The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

After delving into the world of cryptocurrencies one can see that good majority of digital asset proponents are big fans of privacy and anonymity. Just recently a spreadsheet document was published that lists the top privacy-centric coins and the various differences between them. The paper called “Privacy Coin Matrix,” allows enthusiasts to see a comprehensive list of cryptocurrency networks that focus on promoting financial privacy.

Also read: Marvel, The Simpsons Go Crypto

Introducing the Privacy Coin Matrix

A Google Docs’ spreadsheet has been recently published on the wide variety of cryptocurrencies that aim to bolster financial anonymity. The paper is very comprehensive and includes various details about each coins’ attributes strewn across a very long spreadsheet. Coins that are present in the ‘Matrix’ spreadsheet include Bitcoin Core (BTC), Monero (XMR), Zcash (ZEC), Dash, Verge (XVG), PIVX, Bitcoin Private (BTCP), and more. There are a total of twenty cryptocurrencies listed, alongside some relatively unknown coins like Zoin (ZOI), and Colossus Coin (COLX). There are a bunch of privacy-centric coins missing from the list as well such as anon tokens like Boolberry (BBR), and Bitcoin Dark (BTCD).

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

There are fourteen separate sections that distinguish each coin such as the asset’s summary, features, resources, trading, supply and distribution, wallets, and privacy benefits. With each section summarizing the protocols’ features it can give a reader an in-depth look at how much privacy these networks actually give to users. For instance, in the ‘privacy’ section, readers will likely get the most information concerning anonymity methods. Both Bitcoin Core (BTC) and Ethereum (ETH) mentioned in the list fail miserably when it comes to nearly everything privacy related.

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

Some Coins Offer Very Little Privacy, Scaling is Dependent on Unfinished Second Layer Solutions, and Others Have No Wallet Support

The lists details that other coins such as Monero, Zash, Particl, Bitcoin Private, Zencash, Zclassic, and Sumocoin obfuscate a recipient, and a senders’ transactions with certain features. Anonymity protocols these coins use are methods like ring signatures, stealth addresses, and zsnarks (zerocoin). According to the Matrix spreadsheet many of the other coins mentioned like Dash, and Colossus show no cryptographic privacy, and they depend on techniques like Coinjoin. Further, the list also details whether or not the coins have an auditable supply and a trusted setup.

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

The coins’ ability to scale is also a section worth reading as it shows which cryptocurrencies have begun to scale through forks, and others waiting on technologies like Lightning to come to fruition. Other technologies mentioned in the scaling section include masternode protocols, bulletproofs, and other second layer options. Lastly, some of the coins mentioned have wallet implementations across most clients created within the industry, while other coins have very little wallet support making utility very difficult for coins like Phore, Zoin, Colossus, Spectrecoin, and Sumokoin.

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

Matrix List Cuts Through the Anon-Coin Hype

Besides this list, there are more anonymity focused cryptocurrencies in existence that claim to provide significant privacy for users utilizing these networks. However, the Matrix spreadsheet cuts through all the anon-coin hype, headlines, and shilling taking place across the web by separating features, attributes, and facts, into a list of things cryptocurrency proponents care about.

What do you think about the Privacy Coin Matrix spreadsheet? Are there privacy coins that you didn’t see mention in the Matrix list? Let us know your thoughts on this subject in the comments below.


Images via the Matrix, The Wachowski Brothers, and the Matrix spreadsheet. 


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Bitcoin in Brief Monday: A Panther’s Moonshot Bet

Bitcoin in Brief Monday: A Panther’s Moonshot Bet

Bitcoin in Brief today is slanted toward a crypto winter slowly thawing, as Pantera Capital bets on a moonshot price point. Also, the world’s most popular decentralized digital asset has been forked more than a plate of good pasta; there’s a growing list of countries who’re less likely to nab your crypto profits; Yahoo! smashes rumors; and a good-hearted wager between bitcoin core and bitcoin cash partisans exemplifies how ecosystem actors should treat one another.

Also read: Bitcoin in Brief Saturday: Hide Your Seed

A Panther’s Moonshot

Bulls have a panther as their advocate to help thaw this crypto winter. We reported this week, “Pantera Capital, an investment firm exclusively operating in the cryptocurrency and distributed ledger technology sectors, has published a letter predicting that bitcoin has established the low for its current bear market. Pantera cites a number of factors as informing its market outlook.”

