Topic: Best privacy coin? - page 6. (Read 15517 times)

If you guys looking for "BEST PRIVACY COIN" it makes me think about DeepOnion with Tor you can hide your IP. ( Distributed 40 rounds of AIRDROP)
It will be two years of this project and it's stronger every day.
If you are smart, you should be interested. Why idk maybe becouse that work on DeepSend is underway.
So... Soon will take care of your Tx's, making them untraceable.

Worth or no?
I think yes.

There is no advertising for this project. I just know that when people get something for free and it is something that is supported it has an invaluable value.
 In the future, I expect high price hmm x100 increases. Easy

-transparency on the same chain provides worse privacy for private tx through "guesses", especially when 99% of all tx are transparent
-who is more shady from the outside, one who uses tor from time to time or someone who lets everything go through tor? Filtering and tracking is much easier
-tainted coins, fungibility problem not 100% solved with optional privacy

About Mimblewimble

MW coins are linkable
miners see the rawtx, they are not encrypted
just when they are combined you cant undo it
but miners can literally datamine all the raw MW tx - also on the chain different in & outputs are visible

I'm long gone from coins that leave metadata on the chain for chainanalyse

I think that a Grin coin can really be considered the best, without any particular objections, because it has a high degree of anonymity and decentralized quality.  But for their users of cryptocurrency, this coin is still available thanks to the very good Mimblewimble technology, which makes it possible to conduct transactions with a very high degree of security and private .

You obviously did some research about chain analysis. Good. But a point you miss is the difficulty behind such analysis in real life, the amount of effort it requires and the low success rate of such analysis. There is NO coin that has perfect anonymity and privacy. There too many practical considerations that make such a theoretical construct impossible. You claim that forced private transactions are more secure than optional ones. I cannot disagree with that. But a) if transacting parties want true privacy, they can choose to get that, and no chain analysis would be possible b) if you want wider adoption of a coin, you need to take into consideration potential business applications where completely private transactions would not be feasible at all. So why not keep the option to choose? If you want to create a privacy coin just used by geeks, without any possibility for wider adoption you are of course free to select one that does not give you any options.

Grin is very interesting coin because it has similiar history like Bitcoin. No one knows who is the creator, it is not premined, no ICO and it is the first altcoin accepted on this forum as a donation. 

Theoretically and technically you are of course correct. But it would be like shooting in your own foot: you can do it, but why would you hurt yourself. Firstly, at current prices you would need to invest at least 5m to try to aquire over 50% and it would be questionable whether you can even find that many sellers, but let's assume you do. And then what? As soon as it becomes apparent that somebody has over 50% the price would drop to the bottom. And using the 50% to block certain transactions? Somewhat idiotic attempt since, given the privacy and anonymity features all you could do is blocking random transactions, not transactions linked to real accounts / people. So yeah, a wealthy diabolic maniac who wants to destroy the world can theorically attempt to do that. But so far, greed has always trumped pure evil distructive nature.

Second that but it's not much unrealistic, in PoS coin if anyone wants to have 51% attack, they need to own more than 50% of the total supply. So, it's possible to have own more than 50% if the market capital of that coin is low.

Your statement shows that you have not understood how easy it is for chain analysis companies to deanonimize such transactions. I prefer you to read the pdf file ...It can be applied to all coins with optional privacy

Answer me the question, what percentage of all Spectrecoin users use the shielded feature?
0,5% ? 1% ? 3% ? 5%?


But while Spectrecoin gives the user the choice of using transparent or privacy, Pirate’s addresses are forced to be private. And this is exactly where the difference lies. Data protection in Spectrecoin is optional, i.e. parts of the blockchain are transparent. Where as Pirate is completely anonymous.


Conclusion

Both crypto currencies use advanced technology and algorithms.
The transactions and thus the blockchain of Pirate are 99.9% anonymous, where as Spectrecoin does not offer forced anonymous transactions, furthermore in Spectrecoin large parts of the blockchain are transparent.
The Spectrecoin brand name promises a lot, but the technology is no better than other optional privacy coins.
In contrast, Pirates transactions are private by default, which encourages greater use of these transactions and provides more network security.

A 51% attack on a Proof-of-Stake cryptocurrency is an unrealistic scenario and it's strange to bring this up as a critique against Spectrecoin.

Think about what you are saying Acura: You believe someone can acquire more than half of all coins (!) and then will use that to attack the chain? Even if someone somehow managed to acquire such an enormous amount of coins (I doubt it would even be possible) it would cost this entity unbelievable sums as the price would increase to unforseeable heights and he would be the largest stakeholder in the network. So what possible reason could this entity then have to attack his own stake after spending an insane amount of money on this? It doesn't make much sense.

The Spectrecoin developers have implemented a unique consensus algorithm (PoAS or 'StealthStaking') which makes Spectrecoin currently the only cryptocurrency that has truly anonymous staking! The dual-coin system of Spectrecoin is a massive advantage and not a weakness. It allows users to choose. It allows services to implement xspec whereas spectre might be more difficult, or technically or legally impossible.

To quote Satoshi Nakamoto: 'If you don't believe me or don't get it, I don't have time to try to convince you, sorry'


Acura,  I will make a spectre transaction and you will tell me where it ends up ok? Since by your claims Spectrecoin is not a good privacy coin because it has a dual-coin system, it should be very easy for you to track this transaction. Let's see if there is some substance behind your claims or if it was all just hot air to pump your Pirate bags. I wish you good luck  


https://chainz.cryptoid.info/xspec/tx.dws?8d17d8ecd9e5e32c8c2eebd1efd0e670a84e374d7d147c9177f552c6de35d206

So please tell me where this payment came from and where it ends up. Hint: it originally was in public xspec. Since you claim Spectrecoin's dual-coin system is allegedly a privacy weakness, I am REALLY interested to see this proven now.

thank you both for your answers.

