Thoughts on Zcash? - page 60. | Bitcointalksearch.org

GTO911

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Quote from: fartbags on February 16, 2016, 02:22:37 AM

Being anonymous is cool but it should be based on the Ethereum platform instead of bitcoin. Bitcoins code is amazing but the facts are the facts, Ethereums code is better.

Then we could start getting anonymous Ethereum clones.

Only Dash i know is based of Bitcoin code, or maybe some Bitcoindark shitclone.

Monero and Zcash are completely different from Bitcoin and each other

TPTB_need_war

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Activity: 420

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Quote from: TPTB_need_war on February 17, 2016, 07:45:51 AM

I don't have time to read this:

http://www.coindesk.com/forking-bitcoin-msb-legal-issues/

I was also provided the following link by Zcash:

https://coincenter.org/2016/02/no-fincen-policy-is-not-relevant-to-the-bitcoin-forking-debate

Quote from: TPTB_need_war on February 17, 2016, 08:23:56 AM

I responded privately to Zcash as follows:

Quote from: myself

Okay I read the document you provided and it doesn't change anything I have written in the past. I never said the developers would be at-risk of FinCEN regulation. It is the miners who transfer coinbase to your company/foundation that will be subject to registration as MSBs. And the document you provided does not argue otherwise. The document you provided is only talking about miners who don't transfer their coinbase but rather mine it for themselves (they may exchange it later as an individual but that is not the same as a regularized transfer operation). Now you might argue that since they are transferring it only to one (or just two) entity then there is no risk of money laundering, thus the MSB regulation would not apply. But that is not what FinCEN guidance says. They say if the entity is creating and transferring, then they must register. Sorry you are potentially wrong and this could cost you dearly. Why not simply premine it! Much easier and avoids the problem on your miners.

fartbags

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Being anonymous is cool but it should be based on the Ethereum platform instead of bitcoin. Bitcoins code is amazing but the facts are the facts, Ethereums code is better.

Then we could start getting anonymous Ethereum clones.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: fartbags on February 15, 2016, 11:01:54 PM

This project looks pretty good except the PoW. If someone could get rid of the initial private investor coins and switch this to PoS then I would be really interested.

The obvious solution to this is to wait for it to come out and then fork it.

fartbags

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This project looks pretty good except the PoW. If someone could get rid of the initial private investor coins and switch this to PoS then I would be really interested.

smooth

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Quote from: fartbags on February 15, 2016, 04:41:37 PM

Is this more anonymous than XMR monereo and ring signatures?

Certainly yes, since it is (in theory assuming everything works properly) perfectly anonymous while Monero (or any mixing-like technique) has some degree of leakage. The practical effect of the difference is debatable, especially considering other issues such as computational overhead, complexity of the implementation, trusted setup, and immaturity of the underlying crypto.

fartbags

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Is this more anonymous than XMR monereo and ring signatures?

fartbags

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Quote from: GTO911 on February 15, 2016, 05:15:58 AM

10% of total supply Shocked

Greedy fucks!

Brought to you by the new greedy fucks on the block Pantera Capital
https://z.cash/team.html#investors

I wonder what the marketcap will be. Since it's a mined PoW coin it might be really cheap at some point, unless these investors are planning on mining and buying up all the coins for a pump n dump.

Rotator

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Activity: 308

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After i saw SDC- fall i have beginning to doubt in all those stories about anonymity.
Just a matter of time when will some good programer find some bug in every other coin with anon transactions.

GTO911

hero member

Activity: 672

Merit: 500

10% of total supply Shocked

Greedy fucks!

wachtwoord

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Quote from: smooth on February 15, 2016, 04:31:32 AM

Quote from: fartbags on February 15, 2016, 04:07:26 AM

Anyone know the basic info such as:

- mining algo
- pools
- link to miner

The info on the live coin is not released yet afaik. There is only a testnet now.

Quote

- coin totals
- premines
- block reward structure
- block time
- PoW or PoS

I think it is stated that all of these are planned to mirror Bitcoin's structure (PoW, 10 min blocks, 21 million coins, halving days, etc.) except that 10% of the total supply is paid to the company launching it (structured as 20% of the block rewards for the first four years) and 1% is supposed to go to some kind of foundation.

So dead on arrival

smooth

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Activity: 2968

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Quote from: fartbags on February 15, 2016, 04:07:26 AM

Anyone know the basic info such as:

- mining algo
- pools
- link to miner

The info on the live coin is not released yet afaik. There is only a testnet now.

Quote

- coin totals
- premines
- block reward structure
- block time
- PoW or PoS

I think it is stated that all of these are planned to mirror Bitcoin's structure (PoW, 10 min blocks, 21 million coins, halving days, etc.) except that 10% of the total supply is paid to the company launching it (structured as 20% of the block rewards for the first four years) and 1% is supposed to go to some kind of foundation.

fartbags

legendary

Activity: 1190

Merit: 1004

Anyone know the basic info such as:

- mining algo
- pools
- link to miner
- coin totals
- premines
- block reward structure
- block time
- PoW or PoS

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: TPTB_need_war on February 14, 2016, 06:16:21 AM

Quote from: https://forum.z.cash/t/your-investors-suck-and-i-hope-you-will-get-forked/267/22

I want to add that I realize the legal issues make any PUBLIC pre-sale/pre-mine choice dubious. If you do public ICO then the tokens must be registered as securities. If you do PRIVATE pre-sale and then PUBLIC royalties from mining as Zcash proposes, then the miners apparently have to register as Money Service Businesses under FinCEN regulations and the coming G20 plan to harmonize these regulations starting in 2017.

Appears the only options for legal distribution are PRIVATE ICOs (that can include any qualified investors as so defined by the SEC but you can't advertise this to the public-at-large and has to be viral within the qualified investor social network).

Or via PUBIC proof-of-work mining.

IANAL yet I think Ethereum violated the securities law.

Some have also claimed that PUBLIC airdrops might be legal, when these are not marketed as investments but rather for-use tokens.

smooth

legendary

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Quote from: AngusCanine on February 13, 2016, 09:00:43 PM

When and where will the public be able to buy Zcash

Nothing like that has been announced. It won't be launched for several months. After that I would guess it will trade on some exchange(s).

AngusCanine

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To weird to live To rare to die

When and where will the public be able to buy Zcash

smooth

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Quote from: 39tears on February 13, 2016, 05:57:06 PM

now zerocash is in the test mode, right?

https://github.com/Electric-Coin-Company/zcash/wiki/Public-Alpha-Guide

39tears

newbie

Activity: 8

Merit: 0

now zerocash is in the test mode, right?

TPTB_need_war

sr. member

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Quote from: TPTB_need_war on February 13, 2016, 01:26:35 AM

I didn't call Zcash, Monero, or Aeon scams for example.

I have argued that Zcash may be superior to Cryptonote/RingCT, but this is still an open question. Even right now I am invited to private discussion with Zooko to find out what their legal interpretations are hopefully, but I may be restricted from sharing it (I don't know yet). I have also questioned whether anonymity can gain significant adoption in the mass market. Hey but also remember we are likely headed into capital controls by 2017, so there it is all open to question at this point. I had been thinking maybe it is wiser to target anonymity for corporations on public block chains (since permissioned block chains seems to remove any point of block chains), but also realizing that programmable scripting on block chains doesn't work, causes me to pause to think about the implications.

And thanks for posting from a newbie sock puppet account.

TPTB_need_war

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Topic: Thoughts on Zcash? - page 60. (Read 123361 times)