Bitcoin in Brief Monday: A Panther’s Moonshot Bet

Among those factors are taxes on capital gains, where estimates are in the many, many billions expected from enthusiasts. That in turn, the fund theorizes, dragged prices down, and bitcoin core has found a bottom at $6,500, as holders were forced to sell in order to pay government bills. We continue, “Pantera also states that ‘It’s highly likely’ for the price of bitcoin to exceed its previous record highs of $20,000 ‘within a year,’ asserting that ‘A wall of institutional money will drive’ the growth in price.”

Speaking of Taxes

Until that prediction comes true, readers should pack their bags to save money from the tax man! Start looking for places to stay in Germany, Slovenia, Denmark, Belarus, South Korea, Singapore, as they’re some of the most advantageous.

Bitcoin in Brief Monday: A Panther’s Moonshot Bet

We stressed how many “jurisdictions have yet to update their tax laws to encompass cryptocurrencies. Rules governing taxation are often incoherent and very different even in countries that are part of a common space. In the European Union, for instance, tax rates in member-states vary between 0 and 50%.”

Forking Crazy

Be honest. You’ve never heard of Bitcoin Minor, Bitcoin King, nor Bitcoin Boy. How many times would you guess the Bitcoin network has been forked? During an extensive and really interesting investigation, we revealed nearly 70 times. That’s right, 70.

We summarized findings as how forking “bitcoin used to be a rarity. Then it became the norm. And then it became a meme, with anyone and everyone forking bitcoin on a weekly basis. There have now been a total of 69 bitcoin forks plus another 18 altcoin forks. Holders of bitcoin, monero, ethereum, and litecoin can claim almost 80 additional coins for free. Whether it’s worth their time to do so, however, is another matter.”

The Fork of All Forks Remains a Solid Option

The most famous of forks is, of course, bitcoin cash (BCH). Its being faster, sleeker, younger, and bigger (block wise) has lead those on the bitcoin core (BTC) side to take a stance on BCH’s long term viability. And while each side feels passionate about its coin, and the future that it entails, debate often become rancorous, turning everyone off.

Bitcoin in Brief Monday: A Panther’s Moonshot Bet
A reader responds to a hilarious bet.

We reported how two well-known advocates joked and ribbed one another about Core’s anticipated Lightning Network solution. They bet bragging rights if a demonstration of the solution failed a basic transaction. Loser would have to wear a t-shirt of the winner’s coin. Regardless of which won, the import is how the two men exchanged laughs and good humor, and the ecosystem needs more of both.

Japan Continues to Lead

No laughing matter is how the crypto winter continues its thaw as “Yahoo! Japan has confirmed that it is entering the crypto space by acquiring a stake in a Japanese cryptocurrency exchange that is already licensed by the country’s financial regulator. The company plans to launch a crypto exchange in the fall of this year,” we explained.

Bitcoin in Brief Monday: A Panther’s Moonshot Bet

We Have the Best Readers in All of Crypto

Thanks to our readers liking and sharing, our post on aspects of Islam possibly opening to cryptocurrency was picked up and republished and referenced around the world. Some contend it was the root cause of bitcoin’s recent price rebound. Great job, gang.

The crazy good book by Wendy McElroy we continue to serialize brings in wonderful reader comments and observations. To wit:

Bitcoin in Brief Monday: A Panther’s Moonshot Bet

Do you think bitcoin will continue to rise or to fall to new lows? Let us know in the comments section below.


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Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee Problem

A couple months after two of the largest cryptocurrency trading exchanges, Bitfinex and GDAX, finally adopted the bitcoin SegWit protocol, transaction fees for the currency are finally back to reasonable levels. Bitfinex, on February 20 2018, announced support for bitcoin deposit and withdrawals using P2SH Segregated Witness (SegWit) addresses while GDAX, on February 23, introduced … Continued

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Place Your Bets! Bitcoin Core Lightning Network Fails to Complete Basic Transaction

Place Your Bets! Bitcoin Core Lightning Network Fails to Complete Basic Transaction

Wagers really don’t settle matters, but they are a lot of fun and force advocates to have some skin in the game. In the ongoing debate about scaling, network fees, congestion and mempools, the Lightning Network is Bitcoin Core’s answer. Some in the ecosystem have doubted its efficacy. A bet was placed. If a payment failed, as opponents assured it would, the Core advocate would have to wear a bitcoin cash (BCH) t-shirt. If it succeeded, the BCH advocate would wear a Blockstream t-shirt from their Lightning store. 

