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.
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Privacy coins will survive due to the fact that it's investors are kept very private from the government and public, and that privacy is the reason why investors will patronize such project.
Where there will be issue is the project developers. They will be watched closely by the government, as they are the brain the projects.
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Like the answer of others, my answer is yes, they can still survive. Why did I say? because until now Zcash, Dash, Xmr, and Beam still exist; these are just a few of the privacy coins that I know that, until now, you can still see them listed in the top exchanges in the crypto market.
Even among the less well-known exchange dex or cex platforms, the others here are also listed, meaning how many years they have been in this field of crypto business, they have somehow evolved.
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Privacy coins will survive due to the fact that it's investors are kept very private from the government and public, and that privacy is the reason why investors will patronize such project.
Where there will be issue is the project developers. They will be watched closely by the government, as they are the brain the projects.
Developers are the first target when a project becomes popular. We saw what happened to Telegram CEO he is closely under supervision by Macron. Government business is just extorting people just like what they do to Elon Musk.
The best way for privacy coins to survive is for the developers to stay anonymous so that there is no one to pin just like Satoshi keeping his identity to himself.
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Privacy coins will survive due to the fact that it's investors are kept very private from the government and public, and that privacy is the reason why investors will patronize such project.
Where there will be issue is the project developers. They will be watched closely by the government, as they are the brain the projects.
Developers are the first target when a project becomes popular. We saw what happened to Telegram CEO he is closely under supervision by Macron. Government business is just extorting people just like what they do to Elon Musk.
The best way for privacy coins to survive is for the developers to stay anonymous so that there is no one to pin just like Satoshi keeping his identity to himself.
Yes, but there are still privacy coins that is still in existence as of today even if the developers are well-known. So they will survived for sure, but it's going to be a long battle against the government as we all know that government doesn't want people to be private, not in crypto.
However, the privacy game is so advance now that no government can really put a stop on it. Haven't heard though new privacy crypto that is coming, so I guess there will be none because the current breed is already good, they will just have to upgrade their protocols to be one step ahead of the game.
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Privacy coins will survive due to the fact that it's investors are kept very private from the government and public, and that privacy is the reason why investors will patronize such project.
Where there will be issue is the project developers. They will be watched closely by the government, as they are the brain the projects.
Op has a point same as you do too. The concept of things off grid or extremely private things that have to be done online is what makes the idea that privacy coins will continue to exist except the fact that they may become less popular since only fewer people may make use of it because of both accessibility and flexibility of usage.
However from the Op's point of view, it's more like with the way the government seems to be taking them off the crypto space indirectly, it may actually pose a threat to their continuous usage. Currently you hardly come across Centralised exchanges that offers privacy coins and if you check you will find out that most people make use of CEX.
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It is certainly not going to be easy by governments to remove privacy coins out of the crypto economy. There are actually individuals, organizations, company, who needed privacy on their various activities, and naturally man has some elements of privacy in everyday leaving because of the unknown.
Again, governments knows the importance of privacy, even though they will like to act as people vested with authority and power. It is then important to note that privacy is a right, though some people will like to abuse this right, working different kinds of mischief and ilicit activities, but privacy is part of life.
In addition, i think privacy coins will continue to exist, because, even government itself has some private activities, and besides the fact that they are governments, they are humans, though operating as a body.
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It is certainly not going to be easy by governments to remove privacy coins out of the crypto economy. There are actually individuals, organizations, company, who needed privacy on their various activities, and naturally man has some elements of privacy in everyday leaving because of the unknown.
Again, governments knows the importance of privacy, even though they will like to act as people vested with authority and power. It is then important to note that privacy is a right, though some people will like to abuse this right, working different kinds of mischief and ilicit activities, but privacy is part of life.
In addition, i think privacy coins will continue to exist, because, even government itself has some private activities, and besides the fact that they are governments, they are humans, though operating as a body.
Government was trying crack Monero and even want to pay whoever can crack it. This is how they respect privacy where the private people are exposed.
It's no wonder people are using more and more of the Bitcoin mixers. But looks at how they also treat mixers today, the have been jailing those owners. Sooner those guslys are not just mixing BTC but mixing Zcash or XMR to make it more private.
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Government was trying crack Monero and even want to pay whoever can crack it. This is how they respect privacy where the private people are exposed.
It's no wonder people are using more and more of the Bitcoin mixers. But looks at how they also treat mixers today, the have been jailing those owners. Sooner those guslys are not just mixing BTC but mixing Zcash or XMR to make it more private.
I've never considered mixers for ZEC and XMR, since they are already privacy coins and have always protected user anonymity. They are still providing this feature as a mission of crypto that we talked about in 2017 but unfortunately, it is this very anonymity feature that is causing them a lot of difficulties in continuing to exist and grow in the market.
