Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Topic started by: cryptoworld1 on September 05, 2023, 05:40:21 AM
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
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of course, coin privacy will definitely survive, it's not that easy to shut down all existing coin privacy, just look at how monero - zcash and several other coin privacy still survive to this day, the rules regarding privacy are still protected, government intervention will not be as powerful that. what is no less important is that coin privacy developers must hide their identities, the government will definitely intervene with coin privacy developers if they are discovered.
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
Sure, I think privacy coins will survive if they are potential coin and very popular.
But if they don't have good project, I think will gone.
I see several investors prefer invest in privacy coins , because they feel is safer than other coins.
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I seriously doubt that privacy coins can continue to exist and be mentioned in next cycle. The 2020 cycle saw a sharp decline in interest in privacy coins as governments banned them to curb money laundering. Additionally, the emergence of crypto mix services has provided similar capabilities to users, making it difficult for privacy coins to compete. Exchanges are gradually phasing out privacy coins to continue operating legally.
From investing perspective, privacy coins such as ZEC, XMR, DASh have not been able to create new ATHs in 2021. This reduces investor expectations. There will still be privacy coin users in the market, but they will not be able to pump the price so that privacy coins continue to be mentioned regularly in market.
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I seriously doubt that privacy coins can continue to exist and be mentioned in next cycle. The 2020 cycle saw a sharp decline in interest in privacy coins as governments banned them to curb money laundering.
Yeah, privacy coin will ban but I think people still use this coins, maybe by VPN.
We know privacy coins can't be tracked, but still being favourite coins for transaction.
Monero is one of
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
Sure, I believe privacy coins will survive, although will be banned at many countries.
No worries about it.
I believe new privacy coins will be there.
No one can refuse the technology.
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With how the government is getting serious with its anti-privacy campaign, it is going to be a tough future for privacy coins. Centralized exchanges continue delisting them and it is now harder to use them in any centralized service. A time is coming when you'll prolly only be able to use privacy coins in p2p exchanges or in any form of privacy transactions, it is sad, but that is the reality.
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This will depend on the definition of privacy coins. Some blockchains have used privacy as a means to promote themselves, but over time and the fact that privacy is a bad thing may lead to you being a target for the authorities, I expect that 90% of the currencies that claim to be privacy currencies will expire or their value will be very low.
Monero will likely grow and will be able to be traded on some P2P DEXs.
So the future of privacy coins is clear, but the big question is what will happen to methods of enhancing privacy for non-privacy coins , for example Bitcoin mixers or privacy upgrades such as MIMBLEWIMBLE[1], which were integrated with litecoin.
Will we see governments asking litecoin to remove MIMBLEWIMBLE?
[1] Explaining MimbleWimble: the privacy upgrade to Litecoin (https://www.elliptic.co/blog/explaining-mimblewimble-the-privacy-upgrade-to-litecoin)
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Of course the will survive, as long as they stay decentralized.
So the future of privacy coins is clear, but the big question is what will happen to methods of enhancing privacy for non-privacy coins , for example Bitcoin mixers or privacy upgrades such as MIMBLEWIMBLE[1], which were integrated with litecoin.
Will we see governments asking litecoin to remove MIMBLEWIMBLE?
Are you pessimist for the future of coinjoin if we talk about BTC? I am surprised of how much bitcoiners are not aware of its existence.
It's an interesting question, will governments go so far as to ask devs to roll back features that already exist? That wouldn't be surprising...
Mixers could (in theory) always survive on a .onion domain, no?
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So the future of privacy coins is clear, but the big question is what will happen to methods of enhancing privacy for non-privacy coins , for example Bitcoin mixers or privacy upgrades such as MIMBLEWIMBLE[1], which were integrated with litecoin.
Will we see governments asking litecoin to remove MIMBLEWIMBLE?
Are you pessimist for the future of coinjoin if we talk about BTC? I am surprised of how much bitcoiners are not aware of its existence.
It's an interesting question, will governments go so far as to ask devs to roll back features that already exist? That wouldn't be surprising...
Mixers could (in theory) always survive on a .onion domain, no?
Well, to know this, I think we will first have to find out how long .onion domain have existed and what is the possiblity of the FBI or the government seizing such a domain or a site that is under such domain.
To this, I did a rather quick and undetailed research, and the answers I found aren't really definite, but then, one thing that stood out was that, if it was really possible to the government to seize such sites or domain, then they would have taken over the darkweb and all this organ trafficking sites that run on the darkweb.
This I think is a subject I will definitely want to give time to researching even more, for with all the current happenings in crypto and all the fights against privacy, I will love to know if privacy indeed have a chance of survival.
