0.7%
2070 25.7m = 0.61%
2100 38.3m = 0.41%
2150 46.2m = 0.34%
2200 54.1m = 0.29%

This is finite number not infinite.  Bitcoin today have 18,681,612 BTC  So more then Monero. In year 2040 Bitcon will have 20.9 million coins. Totally same as Monero. Not infinity. But 20.9 million.   In next 7 years monetary emission will be lower in Monero then in Bitcoin. And lower then is average Gold mining emission of last 50 years.  The point of tail emission is to secure network. It make Monero transaction fees be 0.2 cent. And there is no plan they will be higher.


I had no ideas Grin fees are high. They should not be. How big are fees?

Protocol need to fork to be upgraded. Grin is work in project just like was Monero in last 7 years. They need to build a lot still.


How do you like Wownero and AEON?


PS: It is funny that you are bothered with Monero emission that is lowest by all coins you mentioned. Grin, since is very new coin, have high yearly monetary emission of 50% now ( so one year from now number of GRIN in existence will be half more as it is right now).  ZCash exist 5 years and its yearly monetary emission is 11.37%. Monero yearly monetary emission is 1.24%  and is lower then of Bitcoin at 1.76%.

Anonymous privacy coins have its pros and cons and nobody knows who is Satoshi Nakamoto so he may created another project which was failed or he never wanted to create anything other than bitcoin. There are some light eight privacy coin like Grin is available which can be better than Zcash but people are not having interest over privacy all they want is decentralization and volatility.

No not heard of it

have you ever heard about Tangram? one of the most expected anonymous privacy coins in 2021. Well, they've been in the crypto sphere since 2018, now they're on testnet 2 closed beta phase. The progress might be slow but they're staying for long and still rocking to reach mainnet phase. The team and developers aren't anonymous, the code is open source. Tangram is not a fork, it has been coded from the ground, aims to be the first fully private, fast, and feeless coin. Smart contracts and other additions will also come later.

I can't really remember all the history behind the github repo, but it doesn't even matter all that much... It's open source code, you're free to write your own client based on the reference client, or you can fork electrum and create a new wallet using electrum's codebase. Who gave who permission isn't really important.

What i did want to correct: blocksize has nothing to do with the 21M supply... We could theoretically have 1Tb blocks and still only have ~21.000.000 BTC in circulation in a couple hundred years.

okay i understand about forking a little bit now thanks, but how did they even get permission to upgrade the code, how do they have access to the code edit, did satoshi trust someone to look after bitcoin? Its a good thing that btc has a 1mb blocksize which keeps it original and the 21000000 cap

Sometimes a fork means a better implementation. Monero vs Bytecoin is one example of that. Bytecoin had shady mining and some bugs that allowed as far as I know for some supply to be created out of thin air.

A lot of coins forked off from Bitcoin yet failed aggressively, although Bitcoin didn't. Does it make these coins automatically good and all? No, it does not. Also, where do you see third parties in their wallet..? Are you talking about Cake Wallet's swapping service? Cake isn't the official Monero wallet.

Also, after ~18.1M coins are mined, there will be something called "tail emission" which will release only 0.6XMR per block.. since this amount will be fixed at 0.6XMR, with every block the inflation will decrease. It's not really unlimited. If you don't understand something, read about it and inform yourself. Trying to rant about a coin you have no idea about makes you seem like you have no idea what you're talking about..

I guess you'll have to wait for a long, long time... IIRC, he dissapeared about 10 years ago and nobody has heared from him ever since... I doubt he'll see your message and think "hey, this guy is right... I'll just re-appear after 10 years to make a new currency".

As for your theory that changes or forks mean a failed coin: i can't say i agree... Changes are made to fix bugs, to add new features, to adapt to changing conditions, to increase troughput, to decrease load... Fixing something (even if it means forking) is not equal to failing. The reference clients contains tens of thousands of lines of code, it's allmost impossible to write such a piece of software without any bugs while anticipating everything that could happen in the future and already including those features in your software. Patches and changes are a natural part of a development cycle... I doubt you'll find a single piece of big, popular software that has been around for a long time but never received a patch.

My wife is driving a Toyota Yaris that i bought about ~8 ish years ago... If i compare my car to the new Yaris, i can see the new model has a lot of new features... Some of them are safety related, some comfort related, some environment related... This does not mean my old Yaris was a failure: at the time i bought said car, it was an "average" car with "average" state-of-the-art features. Just because somebody found new safety features, or people's taste changed so they had to adapt the looks of the car, or the environmental rules changed didn't make my old car "bad"....

yes bitcoin is a true genius idea but the next step is to annonymize the blockchain. Im waiting for satoshi to create a new anonymous blockchain from scratch if he or she is up for it

You have said it all what most crypto users are looking for is anonymous which any coin not offering this Is a red flag to users except few others, who will want to risk it.
Take Bitcoin for example it developer is unknown this is the first sign of a strong Anonymous coin no matter the amount forks and network fees/tax.

my somewhat favourite privacy coins are,

zcash, but the privacy is optional. and has founders tax, fees are low but it's been modified to 0.00001000zec which seems like weird to me. the creator of the whitepaper is not anonymous i think, the developers are not anonymous, good mobile wallet but could do alot better, i like the decentralized look, no third party service in wallet, i like the original 21000000 total capped supply, i think encrypting the blockchain to preserve privacy is a great idea

monero, is or was a fork of bytecoin which i don't like it's history, i like the dynamic blocksize and fees which makes a lot of sense and is a good feature, some developers aren't anonymous and the creator of the whitepaper is anonymous i think, can't seem to trust monero because of it's history linked with bytecoin, bytecoin was a good coin but later they failed and forked into monero. no decent decentralized wallets on mobile wallet, has third party service in wallet which i hate, i don't like the unlimited uncapped total supply which i don't understand, unless it has mathematical design then it's okay

grin, i like the design, but something bugs me about it, fees are high but it's fine, they did something totally opposite that i like which they reduced the blocksize, but i also prefer dynamic blocksize and fees, i won't be able to get offline payment as the wallet must remain online to receive transactions which i dislike, creator of the whitepaper is anonymous, not sure if the developers are anonymous though, mobile wallet is decent, uncapped total supply

i don't understand why coins need to fork all the time to upgrade the blockchain, it makes no sense to keep altering the failed code. if a coin is forked does that mean it's a failed project, i think they have failed because the original author did not agree for the fork to happen in her/his absence

i want anonymous satoshi nakamoto to create a new technology. a solid privacy coin, and an unaltered blockchain or no upgrades, i want to invest in something genuine

i hope satoshi becomes more active in this forum