Topic: Bitcoin or zcash? - page 8. (Read 9846 times)

@Pinkflower Monero is less private, the network keeps a record of every transaction ever made. So if authorities seize a wallet they can see every transaction in history. Not NSA safe for sure. The user is anonymous until they get proof linking them to the wallet, then they're screwed. Zcash makes it impossible to track, they have a way of tracking the money and preventing counterfeiting that doesn't depend on tracking spending, at leat not for the encrypted wallets. You can also have a transparent wallet that is public record.

@ingiltere What does Monero offer? A hard split if they want to offer as much as zcash.


Their goal is less volatility. They want to currency to be more stable so it is being eased down to market value. Zcash is declining in price because it's supposed to. The developers have talked about two implementation strategies. A slow start, keeps miners from getting massive amounts of coins early. That was to prevent a dump. The second was to keep demand in check. They have intentionally kept the crappy Linux wallet system to limit access to the coin. They have said there will be GUI wallets for all platforms in the future. As long as the market share keeps growing over time and volume goes up, it's potential remains. When the wallets become easy, demand for the coin will spike and the darknet will most likely adopt the coin. There are many reasons to favor zcash, when people reference zcash technology to promote their own coin, it plants in the psyche that zcash is the standard.

The biggest threat I see to bitcoin are ASIC miners. They are centralizing the coins, if people are excluded they won't be a part of the market, then the only way is down. So be wary of any ASIC mined coin in the long run.



http://www.coindesk.com/the-structure-and-valuation-of-zcash-vs-bitcoin/

Yes, there is room for two currencies to grow in demand, shrink in supply exponentially. But alternative of Bitcoin is not Zcash. Zcash is a miners pump and dump coin and nobody will remember the name 4-5 years later. If you put an alternative try choosing a real one like Monero. Monero offer something real, Zcash don't. Bitcoin is still the leading cryptocurrency and it forever will be. That's why other coins called "alternative", they are Bitcoin's alternatives.

Thats a good point. What is better for you? Is it Zcash or Monero? I have no deep knowledge with the technology behind them and I want to know which one is better for anonymity. Is it ring signatures or zero knowledge proof? Please kindly explain each of them and how they anonymize transactions briefly.

Anonymous coins are ideal for everyone, not just for those on the dark markets. For example, if you pay your landlord in BTC, they can see how much BTC that account has, and if there's a large amount, they could think you could afford to pay more rent, and charge you more rent. This happens now when landlords require a paystub. If you make more, they charge you more. Or if you used BTC to give money to a charity or to a political cause, that could be used against you by your employer, acquaintances, etc.

WIth Monero, there is no risk in any of those cases since it's private and transaction amounts are not visible on the blockchain. The amount of money you have, and who you choose to give it to is also private.

Additionally, BTC has fungibility problems that can't go away. This means that some BTC is not worth what other BTC is. Coinbase and other exchanges have denied or even frozen BTC since those BTC were used in the past for purposed deemed by them to be unacceptable. Now those coins are worth less than others. Andreas Antonopoulos, a former Bitcoin Core developer, acknowledges the Bitcoin fungibility problem in a YouTube video: https://www.youtube.com/watch?v=ak1iojpiHpM&feature=youtu.be&t=33m9s  Since Monero is completely private, it is completely fungible. This scenario can't happen with Monero.

Private money is in everyone's best interest. BTC is great for businesses where transparency is either desired or required. But for personal use, I don't want people with access to the blockchain (everyone) to see where or how I spend money or how much (or little) money I have.

Come on man zcash is new currency it's not even a year old. Even though it may claim to have better features than bitcoin but how can you trust it , there are so many coins coming daily and they end uo scamming people like the recent case of one coin. Even though many people mine it and are getting good results but I don't trust the currency and also you are comparing it with the best one out there which makes no sense.

Still choose bitcoin, zcash offered a good feature but it still in a very unstable condition, and there are not a lot of user using it, so i will wait until it more stable and then maybe i will try to used, but for now i choose bitcoin and will only invested in bitcoin

Bitcoin will always be the best choice in crypto currency. It will always be the conqueror because will always choose bitcoin instead of other coins. If we are going to base the coin marketcap. Its obvious that bitcoin is the leading among other altcoins such as zcash.

