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Jun 09
0

An Investment in Bitcoin Private. Why Should You?

By | English | No Comments

First, I will start with a more artistic entry, followed by a more fundamental analysis of the Bitcoin Private [BTCP] development roadmap — from the developers, to the last point in the roadmap. I just need to stretch your mind a bit, in order to contribute to your brain activity, because I want to tell a lot, and of which I have something to say about.

Early summer, time to finish the business related stuff of the year and calmly go for a relaxed vacation and spend time with the family. As this is the only time of the year when many of us can collect their families for a longer period of time and relax together. A time for reflection for all, especially the [men and women] interested in investment. This is the time to reflect on your positions. Bitcoin Private comes to mind.

Bitcoin Private blockchain protocol is not issued using an ICO, but formed by a merge-fork between Zclassic(ZCL) and Bitcoin(BTC). The difference between a hardfork and ICO being that the first does not have the treasury size that your typical ICO collects, at launch. The review of these is essential in understanding its proper potential and the time frame for investment.

As such, there are several factors for investment to consider: — e.g. it should have a huge potential for growth, which means a good technology that can be improved upon a sizeable, dedicated and active development team; Personally, I am absolutely confident that a project should be created by the crypto-currency community, being decentralized, and not by a centralized company or entity — since then you fulfill someone’s interests in for example money laundering or fraudulent accumulation, so there is a big risk to fly into the so-called “Matthew effect” — the rich get richer , and the poor are getting poorer.

Exploring the crypto-currency market in detail for eight plus months, I found myself several options for investing in the summer of 2018, one of which I want to discuss now (since others are absolutely different from this in application and ideas): Bitcoin Private.

BITCOIN PRIVATE (BTCP)

Before I start, the first thing I want to say — do not pay attention to attempts to pursue (anonymous) cryptocurrency issued by governments. It will live as long as there is a need and urgency to allow anonymous transactions, while the authorities will, one day, try to “bend” us — that is, in the end, always. China’s social control agenda comes to mind, considering a backdoor present at all times, presumably.

1. BTCP Merge-fork

Firstly, Bitcoin Private is unique in that it is the first mergefork ever created in crypto using two different blockchains, namely Zclassic (ZCL) and Bitcoin (BTC) The blockchain protocol launch was more than successful. The newly created BTCP cryptocurrency received a blocksize of 2 Mb with blocktime of approx. 2.5 minutes, which makes it possible to conduct fast transactions at least 4 times faster than Bitcoin (BTC, 10 minute block time).

2. PRIVACY

The BTCP proven privacy technology zk-SNARKs, borrowed from Zcash / Zclassic, allows for a future opportunity to upgrade to zk-STARKs. And we should mention that Vitalik Buterin, creator of Ethereum is one of the people that are investing in development of this privacy protocol.

3. Technologicaly Evolution of True Privacy Protocols, not Obfuscation
Originally developed by MIT scientists in the mid 1980s, ZK-SNARK cryptographic tech containing Zero-Knowledge (ZK) proofs solves the problem as to how the public can trust input and computational output while preserving financial privacy. Only recently, its full potential is being realized, e.g. using our Bitcoin Private blockchain.

Full out, ZK-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It refers to a cryptographic proof technique where one can prove possession of certain information, without revealing that information, and without any required interaction between the prover and verifier. Zero-knowledge proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself.

For more open source detailed information about Zk-SNARKs, please read Zcash analysis here: https://z.cash/technology/zksnarks.html

However, there are limitations to ZK-SNARKs, one being that is requires a ‘trusted setup’, one which cannot be transparent. A risk for the future involves the trusted setup becoming efficiently compromised by quantum computing algorithms. Not yet a concern today.

The next evolution of ZK-SNARKs cryptographic proofs is evolving with ZK-STARKs. ZK-STARKs, the difference being a T for Transparent in the middle, allows for scalable proof generation and verification. It brings public randomness, absent a trusted setup, as required by ZK-SNARKs. As such, ZK-STARKS is quantum secure. Consider this the future of privacy on decentralized blockchains. Bitcoin Private aims to lead the way, using proven technology to maintain your transactional privacy.