Governments are trying every way to limit the popularity of privacy coins and cause them to be delisted from CEXs. They can still exist through DeFi but it is clear that liquidity has been severely damaged and ordinary investors will not tend to choose privacy coins for their portfolios. I think the golden age of privacy coins has passed, they will continue to exist but there will be no ATH on the price chart for investors.
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I love how some say well doesn't matter what the government does, investors will still...
Have you actually taken a look at what investors think of privacy coins?
Monero is just below $200 , it was over $500 the last bull run, the other two are not even worth counting, Monero had 20k transactions yesterday, there are single Walmarts superstores that get more clients in a day.
Millionsn are doing KYC one every shady 4exchnge for some $5 and some are still delusional that the masses care about privacy, well, newsflash, average Joe doesn't care!
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Government was trying crack Monero and even want to pay whoever can crack it. This is how they respect privacy where the private people are exposed.
It's no wonder people are using more and more of the Bitcoin mixers. But looks at how they also treat mixers today, the have been jailing those owners. Sooner those guslys are not just mixing BTC but mixing Zcash or XMR to make it more private.
Zcash and Monero mixers? I'm 99% confident those mixer aim to steal any XMR or ZEC you send to them. And even if it's not scam, you still need to trust them not to log any data.
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I love how some say well doesn't matter what the government does, investors will still...
Have you actually taken a look at what investors think of privacy coins?
Monero is just below $200 , it was over $500 the last bull run, the other two are not even worth counting, Monero had 20k transactions yesterday, there are single Walmarts superstores that get more clients in a day.
Millionsn are doing KYC one every shady 4exchnge for some $5 and some are still delusional that the masses care about privacy, well, newsflash, average Joe doesn't care!
I suppose the privacy coins do have a degree of usefullness so I guess anyone who wants to use or is interested are already invested but for tearing away everyone else from their speculative altcoins its probably not going to happen unfortunately.
So I guess they will survive as a utility coin rather than something people will expect to make massive profits from.
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I love how some say well doesn't matter what the government does, investors will still...
Have you actually taken a look at what investors think of privacy coins?
Monero is just below $200 , it was over $500 the last bull run, the other two are not even worth counting, Monero had 20k transactions yesterday, there are single Walmarts superstores that get more clients in a day.
Millionsn are doing KYC one every shady 4exchnge for some $5 and some are still delusional that the masses care about privacy, well, newsflash, average Joe doesn't care!
I suppose the privacy coins do have a degree of usefullness so I guess anyone who wants to use or is interested are already invested but for tearing away everyone else from their speculative altcoins its probably not going to happen unfortunately.
So I guess they will survive as a utility coin rather than something people will expect to make massive profits from.
Yes, privacy coins has some usefulness just like other altcoins out there, the difference is just that they have concrete anonymous factor that distinguish them from other altcoins.
Considering privacy coins investments, actually there were institutions that had invested on some of these privacy coins but because of government fights to stop them, many investors has sold off their coins, causing a doubt on privacy coins continuing existence.
As a matter facts, government fights to stop privacy coins has lead to low volume and price dwindling, however I think that privacy coins will definitely strive to continue and the uses of them will keep rising in near future.
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Of course that they will survive. They have too much practical use to be abandoned easy. I am talking about the big and very well known projects. If there is a new project I cannot say, yet...
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Yes, privacy coins has some usefulness just like other altcoins out there, the difference is just that they have concrete anonymous factor that distinguish them from other altcoins.
Considering privacy coins investments, actually there were institutions that had invested on some of these privacy coins but because of government fights to stop them, many investors has sold off their coins, causing a doubt on privacy coins continuing existence.
As a matter facts, government fights to stop privacy coins has lead to low volume and price dwindling, however I think that privacy coins will definitely strive to continue and the uses of them will keep rising in near future.
We all know that many governments are trying to stop privacy coins because they are considered dangerous, because privacy coins are very anonymous so that the government's suspicion is that these coins are used for illegal activities.
that's why we see the development of privacy coins as being hampered.
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Government was trying crack Monero and even want to pay whoever can crack it. This is how they respect privacy where the private people are exposed.
It's no wonder people are using more and more of the Bitcoin mixers. But looks at how they also treat mixers today, the have been jailing those owners. Sooner those guslys are not just mixing BTC but mixing Zcash or XMR to make it more private.
Monero was too powerful that it became a tool for some people to explore, they were doing it in a way that it was noticeable and the government tried to know the way forward, they did all to break it because it's not like Bitcoin that is pseudonym where transactions can be seen openly and instead they ban it completely, this is why mixers are not welcome too.
By human right, everyone has ways to his full privacy but the government turn a blind eye when it comes to crypto privacy. If indeed there is a way they can change this privacy for crypto, they will turn it upside down but it's impossible because freedom is freedom and that's what you can't take a way from people.
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By human right, everyone has ways to his full privacy but the government turn a blind eye when it comes to crypto privacy. If indeed there is a way they can change this privacy for crypto, they will turn it upside down but it's impossible because freedom is freedom and that's what you can't take a way from people.
