Privacy Coins and Government Bans

Reuben Yap, COO of Zcoin, joins me to chat about privacy coins, and how to achieve financial privacy.
Is privacy possible for Bitcoin?
Can privacy coins help the privacy of Bitcoin?
How does Dandelion Protocol compare to Gossip Protocol?
We also discuss the FATF travel rule and privacy coins being banned from exchanges.

00:25
What is ZCoin

1:10
How Dandelion works (vs Gossip Protocol)

3:26
Unshielded transactions: are they that bad in zero knowledge proofs?

4:12
Government using FATF Travel rule as an excuse to ban Privacy Coins from exchanges

6:10
Thailand election on zcoin blockchain

7:15
Privacy for Bitcoin:
Auditability vs Privacy
Privacy through exchanging with other coins

8:28
Lightning

9:23
Fungibility vs Censorability

Recently there was a vulnerability related to Zerocoin protocol, which came about after this interview was filmed, so it's helpful to elaborate on its relationship to Zcoin:
Zcoin currently uses the Sigma protocol, developed to improve scalability and remove trusted setup from the original Zerocoin protocol (not to be confused with the Zerocash protocol used in Zcash).

In April 2019, while already in the progress of migrating to Sigma, a cryptographic flaw was found in Zerocoin (https://zcoin.io/further-disclosure-on-zerocoin-vulnerability/) so the Zcash team decided to replace it completely with Sigma, which went live on mainnet in July 2019.

Zcoin is currently is set to release Lelantus, its next gen privacy protocol in 2020. Lelantus builds on the Sigma protocol and improves privacy by removing the need for fixed denominations and also allowing direct anonymous transfers. https://zcoin.io/direct-untraceable-anonymous-lelantus/

Huge thank you to BitPay who sponsored this interview! They provide awesome services like helping businesses accept crypto, and helping individuals pay with crypto even at places that don't accept crypto! Check out their website:
Bitpay.com

The views presented in this video are of those participating in the interview only, and do not necessarily reflect the views of BitPay.

If you would like to send a donation, $3 to any of the addresses below will activate my crypto chocolate dispenser!

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Recommended Books:

Permanent Record - Edward Snowden
https://amzn.to/305negc

What has the government done to our money - Rothbard
https://amzn.to/2KMzmcu

Naomi's Privacy Bag: some of my favorite products to help protect your privacy!

Use the Brave browser! https://brave.com/nao076

USB-C to ethernet adapter:
https://amzn.to/2lOVBoy

Lightening to ethernet adapter:
https://amzn.to/2nWyNns

Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone)
https://amzn.to/2SUkPhu

Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
https://amzn.to/2SVh0J2

Computer privacy screen (use your computer in public? Keep your information safe!)
https://amzn.to/2SXYHmf

Phone privacy screen (don't let people in public see your private data)
https://amzn.to/2YyJMnH

Camera cover (for computers and phones, so no one can access your camera without you knowing)
https://amzn.to/2Mt7Hic

Privacy Tip: Don't use wifi, and if you must, append the tag ‘_nomap’ or ‘_optout’ to your SSID to stop other websites tracking your location.

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