4. Rebase BTCP from ZEC to BTC codebase

As said before, Bitcoin Private codebase is similar to Zcash codebase, forked from Bitcoin in 2015/2016. ZEC codebase is generally 3 years behind bitcoin ( BTC). Bitcoin Private intends to change that. With Bitcoin Private you get a rebasing of the ZK-SNARKs privacy tech into the latest lean and mean BTC script code, allowing for Segwit transactions (essentially compression of transactions in the blocksize) and future readiness for Lightning Network (LN), allowing future scaling using payment channels to remain open for longer timeframe. Therefore, with the Rebase of Zclassic code to the latest BTC blockchain code base you can expect the following to be realized:

-BIP32
-Lightning Network (LN)
-Segwit

Zoom in our 2018 Bitcoin Private roadmap here: https://pbs.twimg.com/media/Db6OiXYW0AACeZ2.jpg:large

This lean and mean BTC(P) script code base also represents a big victory over competitor Monero (XMR), due to Monero being much more elaborous to code. This is also reason why Monero has difficulty finding talented developers to be able to integrate Monero into hardware wallets like Ledger Nano S and Trezor. For Bitcoin Private we have full integration of BTCP wallets ready to use on Ledger Nano S wallet. Trezor integration has been completed and awaits a Trezor release update for BTCP wallet to be fully implemented.

5. A promising roadmap:

https://btcprivate.org/?lang=en#roadmap

– BTCP merchant platform (BTCPpay.com)

– Sending Bitcoin Private via SMS (cointigo.io)

– Lightning Network

– Jubjub

– Dandelion — new anonymity protocol on Bitcoin’s blockchain

– Tor Wallet

– BTCP decentralized exchange

6. Lightning Network

LN is a “second layer” payment protocol that operates off-chain the blockchain (most commonly Bitcoin). It enables instant transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem. It features a peer-to-peer system for making payments of digital cryptocurrency through a network of bidirectional payment channels without delegating custody of funds and minimizing trust of third parties. Lightning Network allows for payments channels to open, remain open for extended periods of time, and eventually close onto the blockchain, minimizing the amount of on-chain transactions.

7. Jubjub
The Jubjub method is a new type of elliptic curve that uses math to shorten the time it takes to create a transaction. Thanks to this technology, it will be possible to reach record performance. zk-SNARKs transaction generation will occur about five times faster, while it will need 98 times less computing power.

8. Decentralized project
Bitcoin Private did not have a premine, there is no commission from the block rewards for mining. Resources for development came from the ZCL miner contributions, collected in donation fund. Therefore, the core team of developers are responsible for every coin donated and always pay attention to the community. A truly decentralized project, which makes marketing of the project a challenge.

As the developer team focuses on development, development, development… the contribution team makes sure the interaction takes place between the developers and the community. The contribution team makes sure the long term project interests are aligned with the long term investors and (often times) short-term investment mindset of the community that simply wants the price to pump. Short termism is inherent in crypto these days, with speculators and Pump N Dumpers abound.

However, the Bitcoin Private core team is there for the long haul. To fortify such long-term and dedicated mindset, our founder Rhett Creighton was released from the project due to a lack of focus, proving to be more interested in another creative hardfork, instead of focus on Bitcoin Private. Rhett went on to Prime. Bitcoin Private team went on developing.

9. Cheap and fast transactions
The low transaction cost you can see it in the block explorer.
https://explorer.btcprivate.org/

10. Marketing
Progressive marketing from the Bitcoin Private contribution team and one that listens to the community. After a huge community discussion about the lack of marketing from the team (with limited funds, dedicated for development) I was very surprised to see so many people who believe in this technology and the team. The community came together, creating btcpbrand.com just recently and went on to focus on John McAfee, creating banners and meme’s to promote Bitcoin Private with limited resources. The result was tremendous. Just have a look at John McAfee’s twitter feed, where he openly joins the privacy movement in promoting various coins, of course with Bitcoin Private leading the way in decentralized marketing. Proof of Work is what we call it. Every contribution counts. Alot of projects can learn from our decentralized community vibe and marketing approach.

