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alvarosm | 9 years ago
In practice Zcash/zcoin (different tradeoffs) are of no use to you unless you are willing to go the extra mile to hide something (criminal activities and such). There's no point in paying for the extra effort for normal transactions.
nickik|9 years ago
Maybe even if I don't need the anonymity now, maybe in 10 years I will, and then I don't want to start using them because that change provides information.
detaro|9 years ago
EDIT: found some data in the ceremony report linked elsewhere in this discussion: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trust...
petertodd|9 years ago
The problem is verification of private transactions is very slow by cryptocoin standards, and verification is something that every full node and miner must do. Zcash would fail if private transactions were used in large numbers, as blocks would take too long to validate for mining to remain decentralized; Bitcoin transactions are a few orders of magnitude faster to validate, with a 4x more conservative block interval and 2x smaller blocksize, and the Bitcoin dev community has had to make heroic efforts to further optimize validation.