Also read: Coinsecure India Down After $3 Million in Bitcoin Missing

A Bet in the Bitcoin World Can Be Outrageous or Just Plain Fun

Whatever else anyone thinks about bitcoiners, the ecosystem does have its share of characters. One of the most visible is presidential candidate, software magnate, rebel John McAfee. Using mathematical gymnastics and various theories, Mr. McAfee arrived at the price of $500,000 for one bitcoin core (BTC) by 2020. His Twitter followers were blown away, and so Mr. McAfee goaded them into betting. When challenged further, on 17 July 2017, Mr. McAfee tweeted, “if not, I will eat my dick on national television.” Even after the price dropped, he reportedly doubled down, insisting BTC would reach $1,000,000 in that time. There are people monitoring the price to see if it’s on pace. One snarky columnist even suggested wines to pair with Mr. McAfee’s proposal.

Thankfully, not everyone in the space bets their reproductive organs. In fact, sometimes it just comes down to a t-shirt and bragging rights. Felix Weis isn’t some bitcoin core believing noob. He’s a well-regarded software engineer, researcher, and developer with a deep knowledge of computer science and cryptography. He’s also a world traveler who once trekked all over the globe for a year and a half, famously documenting his use of bitcoin in the process. He’s regularly tapped to explain ongoings and developments in the bitcoin core world. No slouch, he.

Place Your Bet! Bitcoin Core Lightning Network Fails to Complete Basic Transaction
Good sport and man of his word, Felix Weis (left)

He’s also an advocate for scaling the bitcoin core network using such layers as the Lightning Network. In theory, smaller transactions happen in sidechains instead of on the main Bitcoin blockchain. Those transacting with one another would settle at an agreed time. Side chains as such would be governed by nodes, and fees might encourage more nodes to be run, in theory resulting in more decentralization. Faster times, lower fees, less congestion are its promises.  

The problem, according to opponents, is many fold. So far, adoption of the Segwit, the enabling technology, and Lightning Network has been slow. It’s also thought to be unreliable. In addition, opponents are often happy to point out alternatives such as bitcoin cash already exist, do not need yet another software solution (no matter how elegant), and can scale just fine.

Place Your Bet! Bitcoin Core Lightning Network Fails to Complete Basic Transaction

A Simple Demonstration

Roger Ver, CEO of Bitcoin.com (owner of news.Bitcoin.com), is perhaps the best known advocate for bitcoin cash, an oft-proposed counter to the Segwit-based solutions like the Lightning Network. Mr. Ver has a habit of challenging those who talk a good game to put their money where their mouth is, and he loves to bet. His most recent wager happened with Felix Weis while Mr. Ver was in Hong Kong, attending the latest Bloomberg conference. The two met up at Genesis Block, an over the counter trading floor for digital currencies.

The proposal was for Mr. Weis to diligently prove to Mr. Ver his concerns were misplaced, and to do so on the spot by purchasing small items from the Blockstream store (in this case, stickers). The entire transaction would entail a tad under $9. The store serves as a testing model for bitcoin core supporters, and it comes with a giant warning about the possibility of losing funds.

Place Your Bet! Bitcoin Core Lightning Network Fails to Complete Basic Transaction

Mr. Ver is provided the necessary wallet address while, and to keep things square, Mr. Weis manipulates the transaction. In a video Weis clicks here, clicks there. Mr. Ver asks Mr. Weis to make sure all the necessary parameters are met, including enough of a transaction amount to matter. Clicks, clicks. While they wait, Mr. Ver asks congregants, “Do you happen to know offhand how much money is tied up in the Lightning Network worldwide? Just about 12 bitcoins for the entire world,” he claims. “Alright,” Mr. Weis alerts, “there you have it,” as his smartphone is shown to the camera. Everything seems in order. Suddenly, a message reads pending. “Uh oh,” Mr. Ver ribs, smiling. “Pending! Looks like a BCH shirt is coming for Felix here!” The smartphone screen goes deep maroon, purplish-ish, announcing fail. Mr. Ver chuckles, shakes Mr. Weis’ hand, explaining how he really does hope it works one day, but that it will always work better on the Bitcoin Cash blockchain.  

Regardless of where one stands on the scaling debate, clearly these two fellows understand the importance of civility and good-natured ribbing.

What do you think of such wagers? Do they prove anything? Let us know in the comments section below.


