I get your idea man, but I can not agree with it.
Because you can not send transparently to annonimous wallet.
If I provide you adress with Z letter it is annonimous. If you will send it as T adress,transparently. Nothing will hapen because there is no such adress created before. There is only Z adress created by me and provided. And it is invisible ,because blokchain of z are not transparent.
And EU authorities can give whatever big money,but they have no chance against zk-snark.
they start effectively trace Bitcoin
Thats why alphabay adding Monero and Zcash.
They also not recommend to use Bitcoin anymore.
Topic: ZCash added on AlphaBay on July 1st - page 2. (Read 2651 times)
Seems you had not understand anything I wrote. Please first stop by what will EU put 5 billions euros in. So what actually is a blockchain analysis. https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/
ZCash transactions that are selected to be anonymous will not be anonymous because of those that are selected to be transparent. It is that way today and will be way more in 5 years from now when thee will be lots of analysis tools made and available for everyone to use.
Transactions can be anonymous only if all transactions are anonymous.
ZCash transactions that are selected to be anonymous will not be anonymous because of those that are selected to be transparent. It is that way today and will be way more in 5 years from now when thee will be lots of analysis tools made and available for everyone to use.
Transactions can be anonymous only if all transactions are anonymous.
Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.
If 90% of ZCash users dont use anon transactions then those 10% that use it stands out. And this block chain analysis will trace them easily. That is a difference between optional anonymity and an anonymity.
I think those who need annonimity will select it for their wallets.
You can not send transparent transaction to annonimous wallet. You will have only 1 option,only annonimous sending.
It will be easier,faster and chiper than using Bitcoin mixer.
Zcash price does not seem to be reacting to this event so far. Let's hope some rise is there after the fact.
Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.
If 90% of ZCash users dont use anon transactions then those 10% that use it stands out. And this block chain analysis will trace them easily. That is a difference between optional anonymity and an anonymity.
You guys dont get what is "Anonimity by default" , right ? There is no possibility to send a transperent transaction and this is how a anon currency should be. Every transaction is anonymous.
Not to mention this trusted setup thing. Winner winner chicken dinner question: What is wrong with a "Trusted setup" in an trustless technology?
Not to mention this trusted setup thing. Winner winner chicken dinner question: What is wrong with a "Trusted setup" in an trustless technology?
Quote
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Wrong.
You do not understand probably how zcash works.
This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.
Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.
Wrong.
You do not understand probably how zcash works.
This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.
Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.
Just putting the letter "Z" in the begining of your transaction enables ZeroKnowledge Proof and your transaction can not be visible.
You also have an option to send transaction as you send it with Bitcoin-transparently in blokchain.putting letter "T"
Not putting any of latters by default will not send anything.
Thats simple.
not true. the only truly anonymous payments are with Zcoin
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Wrong.
You do not understand probably how zcash works.
There is 2 transaction method which you choose.
1.Starting with "T" letter is just as pseudoanonimous as original Bitcoin and basiclly is Bitcoin Core 0.11 fork version.
2. Starting with "z" letter is fully anonimous and based on ZKsnark - Zero Knowledge proof algorithm.
Blokchain is not transpared and transaction is anonimous.
Still there is coins with transparent blokchain and annonimous transactions like Dash.Well at least Dash say so.
Zcash is also planing to be integrated in Raiden Network and atomic swap with ETH soon.
So I think it will be better,annonimous paying method against ETH ,LTC or BTC soon (mainstream 1-2 years)
AlphaBay is Big.
Even it is 1 month latter news I expext grow with real usage.
P.S.
It is funny that some research institutes like Masachusets Institute of Technology and Tel-Aviv University is working for Privacy in net.
While others financed by EU is working against it.
I am betting on zcash and Israel research institutes.EU have no chance here.
This is what he writes ... Optional anonymity is not anonymity. He is right. Therefore there is just one option and its name is Monero.
Dash ... not worth talking about (Scamcoin). Zcash -> Trusted setup and no anonymity by default.
Did a bit of my own research. Monero's price increased 6 fold after being added to AB.
However, ZCash valuation seems not to do great in the last 10 days, which would have been more than enough time to "explode", especially since the news is not that new.
Of course, time will tell. It's not so bad to keep the eyes open just in case a good opportunity for speculation comes up, but I don't expect too much. Maybe people are also disappointed on how Monero price has evolve... (especially compared with DASH)
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Wrong.
You do not understand probably how zcash works.
There is 2 transaction method which you choose.
1.Starting with "T" letter is just as pseudoanonimous as original Bitcoin and basiclly is Bitcoin Core 0.11 fork version.
2. Starting with "z" letter is fully anonimous and based on ZKsnark - Zero Knowledge proof algorithm.
Blokchain is not transpared and transaction is anonimous.
Still there is coins with transparent blokchain and annonimous transactions like Dash.Well at least Dash say so.
Zcash is also planing to be integrated in Raiden Network and atomic swap with ETH soon.
So I think it will be better,annonimous paying method against ETH ,LTC or BTC soon (mainstream 1-2 years)
AlphaBay is Big.
Even it is 1 month latter news I expext grow with real usage.
P.S.
It is funny that some research institutes like Masachusets Institute of Technology and Tel-Aviv University is working for Privacy in net.
While others financed by EU is working against it.
I am betting on zcash and Israel research institutes.EU have no chance here.
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Not only EU but there are many "projects" that try to make as less anonymous as possible the most popular cryptocurrencies.
Why I haven't heard about AlphaBay before? I googled it and seems an underground market, right?
Beside this EU project there are private companies that are doing block chain analysis. Yes they also hope to get something from this and also just selling their services to all that will need to trace peoples payments.
Sellers that will want to know your shopping habits.
Companies that will want to know how much you pay your workers.
Charity organizations that will want to know how much money you have.
.....
and yes AlphaBay is biggest DarkMarket. Right now apparently run by Russia mafia. It was not started by them. A bit more about darkmarkets you can listen here. Apparently this lawyer is a PRO:
https://www.youtube.com/watch?v=j3PPUb38mjo
https://www.youtube.com/watch?v=8thP_5aVh04
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Not only EU but there are many "projects" that try to make as less anonymous as possible the most popular cryptocurrencies.
Why I haven't heard about AlphaBay before? I googled it and seems an underground market, right?
Truth about Zcash: https://mobile.twitter.com/matt_odell/status/879731210808942593
Only a dimwit would use a privacy coin developed by a US corporation. You can bet your ass there are hidden backdoors. Zooko basically admitted as much in one of his recent tweets.
I'm interested to see how this plays out post July 1st
Good. Real world use is always good. XMR is probably the better choice, but at least you have people buying and selling.
Drugs, counterfeit bills, fake IDs...so long as it's not kiddie porn, I'm cool w/ it. Anything but child porn. That stuff makes my stomach churn.
Drugs, counterfeit bills, fake IDs...so long as it's not kiddie porn, I'm cool w/ it. Anything but child porn. That stuff makes my stomach churn.
Optional anonymity is not an anonymity. EU will give 5 billions euros to Universities and research institutions over whole Europe to research and develop different tracing applications. ZCash with is optional anonymity will be an easy target.
Strange that there is no reaction on Zcash since the news 6 weeks ago... I was almost excited when I saw the thread title and looked at Zcash (it doesn't seem to do very much, does it?). What do you think? Worth the buy? 1 July is only a few days away.
an old news on June 11, ZCash should have increased since this news
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