A faster, more efficient cryptocurrency

Re:A faster, more efficient cryptocurrency by eastendguy on Monday February 18, 2019 @11:57AM (#19192056)

My favorite future use case is electronic cash with privacy.

There are many LEGAL activities that people do not want to show up in a central database. For example, think of many things related to love and relationships.

"tantamount to waiting for a greater fool to buy out the current players" <= this is like investing works in general, or? ;-)

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Re:A faster, more efficient cryptocurrency by jackfraser on Monday February 18, 2019 @12:06PM (#19192128)

There are also plenty of legal efforts (e.g. free political speech) that are actively being shut down by payment processors of all sorts; these need some means of sustainment and crypto has provided what is needed.

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Re:A faster, more efficient cryptocurrency by pjc50 on Monday February 18, 2019 @12:03PM (#19192103)

> many LEGAL activities that people do not want to show up in a central database

Unfortunately cryptocurrencies aren't just a central database they're a distributed database - all transactions are public. You can try using a tumbler service but since these are obviously money laundering havens they're not going to last long.

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Re:A faster, more efficient cryptocurrency by pepesza on Monday February 18, 2019 @12:07PM (#19192136)

Monero, Zcash, Grin. Three designs that are based on different cryptography - all three giving user full privacy.

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Re:A faster, more efficient cryptocurrency by DINKDINK on Monday February 18, 2019 @05:22PM (#19195035)

>all transactions are public

Not the case, see payment channels.

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