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RE: IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies.

in #bitcoin7 years ago

I've never heard of hush coin. im gonna check it out. are you guys familar?

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HUSH has acquired the Zcash developer who developed the windows and I think Mac GUI
s for Zcash. I sold half my Zcash to get it. He's attracting new talent to the project. Development is moving fast and it may soon get listed on Bittrex instead of just Cryptopia and Satoshi. Currently at 0.7% the price of Zcash (~ $1) with I think a potential to go to 10% the price of Zcash. So if Zcash goes back to 1/6 the price of BTC and HUSH goes to 1/10 the price of Zcash, then 33x more BTC per BTC invested is the potential of HUSH.

More than value of the coin we can do things that ZCash cannot. We do not have any corporate backers, so we are not constrained in any way. I like to think of Hush as the open source Zcash. Like ZClassic Hush has no founders fees, so miners earn 100% of the block reward.

I don't understand why Zclassic is valued at what it is, the core dev left the team months ago and there has been no development since then.

Is there a whitepaper?

As mostly a clone of Zcash that will tap into ethereum and counterparty technology, it does not need a technological white paper to introduce anything new. The primary differences are that it's not funded by (and funding via 20% mining fees) an American private company like Zcash's Zerocoin Electric Coin Company, so it's more of an open source project that can't be shut down or influenced like Zcash's company (although Zcash can continue to live as open source without the company). "HUSH" refers to it making messages on the chain anonymous like the coins. With secure messaging you can encrypt messages for "privacy", but without HUSH, a 3rd party can always see who and when 2 parties (or IP addresses) are communicating even if they can't read what the messages are. So HUSH adds anonymity to private messages. You can send a message and no one can connect you and the receiver. Spies have needed this technology forever and have several workarounds such as broadcasting numeric codes on shortwave radio, which is still being done today. For long messages, the only message might be a link and key to an anonymous encrypted document on TOR or the IPFS. Buyers and sellers using the coin may want to be able to attach messages that have the same privacy + anonymity. There is a road map on the myhush.org web site with a link to the bitcointalk announcements.

Thanks for the explanation! I'll dig deeper in this, I guess it is in the same way mined than zcash?

Yes, exactly the same. In fact you have to be careful not to mine one of the coins to the other coin's address. If you're mining Zcash already, it's super easy. Except that you can't mine directly to Cryptopia for some reason. It's hit or miss. You have to have your own wallet.

Here is an invite link to the Hush slack. http://slack.myhush.org/
It's a great community, friendly and accessible. zawy and madbuda are two of the stalwarts over there. :) The developer, radix42, is very highly thought of in the cryptocurrency community and refreshingly devoid of false promises and bullshit. There are so many great things happening in Hush's (near to medium term) future technology wise, plus Hush isn't on any of the big exchanges yet. So, as the features roll out, the exchanges wise up and word gets around, I expect Hush will be selling much closer to its true value. Hope to see you over at the slack!

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