To the devs: Bitcoin is perceived as weak because transaction ID's cannot be used as unique identifiers. If you guys can resolve this issue before the BTC devs roll out their fix (and they MUST fix this), it will distinguish VTC above all others. In fact, such a fix may become the standard for patching other coins. It's better to fork early in the coin's life than later. Thanks for listening.
+1
Hey Vertcoin Team
do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.
is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?
i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.
What do you think about this?
btw: sorry for my english, but i think you know what i mean
Is raising money for a banned political movement under a dictatorship "shady business"?
Is moving you assets ahead of a regime change that intends to persecute you shady business?
Is respecting constitutional rights to privacy shady business?
Now that I am a vertified expert in cryptocurrency (/sarc) I can say without a doubt that any shady business I get involved in I will use cash, same as ever. I don't know how difficult it is to do things with altcoin and not leave fingerprints and breadcrumbs all over the place, but I know I will probably never know enough that I can be sure of that.
I would like to have as few people as possible know I have online money or where it is though (bang up job I've done with that eh?) and if anonymizing helps all the better. Shady, no, just nobody's damn business.
(edit; Vertified was a typo but I kinda like it.)
I think that's beside the point.. If you listened to the Regulatory hearings in NYC recently and yes I did listen to all 4-5 hours of it, most of it was positive about Cryptocoins.
However, I did also get the impression that almost everyone agreed that Tumblers/Mixing services are the biggest problem (from a legal perspective)..
This means that in all likelihood US regulators (lead by NYC) will probably end up banning Tumblers and Mixing Services, which would effectively ban any coin that had those services embedded.
so on the one hand.. yes mixing is good for subversion of oppressive regimes.. but on the other hand it may be a barrier for broader market acceptance.
In my mind this means that even though none of the decentralized crypto currencies can be stopped outright, the ones with inbuilt mixers may end up being pushed out of the mainstream and so lose market share..
just something to consider. look what Russia and china banning the official use of Bitcoin as currency did to the Price of BTC.
yes BTC can still be traded as a commodity in those markets and yes there are still going to be black markets using them...
but the net result is that the price went DOWN.
Its a tough argument on the benefits vs drawbacks of zerocash. Personally I don't think you can have a widespread common currency that is also completely anonymous, because as much as everyone loves talking about privacy rights, you also have "the right" to pay your taxes which anonymous currency makes difficult for the government to know how much you should be paying and in all likely hood will not be accepted. I think once vertcoin goes with zerocash there is no way it will be accepted as a legal method of payment but yes as jballs pointed out it will provide a great way to move money around and not be traceable even in the most extreme cases. It just seems to me cryptocurrency is still getting its leg in the door when it comes to be accepted as an actual form of payment, don't you think we as the cryptocurrency community should be focused on getting our coin used like a currency? Though if the devs have already decided then we will just have to see how it will be like when it is implemented and hope for the best.
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