My main desire to see one or more anonymous altcoins succeed has nothing to do with criminal activity and everything to do with privacy. Comments by BCwinning and Shrikez struck a chord with me. Whether by governments, corporations, or hackers, so much of what we do is being monitored and recorded. I think that almost any product that offers increased privacy will be in much greater demand soon. We can see this demand growing already in products like VPNs and even the growing popularity of Tor. And since I see that demand growing in so many places, it led to my initial question of why anonymous altcoins which can offer privacy don't seem to be taking off.
Thanks for all of your replies. Several of you pointed out some things I wasn't aware of and I will look further into those.
Topic: Why are no anonymous altcoins being widely utilized? - page 4. (Read 5352 times)
Titan is not "fully anonymous" it is just stealth addresses, which an automated way of not reusing addresses. Every transaction is fully traceable, just like Bitcoin.
How are they traceable?
There is no ambiguity as to source or destination at all. If you send me a coin I can see where that coin came from and where it came from before that. Likewise if I send you a coin I can see when and where you spent. If I've ever dealt with those people (or do in the future) I will likely see the relevant connections as coins are combined and change is returned. If I happen to be a large economic actor such as an exchange, payment processor, etc. I may well have dealt with a huge number of participants and be able to identify many of them.
I'm pretty sure there is a thread on bitsharestalk or whatever your forum is called where bytemaster explains this and acknowledges that TITAN isn't really intended as a full anonymity solution but more of user-friendly incremental improvement over reused addresses. I've seen that thread before but I couldn't find it just now.
You are right:
https://bitsharestalk.org/index.php?topic=7374.msg98157#msg98157
Yes that's exactly the one I remember. Good job finding it.
Titan is not "fully anonymous" it is just stealth addresses, which an automated way of not reusing addresses. Every transaction is fully traceable, just like Bitcoin.
How are they traceable?
There is no ambiguity as to source or destination at all. If you send me a coin I can see where that coin came from and where it came from before that. Likewise if I send you a coin I can see when and where you spent. If I've ever dealt with those people (or do in the future) I will likely see the relevant connections as coins are combined and change is returned. If I happen to be a large economic actor such as an exchange, payment processor, etc. I may well have dealt with a huge number of participants and be able to identify many of them.
I'm pretty sure there is a thread on bitsharestalk or whatever your forum is called where bytemaster explains this and acknowledges that TITAN isn't really intended as a full anonymity solution but more of user-friendly incremental improvement over reused addresses. I've seen that thread before but I couldn't find it just now.
You are right:
https://bitsharestalk.org/index.php?topic=7374.msg98157#msg98157
Titan is not "fully anonymous" it is just stealth addresses, which an automated way of not reusing addresses. Every transaction is fully traceable, just like Bitcoin.
How are they traceable?
There is no ambiguity as to source or destination at all. If you send me a coin I can see where that coin came from and where it came from before that. Likewise if I send you a coin I can see when and where you spent. If I've ever dealt with those people (or do in the future) I will likely see the relevant connections as coins are combined and change is returned. If I happen to be a large economic actor such as an exchange, payment processor, etc. I may well have dealt with a huge number of participants and be able to identify many of them.
I'm pretty sure there is a thread on bitsharestalk or whatever your forum is called where bytemaster explains this and acknowledges that TITAN isn't really intended as a full anonymity solution but more of user-friendly incremental improvement over reused addresses. I've seen that thread before but I couldn't find it just now.
Titan is not "fully anonymous" it is just stealth addresses, which an automated way of not reusing addresses. Every transaction is fully traceable, just like Bitcoin.
How are they traceable?
Do BitShares Titan transactions qualify as anonymous?
At least no one can see the amount you hold in your account name, even if they know it.
At least no one can see the amount you hold in your account name, even if they know it.
Yes, they are fully anonymous. Only the sender and receiver know the parties involved, everyone else can only see the amounts being sent.
Titan is not "fully anonymous" it is just stealth addresses, which an automated way of not reusing addresses. Every transaction is fully traceable, just like Bitcoin.
Bitshares is supposedly going to add mixing in some manner, but I don't know the details.
Anyway, to answer the original question, the main reason I think is that cryptocurrencies as a whole have not "taken off", and certainly not over the past year or less since the anon coins have been around. Everything that is happening now is still either speculation or early stage startup businesses hoping to make it big in the future. Bitcoin is the oldest, largest and most mature in terms of infrastructure, so naturally it is the largest, but even BTC is tiny by comparison to the fiat economy. Naturally the newer less mature coins are going to be much smaller.
Also the price-per-coin is pretty irrelevant to anything.
Bitshares is anonymous, and is ranked no. 4 on coinmarketcap.
This !
Yes, if someone is interested in premined coins
Do BitShares Titan transactions qualify as anonymous?
At least no one can see the amount you hold in your account name, even if they know it.
At least no one can see the amount you hold in your account name, even if they know it.
Yes, they are fully anonymous. Only the sender and receiver know the parties involved, everyone else can only see the amounts being sent.
There is a whole announcement on it so why am I going to waste my time repeating here
Why would anyone waste time and resources attacking crapcoins
You are all talk.
