Re:The Zcash Anonymous Cryptocurrency [video]
by anon13 on Monday January 09, 2017 @03:02PM
(#13359324)
Answers below:
1. You will probably be surprised that there are a lot of highly qualified people in the community already.
2. If it is so unproven and so untrusted, please go ahead and break it. Words are cheap, mathematical proof and action is what counts.
3. Remains to be seen who is right on this one and we will see it during the next 4 years when the founders reward expires.
4. Conspiracy theories. Well, there will probably be more setups in the future. May be you want to propose a counter-whitepaper with a better way to do the cryptography setup and even be part of the ceremony itself?
5. Zcash uses mathematically proven privacy. Privacy loving users will use it. Research the tech and then may be you will be inclined and destined to use it too.
2. No, it's not in my hands to do so. The onus is on ZCash to demonstrate this the way any other cryptography is proven: peer review, and time. ZeroCash has little of either.
3. Anyone that sees it as an advantage has no clue about disincentives or game theoretic attacks.
4. The exact point of failure is that they all booted off the same ISO that was provided by one person. Additionally, when an observer at one of the stations had their phone compromised they didn't shut the ceremony down and restart, they just continued. Also, the participants are just Zooko's buddies - who's to say they aren't conspiring together, and merely compromising the procedure for anyone who isn't part of that (e.g. Peter Todd)?
5. If privacy is not the default, and is immensely hard to use (due to the system requirements), it will hardly be used. The entropy of the private system will be restricted to a relative handful of users.