We investigated that pretty thoroughly, for a couple of months after the sidechains paper came out. We ultimately decided not to go ahead with it, because sidechains aren't here yet! Bitcoin is currently incapable of accepting inbound transfers of value from a sidechain.Has there been any research into doing zcash pegged 1:1with bitcoin to avoid having to compete with bitcoin's liquidity and allow both technologies to grow together?
The high-level answer is like this:To my question, can you explain at a high level or in laymen terms what makes zcash more anonymous or untraceable than bitcoin? What properties does it have and how is it able to achieve anonymity?
So much. Bitcoin was and is a revelation. We've all learned so much from Bitcoin, both about what we formerly thought was technically impossible, and about what people value and care about.What did you learn from Bitcoin?
I sure hope so! We're engineering it for that! But, like Bitcoin, Zcash is an experiment in making something new that never existed before, and we can't know what the results of an experiment will be before we do it.Can Zcash remain decentralized?
After you posted that question, but before the AMA began, I posted this new blog post about it: https://z.cash/blog/funding.htmlWill there be ICO? If so - whats planned to raise in it?
I am afraid you have not understood the horrific technical implications of sidechains. I believe you do not yet understand well block chain consensus issues. I may be mistaken about what you do and don't know, but based on that you didn't admit that sidechains are fundamentally flawed, then this is troublesome. I am not trolling you. Smooth and I and others at Bitcointalk.org have analyzed this issue.We investigated that pretty thoroughly, for a couple of months after the sidechains paper came out. We ultimately decided not to go ahead with it, because sidechains aren't here yet! Bitcoin is currently incapable of accepting inbound transfers of value from a sidechain.Has there been any research into doing zcash pegged 1:1with bitcoin to avoid having to compete with bitcoin's liquidity and allow both technologies to grow together?
I definitely think of Bitcoin and Zcash as more cooperative than competitive. In the medium-to-distant future we might integrate with each other by techniques like sidechains or embedded-consensus. In the short-term Atomic Cross Chain Swaps are already possible, and that's the chain-linking technology that I'm most excited about because it is already here.
We're focused on launching the live, permanent, secure Zcash blockchain as soon as possible. There is a ton of engineering work left to do — security and privacy hardening and auditing, performance tuning, RPC API improvements, etc. etc. I currently estimate that the real, permanent genesis block will be live in July of this year.How soon could we be able to buy zcash?
Testnet only: https://github.com/Electric-Coin-Compan ... i-get-someAre there any nodes running zcash core? Is there only a testnet or also a mainnet? Node count? Blockchain explorer? Binaries? Will you be doing a branch off of 0.12.0 as well?
Please see my earlier reply in this thread. Maybe Zcash and Bitcoin can grow into each other in the future.Thoughts on zcash as a sidechain in the future?
Yay! Thank you! First of all I'd ask you to join our community, educate others, facilitate constructive and friendly conversation. Second, start figuring out how to integrate Zcash into your business, products that you use or would want to use, etc., and communicate to us and to the rest of the community what would be required to make that work.What could I (or other people interested in helping) do to help zcash? Serious question. I am interested in helping.
There's a forum: https://forum.bitcoin.com/How does the zcash community best communicate? What forums/channels? Is there a slack channel we can join?
Good question! I'm scheduled to speak at Consensus 2016: http://www.coindesk.com/events/consensus-2016/Will you be speaking at any upcoming events? Are there any dates we should put on our calendar?
I love this question. ☺ I was entranced and sucked in by Bitcoin pretty early. A post about it on my blog is probably one of the earliest posts about Bitcoin: https://web.archive.org/web/20090426214 ... oney%5D%5DI've wondered this for a long time:
You were in the cypherpunks group, involved in digicash, mojo nation (we tallked then btw), then involved with other stuff.
Then the digital cash dream appeared in 2009. Why weren't you entranced and immediately sucked in?
Very few of the original cypherpunks seem to have entered the space and that surprises me.
http://freedomfest.com/Where *should* I be speaking to reach the most people who care the most about privacy and security in an open and permissionless financial system?
It is quite unfortunate to read you've only raised $1 million in exchange for 11% of the coin supply. Ethereum raised several $millions and with my endorsement surely you could have raised well in excess of $1million for 10% of the coin supply in an ICO where the coins would be more widely and fairly distributed amongst many speculators who then promote your coin for free!UPDATE: I just posted a blog post describing the corporate structure and funding model: https://z.cash/blog/funding.html
I was on the cypherpunks mailing list, where we were inventing all kinds of ideas about how pseudonymity could protect people from the threat of coercion while still preserving reputation and accountability. I decided I'd try it out — practice what I preach — so I made up a completely arbitrary string "Zooko", chosen to be unique so that could kibo for it, and to be easy to pronounce.1: Zooko is rare name. Where does it come from?
21 million! See the blog post I just posted this morning: https://z.cash/blog/funding.html2. How many Zerocoin will be distributed?
In the current testnet it is unchanged from Bitcoin, but we plan to change it before launching the real blockchain. I'm planning to choose a memory-oriented Proof-of-Work, and a RAM-oriented one instead of GPU-oriented one, if we can find one that fits into all of our security and engineering requirements.3. Can you give us some details about mining-algo and so?
I care deeply about personal privacy, personal and organizational security, and about the decentralization and sharing of power.I'm interested in reading your goals and motivations for taking on anonymity in general or anonymous digital cash specifically as your priority project?
Yes, I have. I have followed that kind of development pretty closely for a long time. Since the original "Crypto Wars" in the 1990's, in fact.Haven't you seen the new laws coming (eventually in all Five Eyes countries I've heard from reliable sources) that will ban end-to-end encryption?
In Zcash, the creator of each individual transaction gets complete control over who can view the contents of the transaction. This is accomplished by each transaction being individually encrypted by an encryption key known only to the creator and the recipient.To that end do you expect to support a viewkey or other way that users individually or a global backdoor, so that Zcash can be compliant…
As you probably know, it is damned hard to predict how long it takes to finish software engineering work. It is, if anything, even harder with security and privacy engineering than with anything else. So, I'm probably wrong, but I think we'll have the real permanent blockchain ready to launch in July of this year.1. When do you propose the full launch of zcash will be?
There is currently no way for the public to acquire Zcash before the launch. See also: https://z.cash/blog/funding.html2. Will there be a genesis block available pre-launch to the public?
3. Where do we buy zcash from?
I don't know yet. Write to your favorite exchange and ask them to support Zcash. ☺ And tell me what they say.4. Which exchanges will zcash be available?
Yes, there will be exactly 21 million Zcash: https://z.cash/blog/funding.html5. Is there a hard limit to the amount of coins produced for zcash?
Hello! Pleased to meet you, SOF. What country do you live in?Good morning from Southeast Asia.
This seems to be a question about Bitcoin, rather than about my project, Zcash, but nonetheless I'm very interested to hear about it. In principle, it would be possible for you to run a full node on your desktop, and to use your basic phone to communicate with your desktop in order to learn about incoming payments and initiate outgoing payments.I would like to ask what are the options left available for a bitcoin user who doesn't use a smartphone and sticks to older generation 2G type basic phones without cameras and internet Wi-Fi for QR codes (for personal reasons like budget, wants to avoid the stronger wifi radiation or doesn't want to become a smartphone addict) and his wallet is limited to his desktop PC.
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