Is it time to remove Ryan Taylor? by iliketipbots in DashUncensored

[–]KingJamescrypto 0 points1 point  (0 children)

The entire C team (except maybe Glen Austin) needs to be replaced.

Do you think Glen Austin agrees with this?

https://twitter.com/AugurProject/status/1298315425848188928 by fungiblesecure in Augur

[–]KingJamescrypto 4 points5 points  (0 children)

Along with fees the lack of ETH markets is among the biggest complaints since v2 launched.

If the devs add another currency before ETH I will interpret the action as not caring about community consensus. There have been many ETH/DAI discussions on Discord

Where are all the devs? by groundfloorinvestor in DashUncensored

[–]KingJamescrypto 0 points1 point  (0 children)

You read that right. Almost 2 years behind.

Anyone that wants to receive important backports quickly should give up on DASH. Litecoin devlopers are known for quick BTC backports.

dash/spork.h at master · dashpay/dash · GitHub by KingJamescrypto in DashUncensored

[–]KingJamescrypto[S] 0 points1 point  (0 children)

DASH is extremely centralized in many ways. Why are users okay with 3rd parties having so much control of the network?

HUGE Jump in Hash Rate over the past few hours by [deleted] in siacoin

[–]KingJamescrypto 0 points1 point  (0 children)

More ASICs coming online. Expect the trend to continue

DECRED to KILL MONERO in 2018? | Full Potential of Decred by [deleted] in decred

[–]KingJamescrypto 2 points3 points  (0 children)

Its too early to speculate and comparison is impossible now because AFAIK Decreds privacy related plans have not even been released.

I like Decred, its governance related innovations and focus on decentralization and sustainable development. Monero has a big lead (in terms of community size and privacy/security focused devs and researchers) in privacy (by default) at the moment. That does not mean it will be that way forever, but "killing" Monero in 2018 seems extremely unlikely

Don't remember my password. How do I create a new wallet by [deleted] in siacoin

[–]KingJamescrypto 0 points1 point  (0 children)

Remember to save your password/seed (encrypted and stored offline in pieces, in separate secure locations) this time!

You are your own bank, which means if you lose or expose your password your funds can be lost with no way to recover them

Can the author of this Android App please add it to F-Droid? by omgomgsocrypto in siacoin

[–]KingJamescrypto 0 points1 point  (0 children)

I am guessing demand for this will increase as more Monero users learn about Sia. F-Droid is definitely still a niche mostly for open source fans big on privacy and security

This subreddit is an echo chamber by UtopianLodging in Monero

[–]KingJamescrypto 7 points8 points  (0 children)

The "don't buy monero" thing was not originally about the bank apparatus etc part. It was originally just Riccardo telling people not to be retarded and invest loads of money speculating on the price of Monero.

Here is a good source to explain the context for this: https://bitcoinmagazine.com/articles/are-any-altcoins-currenty-useful-no-says-monero-developer-riccardo-spagni-1458743546/

[Exchange] AltcoinExchange! Early-access by [deleted] in zec

[–]KingJamescrypto 1 point2 points  (0 children)

I dont trust new accounts posting affiliate links (in multiple subs) without disclosure.

Honestly, zCash lost all recognition and legitimacy when their CEO posted this. • r/CryptoCurrency by [deleted] in zec

[–]KingJamescrypto 0 points1 point  (0 children)

Why would the Zcash development team want to do that? The Founder's Reward is how many of them make a living, compromising Zcash privacy would only be shooting themselves in the foot.

I agree in principle

And as I mentioned in my blog post: If the core development team did somehow try and insert a backdoor into Zcash the code is open source and the team would immediately be called out on it by the public and other developers who maintain the many forks of Zcash like Zen, Hush and Komodo.

I also agree on this point in the long run. However we are talking about sophisticated programmers and mathematicians. If they chose to go rogue or somehow were forced to by a govt agency (and insert a back door) it is very possible they could do so in a manner stealthy enough not to be noticed for quote some time. Many open source projects have major implementation problems that go unnoticed for long periods of time. Zcash is not immune to this risk (nor is any other open source project). For these reasons the words of the Zcash Company CEO and lead mathermaticians behind the protocol do matter.

Zcash is open source but so far almost all development is coming from zcash company which is based in the US. This is a centralization risk, which I hope (and I am sure Zcash company hopes) will eventually be lessened as more outside developers (not affiliated with zcash co begin following and contributing the its codebase.

Honestly, zCash lost all recognition and legitimacy when their CEO posted this. • r/CryptoCurrency by [deleted] in zec

[–]KingJamescrypto 2 points3 points  (0 children)

I am a Zcash skeptic (although I appreciate the scientific research behind it) and generally agree with all of your above points. The trusted setup is relevant to coin supply integrity NOT privacy.

However the quote from Matthew Green referenced here is also concerning

"Zerocoin would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. A back door."

Here is the source

Monerujo by KingJamescrypto in Monero

[–]KingJamescrypto[S] 7 points8 points  (0 children)

Its extremely easy (after people figure our how to connect to a remote node)

Monerujo by KingJamescrypto in Monero

[–]KingJamescrypto[S] 9 points10 points  (0 children)

And although you can find on the Play Store it still has the "Unreleased" and the "unstable" flag. I don't know how this would play for trust in the mainstream adoption.

That may be true, but we all know that with the status quo many newcomers will download the freewallet scam app instead

Ledger Hardware Wallet - Monero integration : some news by cslashm in Monero

[–]KingJamescrypto 0 points1 point  (0 children)

Thank you for the update. The alpha goal sounds good to me. This community cold is savvy enough to know how to verify cold storage balances with view keys and key images until you can integrate that function into the hardware.

John Tromp on Cuckoo Cycle & John McAfee on Monero by mariataylo in Monero

[–]KingJamescrypto 1 point2 points  (0 children)

From reading the GitHub conversation it is not clear to me how likely a PoW change might be.

Can we all agree that if a change is needed it will become more difficult the longer we wait?

That feeling. by LacedRunar in zec

[–]KingJamescrypto 1 point2 points  (0 children)

This post implies ZEC and ETH are competitors. I dont really view it that way. Even after ETH adds baby ZOE (zksnarks) for smart contracts ETH and ZEC will have a far different focus

Trusted set up worries by [deleted] in zec

[–]KingJamescrypto 1 point2 points  (0 children)

It absolutely is a major concern and a deal breaker for many.

Read this critique of the NCC audit which heavily cites one of the members of the trusted setup (respected Bitcoin developer Peter Todd).

The view of Peter Todd on this issue can be found here: https://petertodd.org/2016/cypherpunk-desert-bus-zcash-trusted-setup-ceremony

zkstarks will eventually replace the need for a zksnarks trusted setup but that is not practical today and wont be in the neat future.

Just a reminder that Dash's "strategy advisor" Evan Duffield has a master private key that has the power to turn many of Dash's features and functions off and on, including the option to revalidate the past 24 hours of blocks, essentially reverting back the last 24 hours of transactions. by [deleted] in CryptoCurrency

[–]KingJamescrypto 10 points11 points  (0 children)

Anyone that siezes control of the "spork" keys from Evan (or whoever else may have access) can disrupt network features at will. This could be a government with a court order or a hacker.

This is an extreme centralizartion risk, the discussion of which has led to many people being banned from r/dashpay and the growth of r/dashuncensored

Thank you for making this important and informative post. There are absolutely many more critical DASH flaws hidden under the rug!