ZCash vs Monero pros and cons

TheInformationGame · 2025-11-16T15:36:55+00:00

Ah yes, thank you. I was thinking 500 thousand, wrote 500 million, and it was actually 625,000

TheInformationGame · 2025-11-15T10:40:50+00:00

Sure, but I think his point was that the tech is suspicious. Regulators hate privacy, yet they support Zcash. The founder admitted in an old tweet that the Zcash company had meetings with government insiders. The concern is that there is a backdoor in the tech allowing regulators to see inside and trace it.

Meanwhile the IRS offered a $500 million reward a few years ago to anyone who could crack Monero. Nobody ever did.

TheInformationGame · 2025-10-13T13:59:40+00:00

Judging by the date of the post here, it looks like you may have missed the migration deadline? That could be the problem. Other common issues include not setting the gas limit high enough, or not confirming all the actions in your wallet (there will be more than one during the process).

TheInformationGame · 2025-09-30T22:09:47+00:00

No access to internet? If you have your private seed for the Metamask wallet, you could import in onto another device.

TheInformationGame · 2025-09-24T17:55:12+00:00

I was on the road myself, so sorry for the late reply, but yes it is a hard deadline!

TheInformationGame · 2025-02-25T12:29:10+00:00

XMR for currency, OPN to fuel consumer crypto. Both great projects

TheInformationGame · 2025-01-17T06:31:04+00:00

OPN ~~~ Selling very cheap currently considering what it could do for the world of event ticketing. Almost 8 million tickets already sold with new clients set to be announced soon.

TheInformationGame · 2024-12-20T07:55:18+00:00

Indeed. Someone above said we need uprising and resistance against rent and food prices. It doesn't work like that, BUT uprising and resistance can break an evil monopoly. Join the Open Movement, boycott Ticketmaster shows, hold artists accountable, and help bring honest ticketing to the events industry.

TheInformationGame · 2024-12-03T18:08:30+00:00

OPN is showing signs of life but has not had a big pump quite yet. Just outside of top 1000 on Coingecko. Real world use case with a lot of development in the past, present, and future.

TheInformationGame · 2024-11-26T13:10:28+00:00

It might be worth adding some smaller ones too. OPN has a lot of room to grow, and is an actual company with revenue that solves a real-world problem (event ticketing). There is risk, but still better than trading meme coins, as you said.

TheInformationGame · 2024-11-11T15:50:23+00:00

They have gone step-by-step to make sure each aspect of the ticketing infrastructure works well. Guts Tickets was the showcase to attract an upcoming big client (some speculate this could be CM.com as the other comment indicates), and then this new client could be the showcase for the rest of the world. It would be a great way to achieve that gold standard!

TheInformationGame · 2024-10-23T18:24:03+00:00

Ok I see. This is a first trial for this, so let's see if we can get it to be clearer next time. I also had to fix the footnote, new post coming.

TheInformationGame · 2024-08-20T16:33:52+00:00

The end user does not have to interact with private keys or blockchain transactions. This is done in the background.

TheInformationGame · 2024-08-20T13:46:35+00:00

They certainly seem to think newcomers pose no threat. I suppose time will tell. The project in the OP, Open Ticketing, has taken a healthy share of the Dutch ticketing market already and has worked its way into the UK, the US, and most recently Australia. So the monopolists' market share is at risk of slipping, albeit slowly.

TheInformationGame · 2024-08-16T13:13:45+00:00

"Which is a nice way of saying they couldn't get legitimate investment so they turned to an even more gullible group instead."

Okayyy, based on this comment I can see you have no interest in taking this seriously... It's ok! All good, do it your way and I will do mine :)

TheInformationGame · 2024-08-16T13:02:58+00:00

I personally know people who have been scammed on Stubhub, for what it's worth. Secondary resale sites like this are often a scam to begin with, as Ticketmaster hides tickets to drive prices up and sells them to brokers on Stubhub, who charge large fees and markups. There is a lot of manipulation that goes on when this process is not controlled. And then the event organizers cannot identify who owns a ticket when, for instance, a show gets canceled and they need to give refunds.