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Privacy coins may not take up space on regulated exchanges, but this does not mean they will disappear completely. They can find their audience and application where privacy plays a key role. As regulation evolves, regulators will develop more sophisticated methods to regulate privacy coins.
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So the future of privacy coins is clear, but the big question is what will happen to methods of enhancing privacy for non-privacy coins , for example Bitcoin mixers or privacy upgrades such as MIMBLEWIMBLE[1], which were integrated with litecoin.
Will we see governments asking litecoin to remove MIMBLEWIMBLE?
Are you pessimist for the future of coinjoin if we talk about BTC? I am surprised of how much bitcoiners are not aware of its existence.
It's an interesting question, will governments go so far as to ask devs to roll back features that already exist? That wouldn't be surprising...
Mixers could (in theory) always survive on a .onion domain, no?
Well, to know this, I think we will first have to find out how long .onion domain have existed and what is the possiblity of the FBI or the government seizing such a domain or a site that is under such domain.
Onion domains does exist for a very long time, Tor was released in 2002.
To seize this domain, they need to seize the server hosting it. Like they did with Chipmixer and their german DigitalOcean VPS for example.
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Mixers could (in theory) always survive on a .onion domain, no?
If they wanted to, they would. They tracked down TornadoCash which is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks[1]. They arrested the developer[2], blacklisted the service, made it illegal for US citizens, added the addresses to the OFAC list. , GitHub removed the Tornado Cash repository[3]
Mixers could (in theory) always survive on a .onion domain, no?
Not necessarily, the definition may include anything that makes it difficult to track your currencies, but coinJoin is not the problem as it can be blocked and Bitcoin will continue, but what will happen to privacy upgrades, such as MIMBLEWIMBLE with litecoin, since litecoin is not a privacy currency, but it has features that enhance privacy.
[1] https://en.wikipedia.org/wiki/Tornado_Cash
[2] https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/
[3] https://www.theregister.com/2022/08/10/github_tornado_cookies/
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
There are many types of people who want to make transactions in the crypto world.
There are those who prefer to use privacy coins, such as Monero. Because they think crypto is an anonymous world so why should we choose coins that are not private.
This is justified, Because I do it sometimes too.
So, We should do transactions that we comfort and confident..
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
Privacy coin is suitable for privacy transaction, So I think privacy coin will survive.
At the coming future, maybe investors prefer do transactions in privacy coin.
We don't know why..
Every people have own policy
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Maybe I don't underestimate privacy coins, but I have doubt this coin will survive.
Lately OKX ban Monero, hopefully other exchange don't do the same.
The government will against this coin.
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Privacy coins may not take up space on regulated exchanges, but this does not mean they will disappear completely. They can find their audience and application where privacy plays a key role. As regulation evolves, regulators will develop more sophisticated methods to regulate privacy coins.
There will be no sophisticated weapon fashioned against privacy coins other than the ones we have seen so far, that is going to be a heavy regulations and it's either people choose to accept it or simply walk away from it.
I fear the rate at which exchanges are delisting privacy coins, one day we may not see privacy coins again and their credibility will disappear completely. The centralized exchanges are been force to remove them, only Dexes will be our next place to get them and because of the complexity of the exchange, it might not interest people like before. Maybe will have more people that will use mixers to protect break the chain of inputs with kyc and the output that cannot be recognized.
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Maybe I don't underestimate privacy coins, but I have doubt this coin will survive.
Lately OKX ban Monero, hopefully other exchange don't do the same.
The government will against this coin.
They'll survive, but surely not in centralized exchanges and services that are under the regulation of the government. People use privacy coins to obsure the origin or history of their tx's and the government is anti-privacy, so they are automatically against privacy coins and that is why many exchanges are delisting them.
Privacy coins will survive in p2p exchanges and because of the way centralized exchanges operate, i think the appropriate place to use privacy coins should be in p2p exchanges that promote privacy and do not harvest people's data.
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While it is foreseen that privacy coins might not have a position in regulated cryptocurrency exchanges, the privacy coins will not be evaporated from the market cap, but rather will find audiences and venues where privacy is fundamental while regulators will become more sophisticated towards their approach to privacy ..
Government crack down on privacy coins is getting stronger. OKX delisting of Monero is not the last punch. In 2020, IRS placed a $625,000 dollar bounty for anyone that could hack the Monero protocol. So I'd expect more delisting by CEXs and more attack to make sure they go on extinction. The survival of these coins would rest entirely on DEXs. Since DEXs are not regulated or under government's control, I think the privacy coins will still be around but the continual attacks might have significant effect on their prices.