With 11+ thousands of participants in the main-chat in the Telegram, more than 1000 active users and volunteers, a decentralized marketing team that consists and is managed by the community. Already more than 1000+ ambassadors from 100+ countries around the world, decentralized community meetings, this is more than just a typical Bitcoin or Zclassic community. And Bitcoin Private is just about 3 months (March 3rd, 2018) live on mainnet. Everything is achieved without bounty-programs. And what if the project would really have big money donations for development and marketing? Join us and donate whatever energy you can and want!

11. Excellent climate for mining
Fast block time, low hashrate, continued resistance to ASIC-mining. Our equihash algorithm is on of the most profitables ones around, currently for miners. This is what will give the people who are now mining it — a potential big profit in the future.

Eventually, as the last coin(s) are to be mined, the ASICs become undeniably important, being efficient and cost-effective mining machines. We believe ASIC resistance is futile, in the end. All proven options are to be considered for decentralized network security. No risk is acceptable to your financial security, as a user, using our Bitcoin Private protocol.

In the end, compounding transaction fees are to take over from miner block reward incentive, in support of the network nodes. If you know how compounding interest worked (you know, back in the days when we actually had interest rates, before ZIRP and NIRP), you would see that future adoption is key in establishing Bitcoin Private (BTCP) ecosystem.

12. Low price
Current Bitcoin Private (BTCP) price of only USD 22,- weighted average rate (June 3rd, 2018) is grossly undervalued in becoming the future decentralized privacy standard

USD 410 million of capitalization, with competitors that are either inferior or at equal level in development and privacy application:

– -Zcash — USD 1,035 billion

– Monero — USD 2,756 billion

– Dash — USD 2,702 billion

– Bytecoin — USD 1,205 billion

https://coinmarketcap.com/currencies/bitcoin-private/

The comparison picture with forks competitors is even more in favor of Bitcoin Private, forgive me the holders of these forks, as Bitcoin Private is far superior from a technological, community focussed and decentralized perspective.

– Bitcoin Cash — USD 19,986 billion

– Bitcoin Gold — USD 795 million

Here it is still worth addingnoting that the Bitcoin Gold team borrowed Bitcoin Private development code base from Github.

13. No one superfluous in the team
A talented programmer, created the BTCP mergfork — Rhett Creighton was ejected from the core developer team due to lack of focus on Bitcoin Private. This was the person who could scam the project in order to create another fork (of course, it’s more difficult to develop the technology than to make a fork of some ancient slag, like Bitcoin Prime). With his departure he passed the listing on HitBTC, the work of project development partners started, which will help BTCP to be in demand on any day of the week, but about this in the following paragraphs.

14. Exchanges are coming

For pump lovers, there is four decent exchanges that trade Bitcoin Private at the moment, which gives you the right to expect many pumps throughout the year as a result of expected future listings.

HitBTC: https://hitbtc.com/exchange/BTCP-to-BTC
Nanex: https://nanex.co/exchange/BTCPNANO
Trade Satoshi: https://tradesatoshi.com/Exchange?market=BTCP_BTC
Exrates(3 pairs): https://exrates.me/

15. Projects of partners who will bring real use of Bitcoin Private:
–http://cointigo.io/

A service through which transactions can be sent in a convenient way even where there is no Internet — using a mobile network, using SMS. The project is already at the stage of open beta testing.

-https://btcppay.com/

A platform for merchants / vendors , on which Bitcoin Private will act as a utility token/currency. With more than 50 registrations currently partcipating in BETA testing, we look forward to add many more shops and merchants that are willing to accept BTCP for fast, private and secure transactions, going forward. A great opportunity to get paid for the goods immediately in the form of investment (disinflationary).

16. And of course, Mr. John McAfee supports BTCP!

Not long ago John McAfee supported the project several times. And to clarify, from both sides the official statement was that he had not received any financial reward for this and would not receive it.

McAfee repeatedly and successfully predicted the direction of prices for various projects, will this be so this time around? Time will tell. This is a pleasant outlook, but believe me — the growth rate for Bitcoin Private will not be due to John, but because the BTCP project is highly undervalued and has excellent chances to grow and benefit, especially with the advent of large inflows of privacy sector investments. Institutional investors come to mind. Bitcoin Private is like the gold standard for privacy payments.

