Will privacy coins survive?

[densus88]

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.

[Gurujebs]

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.

[Z-tight]

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.

[Sokani]

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.

[DAMKAR]

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,

[Wiseman]

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.

[Z-tight]

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.

[paid2]

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

[Jating]

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.

[TomPluz]

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.

[NotATether]

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.

[KingsDen]

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.