Ask HN: Why are privacy coins like Monero not seeing wide adoption?

Re:Ask HN: Why are privacy coins like Monero not seeing wide... by bestbuyer__ on Tuesday July 26, 2022 @12:14PM (#32240224)

Indeed. But I wouldn't consider ZCash to be in the same category as Monero, not with the way it was pre-mined, the sketchy key ceremony, the developers' willingness to co-operate with law enforcement, and the unshielded-by-default transactions.

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Re:Ask HN: Why are privacy coins like Monero not seeing wide... by godelski on Tuesday July 26, 2022 @01:01PM (#32240879)

I'm out of the loop. Why does it matter if they cooperate with police? That would be like signal's big brother, right? If it is secure then there's nothing to really give them. I did hear they are removing the unshielded wallets and fixing the ceremony process fwiw.

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Re:Ask HN: Why are privacy coins like Monero not seeing wide... by bestbuyer__ on Wednesday July 27, 2022 @04:38PM (#32256565)

Because the main use-case of a privacy coin is for illegal transactions such as drug sales on the dark web, so co-operating with law enforcement entirely defeats the point.

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Re:Ask HN: Why are privacy coins like Monero not seeing wide... by ChadNauseam on Tuesday July 26, 2022 @07:12PM (#32245238)

note that if they lied in the ceremony process, the only thing they could do is undetectably mint zcash. they would not be able to deanonymize shielded transactions

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Re:Ask HN: Why are privacy coins like Monero not seeing wide... by bestbuyer__ on Wednesday July 27, 2022 @04:37PM (#32256546)

That's not a very comforting thought...

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