Navajo hasn't even launched the anon function yet.
Darkcoin didn't have Darksend from the start.
Shadowcash is waiting for its secuirity and code review to happen.
Only a few (possibly 2) offer robust and proven anon functionality but this will surely change.
Darkcoin didn't have Darksend from the start.
Shadowcash is waiting for its secuirity and code review to happen.
Only a few (possibly 2) offer robust and proven anon functionality but this will surely change.
Only 2 coins?
Yes, there are dozens of anon shitcoins too. Research yourself carefully.
There are only two coins which can be called anonymous - Darkcoin and Monero.
Darkcoin - Use of third party controlled masternodes for mixing system. Uses coinjoin like darwallet and bitcoin mixing services
Monero - Mixing system built into protocol itself. Has very high inflation. Low current price
Both these coins have been around for a year only, so the market is still very young
Decide which one you want and hold for 3 years
Darkcoin - Use of third party controlled masternodes for mixing system. Uses coinjoin like darwallet and bitcoin mixing services
Monero - Mixing system built into protocol itself. Has very high inflation. Low current price
Both these coins have been around for a year only, so the market is still very young
Decide which one you want and hold for 3 years
Only 2 coins?
there are more, like NAV and XST, to name only these 2 others...
there are even some coins that stopped working on anon feature or even removed a working anon features because the feature wasn't even used, like Neoscoin. (but the anon feature could be put back at a later time if real demand and use for it).
because blockchain matters , 99% cryptos failed to maintain a stable blockchain , people can't risk their money on it
very true.
I will take back the example of XST (Stealthcoin), wich have the healthiest network on bittrex with over 20 connections at all time and has been this way (#1) since July 2014, with no real contenders.
In terms of user adoption, a healthy coin that never falters is the way to go.
A useful coin has no forks or tendency to fork and dependable confirmation times.
Fast confirmation times help, and those that moved around some XST knows how fast it is, but dependability is most important.
adoption follows confidence and that confidence is built on a foundation of dependability.
alt markets are still at a very early stage.
There are only two coins which can be called anonymous - Darkcoin and Monero.
Darkcoin - Use of third party controlled masternodes for mixing system. Uses coinjoin like darwallet and bitcoin mixing services
Monero - Mixing system built into protocol itself. Has very high inflation. Low current price
Both these coins have been around for a year only, so the market is still very young
Decide which one you want and hold for 3 years
Darkcoin - Use of third party controlled masternodes for mixing system. Uses coinjoin like darwallet and bitcoin mixing services
Monero - Mixing system built into protocol itself. Has very high inflation. Low current price
Both these coins have been around for a year only, so the market is still very young
Decide which one you want and hold for 3 years
Only 2 coins?
Do BitShares Titan transactions qualify as anonymous?
At least no one can see the amount you hold in your account name, even if they know it.
At least no one can see the amount you hold in your account name, even if they know it.
because blockchain matters , 99% cryptos failed to maintain a stable blockchain , people can't risk their money on it
There is a whole announcement on it so why am I going to waste my time repeating here
Why would anyone waste time and resources attacking crapcoins
The general public has not yet understood the future necessity and implications of Bitcoin so how could they understand it for the much more important subset of anonymous currencies?
It is so short sighted to see use cases for illicit activities only that I won't even start to argue that point.
The world will slowly wake up to the total deterioration of privacy and its consequences for the freedom of the individual and society as a whole, only then people will see and understand the importance of anonymous transactions and communication.
Watch Brazil or read 1984...it used to be fiction but it will be reality should we not create the tools and means to resist.
It is so short sighted to see use cases for illicit activities only that I won't even start to argue that point.
The world will slowly wake up to the total deterioration of privacy and its consequences for the freedom of the individual and society as a whole, only then people will see and understand the importance of anonymous transactions and communication.
Watch Brazil or read 1984...it used to be fiction but it will be reality should we not create the tools and means to resist.
I simply asked for you to trace a payment, can you do it? Or attack a node?
What you are saying is according to what you believe to be true.
There is a whole announcement on it so why am I going to waste my time repeating here. Go look yourself.
As for why Anonymous coins are not being widely adopted yet is that it takes time, like it did for Bitcoin.
What you are saying is according to what you believe to be true.
There is a whole announcement on it so why am I going to waste my time repeating here. Go look yourself.
As for why Anonymous coins are not being widely adopted yet is that it takes time, like it did for Bitcoin.
Obviously you are so arrogant that you have not even looked into Dogecoindark.
Can you explain how is it any different than what i cited above
Can you trace a Dogecoindark payment? If so let me know.
We are not playing games here. We are talking actual worldwide adoption. Your darkdarkcoindark wont hold a candle when influential powers like the government turn anti. Go get yourself educated on what type of research is going on in cryptonote technology by monero devs, cryptographers, and scientists.
This is not a playground, you cannot become untraceable by adding a 'dark' in front of your name.
Dogecoindark does mixing of coins which can be done same way with any bitcoin mixing service. When these centralized mixing nodes are attacked, Hooray, you are naked
Will snowden use dogecoindark for his privacy?
Obviously you are so arrogant that you have not even looked into Dogecoindark.
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