Will privacy coins survive?

[BitMaxz]

The fact is the whole scenario is more like the phrase privacy and Decentralisation enthusiast are fond of using which is " the government isn't a fan of privacy" and " the government don't like what they can't control" . The fact is definitely privacy coins will hold up but their struggle in progress would be more of adoption and also one for price too.
The problem is the government have put out so many rules and regulations that make privacy coins seem like illegal and that is basically the reason you can't find them on a great deal of centrallised exchanges. The whole thing seems more like they were taken off grid.

Actually, government already have some ways to discourage people from using privacy coins, they do it by using influencers that make privacy coins die from time to time.
However, this monero is still strong; even though they removed this coin from big exchanges like Binance, OKX, and other top exchanges, it is still gaining a price pump. It seems that this is going to reach the old ATH price; it is still bullish, and still many transactions were being made lately.
I think there's no problem about privacy coins and it shouldn't be illegal; other people just want privacy just to avoid other people monitoring their wallet.

I think Monero should make a cross-chain, I guess into another network, just to make this coin alive in big exchanges, and if the government wants to monitor transactions, because we do not know how long this Monero will last to some exchanges. What do you think?

[Mia Chloe]

Actually, government already have some ways to discourage people from using privacy coins, they do it by using influencers that make privacy coins die from time to time.
However, this monero is still strong; even though they removed this coin from big exchanges like Binance, OKX, and other top exchanges, it is still gaining a price pump. It seems that this is going to reach the old ATH price; it is still bullish, and still many transactions were being made lately.
I think there's no problem about privacy coins and it shouldn't be illegal; other people just want privacy just to avoid other people monitoring their wallet.

Privacy coins are losing popularity as time goes by basically the government has made the atmosphere so thin for them that it's almost like impossible to make use of them regularly. Because of some major rules and regulations put in place by the government many centralized exchanges do not make use of privacy coins obviously to not go against the government.

The main thing that the government to be able to do is take the privacy coins of grid however most decentralized exchanges will still make use of them since they don't offer KYC in the first place.

[TBaaddi]

They are unstoppable. Monero is currently experiencing the kind of state and corporate oppression that Bitcoin faced around 2015.

It will work about as well as that did.

[Trongduy]

Privacy coins are losing popularity as time goes by basically the government has made the atmosphere so thin for them that it's almost like impossible to make use of them regularly. Because of some major rules and regulations put in place by the government many centralized exchanges do not make use of privacy coins obviously to not go against the government.

The main thing that the government to be able to do is take the privacy coins of grid however most decentralized exchanges will still make use of them since they don't offer KYC in the first place.

We can totally see how governments are shaking things up in the crypto world! Just a little nudge on those CEXs and a bit of pressure on privacy coins, and poof! Those coins might just lose their mojo and have a tough time pumping up their prices in the long run. Heck, a bunch of privacy coins have already been given the boot from the big CEX parties, leaving them to hang out mostly on DEXs and a few of those "don't tell the government" CEXs.

Now, for us regular investor folks, there aren't too many hands shooting up to throw dollars at privacy coins. The crypto playground is still packed with way more tempting toys, like BTC and ETH.

[Mia Chloe]

We can totally see how governments are shaking things up in the crypto world! Just a little nudge on those CEXs and a bit of pressure on privacy coins, and poof! Those coins might just lose their mojo and have a tough time pumping up their prices in the long run.

Trump trashed the crypto space in my opinion. Sincerely I would have preferred that bitcoin gradually grew in price like it was before trump won the election. I actually see it better the sudden rush to $100k and then back down to 75k in just a couple of weeks.

To be honest upon the hype with Ethereum back then I really didn't indulge in it that much. And for the record too, CEX are mostly after personal gains.

[Gurujebs]

They are unstoppable. Monero is currently experiencing the kind of state and corporate oppression that Bitcoin faced around 2015.

It will work about as well as that did.

Bitcoin isn't a privacy coin and it's not been used to launder money while the perpetrators hide under it and because it was becoming difficult for the government to track them, the government forced the centralized exchanges to delist it. If you see Montero trading on any tier A exchange, consider it a ticking time bomb because it will soon be dlisted.

Privacy coins are good by the way but they are too private that government don't know anything about sender and receiver, they have to completely let it go unlike Bitcoin where you can have some level of privacy but you can't do bad things underneath because it's not completely private.

[ABCbits]

They are unstoppable. Monero is currently experiencing the kind of state and corporate oppression that Bitcoin faced around 2015.

It will work about as well as that did.

Bitcoin isn't a privacy coin and it's not been used to launder money while the perpetrators hide under it and because it was becoming difficult for the government to track them, the government forced the centralized exchanges to delist it. If you see Montero trading on any tier A exchange, consider it a ticking time bomb because it will soon be dlisted.

Privacy coins are good by the way but they are too private that government don't know anything about sender and receiver, they have to completely let it go unlike Bitcoin where you can have some level of privacy but you can't do bad things underneath because it's not completely private.

I think you missed @TBaaddi point. In past, some media news sometimes report Bitcoin is anonymous and used by criminal (especially because Silk Road). But Bitcoin still alive and popular today. So there's possibility Monero will survive negative perception shown by media news. After all, bank is most popular choice to perform money laundering.

[KryptoBull]

Bitcoin isn't a privacy coin and it's not been used to launder money while the perpetrators hide under it and because it was becoming difficult for the government to track them, the government forced the centralized exchanges to delist it. If you see Montero trading on any tier A exchange, consider it a ticking time bomb because it will soon be dlisted.

Privacy coins are good by the way but they are too private that government don't know anything about sender and receiver, they have to completely let it go unlike Bitcoin where you can have some level of privacy but you can't do bad things underneath because it's not completely private.

Transaction details can always be found on the Btc blockchain, so BTC isn't a privacy coin. Lots of folks wish Btc would go in that direction, but thankfully Satoshi didn't do that. BTC should totally be eligible for widespread global adoption!

Privacy coins have their own value, but sadly they don't really fit with regulations and anti-money laundering stuff. I don't have a particular need to use them, and I don't see any investment opportunities, so I'll be on the sidelines watching how this special group of tokens develops.