[Cryptography] credacash

[James A. Donald]

There is a lot of really serious money going into crypto currencies.  A 
lot of very rich people are hedging against the collapse of the US$ and 
the US empire, and they rather suspect that it will be replaced by a 
crypto currency rather than the gold standard.

But bitcoin is hitting its scaling limits hard.  Maybe they will solve 
this, and become the one world currency, but at the moment we are 
instead seeing a whole bunch of monkeys flinging crap at each other as 
each seeks to shift scaling costs somewhere else.

A lot of altcoins have appeared, many of them get rich quick scams. 
They generally claim to have solved the many problems bitcoin suffers 
from.  Last time I checked, this was not exactly true.  Checking again. 
Looking at Credacash

Credacash claims to be the bee's knees.  Its secrecy and anonymity 
qualities are outstanding, it is fast, efficient, and claims to be fully 
sidechain compatible, though as yet no actual sidechains exist making 
the claim difficult to verify.

Some of its alleged secrecy characteristics come from operating within 
the tor network.  But anonymity on tor depends on slow and random 
timing.  Credacash is optimized for fast and predictable timing.  Its 
secrecy characteristics should not be tor dependent.  To what extent is 
its secrecy dependent on Tor?  Why does Credacash not operate on the 
regular internet?

Bitcoin's problems derive in large part because all peers download and 
validate all transactions, which means that transaction cost grows as 
the number of peers, that there is a lot of opportunity for transaction 
cost shifting (hence the current shit flinging) and that delay grows 
roughly as the log of the number of peers.

Instead of peers, Credacash has witnesses, but does that not make it 
just another centralized currency, ideal for scam artists and government 
takeover?

Ideally, if we are going to have a limited set of witnesses, anyone 
should be able to be a witness with probability and influence 
proportional to stake.  Not seeing any data about weight of stake in 
Credacash's description, which makes it just another centralized currency.

Is there in fact any crypto currency with characteristics that make it 
resistant to government takeover and scam artistry that has solved the 
scaling problem?

It is easy to solve the scaling problem.  Any standard centralized 
currency scales just fine - and any standard centralized currency tends 
to wind up being run by scammers and/or governments - typical crisis 
being first scammers, the the shit hits the fan, then the government 
takes over.