So Spectrecoin has no technical protection against 51% attacks like dPow from Komodo, or Chainlocks from Dash.


And the fact that a user can go from a transparent state to a protected one may be quite great (optional privacy), but the fact that he afterwards switches back to a transparent transaction only to be able to deposit his coin on an exchange, for example - allows deanonimizing already by the low use of the feature.

Even with Zcash, only 4-6% use the shielded feature, even this low usage is enough to deanonimize the users behind the chain analysis.

Proof: https://cryptolux.org/images/d/d9/Zcash.pdf

Spectre will be no exception, as well as many other coins with optional privacy.


If Spectre here is so great and anonymous, why don't you read about it anywhere?
Why doesn't Darkmarket use it?
Why is he not represented on Binance?
Why doesn't he win in comparison with Monero?

I think Spectre is now almost 4 years old... I now save myself the rest that I could still bring.
So much for the statement "Best privacy coin" ... 

ummm...there is "no option" to run on the TOR network like some others
.....is part of the client...as is oBFS4 ability if the client needs it to connect to its nodes.
Being PoS3 and "option" PoASs ...how would someone buy enough coins to run a 51%? that scenario is very remote with any PoS3 coin.
Maybe take your comments elsewhere and quit attacking Spectrecoin.

you continue to purposefully mislead people. What you see in the blockchain is xspec - a public coin. If you convert it to spectre, you won't be able to trace the transactions. It's strange that you don't understand it, or pretend to. I strongly doubt that everyone present at BTC will agree with your unfounded conclusions. More about the attack 51%. Do you have any idea the cost of such an attack? Now weight networks accounts for roughly 8-9 million coins, for attacks will require 4-4. 5 million. ALL cash xspec on exchanges is 200-300 thousand, just buying them all you make the cost of the attack unprofitable -the price will fly to the moon, and will not reach the required as you need to buy another 3.5-4 million coins

So Spectrecoin is a coin with optional privacy (transparent & shielded transactions)- we all know what that means in terms of privacy...

So i see metadata on the Chain - sender , amount, input / output  - there is no lie about that

I see public Richlist with all metadata - Wow, the first place is anonymous from the top500

And what is with 51% double Spend resistance... so Spectrecoin has no protection against it ?
Where is that a lie ?

Everyone here in the forum and on the internet will agree with me that coins with optional privacy are a waste of time.

It is possible to forgive rough words, but not deliberate lie or misleading! You were able to lie on all four counts.
 The project has 2 coins: public (xspec) and private (spectrecoin), therefore what is seen in the blockchain is xspec. Spectrecoin is not tracked.
The rich list also consists of wallets whose owners did not transfer xspec to spectre for any reason. Below I will leave a link to a rich list, you will see in 1 place anonymous - the researcher can not identify anonymous spectre and relate them to wallets, so he considers them for 1 wallet! Show us how you were able to evade hidden transactions, but you will not be able to confirm any of his statements.
You aggressively defend your project, which no one thought to attack. That's low. Cryptoprotection large and the competition all at hand - forces you to grow.
https://chainz.cryptoid.info/xspec/#!rich

Sorry for the hard words, but spectrecoin is a joke...

I see a public Richlist... much privacy
I see public Metadata exist on the Chain for Chainanalys
I see no 51% double spends resistance
I see transparent Transactions

Even if only 5% of the people use the privacy feature this is enough to deanonymize the people anyway.

My previous choice of Privacycoins remains

1st ARRR Piratechain

2.XMR Monero

I assume you’re referring to the end of 2017/start of 2018 when the main dev was feeding everyone a pack of lies and not being able to answer any questions?
If you’d taken a look at the project recently you’d have seen that there is now a whole new team who released stealth staking on the time scales they promised and continue to deliver.  There hasn’t been a single question that I’ve seen that has been left unanswered. The devs and core team are all active on discord as well so can get a response straight away.

Monero is still King I agree, that’s because it’s had the head start and doesn’t mean it has the best tech by any means.

I’d much rather people reviewed projects and constructed valuable responses rather than spreading FUD and putting projects down.  The crypto space is plenty big enough for projects to coexist and the goal is to keep improving so makes more sense to work together surely?!

For a start, take the trouble to study before unfairly attacking.
https://spectreproject.io/#key_features
The same advantage you forgot to mention about the ring signature.
Monero is unquestionably a good privacy coin, but spectrecoin is no worse ( wallet works in China)

So what about a lot of accusation for xspec and i thought that never get any reply from the developers. I put a little expectation for xspec.
It's not even the best privacy right now and monero still hold the king of the privacy coin.

SpectreCoin have the features to be consider as a privacy coin but not the best in terms of privacy coin because it only has the fully integrated Tor+OBFS4 and the new proof-of-anonymous-stake (PoAS) which was implemented by the team. However, Grin and Monero are consider  as the best privacy coin due to the potential they posed.

Spectrecoin (xspec) hands down for the best privacy coin

https://www.publish0x.com/hodl-on/unbiased-privacy-coin-comparison-real-monero-xmr-alternative-xmkxpk

https://www.publish0x.com/xspec-community/1-main-reason-why-you-should-put-spectrecoin-xspec-your-rada-xdnwvm