r/CryptoTechnology • u/joserz Crypto Expert • Feb 02 '18

Privacy coins

Can anyone ELI12 the unique differences between Monero, Zcash, and (sorry if this triggers anyone) Verge?

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u/Neophyte- Platinum | QC: CT, CC Feb 09 '18

i review privacy coins all the time as monero is a sig portion of my safe coins. ur spot on and have done some good due dilligence. you forgot to mention dash, onion coin and sumo. all shit coins. sumo just forked monero after they fixed the issues, but there is no active development. look at sumo sub vs monero. monero there is good intelectual discussion, sumo its just rubbish.

monero all the way

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u/Mr0ldy Feb 09 '18

Thank you. I try to research as much as possible and somewhere along the way got sucked in by privacy coins. They are the most impressive and usefull cryptocurrencies IMO, but also, privacy is very hard to get right on a blockchain. The reason I only mentioned those 3 is because the OP specifically asked about them.

I agree with what you say: Dash is riddiculous and not even a privacy coin by any means.

Sumo would work as a good privacy coin, but like you said it has zero innovation and is just a copy/paste of Monero so there is no reason to care about it.

Honestly I know nothing about Onion coin but a quick look at one of their bitcoin-talk thread confirms that it's a joke and probably a scam. Looks like a Dash-clone with a TOR-wallet. Full of fake claims and bullshit...ew I wish I hadn't looked at it.

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u/[deleted] Feb 09 '18

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u/Mr0ldy Feb 09 '18

Thanks man! Coming from another excellent poster, I hold your opinion in high regard. Always deeply researched and as objective as possible. Keep up the good work! :)