Shiba Inu turns into privacy coin like Monero or ZCash?

[Zardbeig]

And I won't choose any meme coin at all.. I don't like the way they behave. It's possible to earn on the early stage only and that's not my strategy at all.

[ShadowCrypto]

Privacy coins like Monero and ZCash, on the other hand, are designed to provide users with a high degree of anonymity and privacy when conducting transactions. They use various technologies to obfuscate the sender, receiver, and transaction amount, making it difficult to trace transactions on the blockchain.

[RealCryptoTrader]

i don't think there's any privacy coin they let you believe that and if the government want any transaction history they can get it easily.

[Marryan]

i don't think there's any privacy coin they let you believe that and if the government want any transaction history they can get it easily.

If you use privacy coins with a high level of protection, then no one will be able to track your transactions. Even the government can't trace. This is why people value privacy coins so much.

[Zardbeig]

While it's true that privacy coins offer enhanced privacy and security features, it's important to note that complete anonymity is not always guaranteed. In fact, some privacy coins have faced criticism for being used in illegal activities, such as money laundering and tax evasion, which has led to increased regulatory scrutiny. Moreover, while transactions on privacy coins may be more difficult to trace, they are not completely untraceable. For example, governments and law enforcement agencies have employed various techniques to trace the flow of funds on privacy coins, such as analyzing transaction patterns and monitoring exchanges.

[Marryan]

While it's true that privacy coins offer enhanced privacy and security features, it's important to note that complete anonymity is not always guaranteed. In fact, some privacy coins have faced criticism for being used in illegal activities, such as money laundering and tax evasion, which has led to increased regulatory scrutiny. Moreover, while transactions on privacy coins may be more difficult to trace, they are not completely untraceable. For example, governments and law enforcement agencies have employed various techniques to trace the flow of funds on privacy coins, such as analyzing transaction patterns and monitoring exchanges.

Yes, it is true. Although privacy coins are designed to provide advanced privacy and security features, complete anonymity is not always guaranteed. There are several factors that can affect the privacy of cryptocurrency transactions, including the way transactions are conducted, the technology used, and user behavior.

[Zardbeig]

If you look for the private crypto transactions - use privacy coins. In case with Bitcoin, you can use decentralized no KYC exchanges like Crypton exchange. But you also have to use decentralized wallets in order not to be tracked. It's a complex way, but there's always a way out.

[Marryan]

If you look for the private crypto transactions - use privacy coins. In case with Bitcoin, you can use decentralized no KYC exchanges like Crypton exchange. But you also have to use decentralized wallets in order not to be tracked. It's a complex way, but there's always a way out.

Never used this exchange. But I've read a lot of good reviews about it. I'll bookmark it, it might come in handy in the future. In the meantime, it’s too early to sell Bitcoin, it’s growing too well and we have been in a bear market for a very long time. I don't think need to sell it cheaper than 38k

[Zardbeig]

It's always a good idea to keep track of reputable exchanges, and it's great that you've found one that you may be interested in using in the future. When it comes to Bitcoin, it's true that the market has been experiencing a bullish trend recently, and many investors are optimistic about the long-term potential of the asset.

[Marryan]

I hope they add more tokens. Like the Shibu Inu. Although this is a meme token it has huge volumes and there is always an opportunity to earn on such an asset. With a large amount even 5% of the profit is a very tangible income. If they increase the number of trading pairs then this will give a good impetus to the further development of the exchange.

[Zardbeig]

In terms of exchange development, adding more trading pairs can certainly help attract new users and increase trading volume. However, it's also important for exchanges to carefully vet the tokens they add to ensure they meet certain standards of quality, security, and regulatory compliance.

Overall, while the addition of new tokens can certainly be a positive development for exchanges and investors alike, it's important to approach any investment with caution and do your own due diligence to minimize potential risks and maximize potential rewards.

[Marryan]

i don't think there's any privacy coin they let you believe that and if the government want any transaction history they can get it easily.

You are right that they can have it. But you are wrong when you say they can do it easily.  In fact, it's very complicated and there are entire companies that need a lot of money to maintain them. If we are talking about anonymous coins like XMR then only in 7% of cases can we trace the transaction and find the supposed owner. And that number can be even lower if everyone keeps strict rules about anonymity of transactions.

[Cherrysix]

At the very least, it adds a few new features

[Zardbeig]

You are right that they can have it. But you are wrong when you say they can do it easily.  In fact, it's very complicated and there are entire companies that need a lot of money to maintain them. If we are talking about anonymous coins like XMR then only in 7% of cases can we trace the transaction and find the supposed owner. And that number can be even lower if everyone keeps strict rules about anonymity of transactions.

The use of ring signatures, stealth addresses, and confidential transactions makes it very difficult to trace transactions on the Monero blockchain. However, even though Monero provides strong privacy features, it's not a guarantee of complete anonymity. In some cases, sophisticated forensic analysis techniques can be used to identify users. Additionally, there have been instances where vulnerabilities have been found in Monero's privacy features.

[Marryan]

If a person understands what he is doing and he is smart enough, he will not be tracked if he uses monero correctly