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Bitcoin Wallet Supporting the Lightning Network Removed from Google Play

Bitcoin Wallet Supporting the Lightning Network

Well, that was fast. ‘Eclair’ – the first Bitcoin wallet supporting the Lightning Network, has been removed from the Google Play store, mere days after being added.

Not long ago, on April 4th, a French tech company called ACINQ added the first mobile wallet that allowed for Bitcoin transactions via the Lightning Network. The app was available through the Google Play store for Android devices fitted with the operating system version 5.0 and higher.

Several days later, on April 7th, the company tweeted they had lost the signing key for the wallet. This essentially ...

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SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins

SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins

At the Satoshi’s Vision Conference in Japan Bitcoin.com’s Jake Smith interviewed Jerry Chan the lead executive for SBI Group’s fintech arm ‘SBI Bits.’ Chan explains what SBI Bits is involved in and how it had embraced blockchain technology and cryptocurrency solutions. The firm has recently launched a mining pool that’s processing bitcoin cash blocks alongside building a cryptocurrency exchange.

Also read: New Study: 80% of ICOs are Scams, Only 8% Reach an Exchange

SBI Bits Executive Jerry Chan Talks Bitcoin Cash

SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins
Jerry Chan

SBI Group is one of the first Japanese financial institutions to start getting involved with bitcoin and cryptocurrency applications. The company executive Jerry Chan leads the firm’s fintech subsidiary that builds technological platforms and business tools for large-scale institutions. SBI Bits is excited about the development surrounding the bitcoin cash ecosystem, and Chan explains a few reasons why to our host Jake Smith.       

“SBI Bits is like a fintech internal vendor we do all of our technology internally within SBI Group. So our bread and butter business is exchange platforms, core location or anywhere where the profit center companies require technology. SBI is a larger financial group and has online stock trading and liquidity markets,” explains Chan.

SBI Group is the first financial services conglomerate in Japan that has gotten really big into bitcoin, blockchain, and associated technologies. As you may have heard GMO, DMM, which are more media technology rooted companies, are also getting into [them] in their own way.

An SBI Bits Backed Cryptocurrency Exchange Coming Soon

SBI Bit’s leader details that the company is also in the midst of constructing a cryptocurrency exchange. The exchange will be built by SBI but will likely be licensed to other SBI Group companies once completed.

“That is one of the projects [an SBI Bits backed cryptocurrency exchange] we are working on — SBI Bits is a technology platform developer. The companies that will actually operate the exchange once we build it may not be SBI Bits itself,” Chan details during his interview.

SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins     Lightning Network Not So Exciting

Chan also discusses protocols like the Lightning Network (LN) and Segregated Witness and lets viewers know whether or not these technologies excite him. While Chan finds LN interesting he doesn’t know who the technology will serve in the long run and doesn’t seem to find the protocol very exciting.    

“Lightning is an interesting second layer technology but I wouldn’t say it is very exciting — Because From a business perspective I don’t see that it is addressing any use case that we can use or institutions can use — More than just say payment channels or some other form of a private blockchain pegged token,” Chan reveals.  

So I really think Lightning is an interesting experiment and technology but I don’t know what the platform is trying to serve.

Following the discussion about the Lightning Network, Chan gives his opinion about color coin technology and says SBI Bits is very interested in a protocol that can create representative assets and smart contract solutions. Chan explains to Smith that if the technology was available now on the BCH chain, SBI Bits would already be developing things with the technology. If you want to hear the rest of the intriguing exchange between our film host Jake Smith and SBI Bits Jerry Chan then check out the video below.

What do you think about the company SBI Bits and Jerry Chan’s commentary? Let us know what you think about this subject in the comments below.


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‘A Fraud’: Ethereum Founder Buterin Calls Out ‘Satoshi’ Craig Wright

A video of Vitalik Buterin calling out Craig Wright at the two-day Deconomy 2018 conference in Seoul is sure to be going viral in the community. Buterin has the floor for questions after a talk given by Craig Wright titled “A Visual Depiction of Bitcoin Scaling and Enterprise Growth.” Buterin appears to take issue with

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Mysterious Developer bitPico Claims Responsibility for Lightning Network DoS Attack

Mysterious Bitcoin developer bitPico has confirmed rumors that they have launched an attack against the Lightning Network’s nascent mainnet implementation. The pseudonymous individual or group made the announcement on the bitPico Twitter account, describing the attack as a “stress tool” for the LN software — which just entered beta — and claiming that it had

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