BOLT software release would not be possible without support from the @ZcashFoundation, @matthew_d_green and @secparam. BOLT also builds on bn lib and bulletproofs. Thanks to @ebfull , @hdevalence, @isislovecruft and others for their work! This is just the beginning...https://twitter.com/mineZcash/status/1029531839818620928 …
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I ignore most alt news, but when Szabo retweets... I listen. I thought you'd be against a money with a founders reward? Is this just for the tech? What is going on here...?
The tech is very interesting and important. I'm not necessarily against founder's rewards. This doesn't mean for end users I recommend Zcash over Monero or vice versa; there are many issues re: how the tech is implemented & governed, many important details I have not studied.
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Does Monero have limited "scalability"? Why wouldnt the founders have added to BTCs privacy instead creating a seperate coin?
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It's a very good thing to have different coins doing different things, serving different purposes and different people, performing a wide variety of experiments.
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Nick, one of the strengths of Monero over Zcash is in a decentralized governance and developer community solely focused on pricacy. Zcash has made compromises to user privacy (having default transparent addresses which decreases the anonymity set) to increase adoption.
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The Zcash founders reward reduces the social scalability - development is led by a centralized team based in the US. Monero has over 500 contributors and you don’t need to know or be anybody to participate eg open source
@CakewalletXMR came out of nowhere. -
The forums reveal a wild mix of ideas on what direction ZEC should go (e.g. proof of stake) but only a few decision makers. Once ZEC has developed hidden-only transactions, it will be forked to remove the reward but at the genesis block, devaluing current holders.
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Purchasing and holding Monero allows you store your wealth in a hidden and trust minimized way. If you walk away for 10 years, no party will be able to influence the project in a way that reduces your privacy.
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We're not against Monero, but it's worth noting that the projects make different technical tradeoffs. Some research on deanonymization possibilities for each: 1) Monero: https://ipfs.io/ipfs/QmWYTeggKeL8xBitA8uQWAaNDWfFrUHXAxBXkvmnisdDw7 … 2) Zcash: https://arxiv.org/pdf/1805.03180.pdf …
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As
@StarmuteVII posts below, there were several issues with that paper, most concerningly the hyperbolic claims made for press coverage and lack of acknowledgement on prior work done by@monero research lab. For a community response, please see:https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html … -
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The authors quantified the scale of an issue that was i) already identified ~2.5 years before, ii) fixed ~1 year before, iii) widely discussed, iv) impacted users prior to Monero being used with real volume, v) and then lied about the scale of the issue for media attention.pic.twitter.com/v3G3raZ11z
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Bitcoin is Turing Complete
@NickSzabo4. You should publicly acknowledge Dr. Craig Wright’s genius!Thanks. Twitter will use this to make your timeline better. UndoUndo
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