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A comment on ZCash Will Be a Truly Anonymous Blockchain-Based Currency. Parent comment

Re:ZCash Will Be a Truly Anonymous Blockchain-Based Currency by stale2002 on Tuesday October 25, 2016 @03:35PM (#12790965)
How do they actually know that you have millions though?

Imagine the opposite scenario. The government thinks you have millions, but you genuinely do NOT have that money. How do you prove to the government that you are innocent and don't actually have the money.

You can't. You, an innocent person, are indistinguishable from a person who actually DOES have millions hidden away in crytocurrency.

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Re:ZCash Will Be a Truly Anonymous Blockchain-Based Currency by bryondowd on Tuesday October 25, 2016 @05:08PM (#12791660)
Well, this only holds so far as you live like someone who doesn't have millions hidden away. It would be difficult to turn this hidden currency into an appreciable lifestyle improvement in a way that wouldn't be observable and result in an audit that could prove that your observed expenditures exceed your claimed resources. At best, you could make a bunch of minor improvements that aren't easily observed.
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