Z.Cash VS DASH

InTheWoods

InTheWoods

Well-known member
Foundation Member
This will be the talk of town for some time now and will probably become a direct competitor to DASH. http://www.wired.com/2016/01/zcash-an-untraceable-bitcoin-alternative-launches-in-alpha/

Z.Cash has some important names in the industry behind it but I think DASH is much better for several reasons.

Z.Cash is structured as a real company, a fixed % of all the mining profits will go to the company. It has some known names like Berry Silbert and Roger Ver as investors to name a few.

The model they've picked, though, is not as good as the one DASH uses, the decentralized autonomous corporation which is structured bottom up, more inclusive, allowing decision making to happen organically.

Z.Cash is 6 months away from launch based on this article.

The lead developer Ian infamously stated a while back that a backdoor could be integrated into their protocol to assist governments in tracking where coins are sent, which lead to some nasty reactions at the time. He tried to downplay that statement later on.

Criticism

One criticism of zerocoin is the added computation time required by the process, which would need to have been performed primarily by bitcoin miners. If the proofs were posted to the block chain, this would also dramatically increase the size of the block chain. Nevertheless, as stated by the original author, the proofs could be stored outside of the blockchain.[4] To counter criticisms that the anonymity offered by zerocoin would facilitate illegal activity, it has been suggested that a backdoor, or other features, could be added to the zerocoin protocol to allow police to track money laundering, but this was not advocated in the original paper.[5] https://en.wikipedia.org/wiki/Zerocoin
 
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honestly
"bla bla bla ..."
wired and whoever is hyping this is talking and talking and we all "know" zero coin ... bla bla bla
but so far just a lot of talk and no delivery
 
tungfa said:
honestly
"bla bla bla ..."
wired and whoever is hyping this is talking and talking and we all "know" zero coin ... bla bla bla
but so far just a lot of talk and no delivery
Click to expand...

I think DASH (Digital Cash) inspired them to rename their Zero Coin to Zero Cash. They're already watching DASH I'd say.

The news here is them launching an Alpha version. https://twitter.com/secparam/status/689855568534769664

They now have a website where people can test out their alpha implementation on a test network and based on their statements a public beta is 6 months away. In most cases it takes longer than anticipated, so it's probably more like 8-12 months away or so.
 
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InTheWoods said:
I think DASH (Digital Cash) inspired them to rename their Zero Coin to Zero Cash. They're already watching DASH I'd say.

The news here is them launching an Alpha version. https://twitter.com/secparam/status/689855568534769664

They now have a website where people can test out their alpha implementation on a test network and based on their statements a public beta is 6 months away. In most cases it takes longer than anticipated, so it's probably more like 8-12 months away or so.
Click to expand...


This. They are just trying to capitalize on Dash being so young. They will fizzle out eventually.
 
TheDashGuy said:
This. They are just trying to capitalize on Dash being so young. They will fizzle out eventually.
Click to expand...

Close to $1mil was invested into their project so I don't think they will fizzle out and their backers have money. I think we should look into what they're doing and if there is something valuable in their alpha test, we need to take those ideas and incorporate them into DASH.
 
InTheWoods said:
I think DASH (Digital Cash) inspired them to rename their Zero Coin to Zero Cash. They're already watching DASH I'd say.

The news here is them launching an Alpha version. https://twitter.com/secparam/status/689855568534769664

They now have a website where people can test out their alpha implementation on a test network and based on their statements a public beta is 6 months away. In most cases it takes longer than anticipated, so it's probably more like 8-12 months away or so.
Click to expand...

and there is some other coin
Moneto or something which (supposedly ) will have zero coin tech
even more ... boa bal
:wink:
 
tungfa said:
and there is some other coin
Moneto or something which (supposedly ) will have zero coin tech
even more ... boa bal
:wink:
Click to expand...

Well Ian is the creator of this Zero Coin system and they've now launched something that was planned for years. When I first got into DASH few years ago only reservation I had was if to wait or not for Zerocoin. At the time they were considering adding it to Bitcoin which they couldn't manage to do. Now they're live in alpha public stage https://z.cash/ and I think we should see how their system works and if we can use any parts of it, if there's anything worth using that is.

Lots of people have been watching this project. It was very hyped overall.

DASH will be asked how to we stack up against Zerocash and now that it's live we have the chance to answer that.
 
TheDashGuy said:
Great point, so how do we stand up to Zerocash?
Click to expand...

by being us
:wink:
and making sure we stay on (our) track
(full anonymity had to be in Evo , as it supposedly will)
anonymity alone is not enough for the market these days , you still gotta deliver a fully functional coin (with all the shabang aground it)
 
tungfa said:
by being us
:wink:
and making sure we stay on (our) track
(full anonymity had to be in Evo , as it supposedly will)
anonymity alone is not enough for the market these days , you still gotta deliver a fully functional coin (with all the shabang aground it)
Click to expand...

Lets get you to 5k likes!
 
tungfa said:
by being us
:wink:
and making sure we stay on (our) track
(full anonymity had to be in Evo , as it supposedly will)
anonymity alone is not enough for the market these days , you still gotta deliver a fully functional coin (with all the shabang aground it)
Click to expand...

Yeah, I agree.

Doesn't mean we shouldn't investigate what they're doing though.

Let me give you an example. Counterparty forked Mastercoin, now known as Omni and ended up being more successful, with higher market cap. If there is something of value in their code that we can implement we should do it.
 
InTheWoods said:
Yeah, I agree.

Doesn't mean we shouldn't investigate what they're doing though.

Let me give you an example. Counterparty forked Mastercoin, now known as Omni and ended up being more successful, with higher market cap. If there is something of value in their code that we can implement we should do it.
Click to expand...

yes you are totally right
key will be to have whatever needed implemented in Evo , as that will be our future
 
That is nothing new. Shadow Cash has been in works for over a year now. Apparently they have incorporated zerocash protocol. They promised anonymous payments, messaging and darkmarkets with support for TOR and I2P in one ecosystem based on shadow cash. I liked that project a while back, but it seems that the development has come to a crawl and not much is happening at the moment.

Ps. Didn't Evan want to buy them out and fuse with that project?
 
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I've gotten this wrong in referring to this with cryptonote, but it actually is an issue with zero knowledge proof. And here is the killer: "It has been suggested that a backdoor, or other features, could be added to the zerocoin protocol to allow police to track money laundering"

As in any attempt to give tools to law enforcement, there is no way that law enforcement will be able to secure such information, and it will undoubtedly get hacked and thus hackers will be able to mess with the coin. It's simply not trustworthy, IMO. Cryptographically clever, sure, but that doesn't make a good coin.

And what about the creators of the coin? What would they do with the initial key that launched the coin?
"Zerocash is not entirely trustless; it has to be initially set up by a trusted entity" (pulled from http://techcrunch.com)

Unless they found a way around this???

Dash is simple, elegant and effective. With Evolution, it will be super fast and a lot less stress on the blockchain size.
 
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10% of all mined coins go to the for-profit company. The for-profit company is funded by the following entities who will want a return on their investment:

e6f16a8a_o.png
 
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