follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Shiba Inu turns into privacy coin like Monero or ZCash?  (Read 10616 times)

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Shiba Inu turns into privacy coin like Monero or ZCash?
« on: February 07, 2023, 11:17:56 AM »
According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

  • The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
  • The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
   

Altcoins Talks - Cryptocurrency Forum

Shiba Inu turns into privacy coin like Monero or ZCash?
« on: February 07, 2023, 11:17:56 AM »

For Monthly biddings Check Here


Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #1 on: February 14, 2023, 10:45:39 AM »
According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

  • The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
  • The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
   

I would not invest in this coin! The token has definitely evolved into something more and promising than just a meme coin, but Monero and Zcash remain the undisputed leaders.


Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #2 on: February 14, 2023, 11:36:09 AM »
I think you're right. Being myself a fan of Monero and Crypton, which are from the very beginning structured as privacy coins, I feel unconscious about such attempt to make coin private.

Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #3 on: February 21, 2023, 09:11:08 AM »
I think you're right. Being myself a fan of Monero and Crypton, which are from the very beginning structured as privacy coins, I feel unconscious about such attempt to make coin private.

Monero can also have vulnerabilities. Even if there are no vulnerabilities at the moment, there may be ways to get some information through Monero privacy vulnerabilities in the future.

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #4 on: February 21, 2023, 09:50:31 AM »
On the whole, that's a wrong way to consider only one coin to be best of the best. There's a wide choice and each has its own advantages, but I'll never supporting only 1 crypto from the whole market :)

Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #5 on: February 28, 2023, 10:46:42 AM »
On the whole, that's a wrong way to consider only one coin to be best of the best. There's a wide choice and each has its own advantages, but I'll never supporting only 1 crypto from the whole market :)

Yes, the choice is large, but it is important to understand the uniqueness of the coin and its market value. In the future, some coin may and may end Monero's dominance, but certainly not soon.

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #6 on: February 28, 2023, 11:20:11 AM »
Regarding Monero, it has been a dominant privacy coin for a while now, and it is hard to say when or if another coin will dethrone it. However, the cryptocurrency market is known for its volatility and unpredictability, so it is always possible for new coins to gain traction and popularity.

Altcoins Talks - Cryptocurrency Forum

Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #6 on: February 28, 2023, 11:20:11 AM »


Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #7 on: March 07, 2023, 03:22:12 AM »
Regarding Monero, it has been a dominant privacy coin for a while now, and it is hard to say when or if another coin will dethrone it. However, the cryptocurrency market is known for its volatility and unpredictability, so it is always possible for new coins to gain traction and popularity.
Well, so far, not a single coin is gaining momentum. Monero is still in the lead. Monero is driven by two important concepts: hidden addresses and ring signatures.Therefore, it is not so easy for new privacy coins to catch on.

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #8 on: March 07, 2023, 09:02:05 AM »
However, I would argue that the cryptocurrency market is constantly evolving, and new privacy coins with innovative solutions may emerge in the future. While it may be challenging for new privacy coins to gain traction, it's not impossible.

It's important to remember that different privacy coins may have unique features and use cases that may appeal to different types of users. As the demand for privacy and anonymity in cryptocurrency transactions grows, we may see an increased adoption of new privacy coins that offer improved features and security.

Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #9 on: March 14, 2023, 10:57:16 AM »
However, I would argue that the cryptocurrency market is constantly evolving, and new privacy coins with innovative solutions may emerge in the future. While it may be challenging for new privacy coins to gain traction, it's not impossible.

It's important to remember that different privacy coins may have unique features and use cases that may appeal to different types of users. As the demand for privacy and anonymity in cryptocurrency transactions grows, we may see an increased adoption of new privacy coins that offer improved features and security.

I hope that someday there will be one cryptocurrency that can satisfy all the needs of users. Now many projects are being created and maybe over time, most of the shortcomings of cryptocurrencies will be eliminated, and there will be one, which will suit everyone.

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #10 on: March 14, 2023, 11:34:18 AM »
There is already one that suits everyone and it's Bitcoin. Even if you want to use it anonymously - you can trade it on no kyc decentralized exchanges and store it on decentralized wallets. But ofc it's hard to hop in now as the rate is still quite high.

Offline OpenCEX

  • Baby Steps
  • *
  • Activity: 41
  • points:
    2312
  • Karma: 2
  • Open source & free
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 24, 2023, 10:33:50 AM
    • View Profile

  • Total Badges: 7
    Badges: (View All)
    Karma 10 Posts Signature
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #11 on: March 14, 2023, 09:50:20 PM »
On the one hand, this is pleasing. It’s a useful feature, and it can affect the price of SHIB.
But on the other hand, large crypto exchanges may start to delist SHIB. This happened with LTC when it added support for MimbleWimble.
Free open-source crypto exchange engine OpenCEX: https://polygant.net/opencex/
Source code: https://github.com/Polygant/OpenCEX
Telegram group chat: https://t.me/opencex

Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #12 on: March 20, 2023, 04:01:02 PM »
There is already one that suits everyone and it's Bitcoin. Even if you want to use it anonymously - you can trade it on no kyc decentralized exchanges and store it on decentralized wallets. But ofc it's hard to hop in now as the rate is still quite high.
Those who did not have time to buy bitcoin when the price was at its lowest level, bitcoin is unlikely to suit. Too much money needs to be invested to get at least one bitcoin. It is better to purchase alternative coins.

Offline Zardbeig

  • Full Member
  • *
  • *
  • *
  • Activity: 290
  • points:
    12450
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2023, 10:27:19 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #13 on: March 21, 2023, 11:55:48 AM »
On the one hand, this is pleasing. It’s a useful feature, and it can affect the price of SHIB.
But on the other hand, large crypto exchanges may start to delist SHIB. This happened with LTC when it added support for MimbleWimble.
Shiba's price is pretty terrific nowadays, especially looking on its Market Cap. It seems that it's impossible to return the previous popularity, that's why such news appear. Just to remind investors that Shiba is still here and nothing else.

Offline Marryan

  • Sr. Member
  • *
  • Activity: 442
  • points:
    11337
  • Karma: 1
  • Chillin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 20, 2023, 05:41:05 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
« Reply #14 on: March 28, 2023, 08:58:19 AM »
On the one hand, this is pleasing. It’s a useful feature, and it can affect the price of SHIB.
But on the other hand, large crypto exchanges may start to delist SHIB. This happened with LTC when it added support for MimbleWimble.
Shiba's price is pretty terrific nowadays, especially looking on its Market Cap. It seems that it's impossible to return the previous popularity, that's why such news appear. Just to remind investors that Shiba is still here and nothing else.

If you choose from meme-coins, then I would prefer the Dogecoin coin. Dogecoin has a passionate and active community of users and developers who are committed to the long-term success of the project.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod