Who are the elephants? Do they already transact in Bitcoins? They should use Gemini who supports shielded transactions.
Anyway, you’re missing the whole point of my statement. It’s the users who use t-addr who gets their privacy compromised. Similar to how a privacy of a Monero user will be compromised when they use Bitcoin.
If I only use shielded transactions, no amount of users who use t-addr will affect my privacy.
Yep. But not everyone can use Gemini. You have to deshield to sell and buy.
This wouldn’t be a problem if there were far more users. But the low use makes it easier to link what goes out to what comes in.
Because it’s easier to deanonymise transactions : especially in ꜰɪꜰᴏ mode.
I think a large part of this is addresses created by default are transparent addresses though.
When you write an exchange, you don’t want to write coin specific code : currently most exchanges uses the Zcash through it’s compatibility with Bitcoin’s ᴊꜱᴏɴ’s ʀᴘᴄ.
I was rather thinking about anonymizing transfers between exchanges.
That could be different if when an exchange asks for an address using Bitcoin code, it gets a shielded address and thus would have to create zcash specific code to get a transparent address.
Even Russian based cryto exchange uses transparent address as a result. In a country where financial privacy is more important than fighting on corruption.
I rather think the bigger issue is Zebra. Yobit would defnitely delist once zcashd doesn’t works anymore.
why? I would argue that public orgs that use or manage public funds should work in public. transfers between exchanges does not compromise the exchange users privacy anymore than the moment the users sign up to the exchange.
the “public” orgs should be transparent while “private” individuals should be shielded
Many exchanges don’t handle fiat. There’s no ᴋʏᴄ on them.
What’s your point exactly? You argued that t-addr usage compromised shielded pool users. I showed that your statement is false.
Then you go on about “elephants” t-addr users who are actually exchanges?
I repeat, t-addr use does not in anyway compromise the privacy of Zcash users who exclusively use the shielded pools.
I will disengange further from this discussion. Ciao!
I totally agree with you.
If this Zcash credit score were implemented for all exchanges, payment processors (flexa) and merchants so our transaction at Chipotle burrito would be rejected from shielded wallet unless we only used a clean transparent address.
It will look like after you deshield your zec, your zec will be tainted forever.
Most exchanges will revoke TEX feature eventually and lift up to use this Zcash credit score system.
For whoever need to share transaction info, just use view key (zip310) and select a recipient to share with.
