The zcash people are the worst If we had listened to them, we would have ditched Bitcoin for a coin that has dropped in purchasing power by 98% against Bitcoin The worst part isn’t the premine or the PoS migration shenanigans, it’s the moralistic attitude that if you don’t use a coin that has perfect privacy (which zcash is not anyway) then you are putting people in danger When in reality living in fiat is dangerous If I had to assign blame it’s that many of them are computer scientists chasing perfect privacy with zero understanding of real world economies etc

Replies (42)

JD's avatar
JD 2 months ago
So much noize, This crypto thing, Satoshi knows. A halfku
Lord Wilmore's avatar
Lord Wilmore 2 months ago
Well, the funny part is that if everyone had listened to them, the purchasing power would have beaten bitcoin
You can give them a credit for putting a honeypot on top of their zk implementation, (next to Zerocoin and Zerocash) that for decades existed on a paper only (It was executed badly though with a bug) zk proofs came a long way to be so efficiently small as they are today, even ethereum ecosystem did a great job in exploring zk Ton of good discussions about zk implementations on
Well, I don't know anything about zcash and only little about Bitcoin. But pure logic is enough to conclude that the argument with lost purchasing power is invalid. If everyone had ditched Bitcoin, its purchasing power would have likely dropped against whatever coin that would have gained wide adoption instead.
Sure, Hold on a sec, chainanalisys says your 0.051 bitcoin came from b1q...9oT a wallet used by cybercriminal X, we have decide to not accept your purchase, please provide a refund address so we can refund your 0.051 - fees of 3s/vb Thank you, you have been reported to authorities. 😊
Thank you for your reply, since Chainanalisys has confirmed that your bitcoins can be of illegal origins we've decide to continue on our decision of not accepting your purchase, also we don't accept any coins that have participated in any coinjoin operations or such. Again, Thank you. The authorities are on thier way, please remain pacient. 😊
You seem to be conflating anonymity with privacy. I don't know your bank account either. Do you think it's very private? Don't be stupid.
lmao yeah sure, keep on doing you until LE comes knocking on your door, because you forgot to use tor the other day lmao While I'll be fucking japenese hoes in my 21 floor apartment in dubai because I choose good projects that improve.
Perhaps you're satisfied with leaving an eternal trail of plaintext information about all your transactions. If you can't see why that is not optimal, I don't have anything else to say to you. And I wouldn't care at all, except your stupidity normalizes things that screw everyone else too, like always-on surveillance. But you can't see that either, or you would think differently about it, and so there is no point in wasting more time trying to make you see the obvious.
Any tool that guarantees more privacy than Bitcoin is a good tool. But Zcash is a shitcoin that has a dev tax a foundation that calls the shots, optional privacy that doesn't work, a trusted setup and they want to move to PoS.
Ima a bitcoin maxi, and I don’t know about the shenanigans behind cash. But still, bitcoin would be better if it were more private. So maybe privacy coins are good in that they provide bitcoin (or least bitcoin layer 2) devs with ideas for improvement?
So your main criticism is not the premine...or PoS ...it's their attitude towards their factuallly superior privacy vs Bitcoin??? If your privacy is worse how is that NOT putting people at more risk? Especially those in more dangerous situations that you're recommending Bitcoin to? You expect me to believe that if Bitcoin started off with the privacy of shielded Zcash you WOULD NOT be here telling us how dangerous all these surveillance coins are? Come on now 😂