Re: [Cryptography] Bitcoin theft and the future of cryptocurrencies
On Sun, Dec 24, 2017 at 4:36 AM, James A. Donald <jamesd@echeque.com> wrote:
On 12/20/2017 3:27 PM, grarpamp wrote:
Bitcoin is nowhere near private or anonymous. Genuine cryptographic privacy needed for that, such as found in the Zerocash (Zcash) family of coins,
We already are facing big trouble over scaling. Zerocash is too damned slow.
https://z.cash/ shows near term updates coming that significantly raise performance.
I suggest that rather we should employ the coinjoin algorithm.
https://reddit.com/r/joinmarket There are surely other mix implementations you could list, including mix coins such as Monero, or simple swap services such as helix / fogcore.
Pretty soon, the state is going to declare some bitcoins to be "blood bitcoins".
Already happens, search: chainanalysis
Coinjoin, like zerocash, makes equality of bitcoins a fact of mathematics, rather than a policy of humans.
Which is why all of swap / mix / privacy methods may be useful in certain use cases. However as before in the Zcash thread, in general, a well studied reviewed and used true cryptoprivacy coin may seem to be most and long term resistant to analysis, usage error, liquidity / anonymity set, unlike swaps / mixes.
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Needless, untrustable, bloating, assertion.
On 12/25/2017 1:10 PM, grarpamp wrote:
On Sun, Dec 24, 2017 at 4:36 AM, James A. Donald <jamesd@echeque.com> wrote:
On 12/20/2017 3:27 PM, grarpamp wrote:
Bitcoin is nowhere near private or anonymous. Genuine cryptographic privacy needed for that, such as found in the Zerocash (Zcash) family of coins,
We already are facing big trouble over scaling. Zerocash is too damned slow.
https://z.cash/ shows near term updates coming that significantly raise performance.
Last time I looked, could not handle bitcoin scale. What does Zcash scale to now? --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus
We already are facing big trouble over scaling. Zerocash is too damned slow.
Last time I looked, could not handle bitcoin scale.
What does Zcash scale to now?
Too many areas mixed together in above.
https://z.cash/ shows near term updates coming that significantly raise performance.
Meaning zcash sapling for client side performance. As with "new" crypto of zk-snark, where are analysis of the new curves in sapling? ie: https://safecurves.cr.yp.to/ Many other coins are now roadmapping cryptographic privacy such that if the architecture of "Bitcoin" ends up sucking, say in tx/s, blockchain storage, or features, the others might succeed. It might be at least another 5-10 years before some model shows up with acceptable / provable "scale" that is thought to compare with even the relatively short lifespan of all known fiats to date. Probably better to consider ingraining in culture that currencies are now better exchangeable / swappable / pluggable, rather than continue the lunacy that there should be only one for all time and uses. BTC may be the first to prove that smooth mass migration and abandonment of failure, with little physical war or asset loss, is the new workable model.
participants (2)
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grarpamp -
James A. Donald