[Cryptography] Bitcoin theft and the future of cryptocurrencies

[Howard Chu]

grarpamp wrote:
> Rephrasing what that prefixed...
> 
> Is it *possible* to use whichever coin in a way such that an
> analysis paper against it becomes mitigated / moot?

In some far future where CPUs are 1000x faster, RAM is 100x larger, and power 
efficiency is 10,000,000x better, sure.

If it were usable *today* then why are only 1% of Zcash txs actually fully 
shielded? Privacy is the *flagship feature* of Zcash. It is the only defining 
difference between Zcash and the Bitcoin code it was forked from. It is the 
only reason for Zcash supporters to want it and use it, and yet 99% of Zcash' 
txs aren't private, because it costs too much CPU and RAM to use the privacy 
features.

Theoretical perfection is meaningless if the implementation is too slow for 
practical use.

-- 
   -- Howard Chu
   CTO, Symas Corp.           http://www.symas.com
   Director, Highland Sun     http://highlandsun.com/hyc/
   Chief Architect, OpenLDAP  http://www.openldap.org/project/