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    Author Topic: Bitcoin blockchain vs Privacy coins..  (Read 420 times)

    • Lizzylove1
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    April 30, 2019, 02:53:21 PM
     #21
    I really don't think incorporating privacy to our daily workflow like voting, drug distribution and office purchases using the Zerocoin protocol and RingCT will be a good idea, since the zerocoin uses the No-Knowledge-Proof, by which the input, output and the inputted datas are not visible to the public, which is used by the Zcoin. Well if we employ this in normal workflow, it will destroy evidence. It's okay to have some class of coins in privacy mode.

  • teddyelwyn
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    April 30, 2019, 05:33:22 PM
     #22
    Bitcoin will forever be a strong and highly supported blockchain because of the amoount of people who are invested in it. I really respect all these privacy coins coming out especially in terms of daily transactions. There is also the new Elixxir instant messaging and payments platform which is encrypting metadata. Will be interested to see how they integrate a privacy coin

  • LeGaulois
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    April 30, 2019, 08:51:56 PM
     #23
    I belong to people who think Privacy should have been a default feature with Bitcoin. Perhaps something like 2 addresses. 1 for anonymous tx and 1 for pseudo-anonymous tx. Unfortunately, things are like that and are not going to change. But if someone is looking for real privacy this is where come mixers and privacy coins.

    I am still surprised to see people saying Bitcoin is already anonymous and blah blah blah. I can see that there are a lot of people who don't understand what is privacy, financial privacy.
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  • Romeoetin (OP)
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    May 04, 2019, 07:58:51 PM
     #24
    Quote from: LeGaulois on April 30, 2019, 08:51:56 PM
    I belong to people who think Privacy should have been a default feature with Bitcoin. Perhaps something like 2 addresses. 1 for anonymous tx and 1 for pseudo-anonymous tx. Unfortunately, things are like that and are not going to change. But if someone is looking for real privacy this is where come mixers and privacy coins.

    I am still surprised to see people saying Bitcoin is already anonymous and blah blah blah. I can see that there are a lot of people who don't understand what is privacy, financial privacy.

    Yes this is exactly what I meant. The concept of two addresses. Users can choose what suites them at the point of transaction as regarding the kind of privacy the want the transaction to have. I do hope someday a network update will incorporate this feature.

  • Romeoetin (OP)
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    May 04, 2019, 08:04:32 PM
     #25
    Quote from: teddyelwyn on April 30, 2019, 05:33:22 PM
    Bitcoin will forever be a strong and highly supported blockchain because of the amoount of people who are invested in it. I really respect all these privacy coins coming out especially in terms of daily transactions. There is also the new Elixxir instant messaging and payments platform which is encrypting metadata. Will be interested to see how they integrate a privacy coin

    I am for the fact the bitcoin blockchain originally proffered solutions to anonymity of transactions as regard the transaction financial system. But is it really anonymous. Anyone, I mean anyone who knows your wallet address can monitor the amount of input and output you make from your wallet. The worst of them all is the ethereum blockchain. If a family or friend knows your wallet address, they can basically monitor your activities which defies the concept of anonymity of transactions.

  • Romeoetin (OP)
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    May 04, 2019, 08:18:13 PM
     #26
    Quote from: Wakhid Mukti on April 30, 2019, 01:14:34 PM
    Quote from: Romeoetin on April 29, 2019, 03:31:30 PM
    I recently got to know about the existence of privacy coins and what they mean. I can imagine why anyone will be interested in its usage being that it's offer more anonymity that the bitcoin ledger. But can such implementation be incorporated into the bitcoin blockchain and make it as a choice for those that don't what input and output be publicly viewed on the blockchain?

    Bitcoin itself is already privacy, I think the anonymity of Bitcoin is enough even though it's not like the monero and dash (because indeed these 2 coins are privacy coins). If you want to add this, it is related to the implementation of options for those who do not have public input and output on the blockchain that requires hardfork as @ETFbitcoin says.
    It would be better if the Blockchain BTC stays like this so that everyone can monitor.
    I love BTC like this, its more than enough.


    I understand why you would love the current bitcoin network this way. I do too. But I think for the bitcoin maximalists who do not want go outside the bitcoin blockchain to make use of options that features to either make a transaction completely anonymous or default.

