Zcash requires a Trusted Setup and Komodo was forked from Zcash - how secure is that setup?
Question taken from: https://bitcointalk.org/index.php?topic=1605144.msg17321751#msg17321751
I was reading this page:
And one of the drawback of Zcash was described as:
"Zcash requires a Trusted Setup. This means that you have to trust that the Zcash system was set up without any backdoors, potential for eavsdropping or monitoring of your transactions, or any other nefarious purposes. As we've seen with virtually all large software companies, such as Microsoft, Apple, and even governments, they can't be trusted. Trusting people you don't know in those positions makes no sense. Trusting in only math is better.
A Trusted Setup system also means that the Zcash developers could produce more Zcash at any time without anyone knowing, thus inflating the Zcash economy while making themselves rich. If a hacker gained access to the system, he could do the same thing...and nobody would necessarily know."
Will Komodo have these same flaws???