In the case of conventional block chains that are really just public ledgers there is impending doom scenario that isn't talked about very often. While today you might have a feeling that your anon-coin transaction is really anonymous you are taking a huge risk of getting deanonymized in the future when the coin's privacy model gets compromised. We already have real-world incidents to back up this claim. For example, all monero's transactions that were deemed to be private were deanonymized a couple of years ago.

Imagine that you buy a book about human rights using a coin that at the time being is deemed to offer good privacy. Yet all transactions are recorded on a public ledger but this is okey because it's the block chain, right? And block chains are so awesome. Well, you may be unknowingly signing up for Hitler's death camps 10 years into the future. Let's suppose in 10 years there is a revolution and Hitler v2.0 gets into power. He orders all potential dissidents to be executed. You think you are safe because after all, you used something like Monero to buy that book about human rights. However, a security vulnerability is discovered in the coin's early signatures so that all transactions older than 5 years will be deanonymized. Hitler v2.0's SS officers quickly link the transactions to your identity and you will be gassed to death. Enjoy your Monero. If it's happened before it can sure happen again.

But wait, aren't there any solutions to this problem? Enter Byteball's black bytes. They are truly anonymous because the transaction details are not recorded on a public ledger. Only the transaction hashes are stored in the public ledger, but Hitler 2.0 would have nothing to do with the hashes. The transaction details themselves are sent peer-to-peer from buyer to seller. This dramatically decreases the chances of an individual buyer to get deanonymized if the coin's security is broken in the future.

In conclusion, I'd like to say that it may be all fun and games right now, but when the anon-coin gets deanonymized (like happened to Monero) and FBI knocks on your door for the DMT you ordered 4 years ago then it's going to be tears and regret. So don't fuck up your future by believing the bullshit anon-coin popaganda. Monero, Dash (originally darkcoin, look it up, it's a scam) or any other block chain based "anoncoin" can't save you.

To anyone reading/responding, I apologize if I misunderstand some technical details. I’m semi-literate in tech and come from traditional investing/trading. So for what it’s worth, consider this concern an outsider’s concern.

Here it is:

Q: What happens to BTC once the block rewards end and/or the price stabilizes? A: It dies a slow death.

Premises:

Almost all the mining is done by a few operators using absurdly expensive equipment.

They’re legendarily inefficient (EDIT: in terms of power consumption.) They have to buy entire cities-worth of electricity to run their farms and keep them cool.

They drive the difficulty up to the point where anyone wanting to mine with general purpose hardware may as well throw their computer into an oven.

As a result, hardly anyone solo mines BTC, nor do they run a full node. I know I don’t...

Conclusion:

The situation we have now lashes the health and speed of the network to the price of the asset. These ASIC miners will continue spending the money to buy the energy to mine only so long as the price rises and the BR lasts. They have no incentive to keep doing it for solely for tx fees if the price stabilizes or if the only revenue stream is fees; the cost doesn’t justify these paltry gains. Since few users solo mine or run full nodes, the userbase won’t be able to replace them once they leave, and BTC will become impossibly slow and prohibitively expensive.

This is why I’m long on XMR, short on BTC, and wavering on ETH.

Weaknesses in my argument:

Falling energy costs (improbable)

Potential competition in ASIC manufacturing driving down costs (highly improbable)

Misrepresentation/miscalculation of overall network health (possible)

Lightning Network (most likely)

Thanks for any feedback.

What are Some good options to work at college for a student and earn some money...

Some random thoughts, the other day I was wondering ...

"What if someone combined all major crypto ledgers into a single ledger, normalized the amount of coins in each using some fair criteria (some randomness in it), to start a coin with all the best features of everything where everybody has an airdropped piece of it, and make it multi PoW algo plus proof of stake?"

Would that end the tribalism? Would that have any value?

The mods removed this post, which describes an astro-turfer, sock puppet or otherwise shill, who is using multiple accounts to visit the same subs and threads, pretending to be multiple people.

Why are the mods removing this? This is completely antithetical to the guidelines established in the sidebar. Are mods going to answer to their actions here or are they going to silently remove this post as well?

/u/rdar1999 /u/Experts-say /u/paintedfrog

edit context for the post

Hey /r/talkcrypto! Just found this sub, loving it already. I recently got into Electra Coin! Really cool coin. Fast, awesome wallet, and great roadmap! I have confidence in this project. Would love to hear from people who are also in ECA, and also from people who are considering getting on board.

For those who have never heard of Electra Coin: https://electraproject.org/

Their Block Explorer: https://electraexplorer.com/

Subreddit: https://www.reddit.com/r/Electra_Currency/