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The survival of these coins would rest entirely on DEXs. Since DEXs are not regulated or under government's control, I think the privacy coins would still be around but the continual attacks might have significant effect on their prices.
You're right, I think privacy coin will entirely on DEXs.
Not problem, If privacy coins banned on CEXs,
We can do transaction in DEX.
CEX is always depending and being controlled by the government.
The government will against privacy coins.
TBH, I still believe privacy coins will survive.
So,
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I think that confidential coins will not be able to survive in the future because regulators will pressure crypto exchanges and force them to get rid of such coins, of course they will be used on decentralized exchanges but it will not be so popular and because the price of confidential coins is always falling no one will buy and hold them.
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I think that confidential coins will not be able to survive in the future because regulators will pressure crypto exchanges and force them to get rid of such coins, of course they will be used on decentralized exchanges but it will not be so popular and because the price of confidential coins is always falling no one will buy and hold them.
I know the future of privacy coins does not look too good right now, the government do not want any privacy solutions to survive, and they even know that people use BTC->xmr->BTC swap or trade to hide traces of their tx, so the government will not allow privacy coins in platforms that they can control. However, if the demand for this privacy coins is high in p2p exchanges, and there is enough liquidity, then they are going to survive.
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I know the future of privacy coins does not look too good right now, the government do not want any privacy solutions to survive, and they even know that people use BTC->xmr->BTC swap or trade to hide traces of their tx, so the government will not allow privacy coins in platforms that they can control. However, if the demand for this privacy coins is high in p2p exchanges, and there is enough liquidity, then they are going to survive.
Yeah of course they will survive. People are still running nodes, and most of the major regulated CEX which still propose XMR (for example), does not control a major part of the supply imo. As we constantly saw with Binance, for years they were selling paper XMR, so I am pretty confident in their future from this point of view
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I know the future of privacy coins does not look too good right now, the government do not want any privacy solutions to survive, and they even know that people use BTC->xmr->BTC swap or trade to hide traces of their tx, so the government will not allow privacy coins in platforms that they can control. However, if the demand for this privacy coins is high in p2p exchanges, and there is enough liquidity, then they are going to survive.
Yeah of course they will survive. People are still running nodes, and most of the major regulated CEX which still propose XMR (for example), does not control a major part of the supply imo. As we constantly saw with Binance, for years they were selling paper XMR, so I am pretty confident in their future from this point of view
True it will survived and there are still crypto enthusiast that are going to used it obviously for privacy reasons. It's just the question of how the devs are going to improved because we all know that government are trying to break it down or at least some blockchain analytics could be developing tools to do their job, to sniff and follow the tracks and transactions and identify the addresses and then follow the footprints to try to unmasked the individual behind that address.
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I seriously doubt that privacy coins can continue to exist and be mentioned in next cycle. The 2020 cycle saw a sharp decline in interest in privacy coins as governments banned them to curb money laundering. Additionally, the emergence of crypto mix services has provided similar capabilities to users, making it difficult for privacy coins to compete. Exchanges are gradually phasing out privacy coins to continue operating legally.
For sure, privacy coins would have a big existential challenge in 2024 and beyond. Directly hit by the power of regulations by the government, privacy coins will be barred by big exchanges as they are afraid to have their business affected by not following orders from SEC or similar agencies so they need to toe the line and be like a sheep towards the slaughterhouse. In the eyes of the government, dealing with the usual cryptocurrencies is enough and they don't have a space for privacy coins concerns where things are really hidden and can be beyond their prying eyes. When we talk of going around the bush and deleting tracks, privacy coins can be the best choice and if I am allowed to decide on this issue this is one good option we should not just allow to be extinguished.
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I think that confidential coins will not be able to survive in the future because regulators will pressure crypto exchanges and force them to get rid of such coins, of course they will be used on decentralized exchanges but it will not be so popular and because the price of confidential coins is always falling no one will buy and hold them.
Who says that? They can just go underground. Actually all of the darknet sites using XMR did exactly that.
You don't see any price volatility in privacy coins usually, since nobody uses them very often owing to the fact that most exchanges don't offer them, but there will always be jurisdictions where privacy coins are perfectly fine.
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Maybe I don't underestimate privacy coins, but I have doubt this coin will survive.
Lately OKX ban Monero, hopefully other exchange don't do the same.
The government will against this coin.
Despite that I am a strong believer of cryptocurrency and all aspects of it. I believe exchanges will survive no matter how they are being controlled or censored by the government . Both CEX and DEX will continue to be in existence but one might change drastically from what it is known to be. In same vein, I believe privacy coins will be in existence no matter how much attack. But I am not so confident about that. If it is decentralized privacy coin, know that it is safe.