  • Romeoetin (OP)
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    May 04, 2019, 08:21:16 PM
     #27
    Quote from: altscoinex on May 04, 2019, 08:06:29 PM
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    This is neither the right place or the right time to post this. Please don't spam this thread. Advertise your exchange somewhere else. Thank you.

  • olamidey
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    May 04, 2019, 08:48:16 PM
     #28
    I know there will be increase in demand for privacy coins. Though bitcoin has not been much of a privacy as compared to monero, dash, veil and the likes. A lot of people still want their transactions private so the privacy coin will come in handy for them

  • Romeoetin (OP)
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    May 04, 2019, 09:30:13 PM
     #29
    Quote from: olamidey on May 04, 2019, 08:48:16 PM
    I know there will be increase in demand for privacy coins. Though bitcoin has not been much of a privacy as compared to monero, dash, veil and the likes. A lot of people still want their transactions private so the privacy coin will come in handy for them
      yes true. Hello sir. Are you by chance a Nigerian of the Yoruba ethnicity? Just curios. The name is peculiar to the Yoruba people of West Africa.  Smiley

  • magneto
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    May 05, 2019, 10:57:07 AM
     #30
    Of course it can be implemented in the bitcoin blockchain through a fork, if there ever comes to a time where the fungibility of bitcoin is under threat. Perhaps due to exchanges potentially blocking certain inputs or tainted coins in the future.

    But I doubt that it'll happen any time soon, because there simply isn't really a reason at the moment to do that.

    Plus, for niche users that are privacy centric they are most likely just going to use the existing privacy coins until the demand for such a feature for bitcoin arises. BTC is already irreversible, and pseudo-anonymous, which for its purposes right now is sufficient.

  • naufals4
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    May 05, 2019, 01:49:39 PM
     #31
    Quote from: Romeoetin on April 29, 2019, 03:31:30 PM
    I recently got to know about the existence of privacy coins and what they mean. I can imagine why anyone will be interested in its usage being that it's offer more anonymity that the bitcoin ledger. But can such implementation be incorporated into the bitcoin blockchain and make it as a choice for those that don't want input and output to be publicly viewed on the blockchain?
    yeah bitcoin isn't privacy coin in the cryptocurrency. bitcoin use block can be easily trackable but with this blockchain technology the transactions that we have we can easily track it, so bitcoin is not 100% privacy coin.

  • Romeoetin (OP)
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    May 06, 2019, 10:33:47 PM
     #32
    Quote from: naufals4 on May 05, 2019, 01:49:39 PM
    Quote from: Romeoetin on April 29, 2019, 03:31:30 PM
    I recently got to know about the existence of privacy coins and what they mean. I can imagine why anyone will be interested in its usage being that it's offer more anonymity that the bitcoin ledger. But can such implementation be incorporated into the bitcoin blockchain and make it as a choice for those that don't want input and output to be publicly viewed on the blockchain?
    yeah bitcoin isn't privacy coin in the cryptocurrency. bitcoin use block can be easily trackable but with this blockchain technology the transactions that we have we can easily track it, so bitcoin is not 100% privacy coin.
    yes I know this. It was exactly why I created this thread. Do you have any idea as to how the bitcoin blockchain can get the privacy we do desire?

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    May 06, 2019, 10:37:01 PM
     #33
    Quote from: jak3 on April 29, 2019, 08:58:23 PM
    More Privacy!! Seriously bruh? do you know why I have started hating this term now because I do not care about privacy and I think I have taken enough precautions that no one can hack my private keys easily? Do you know why the banking system is still alive, its, because they provide privacy and security  Grin ( hope u got the joke?). Common why will anyone gonna need any more privacy, do u care to provide some links to this new coin!
    Yes a lot of people actually care about more privacy. No one should be able to know your personal transaction details by simply knowing your wallet address.

  • kerneal
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    July 01, 2019, 05:28:50 PM
     #34
    I literally know one and only one person personally who is libertarian/anarchist who is pro BTC at this point, to hundreds who used to be but got turned away by constant bans and trolls and absence of all reason. Cults are unbecoming. I owe BTC and I trust more projects like Credits.
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