Of course, in the world of cryptocurrencies the expression DYOR — Do Your Own Research is key. Do not believe everything you hear and perform due diligence. Have an inquiring mind and study what is being said. Only this way, true knowledge and expertise of crypto-related investments can be found. Invest only in the best. Don’t be like the rest. Invest in Bitcoin Private. But tell me … now, after reading this all, do you still believe that monopoly billionaires, centralized exchanges and Keynesian experts on e.g. Twitter will tell you the truth about what is really valuable? You will continue to buy slags at inflated prices, when what really is to become developed and proven privacy technology with bright future is left out?

Support please if you liked the article , I will be very grateful:

BTC: 13xhPuVUQRczkxdX6F9FBYREdemBMn7UPx
BTCP: b1NyaHebmoD8oSJwLpCABe8XyPktkL3nJdE

Thanks for images to @BrandStimulant.
Thanks to “Cryptochatter for translation.

https://btcprivate.org/?lang=en_US
https://t.me/BTCPrivate
https://www.facebook.com/groups/btcp.russia.ukraine.cis/
https://vk.com/btcp_russia
https://t.me/bitcoinprivaterussia

May 30
0

Privacy ? Yes, but how to get it?

By | English | No Comments

We will name below some cases in which it clearly shows the abuse of the use of our personal information in the networks, are just some examples where it is left in evidence to what extent studies, application and use in favor of society are necessary of cryptographic knowledge. The Electronic Privacy Information Center (“EPIC”) is a public interest research center located in Washington, D.C. EPIC focuses on emerging issues of privacy and civil liberties and is a prominent consumer advocate with the FTC (Federal Trade Commission). This body revealed and denounced before US courts the use of the so-called “store tracking algorithm” that would allow Google to identify the purchases of people inside and outside the network. According to the complaint reported by EFIC to the FTC, since Google introduced its “store sales management” program in May, it began a massive tracking of transactions made with credit cards outside the Internet, which can reveal a large amount of personal and potentially sensitive information from users.
“This data reveals sensitive information about consumers’ purchases, their health and their privacy, and according to Google, it can track 70% of transactions made with credit and debit cards in the United States.” Mention the document.

In India, citizens lose their right to privacy because from New Delhi they have made the use of Aadhaar mandatory for access and provision of essential private services. Aadhaar is an identification number issued by the government of India that collects personal data (name, phone, address …) and biometrics (including the fingerprint and iris) of the residents of this country, the government of India intends that in the future all bank accounts in the country are linked to Aadhaar identification numbers. Aadhaar is probably the largest biometric identification system in the world, linking its accounts to a single ID and creating a network of data points that could be used to profile or track people. The fact that there is a base with all this information represents, according to some privacy advocates, a threat to citizens, to the extent that it grants enormous power to the current government, successive or even malicious actors. And the law that regulates the data network explicitly denies citizens the right to go to court to request damages for the disclosure of their personal data. Only the Unique Identification Authority of India (UIDAI), the agency in charge of Aadhaar, can sue the government in
The Supreme Court of India rules that privacy is a fundamental right and gives new arguments to the critics of the Aadhaar state database.

An international group of researchers from the Massachusetts Institute of Technology (MIT) and Rutgers University, both in the US UU., Together with colleagues of the University of Aarhus, in Denmark, have carried out a study to test the effectiveness of the privacy of the users of credit cards in a world dominated by the massive exchange of data. They have analyzed data from more than one million anonymous people and have shown that, with only four data that indicate the space and time of various transactions made with a credit card, you can identify 90% of the individuals in a database . The scientists of this study, led by Yves-Alexandre de Montjoye, a researcher at MIT’s Media Lab, observed for three months the data generated by the financial transactions of 1.1 million people, made with credit cards, who lived inside an unidentified country of the Organization for Cooperation and Economic Development ( OCDE ).
Among the findings, the team notes that women and people with higher incomes are easier to identify through this method because they have distinctive patterns in the way they divide their time between the stores they visit. The results, the authors add, indicate that it is necessary to improve anonymous data protection technologies to increase security.