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.
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I love how some say well doesn't matter what the government does, investors will still...
Have you actually taken a look at what investors think of privacy coins?
Monero is just below $200 , it was over $500 the last bull run, the other two are not even worth counting, Monero had 20k transactions yesterday, there are single Walmarts superstores that get more clients in a day.
Millionsn are doing KYC one every shady 4exchnge for some $5 and some are still delusional that the masses care about privacy, well, newsflash, average Joe doesn't care!
because the average person has shit to lose if they get caught hiding income in most countries.
So people that really want true privacy tend to be highly illegal people.
Hey I can pay a person with btc and not let the person know I have 1 coin or 2 coins or 20 coins in my address by simply using cash on a legit exchange to buy the btc and send it.
So no one knows the amount of btc I have.
So the argument that I don’t want to reveal how much coin is in my wallet is not a great arguement.
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It is certainly not going to be easy by governments to remove privacy coins out of the crypto economy. There are actually individuals, organizations, company, who needed privacy on their various activities, and naturally man has some elements of privacy in everyday leaving because of the unknown.
Again, governments knows the importance of privacy, even though they will like to act as people vested with authority and power. It is then important to note that privacy is a right, though some people will like to abuse this right, working different kinds of mischief and ilicit activities, but privacy is part of life.
In addition, i think privacy coins will continue to exist, because, even government itself has some private activities, and besides the fact that they are governments, they are humans, though operating as a body.
Government was trying crack Monero and even want to pay whoever can crack it. This is how they respect privacy where the private people are exposed.
It's no wonder people are using more and more of the Bitcoin mixers. But looks at how they also treat mixers today, the have been jailing those owners. Sooner those guslys are not just mixing BTC but mixing Zcash or XMR to make it more private.
In my opinion, the government effort to crack monero by making offers to anyone will not work. You see, the monero team are not sleeping, the more government try, the more monero team strive to make it very difficult for them. Knowledge are bound to increase everyday and nobody has monopoly of knowledge, not even governments officials because they are humans too. I think the journey of privacy coins will continue to survive despite all this unnecessary distractions
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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?
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Yes, privacy coins are really hard for the government to track, and that is One of the reasons they have ben clamping down on them through the CEX exchanges. Monero, Dash, and others privacy coins can hardly been seen on centralized exchange because of pressure from governments.
I think that privacy will continue to exist, it will be very difficult for government close them completely, the most challenges factor is poor investing and trading opportunities. I just hope this challenge can be overcome in near future.
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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.
Yes, privacy coins are really hard for the government to track, and that is One of the reasons they have ben clamping down on them through the CEX exchanges. Monero, Dash, and others privacy coins can hardly been seen on centralized exchange because of pressure from governments.
I think that privacy will continue to exist, it will be very difficult for government close them completely, the most challenges factor is poor investing and trading opportunities. I just hope this challenge can be overcome in near future.
some privacy coins have been removed from the CEX exchange, and the government's consideration to ban privacy coins is because it is worried about being misused for illegal activities. because privacy coins are difficult to track, it is natural for the government to take a policy of prohibiting its citizens from using privacy coins. However, no one can deny the progress of technology, it will always exist and survive.
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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.
Yes, privacy coins are really hard for the government to track, and that is One of the reasons they have ben clamping down on them through the CEX exchanges. Monero, Dash, and others privacy coins can hardly been seen on centralized exchange because of pressure from governments.
I think that privacy will continue to exist, it will be very difficult for government close them completely, the most challenges factor is poor investing and trading opportunities. I just hope this challenge can be overcome in near future.
And with that, we shouldn't look for privacy coins as some form of investment and I think they are those who investors will shy away. And those who are using it is for privacy, not that they are doing anything wrong and hiding something, but for us crypto enthusiast, we want to remain private and anonymous so that no one can track our movement. And this is the basic tenant on why privacy coins are still surviving up to this day even though it has been crack down since 2018.
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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.
Yes, privacy coins are really hard for the government to track, and that is One of the reasons they have ben clamping down on them through the CEX exchanges. Monero, Dash, and others privacy coins can hardly been seen on centralized exchange because of pressure from governments.
I think that privacy will continue to exist, it will be very difficult for government close them completely, the most challenges factor is poor investing and trading opportunities. I just hope this challenge can be overcome in near future.
And with that, we shouldn't look for privacy coins as some form of investment and I think they are those who investors will shy away. And those who are using it is for privacy, not that they are doing anything wrong and hiding something, but for us crypto enthusiast, we want to remain private and anonymous so that no one can track our movement. And this is the basic tenant on why privacy coins are still surviving up to this day even though it has been crack down since 2018.
I never keep privacy coins, but only use them for transactions that I consider safer using private coins. even though it is not illegal activities, anonymity is also sometimes needed in our transactions. so there are many considerations that I have to do in making transactions.