Quote
Note disclaimer: My participation in the Zcash trusted setup ceremony should not be construed as an endorsement.
https://twitter.com/petertoddbtc/status/791702093748809729
Topic: [XMR] Monero Speculation - page 963. (Read 3314350 times)
And now he's tweeted this:
https://twitter.com/petertoddbtc/status/791702093748809729
https://twitter.com/petertoddbtc/status/791702093748809729
Peter Todd also just tweeted this:
https://twitter.com/petertoddbtc/status/791689486702784512
I think his point is may be that you don't want the witnesses to know too much about the process before hand, as it would give them more time to think about ways of compromising things.
But the flipside is that it means Zcash has no idea if Peter agrees that their process is as secure as they think it is.
If one of the six witnesses posts a blog describing the process and raises even the slightest concerns, won't that be disastrous?
And he isn't known for pulling punches, remember the coinbase doublespend: https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/cytlhh0/?context=10000
Quote
FWIW, I did the the ceremony knowing little about it.
https://twitter.com/petertoddbtc/status/791689486702784512
I think his point is may be that you don't want the witnesses to know too much about the process before hand, as it would give them more time to think about ways of compromising things.
But the flipside is that it means Zcash has no idea if Peter agrees that their process is as secure as they think it is.
If one of the six witnesses posts a blog describing the process and raises even the slightest concerns, won't that be disastrous?
And he isn't known for pulling punches, remember the coinbase doublespend: https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/cytlhh0/?context=10000
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Now that's just mean, we've all been bamboozled by a fake Satoshi or two. ROTFLMFAO.
Newsflash: Trusted 3rd parties are security holes.
Yes, even if that trusted 3rd party is named "Peter Todd."
Exactly, I wouldn't trust Jesus or his computer. How do we know they weren't bugged without their knowledge? Those systems were networked so how do we know they weren't compromised? It is impossible to have trust with that system.
Their trusted setup is laughable.
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Lol are you serious?
If not that was a good joke.
Of course that was a joke! Didn't think I needed a /s on the Monero Speculation board!
Although the underlying point was that Craig managed to convince a reputed bitcoin guy that he was Satoshi using cryptographic sleight of hand. So not impossible to think someone couldn't do the same to 6 other crypto dudes (or even just 4, given 2 of the 6 were Zcash principals (Zooko, and Andrew Miller, an "Advisor" to Zcash). (And, ironically, another advisor to Zcash IS none other than Gavin.)
Looking forward to seeing Peter Todd's write up of the process over the coming days. But I've already seen one reference to "boxes of new computers", which was the same claim made by Craig Wright. http://spectrum.ieee.org/tech-talk/computing/networks/zcash-truly-anonymous-blockchainbased-cryptocurrency
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Now that's just mean, we've all been bamboozled by a fake Satoshi or two. ROTFLMFAO.
Newsflash: Trusted 3rd parties are security holes.
Yes, even if that trusted 3rd party is named "Peter Todd."
https://github.com/zcash/mpc/blob/master/README.md
Link to Zcash trusted set up protocol and 'participants'
I know its' not XMR, but it's what people are talking about ... (delete if you think it should not be here
)
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Lol
Link to Zcash trusted set up protocol and 'participants'
I know its' not XMR, but it's what people are talking about ... (delete if you think it should not be here
)They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Lol
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Lol are you serious?
If not that was a good joke.
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Craig Wright is not trust worthy. The Gavin Andresen is more trustble. But unfortunately he endorsed Craig.
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
They should have had Craig Wright and Gavin Andresen participate so we know it is really trustworthy!
Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
Now add the XMR GUI to the equation...will be interesting.
Curious where you are seeing this, I saw one comment in the ZEC subreddit. Didn't see much in the official forum.
It is interesting that zcash shut down the original reddit forum.
I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
Now add the XMR GUI to the equation...will be interesting.
Curious where you are seeing this, I saw one comment in the ZEC subreddit. Didn't see much in the official forum.
It is interesting that zcash shut down the original reddit forum.
First rule... Control/shut down the media!
Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
Now add the XMR GUI to the equation...will be interesting.
Curious where you are seeing this, I saw one comment in the ZEC subreddit. Didn't see much in the official forum.
It is interesting that zcash shut down the original reddit forum.
I am waiting for the Monero dump but apparently there is nobody willing to fill my bids anymore.
Ok good
Personally, if I were you I'd hold the XMR, put bids on BTC
Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
Now add the XMR GUI to the equation...will be interesting.
Only 6 persons? who in their right mind will trust this 'trusted setup'... what were they thinking? This setup is more centralised than a central bank
And yes, let's hope the GUI is almost there now... my lowball bids have been filled
best regards
Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
Now add the XMR GUI to the equation...will be interesting.
What happened to TrueCryptonaire??
The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
You have no idea what you're talking about
2017 is looking to be a better year than 2016
The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn
Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
You have no idea what you're talking about
2017 is looking to be a better year than 2016
I am waiting for the Monero dump but apparently there is nobody willing to fill my bids anymore.
What happened to TrueCryptonaire??
The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
You have no idea what you're talking about
2017 is looking to be a better year than 2016
The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn
Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
You have no idea what you're talking about
2017 is looking to be a better year than 2016
Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
Well, this is about Monero and not BTC btw...
And if you are talking about BTC only, then just give me one reason as to why BTC will dump during that period of time???
I don't see it going down, but we are to witness a new ATH if I ain't wrong this time...
About XMR, I don't think that the price will be going below 0.0075 or above 0.015, will play between these prices only and that too very stable for few months...
Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.
Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
BTC will dump in Nov - Dec to unkown.
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