monero is definitely the least scammy out of the privacy coins. zcash is a complete scam.
Discussion
tell me more
from what i know, zcash is optional privacy where monero is private by default; i have also heard that zcash is being pushed by bad actors because it's easier to regulate/be compliant with
I'm aware of those aspects but don't see how that (or the early bugs and founding company) necessarily make it a scam nowadays. The zk tech seems pretty promising to me.
it's centralized both in development and mining (https://miningpoolstats.stream/zcash), zcash launched with a 20% dev tax, every time it pumps it enriches those that skimmed coins to themselves, then they dump it all on the market
the "scam" may have funded the "promising tech", but unless you like getting poor buying zcash is not the best approach
https://en.wikipedia.org/wiki/Zcash
in counterpart monero is not a scam because everyone that gets monero only issues it fairly via mining, competing with everyone else in the same game, and it does not have a corporate structure and anyone can mine or develop for monero at any time, it may not evolve as fast or produce cutting edge tech, but it manages to deploy what already works best for a private blockchain without any leadership direction
Also, Monero does produce cutting edge tech. E.g. https://bounties.monero.social/posts/168/4-164m-gamepad-controlled-cryptographic-multitool-with-offline-wallet-address-generator
woah cool
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That makes sense, thanks. Also, I tried to zap you but got a CORS error.
I know Zcash is shady but how would you put it for normies?
Not asking for myself. It gets detailed to dissect Zcash, and hard to explain why it's scam to the normies.
Monero is THE second best.
based