Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Zardbeig on February 07, 2023, 11:17:56 AM
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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?
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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.
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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.
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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.
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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 :)
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 (https://crp.is). 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.
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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 (https://crp.is). 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
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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.
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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.
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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.
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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.
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At the very least, it adds a few new features
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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.
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If a person understands what he is doing and he is smart enough, he will not be tracked if he uses monero correctly
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While it's true that using Monero correctly and taking appropriate precautions can reduce the risk of getting caught, it's important to recognize that no system is foolproof. Even if someone takes all the necessary steps to use Monero correctly, there may still be potential vulnerabilities that could be exploited by those with malicious intent.
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I am eagerly anticipating an update on the integration of the zero protocol into Shiba Inu, but I am beginning to doubt the feasibility of this implementation. The Shiba Inu community has been depending on the Ethereum blockchain for too long, and Shibarium has not lived up to its expectations. In my opinion, transforming Shiba Inu into a privacy coin through the zero protocol might not make sense. Instead, Shiba could consider issuing new assets on a more reliable and efficient blockchain like ZkSync.
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I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.
Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.
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I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.
Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.
I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.
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I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.
The problem of Shiba Inu "converting" into a private oin like Monero, for example, would be a waste of time and money. They should create their own blockchain, run endless tests for months, get funding to do all of that. So they should do a very complicated swap (how many Shiba Inu holders are there). After doing all that (which would be a miracle) they should have the acceptance of users and new investors. But none of that is going to happen, there are truly private alternatives on the market with years of development behind them and a community that offers full support.
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I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.
Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.
That's what I'm talking about, too. The idea of declaring yourself a future private coin is just an attempt to get attention. While we're in a bear market, they're in no hurry to pump their token to sell it to the hamster. But they need to stay visible and that's why they use news like this.
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Bear markets can be challenging, but they can also be an opportunity for investors to take a more cautious and critical approach. By carefully assessing the merits of a project and considering its long-term prospects, investors can make more informed decisions and avoid falling victim to manipulative or short-term strategies.
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Yes, you're absolutely right about really big capital being built in a bear market. By investing consistently during a bear market, you get to see strong growth in your cryptocurrency portfolio in the future.
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I think you're right. But I prefer to invest in new coins, cause they are more profitable, especially RADIX, invested there not very long time ago, and can say that they have pretty cool staking system and airdrops. Let's talk about this fantastic project
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I think you're right. But I prefer to invest in new coins, cause they are more profitable, especially RADIX, invested there not very long time ago, and can say that they have pretty cool staking system and airdrops. Let's talk about this fantastic project
Can you share more details please? As I'm just looking for new promising coins to invest.
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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.
I do not think that this can happen. Different people, need different clothes. I need more than one coin, because of different use cases.
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start from meme, become money?🤔
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start from meme, become money?🤔
It's a very interesting way to go. But really, it's just news that may never become true. It will be good if they are remembered at the next bulran.
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Shiba Inu (SHIB) Price Prediction for June 2023
- The CoinMarketCap community expects an average price of $0.00001111 for Shiba Inu ($SHIB) on June 30, 2023, a +62.91% increase from the current price.
- The crypto community's SHIB price predictions over the previous six months have averaged 83.95% accuracy, giving them a viable alternative to AI platforms.
- Despite optimistic price forecasts, Shiba Inu lost approximately 40,000 holdings in three days.
- Overall, Shiba Inu has made small progress despite regulatory pressure and lawsuits against major exchanges, the SHIB community is bullish on the token's valuation.
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I do not think that this can happen. Different people, need different clothes. I need more than one coin, because of different use cases.
I also have few coins in my wallet, but half of them are privacy coins that are mass delisted now from top exchanges. So where should I move in order not to lose them?
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You have to look at the hands in which your coins are concentrated. Most private coins are quite old and have a hard time showing growth. If your coins are in large whale purses, manipulation is likely possible.
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Okay, I hope that everything will be good and the only coin to keep far from is a meme coin for me. Moreover, I found a great airdrop that is held by the Utopia P2P ecosystem: https://twitter.com/UtopiaP2P/status/1669624485387939843 What impressed me most is that its prize pool is about $100 000 and you can win daily at any moment. Pretty interesting action!
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Okay, I hope that everything will be good and the only coin to keep far from is a meme coin for me. Moreover, I found a great airdrop that is held by the Utopia P2P ecosystem: https://twitter.com/UtopiaP2P/status/1669624485387939843 What impressed me most is that its prize pool is about $100 000 and you can win daily at any moment. Pretty interesting action!
That's great news. As far as I understand they are also a privacy coin? It is possible to participate, especially since the conditions are very simple
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Yes, you're right, it's a privacy coin. And it's not the worst decision how to spend this time. Especially while there are such an airdrops that don't require any activity, you just have to run a software and stay online. Great!
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Great conditions. They sound very simple "Use our product and be rewarded. I think it's very cool and as friendly as possible for old users and new ones.
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I'm also collecting coins as now there's no sense selling them. But I don't believe that the growth will happen in the nearest time. I also wonder why they don't list more privacy coins on their exchange as more and more exchanges are delisting it now.
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I don't think so. As the coin is not very serious like the ones you listed. ;D
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I'm also collecting coins as now there's no sense selling them. But I don't believe that the growth will happen in the nearest time. I also wonder why they don't list more privacy coins on their exchange as more and more exchanges are delisting it now.
