Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-08 Thread George Violaris
On 10/7/2017 8:20 AM, James A. Donald wrote: Scaling, however, is the hard problem.  Making enormous amounts of storage actually useful and effective is the problem.  The amount of storage per client is absolutely insignificant.  The amount of bandwidth per client is absolutely insignificant. 

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread juan
On Sat, 7 Oct 2017 00:56:29 +0300 George Violaris wrote: > On 10/6/2017 10:13 PM, juan wrote: > > well supposedly the lightning network will add more capacity > > Supposedly, LN will allow nodes to store only the transactions that > concern them. Which to me sounds like a way to mess with the

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread James A. Donald
On 06/10/2017 21:36, George Violaris wrote: On 06/10/2017 2:01 PM, James A. Donald wrote: Suppose a cryptocurrency substantially replaces the US dollar and the existing banking system, and suppose we need to keep a year or so of transactions in active storage. How many transactions are full p

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread George Violaris
On 10/6/2017 10:13 PM, juan wrote: well supposedly the lightning network will add more capacity Supposedly, LN will allow nodes to store only the transactions that concern them. Which to me sounds like a way to mess with the original double-spend prevention mechanism. What if the nodes witnes

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread juan
On Fri, 6 Oct 2017 14:36:23 +0300 George Violaris wrote: > > Bitcoin doesn't scale AT ALL. well supposedly the lightning network will add more capacity

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread George Violaris
On 06/10/2017 2:01 PM, James A. Donald wrote: Suppose a cryptocurrency substantially replaces the US dollar and the existing banking system, and suppose we need to keep a year or so of transactions in active storage. How many transactions are full peers going to need to store? Or to say the s

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-06 Thread James A. Donald
On 06/10/2017 16:03, George Violaris wrote: I believe the issue with this, such as in Bitcoin and any coin, is that the blockchain eventually grows to an enormous size. It's all nice when it's at around 200GB of data and it only takes a few days to synchronize to the network. But think about a

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-05 Thread George Violaris
On 06/10/2017 8:31 AM, James A. Donald wrote: Generating this proof is inconveniently slow, and the data that has to be stored is inconveniently on the fat side, but verifying it is reasonably fast. I believe the issue with this, such as in Bitcoin and any coin, is that the blockchain eventua

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-05 Thread James A. Donald
On 05/10/2017 20:30, George Violaris wrote: In short my question is, how does zero knowledge proof compare to ring signatures employed i.e. by Monero? A proof is created that previous transactions equivalent in value were marked as consumed, without revealing which ones. Generating this proo

Re: Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-10-05 Thread George Violaris
On 01/10/2017 7:42 AM, grarpamp wrote: Rethreading these two former threads into a more General: Item... 1: Zerocash: Addressing Bitcoin's Privacy Problem GoogleTechTalks 2: Why I can't sleep soundly with blockchain, being the cypherpunk ## https://zcoin.io/zcoins-privacy-technology-com

Cryptocurrency Privacy: Evolving... Zerocash (ZEC, ZCL, ZEN) vs All Other Coin

2017-09-30 Thread grarpamp
Rethreading these two former threads into a more General: Item... 1: Zerocash: Addressing Bitcoin's Privacy Problem GoogleTechTalks 2: Why I can't sleep soundly with blockchain, being the cypherpunk ## https://zcoin.io/zcoins-privacy-technology-compares-competition/ > Blockchain privacy