• 34 Posts
  • 38 Comments
Joined 1 year ago
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Cake day: July 4th, 2023

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  • I think stablecoins will always have a centralized point of failure. Weather it is an algorithm, or having the coin backed by the actual asset.

    I think the best stablecoins are backed by the asset 1 to 1 or a little more then 1 to 1. Most stablecoins that do this are token on smart chain contracts which have another vulnerability which is being a smart contract. Smart contracts could contain a vulnerability and if it does have a vulnerability, a new contract will need to be made and users will have to switch their old token to the new tokens. Also censorship is an issue. https://cryptonews.com/news/tether-takes-action-blacklists-validator-address-linked-25-million-mev-bot-drain-heres-what-happened.htm

    And these stablecoins are not private. The only private stablecoin platform out there is Haven but Haven assets are not backed 1 to 1.

    I hope there are plently of stablecoins issued on Zano in the future. Zano allows you to create an asset without creating a smart contract. All assets on Zano are private. I would like to see Tether, USDC and other issue stablecoins on Zano. Trusting the issuers on backing the stablecoin and trusting the issuer to secure their private keys to prevent hackers from inflating the asset will be the only vulnerabilities, but you will have privacy and a censorship resistant stablecoin!











  • I think all cryptocurrency blockchains that function as money or store of value should do this. However I think 1 years worth is better than 10 years worth of data, or perhaps even less than a years worth of data.

    As long as the blockchain size remains small enough for the adverage Joe to store the entire chain onto their mining computer for when or if Monero reaches mainstream mass adoption usage. By mainstream mass adoption I mean Monero is used as much as Visa or Mastcard is globally which I would assume will mean that Monero will need to handle 1 million transactions per second.




  • I may at times only have access to HTTP only (No HTTPS) which is one of the reasons why I want another form of encryption.

    Encryption with most VPNs are more secure than HTTPS. Yes, the connection between the VPN server and the web server is not encrypted with the VPN and only HTTPS. However the encryption between the VPN and personal device is superior, not because it is relayed. My understanding is that HTTPS is “secure” for basic use, just like Windows 11 is secure. But not secure from five eye agencies unlike VPNs and other like systems like Tor and I2P.

    My goal is to have a user connect to a web server and have it not possible for the web server to know what is going on, nor can anyone snooping the packets in transit know what is going on. Not know the HTML structure, form field data, etc.