Topic: I hear that Monero has a new competitor in town - page 3. (Read 613 times)

Well over taking Monero or not without a doubt there can be a coin that is more private. Monero, Zcash, Deeponion, Beam, Grim all are in the race of perfecting privacy.

A new coin won't just overtake Monero overnight but say if a Monero user is to find that there is another coin that offers better privacy why would they stay with Monero other than for speculation perspective?

The goal isn't to have a bigger market cap but to offer better privacy. Even if a small user base is there to start with at least that small user base is getting better privacy than the larger.

Remember the saying quality over quantity most people in the crypto world just want to make a quick buck but I do not think that is really the customer base that one would want when having a high quality product.



Of course right now Monero is the best privacy coin, Scroda is still gathering team members and trying to develop a product but the concept is there but when Scroda does come out it will be more private than Monero and be Fee-less on top of that.

A lot of project claimed if they are monero's competitors,, even better than monero
But until now, i still believe if monero is the best privacy coins my friend
Regards

Recently renewed interest in coins that are confidential. I think that Monero is already quite a well-established coin and therefore it is unlikely that a new competitor will be able to overtake him.

Well technology is the reason behind making a privacy coin a success   you talk about a great team but there are many great teams out there selling shitcoins in which you can call succesful. Now I am not saying nor I do not think anyone else is saying that Monero isn't a good coin but everyone in the crypto world knows that the goal is to find a truly 100% private coin. Is Bitcoin really a competitor to Monero? I don't think so plus Bitcoin is to much of a outdated tech to really compete with any coin. Either way new technology is going to be needed in order to succesfully gain 100% privacy in transactions because anything other then 100% unfortunately is not good enough.  

a great team + great technology = gold
a great team + worseless technology = garbage

before finding a team you first have to have great technology, after the tecnology is when you find the team.

I don't know why people only feel the only thing you need to make a project a success is technology, Monero has many competitor including Bitcoin but the team has done a great job to distinguish it out from the crowd. For now, I don't see any privacy coins that come close Monero for now

On top of it the protocol still is fairly new they tried to resolve one issue but brought forth another at the same time.

There is nothing wrong with Grins emission schedule but is definitely a lot wrong with its ledger unacceptability. It is incomparable with Monero.

Of course.



Truth be told it won't be banned in the US due to the Fourth Amendment, the right to privacy.


Correct you have to remember there is such a thing as healthy competition, we learned alot from Monero and they will always be a milestone in the terms of privacy coins, at the same time scroda is also more than just a privacy coin.

Also it is to note the only reason Scroda is to be able to gain such features is mostly because of it having a fee-less blockchain if Monero wanted to implement the features Scroda has it would require doing some major but major changes to their network.

This is where the coins get it wrong I think. You can choose to see new coins as competition and the new coin can choose to see old coin as conpetition or they can choose to see one another as coins that can improve one another. Some features that Monero has the other must not have. And vice versa. When new tech presents from a new coin, the old ones should see this as opportunity to implement it.

Although anonymous and privacy based coins have definitely created their scope and market but in my understanding governments do not like such coins where the transactions are not trackable so we may see a ban for all such coins but i hope nothing like that will happen and govts will be able to regulate them some how as well.

competition is not new in crypto currency.
At some point waves and stellar were firm competitors of etherum
they say litecoin can compete with bitcoin.

truth is, speculation will always exist in crypto currency.

Ok so this is Scroda, I just heard it few days ago but I though it was just another ICO. Anyways, Monero is still the number crypto as far as privacy coin is concern, so it will be hard for someone to just simply overtake that position unless they have really proven their point. I think I'm interested how this coin will be in the future though and see if it can at least challenge Monero, so let's see how everything goes in the future.

Interesting. I didn't invest too much time into Grin, I thought I'll do that at a later point. I guess that'll not be necessary anymore
Then.. I stand corrected: not even Grin would be any good, which means that Monero is still safe in its position. Thanks for the link.

PS. Maybe Scroda will have a future. Time will tell

But you are bringin up Grim and Beam who have privacy flaws which do not make them powerful enough yet neither to truly be 100% private? Take a look below.

https://bitcoinmagazine.com/articles/battle-privacycoins-what-we-know-about-grin-and-beams-mimblewimble/


Haha of course I have read dozens of whitepapers through and through on pivacy coins but like NeuroticFish said none are powerful enough to bother bringing up.

I mean you guys aren't even providing a productive conversation, Scroda brings some fresh views in like not depending upon third parties when routing transactions and a unique mixing method only used to merge funds together in order to maintain unlinkablity.

You guys are so quick to bring up other coins who are not 100% private still instead of trying to take in information from a project that actually might have a solution.

It seems like you don't even know if there was a bunch of competitors to the monero. when the anonymity platform becomes the trend last year there was plenty new anonimity platform like zcoin, and anyther anonymous platform. It will never take a new competitor for monero consider we still pegged to the centralized exchange site.

There are many competitors for Monero, but none is powerful enough. And I will not discuss about the coins whose anonymity is not 100% certain, those I don't care about.
Actually the only worthy new competitor for Monero would be Grin, if people would accept its inflationary nature.

Unlike Monero, who mixes transactions of its users into a ring of transaction that includes other MXR transactions to attempt to lessen the ability of tracking the orginal sender of a specific(s) transaction. Scroda routes your funds through multiple different addresses in your possesion thus not requiring third parties.

Through the use of a self anonymized routing procedure, required one time use addresses and the requirement of using of a mixing pool when needing to merge funds together allows the Scroda network to maintainng unlinkability.

Have a read at the link below and let me know your thoughts? seems pretty eye opening.

https://medium.com/@scroda/monero-has-a-new-competitor-in-town-8b489417b4a2


Update:

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26