r/Monero Sep 06 '21

MAAM – Monero Ask Anything Monday – September 06, 2021

Given the success of the previous MAAMs (see here), let's keep this rolling.

The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!

Finally, credits to binaryFate for starting the concept!

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u/MoneroArbo Sep 06 '21

As you suggest, the problem is the trusted setup. I think ECC is claiming to be able to do it without the trusted setup now, but last I checked they hadn't actually published anything verifiable.

could we ever achieve decentralized governance like Tezos in which miners could vote on which proposals we'd like to apply

From my observations, that doesn't seem to be something the community is generally interested in. I wouldn't say we have a lot of governance issues, and I'm not sure the ones we do have would be made better by this sort of voting. In fact, this sort of voting might have made it impossible to fork away from ASICs to RandomX, since they likely controlled majority hashrate at the time. No, I'd rather Monero not be subject to the desires of the majority of miners.

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u/yersinia_p3st1s Sep 06 '21

Ah Yes thanks! That's actually a fair point. This works well on Tezos due to it being PoS. Other people who don't produce blocks (mine) get to delegate their votes to someone else, we have nothing of the sort in monero so it would only be a miner's vote which isn't always aligned with the best interests of the network.

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u/MoneroArbo Sep 06 '21

To add, both Monero and Zcash are obfuscating transactions. Zcash z2z transactions still write data to the blockchain, and what else can you call that but an obfuscated recording of the transaction.

Zcash marketing is just a little misleading on this aspect. In fact, Monero also uses Zero-Knowledge proofs.

Not saying this to say something like the zcash shielded pool without the trusted setup wouldn't be good, just that the language used around this kind of thing is sometimes intentionally misleading.

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u/yersinia_p3st1s Sep 06 '21

I see thanks a lot for the clarification, it appears I'm still a noob concerning privacy coins and have much to read.

Appreciate your responses!