“Cryptography is the last form of nonviolent direct action, even though States with nuclear weapons can exercise unlimited violence against millions of individuals, cryptography means that a State, even exercising unlimited violence, can not violate the intention of Individuals keep their secrets out of their control, good cryptography can withstand the unlimited application of violence “Julián Assange.
The Bitcoin protocol uses the algorithm ECDSA (Elliptic Curve Digital Signature Algorithm) for the creation of private and public keys. The main advantage of elliptic curve cryptography is the possibility of creating smaller keys, thus reducing storage and transmission requirements. A key based on elliptic curve cryptography can give the same level of security with a 256-bit key as an RSA algorithm with a 2048-bit key. The ECDSA algorithm creates 256-bit-long keys coded with Bitcoin’s Base58 positional numbering system that gives 44-digit keys without including the version number or control digits. A key with RSA would need 350 digits. The main reason for using elliptic curve cryptography was thus to facilitate the handling of the public addresses of the Bitcoin protocol.
Bitcoin arrived in 2009 as an alternative currency solution that can be used to make transactions between two parties without the need for a reliable third party, this is based on the specific rules when incorporating data into the network, data can not enter in conflict with some other data that is in the database (consistent), it is only of annexation (immutable) and the data is blocked to an owner (property) is replicable and accessible and all those involved in the transactions are in agreement with the state of things in the database (canonical) without a central part (de-centralized). But what level of Privacy can Bitcoin offer us in our transactions? One of the tools that exist for tracking transactions with blockchain technology is the Wallet Explorer. This can show all the history of a flow of funds in the blockchain.
All the information that we want to verify about an address, transaction or block is at our disposal thanks to it.

It will show the addresses that have sent bitcoins to the address that we want to consult, balances and an ordered history of transactions.
This way every time we make a transaction, indirectly we are revealing data about our funds. I want my neighbor, my doctor or my son’s private teacher, to obtain the information of what funds are available to me? You can also get a record of all my transactions, and if you really have an interest you can figure out what and where I have bought with my Bitcoin wallet. Bitcoin solves most of the problems we have derived from the use (almost by conviction) of fiduciary currencies, controlled and in many cases manipulated by the states that subject society to a constant loss of purchasing power. But like all new technology requires of advances, improvements or modifications since in regard to privacy, does not meet the conditions to offer the consumer the desired level of privacy.

BitcoinPrivate is a Bitcoin fork that adds armored addresses (Z-Address) to Bitcoin.
BitcoinPrivate by using the zk-SNARKs protocol, a novel form of zero-knowledge cryptography guarantees privacy. The strong privacy guarantee of BitcoinPrivate stems from the fact that transactions shielded in BitcoinPrivate can be fully encrypted in the blockchain, and can still be verified as valid under network consensus rules by using zk- tests. SNARK. BitcoinPrivate private transactions with zk-SNARK protect the Issuer + Receiver + Sent Quantity, as well as provide the largest anonymity set of any currency ever created.
The acronym zk-SNARK means “Concise non-interactive argument of zero knowledge”, and refers to a test construction where one can prove possession of certain information, eg. a secret key, without revealing that information, and without any interaction between the tester and the verifier.
The “zero knowledge” tests allow one of the parties (the tester) to prove to another (the verifier) ​​that a statement is true, without disclosing any information beyond the validity of the statement itself. For example, given the hash of a random number, the tester could convince the tester that there is indeed a number with this hash value, without revealing what it is.
In a “knowledge test” of zero knowledge, the tester can convince the tester not only that the number exists, but that they actually know that number, again, without revealing any information about the number.
These days we have been able to see in social networks as known actors in the world of cryptocurrencies have come out in defense of the idea that PRIVACY is a necessary right that we are losing and that we must work to be able to return that right to society in all aspects.
Not only the charismatic John McAfee great defender and expert in the crytocurrencie world.

We have also been able to read to Vitalik Buterin the young creative genius of Etherum, talking about the need to work for privacy, since in the physical space it is quite inevitable to try to get it on the internet.