I expect growth in six months at the earliest. I think we will see an upturn by early next year. We saw something like that this year. It will be the same in 2024, and we will see good growth in January-February.
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I watch after this project for about 3 years already and I think only once there was a growth when Crypton reached 1$. But as you can see now, it's below $0.5 already... I have no idea how it works..
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Now the boom of memcoins and as a result of this people lose a lot of money, although there are projects in which it is enough to throw 20 dollars and participate in games on the platform TFS web3 quest and get part of the prize fund, it is much easier than looking for the moment in which memcoin to invest again
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Now the boom of memcoins and as a result of this people lose a lot of money, although there are projects in which it is enough to throw 20 dollars and participate in games on the platform TFS web3 quest and get part of the prize fund, it is much easier than looking for the moment in which memcoin to invest again
That's a good idea. This way you can easily win money to invest it in the same memcoins and try your luck and even if you don't succeed, it won't be a pity.
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Hello! It's interesting to hear about Shiba Inu (SHIB) potentially becoming a privacy coin with the introduction of Bermuda's support and the upcoming Shibarium protocol. While adding privacy features to a coin is possible, the impact on its rate can vary and is influenced by various factors. Market dynamics, demand, and adoption play significant roles in determining the rate's growth. It will be interesting to see how these developments unfold for Shiba Inu.
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Hello! It's interesting to hear about Shiba Inu (SHIB) potentially becoming a privacy coin with the introduction of Bermuda's support and the upcoming Shibarium protocol. While adding privacy features to a coin is possible, the impact on its rate can vary and is influenced by various factors. Market dynamics, demand, and adoption play significant roles in determining the rate's growth. It will be interesting to see how these developments unfold for Shiba Inu.
So far they haven't created anything was just news. My personal opinion is that it will remain news and they will not create any technical actions.
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Now the boom of memcoins and as a result of this people lose a lot of money, although there are projects in which it is enough to throw 20 dollars and participate in games on the platform TFS web3 quest and get part of the prize fund, it is much easier than looking for the moment in which memcoin to invest again
Meme coins are not hyping anymore, NFT and web3 are on hype, and AI coins also. But I don't quite understand what's the cuteness and uniqueness of AI coins. As well as NFT. I don't like holding some pictures that may be not interesting to anyone.
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Overall, it is not advisable to believe that only one cryptocurrency is the absolute best among all the options. The market offers a wide array of choices, and each cryptocurrency has its unique advantages. Personally, I cannot endorse the idea of supporting only a single cryptocurrency while ignoring the diversity present in the entire market.
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Privecy is very important but usually private coins have problems with regulators. That is why it is necessary to be very carefull with privacy.
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There are many altcoins that you can make money from and you don't have to mess with anonymous coins at all. That's why I have long been risk-averse and don't keep coins that position themselves as anonymous in my portfolio.
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Privecy is very important but usually private coins have problems with regulators. That is why it is necessary to be very carefull with privacy.
No matter private coins have problems with regulators, you can simply use no KYC decentralized exchanges like Crypton exchange from Utopia P2P https://crp.is/ and no one will never know about your earnings and holdings. That's simple.
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This is great, but there is a big disadvantage in that there are very few trading pairs! It is a pity that the exchange does not hold listings. If there were a few dozen altcoins this exchange could become more popular.
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Crypton exchange may have chosen to focus on quality over quantity when it comes to trading pairs. By offering a select few trading pairs, they can prioritize the security, liquidity, and overall trading experience for their users. Maintaining a smaller number of trading pairs allows the exchange to conduct thorough due diligence on each listed asset, reducing the risk of potential scams or low-quality projects.
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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.
I also like $ARRR
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Their blockchain launch is just around the corner. Over the past week, the price has experienced a 25% increase. I anticipate that as the blockchain launch date approaches, we might witness a further slight price uptick. However, it's important to note that after the news is officially announced, a price correction is quite likely to occur.
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Their blockchain launch is just around the corner. Over the past week, the price has experienced a 25% increase. I anticipate that as the blockchain launch date approaches, we might witness a further slight price uptick. However, it's important to note that after the news is officially announced, a price correction is quite likely to occur.
Don't you want to clarify which blockchain do you mean??
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I meant SIBA.
It was big news and I thought everyone was aware of it.
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There are big news every day and no one can read your thoughts. And I haven't heard of it because it's out of my interest, probably. I prefer to follow more popular projects that will surely have a bright future.
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There are big news every day and no one can read your thoughts. And I haven't heard of it because it's out of my interest, probably. I prefer to follow more popular projects that will surely have a bright future.
Hey, maybe you should just read the thread you're posting in?
If you're not interested, why are you even in the SHIBA token thread?
Do you prefer to follow other projects? So go and follow, why do you write something here if you don't even understand anything.
I write to you about SHIBA news in the topic dedicated to SHIBA and you attack me?
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Calm down, man, that's my thread and I will post here whatever I want, okay? Moreover, you just write not connected to each other messages, not mentioning others discussing something else. Seems like you have problems with your nerves..
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If this is your topic and you are interested in it then why are you unaware of such a big news and you are forced to interject which coin I am talking about. Sounds like you need to get your attention span fixed. Or just don't create topics that you are not interested in.