this post was submitted on 12 Nov 2024
263 points (98.9% liked)
Privacy
32456 readers
556 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm glad they mentioned Monero in the article, but sad that they mentioned it alongside Zcash since Zcash is not private by default and not many people opt into the privacy and Zcash has shown willingness to be bad to their users by helping exchanges. Primarily because they are run by the Electric Coin Company, which is registered in the United States, and therefore they have to obey the laws of the United States. So, Zcash is not a good option.
Shielded addresses & transactions are private using zero-knowledge proofs like Monero. You can also have transparent addresses & transactions like how Bitcoin operates on Zcash as well which is true. But there isn’t a default, some wallets autoshield by default making your comment misinformation.
Some wallets shielding their transactions by default is still not nearly as strong as everything being shielded by default at the protocol level, but they couldn't have that because then they would not be on exchanges.
It does add a level of convenience for the type of transaction you might want to actually be tracked all being on the same currency. Most don’t even offer the option. Zcash can do the thing—it’s just not the only way.
Monero has view keys for exactly this reason, so that if you need to make a transaction public for like an audit or something, you can do so. But on the protocol level, absolutely everything is always private.
That’s good too. Not a Monero hater or a Zcash fanboy—I just think we need to be honest about the capabilities even if the methods of getting there are different.
I also have not seen Zcash accepted as payment nowhere nearly as frequently as Monero.
Same