I made a comment yesterday in a thread about how my opinions about privacy have changed in recent years (I’m more in favor of privacy now), and they encouraged me to push it. Here you have:
I am considerably more in favor of privacy than a few years ago. A few years ago, my position was closer than “in a well-functioning society everyone is likely to see everything, the value of privacy technology for ordinary people is to let them buy grass, put beds so that people can sleep in offices, and otherwise bypass silly regulations, and maintain a healthy balance of power, because even if more transparency is good, the government only has the eye that sees everything and everyone else is in the dark would give too much power to the goverment.
Things that changed my mind and made me believe that even in a perfectly egalitarian and fair hypothetical society, people who have some privacy are a good idea, they include:
Reading the literature of Robin Hanson and others on signage, and seeing how great a portion of our lives still is. Basically, I see privacy as a way to prevent signaling concerns from covering all of our activity, and to create areas in which we are free to optimize our own happiness and our own happiness, and not what other people think of us. Have a deeper understanding of the ways in which it is possible to make other people’s lives shit, even as a private citizen respectful of the law, and realize that privacy is an important self-defense tool for those situations. Understanding more deeply that “people” is not always virtuous, and that social pressure as a mechanism to influence people’s behavior does not always lead to results that I approve (see: recent series of internet mobs that lead people fired by political opinions) When realizing how bad the traditional media are now, what makes me better understand the desire of people to protect themselves from them. Massive surveillance is problematic because I do not trust governments and large corporations to have interests aligned with us, and creates centralized data collection points that could be pirated, which leads everyone to obtain that data even if that was never the original intention. That said, in physical space it is quite inevitable, so at least we should work hard to make the Internet a place that preserves privacy.
The answer to the question of the title of the article will continue to imply a struggle of forces and resources, in that struggle the use of physical force is not required, but the use of our intellectual force, we release our privacy, it is a human right and not We can lose it.
If you are interested in learning more about BitcoinPrivate and your community, join in your social networks.

May 27
0

Phenomenon of Bitcoin Private

By | English | No Comments

The debate about what the real cost of Bitcoin is, has probably already wiped out and bored everyone but considering how rapidly any technology develops in our time, we cannot ignore it. Only to watch it we will be from the standpoint of technology, and not with the one usually shown to us by experts that are bought for money.

Entanglement of the market; That’s what I have in mind, when I imagine everything that is connected with cryptocurrency’s in the last two years; Twitter, which is full of colorful promises of wealth, news programs, sales speakers, incomprehensible hardforks, fraudulent ICO’s, airdrops, etc… All this makes me want to leave it all and forget about it like a terrible dream. Why? Because we’ve forgot what we are all here for. What is the idea of ​​implementing crypto currency?… I have nothing against speculators and investors who contribute their ideas and help others to help themselves…

I am against those who are trying to take away the idea of ​​a cryptocurrency, a decentralized exchange of funds — fast, convenient, with a minimum commission, and most importantly — PRIVATE.. Who is trying to break the system? Power? Scammers? Owners of pools? No! You, yourself stubbornly bang your head against the ice in the expectation of a fantastic life, yellow lambo, ‘to the moons’ or whatever. What is not a pyramid? Then not a bubble? Look at the forks of bitcoin and the fork of BTCP? An interesting situation is that all previous forks have a weight equal to zero, they are exactly the same as BTC, but their capitalization is huge and is estimated in billions. And if you understand, then they clearly show how technologically they are meaningless. BCH — the same cue ball, no new idea, the 8MB block does not solve the scaling problems, with the Lightning Network it becomes useless. Why is it needed? To fill a pocket of known persons (ref: Roger Ver). Not too interesting an occupation. BTG — ripped off their depositors from their wallet, with every passing day they look sadder — the same cue ball, only without ASICs….BCD seems quite pointless to discuss considering the changes being so minimal from BTC and other forks of BTC.

Why do I want to share my view on BTCP? Why to me is BTCP a phenomenon? 1) The most important thing: see how much they do not want to give him a move. And that means, — they are afraid. Afraid of competition. 2) There are no scams or founders fees. 3) A team that for a penny moves technology by leaps and bounds. 4) The idea of ​​hardfork. PRIVACY, block in 2.5 minutes, mining on video cards, support for Segwit. It’s 100% the best bitcoin available. 5) Low transaction costs.

