VERGE IS A NON-PRIVATE SHITCOIN

tl;dr it's just BTC+tor

Verge aggressively markets themselves as a privacy coin but the closest they come is tor integration, which most coins already support as a 3rd party app anyway. They have no ledger privacy. There is no advantage over using bitcoin+Tor. I think this is extremely irresponsible as it may lead to someone using their coin for something that needs to be private.

Here is their stance on privacy: youtu.be/EFXkJjgPlII?t=208

The cliff notes are that they have no ledger privacy because they believe:
>Network privacy (ip address) is sufficient to hide your identity
>The market will never adopt a coin with ledger privacy because
>Support staff are unable to confirm transactions on a private ledger

This shows both a fundamental misunderstanding of privacy in general and existing ledger privacy technologies. Only hiding your IP but exposing your financial activity will absolutely betray your identity. When your employer pays you or you pay your electric bill, that's a link between your ID and addresses right there. Limiting your view of privacy to IP addresses is like using facebook through a VPN and thinking you're private.

Their statement that Newegg support couldn't confirm that they received money is not true of cryptonote (monero, bytecoin), zerocoin (ZCoin, PIVX soon), zerocash (zcash), or privatesend (Dash and currently PIVX).
They have recently announced "Wraith protocol" claiming it will bring Monero level privacy, but refuse to release any details other than stealth addressing (a technology that provides no privacy without a ledger privacy mechanism). They announced it a few weeks ago saying they would release it this month, but they don't seem to know what it is.

Nice, just bought 100K!

Stop fudding our memecoin.

2/


Hopefully they are using an existing and well reviewed protocol, not rolling their own crypto, but then why not name it? Even just testing something like that should take longer than a month, let alone implementation. The timeline does not look good. Have they figured out that actual privacy is important? Is it vaporware? Is it half assed?

Not only this, but the dishonest marketing is unethical in my opinion.

Somebody please explain how this coin is still alive, let alone in the top 100

>not rolling their own crypto
>Somebody please explain how this coin is still alive, let alone in the top 100

nice copypasta. I read that too

you speak you own thoughts?

Also every body should contribute to my fundraiser.
it's wiki-tier but you just need to look at my face to believe me.

t. Fluffy Pony

...

Actually, it's dogecoin + tor.

yes, i assume everyone knows there's only one fully private coin right now. but people shilling shitcoins are doing it to make money, nobody actually believes that verge has anything going for it.

why waste energy your energy then?
afraid of something?
>dogedark + tor
???
where is monero is forked from?