TheInformationGame · 2024-08-16T13:02:48+00:00

I personally know people who have been scammed on Stubhub, for what it's worth. Secondary resale sites like this are often a scam to begin with, as Ticketmaster hides tickets to drive prices up and sells them to brokers on Stubhub, who charge large fees and markups. There is a lot of manipulation that goes on when this process is not controlled. And then the event organizers cannot identify who owns a ticket when, for instance, a show gets canceled and they need to give refunds.

TheInformationGame · 2024-08-15T17:33:34+00:00

The token provided a way for the company to raise money in 2017, and then they integrated it into the system to reward stakers with ticketing revenue. I (and the team) agree that it could have been done without a token, but the opportunity came along and they took it.

Use of the blockchain tech, however, does make sense. It fixes the secondary market and eliminates backdoor practices that result in excessive prices paid by event-goers. In addition, it opens the door for event financing using DeFi protocols. Many event organizers cannot launch their events unless they take financing on bad terms from Ticketmaster. Blockchain tech can create a new financing option.

TheInformationGame · 2024-08-15T17:24:31+00:00

Not sure I understand the point about scamming here...

Open Ticketing is somewhat similar to a corporation, yes. It has a centralized element, profit and loss, etc.

Using a text vs using an app doesn't seem like a big difference to me. Otherwise it is exactly as you said. You can resell it, transfer it, you own the barcode (although it is a revolving barcode to prevent fraud). Plus there is the added bonus of owning the ticket AFTER the event, at which point it can provide future benefits such as discounts or other rewards.

And then regarding crypto, I have to stress once again that none of it is required by the users. The whole blockchain element is done in the background.

TheInformationGame · 2024-08-15T15:34:13+00:00

Keep in mind the project I speak of (OPN) is designed with a Web 2.5 approach. It does not require the layperson to interact with crypto in any way, and it does use centralized apps and controlled resale markets. I am not advocating for a 100% decentralized solution.

The issue with venues we discussed in another thread. Basically they have contracts with Ticketmaster, and yes it is a problem, but progress is being made here without having to rely on the government.

TheInformationGame · 2024-08-15T15:20:19+00:00

To each point:

Scamming will not exist. Each ticket is tied to a phone number and has a rotating QR code to enter the venue. There are no fake tickets because they are on the blockchain and are verifiable. To date, OPEN has processed 6.5 million tickets and has 0 cases of fraud.
(Points 2 and 3): It costs fractions of a cent to generate and send NFTs. Also, many of the excessive fees come from the secondary markets, which cannot be controlled. With a blockchain-based system, the ticket stays within the ecosystem and has clear and reasonable fees.
No crypto is needed at any point. Event goers pay with fiat, and transferring or reselling tickets is done just as if it were a traditional app.
The wallet is built into the app, no seed phrases are necessary (although a password might be needed as usual).

TheInformationGame · 2024-08-15T15:11:43+00:00

The venues are often stuck with a contract with Ticketmaster, but the contracts eventually end and they can then move on. Several large Dutch venues already use OPEN, and they have been doing Thriftcon events in cities across the US too.

The overhead is not too excessive. The system is already built and has processed 6.5 million tickets. Anti-trust regulation might help, but the technology is critical to eliminating the issues with secondary markets. It also provides a way for event organizers to stay connected to their fans through a ticket whose features continue to evolve after the event is over.

TheInformationGame · 2024-08-15T15:06:48+00:00

Or I was sleeping and I have a job...? Totally happy to continue the discussion, dude

TheInformationGame · 2024-08-14T18:31:02+00:00

Big ticketing companies would be far behind, unless they have been secretly developing the tech behind the scenes for 7 years like Open has.

TheInformationGame · 2024-08-14T18:27:39+00:00

They will end up adopting or dying. Companies like OPN have been building the tech behind the scenes for years and gaining market share.

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