Tell me, what else is needed? And now, having read all this … do you still believe that billionaires, exchanges and experts on Twitter will tell you the truth about what is really valuable? You will continue to buy the lesser technological Bitcoins (BCH, BTG, BCD) at inflated prices, when what really propels technology forward is left out?

May 27
0

Defend your freedom

By | English | No Comments

At the reception of a doctors or in a fitness club, we are all interested in confidentiality and an individual approach. On the one hand, we would like to store personal information in Private, but on the other hand it’s so nice to have a personalized client card and to hear that our voice is recognized on the phone. But what role does financial anonymity play in our lives?

Many Internet users use pseudonyms (nicknames). People find this an additional degree of freedom, since no one will find out about who you communicated with or what you communicated to them; you can fool around without the actions leading directly back to yourself. When you’re no longer 18 years old, and you want to remember what life is full of, the cheeky chappy, flirtatious man/woman you used to be before settling down with your loved one…

A pseudonym allows you to create somebody and remain anonymous, it allows you to ‘charm’ like you used to without direct relations back to your ‘real’ life…

The same situation with money. Nobody really wants your neighbours, family, friends or others such as rivals or thief’s to know exactly how much you have on your balance sheets… (Unless you have a large ego that likes to show off) — A lot of people like to keep this information private. But no one knows what will happen in a few years, when the cryptocurrency really becomes the mainstream and, perhaps, even in every house there will be a cryptocurrency purse instead of a safe with a gun. We can now only imagine how cool and convenient it will be, but to make it happen; to protect yourself, your family and your hard-earned savings is only possible with the help of anonymous purses and anonymous cryptocurrency. After all, it’s not a secret for anyone that banking databases, electronic wallet accounts and transactions can currently be tracked, sold or even stolen — Like we have se

 

en many times within the modern financial system we all attribute to.

I think I clearly stated my position about the anonymity. Now let’s talk about anonymity in the cryptocurrency, because I believe that only such a cryptocurrency (we do not take smart contracts) has a chance in future…. I could not recall all the projects that now exist, and it’s not really necessary because the market basically itself selects those who are better and more actively growing and developing. There are a lot of good projects, I do not want to offend anyone but what I found in Bitcoin Private is the best that is currently available:

1) The best privacy technology zk-snarks, which by 2020

 

plans to improve in zk-starks.

 

2) There was no premine, there is no commission of the block for mining. Resources for development — collected in donation fund, therefore the developers are responsible for every dollar and always report on the work done.

3) Low transaction cost (For a typical transaction of $ 175, we would pay about 2% + for processing credit card payments depending on the type of card, which is equivalent to $ 3.50 + per transaction for this amount, compared to $0.06 which will be paid by the person who sends Bitcoin Private).

4) Blocks are 2mb every 2.5 minutes, which is plenty enough to fulfil requirements from users. (I by the way do not understand why BCH increased its block size, which they now cannot fill)

5) Duplicate zk-snarks and Bitcoin blocking, and this is Segwit + Lightning Network, this is support for multi-hardware and other wallets, parallel development of two technology vectors.

6) Progressive marketing team and company. Listening to the community. I was very surprised to see so many people who believe in this technology and the team, 11 thousand chat participants in the telegram, more than 1000 active Ambassadors worldwide and growing Daily; with Ambassador Contests to help promote a friendly and encouraging atmosphere! BTCP also have Community Lead and Driven Teams helping BTCP in their own ways.

7) Decentralization. No masternodes, everyone has the right to vote and to be heard

You can regard all of the above as an advertisement or a call to buy, I regard this as an objective view that the developers have made the best offer of the crypto currency market, which will soon eclipse any other anonymous cryptocurrency, as it can be widely used in everyday life. Good luck to you, love yourself, your purse and your privacy it is so important for now, when Japanese government is trying to take it away.

https://medium.com/@DrHushchak/defend-your-freedom-530b3e88d433
https://bitcointalk.org/index.php?topic=3467968.msg36041776#msg36041776