zcash is better for privacy, but monero is more widely accepted.
With the latest Zashi wallet for zcash, it became much easier to use, private transactions are default.
The 21m cap on zcash kinda convinced me to learn more about it, I dont like the infinite no cap supply on monero...
On the privacy aspect, what gives Zcash the advantage?
Just different tech. The transaction inside the shielded pool give out 0 information (zero knowledge proof crazy math stuff).
Monero relies on decoy transactions, much less private, more attack vectors for snooping, but there is an upgrade coming (onchain membership proofs) that will bring monero closer to zcash privacy wise...
Everything you're saying only applies to z-2-z shielded transactions - not Zcash generally. The ecosystem needs a lot of work before that happens. Most merchants only have t-addresses. They should've went privacy by default with optional transparency.
Vast majority of transactions are 100% visible.
Yes, thats what I meant by inside the shielded pool, z-2-z. I agree with you that a lot of work is needed still.
To comment on the t (transparent addresses), I personaly like that they exist, it gives more flexibility. If a merchant only accepts t and you send from z, you still have sender privacy if you are doing it right. If you just buy zcash, shield it and then spend the whole amount at a merchant to a t address then of course you didn't do much, since you are exposed the in/out timing/amounts. But if you bought 100zec today, shielded it, then a week later bought a coffee for 0.01zec, spend it to a t address, your privacy is on another level. So there is a big difference if you just make a "hop" through zcash or use the ecosystem long term. Same would apply to monero.
So its not black and white, none of them is magic privacy, you still have to know what you are doing...
You like Zcash dev tax?
In the beginning I hated it, I supported the zclassic fork and later on the zen (horizen) forks, that ditched the dev tax. But today, seeing all the magic zero knowledge stuff they developed, I could say the dev tax was a good idea. Also since zclassic is gone, zen also just became a base token, ditching the privacy stuff. I guess it was a good idea to fund all this development...
