Hello Crypto Dudes and Dudettes,
This is just a nightcap, a final bit of juice for the day.
Recent internet chatter pits Zcash against Monero. It seems that some Zcash supporters are citing or linking to an older evaluation of Monero. One that is not so glowing. Hints that Monero is/was traceable.
Is it? The question seems to hang like bad meat in a broken freezer – in South Africa.
Other allegations imply that Monero is Mickey Mouse, essentially.
Apparently, Edward Snowden has weighed in. Zcash it is.
The peanut gallery is crying foul. Snowden is a shill, a paid endorser…really?
But shouldn’t you at least consider a private cryptocurrency? Bitcoin is traceable. Why wait?
So, what’s in your wallet? Governments already know. And some hackers.
And if top academics did help to develop Zcash, who cares if they did not “implement” the actual coin?
That’s one lame argument.
If a rocket scientist shows you how it’s done and you build a brand new shiny rocket, it’s still a rocket. Even if you used old Nazi science – old V2 methods – for some of your “code.” (I’m hinting at the use of bitcoin code within Zcash.)
We know that bitcoin works. We have never seen Bytecoin take off like that. (Note : the Bytecoin link may not work.)
Monero has moved onto higher ground – as – I might say – it’s a “people’s coin.” Grass roots.
Zcash is beholden to their sponsors, right?
But that does not mean we cannot or should not profit from those who back Zcash and therefore “pump” the coin.
The continued success of Zcash – a very volatile coin – is still in the weeds. But judging by bitcoin’s success, is Zcash the best of both worlds? Private or public? You can show and tell or…not, right?
To defend Monero – that it too is based on the works of academia – is disingenuous.
We know those who developed the Zcash/Zerocash process. We cannot verify the existence of a single coder or developer of CryptoNote/CryptoNight – Bytecoin – not one.
That’s not my point.
This article helps to clear the air a bit.
Monero/Aeon, remain the underdog(s) – for now – as far as I’m concerned. And lately Aeon has spiked. We’ll see if it holds.
Certainly, Monero and Aeon are better at holding the line than Zcash. That’s a tell.
Apparently, Edward Snowden doesn’t have time to check the crypto-markets to verify this fact.
That’s all for now.