Really how can be bitcoin even equal to Zcash. Nothing can be compare to bitcoin not any Altcoin or any other service. Such attempts wont even make this shitcoins popular rather people will feel pity for zcash or any other coins as everyone knows nothing in cryptoworld is comparable to bitcoins.

Bitcoin is the obvious choice people, there aren't any argument; it's more stable and versatile than its fork which is the Zcash which sort to address some of Bitcoins challenges but failed miserably. I doubt if we were to organize a poll as to what to invest in for a year anybody would choose Zcash ahead of Bitcoin, never!

I was thinking about, Bitcoin vs Zcash, the Original vs Copy cat. We already know that zcash is a copy cat of bitcoin. And of course, I still go for bitcoin has been  established  for so many  years, compare to zcash, and the communities and the advertising company adopting it too. Meaning,  Bitcoin is much more stronger than it.

There is no place for fully anonymous coin with integrated tumbler. Authorities can't and won't allow that.
Ponder for a while, what is, or should be the main goal of every cryptocurrency? That is right, to be used by larger number of people.
Total adoption, filling out the niche, what niche will Zcash fill? It will be great tool if you want to buy something from dark market.
I am afraid that zcash adoption will be hindered and eventually stopped by legal issues. Just wait for it.
There is no need to touch zcash now as the coin with 21 million market cap is insignificant.

Shall not forget that many solutions are developing to make completely anonymous Bitcoin which will allow competitions like Dash and Monero. And is only a matter of months or years. You need a consensus, what's going to be complicated for Bitcoin.
Where are Segwit?

obviously bitcoin and i have simple reason why i choose bitcoin because bitcoin has proof that could live more than 7 years and Zcash even still not reach for 1 year after launched and if you save bitcoin and Zcash for next 5 years then which coin would more valuable and i think majority answers will says bitcoin more valuable

I agree with bro. I trust bitcoin and many people also trust . zcash is new altcoin and little market only while bitcoin have large market now. Yes is not the value the trust of many people is the very important of that. Bitcoin have proven and zcash will starter only a little month I think correct me if I'm wrong .  bitcoin is the original it cannot replace it for long time .  Bitcoin will become popular everyear and many countries accept the bitcoin. So please don't compare the bitcoin to zcash.

Whatever altcoin will come or be invented I would not change bitcoin for anything else so I would choose bitcoin instead of Zcash.

Zcash is a new coin, maybe has a good potential to grow since they seems to be more anonymous than bitcoin, same with monero.

well believe it or not majority of people who are using cryptocurrencies are not looking for using them in underground dark corners of the internet!
it has always been mostly for investment and then for a decentralized cash that they can use online without the hassle of the banks.

and bitcoin offers more than enough privacy and anonymity to all these users. and none of them even have to use a mixer, or even if they do they reach a higher level of privacy without any problems.

Asking this question is like choosing between a sport car and a bike. This is such a "common sense" kind of question. Of course, most of us will choose bitcoin since it is stable and bitcoin already prove that it is a great kind of investment which can give a lot of benefit for us, One of them are profit and security. Zcash is just like a waste for me since it just a kind of hype and i'm not interested to risk my money or bitcoins on that altcoin.

What did I just read ? You okay pal?
Why would bitcoins and zcash work together ? Did satoshi secretly started a joint venture or something ? Not that I'm aware of,at-least their github doesn't say that.And Yeah I like stan.

Certainly, it is not right to compare zcash to bitcoin because they have really huge difference. Bitcoin was already accepted in the market. It can be use wether legal or illegal. Although they both have that security features which is great, Bitcoin will be still be used because it is trusted coin that keeps the anonymity of its users. However, I think in the future, zcash can take over Bitcoin if it can survive market problems which Bitcon had already done.

I do not think that these two currencies will work together without any problem. With that establishment there will be a lot of economic issues to us. By the way it is not possible for zcash that it increase u to the level that it replace bitcoin or stan the same as bitcoin because it is only the traders who are relying on zcash for their profit while not much market is adopting it for ther business.