People have to decide whether they want to trust that a copy of the key wasn't made, or if they want to use a trustless setup.
Monero doesn't require trust, and it's also private by default.
People have to decide whether they want to trust that a copy of the key wasn't made, or if they want to use a trustless setup.
Monero doesn't require trust, and it's also private by default.
Like the whole thing seems to be riding on the concept of zk-SNARKS, but the fact of the matter is, there is already Monero which offers the privacy aspect that zcoin advertises (but fails to deliver on that too)
For those that may read this who don't know, Zcash is a company. It's Founder and CEO wrote this on Twitter:
> I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible.
"We have to have faith that at the very least, the primary developer of this project is not acting directly in bad faith. And IMO, we can no longer be certain of that."
https://www.reddit.com/r/Monero/comments/6d5yt5/what_fluffyp...
"What company wants to adopt Monero as payment when a representative lies about announcements for his own enjoyment?"
https://www.reddit.com/r/Monero/comments/6d5t7x/fake_news_fl...
(My history has a bit of Monero-related posts if anyone wants to know my interests in this.)
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It's open source. If you think someone is writing malicious code, take a look for yourself. If you think the developers are no good, fork it.
He never lied. He made an announcement, and he was right about it being major, as evidenced by the speculators' reaction and posts on Reddit. Deflating the bubble before it gets even bigger is good in my opinion.
Right after that announcement, there were a lot of brand new accounts and accounts that didn't have any Monero history in them posting in the Monero subreddit. Supposedly, there was even an account or two that just had Zcash post history.
I think Monero is just fine, except for the opponents of Monero that are misrepresenting the truth (creating new accounts on reddit to fake outrage, companies with competing privacy coins posting BS reports about Monero on the day of routine hardforks, etc).
If you think something is wrong with Monero, you're welcome to join the open source project and help fix it.