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by cowtools 1396 days ago
Those are protocols, not necessarily cryptocurrencies[0][1]. They were originally designed as improvements to the bitcoin network, but that never came into fruition due to stubborn bitcoiners like you who refuse to improve the network.

The Cryptonote[2] and Zerocoin[3] whitepapers were published back in 2013/2014 and made some pretty important security improvements to the bitcoin network. I suggest giving them a read. Many of the systems that were once designed for Bitcoin, such as P2Pool now work on projects like cryptonote[4]. We have also designed a proof-of-work system that is completely CPU-bound (you can mine it on your home computer as satoshi intended)[5].

Also, the cryptonote/zerocoin-derived cryptocurrencies are hardly shitcoins seeing as they have effectively displaced Bitcoin's original use-case as of this year.

[0] https://en.bitcoin.it/wiki/CryptoNote

[1] https://en.wikipedia.org/wiki/Zerocoin_protocol

[2] https://web.archive.org/web/20190214045623/https://cryptonot...

[3] https://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

[4] https://github.com/SChernykh/p2pool

[5] https://github.com/tevador/RandomX