Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on February 23, 2024, 02:01:58 AM

Title: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: sirty143 on February 23, 2024, 02:01:58 AM
Privacy Coins Under Attack – Not Down for the Count Yet

The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects... See more for yourself here (https://news.bitcoin.com/privacy-coins-under-attack-not-down-for-the-count-yet/).

Your opinion is greatly appreciated.
Title: Re: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: hugeblack on February 23, 2024, 07:39:20 AM
Bitcoin is good proof because price and legislation are not basis for the growth of crypto currencies if they have a strong background. If the price of Monero was one dollar, it would have some use case because of the privacy it provides to investors, so once it is removed from central exchanes, it will be traded on DEX.

If we were talking about shitcoins or useless token, I would consider it the end, but Monero will stay with us for a while, and all regulatory variables will affect the price in the short term, and it is not an ideal investment compared to other investments.
Title: Re: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: Z-tight on February 23, 2024, 11:39:20 AM
The government and centralized institutions have never liked monero or any other privacy solutions for obvious reasons, we have been saying this for a long time, that privacy coins will be delisted from most centralized exchanges, because they have to comply with the regulatory demands of the government. Privacy coins will now have to be traded on p2p exchanges like bisq and others.
Title: Re: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: dkbit98 on February 23, 2024, 06:17:18 PM
Privacy is under attack, not just privacy coins.
Today it's monero, tomorrow it can be something you use every days, for example cash and they could introduce CBDC crap with the same logic.
I amsure binance is going to be rushing to add stuff like that in future, so they can get deep in regulator asses and maybe US will decide to release CZ out of the country as result  :P
Title: Re: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: Captain Corporate on February 23, 2024, 06:25:13 PM
They ARE down for the count, with more and more places not accepting them all that easily, we are going to see them do not so well, so its not going to be all that fine. We should consider the situation to be a bit different for them coming up in the near future. I would never consider investing into them, but at the same time I understand people who wants to use them. There is a difference between using and investing into it, using makes sense but investing doesn't. I believe that privacy projects are doomed with the way governments are pressuring everyone to stop using them, will be very tough.
Title: Re: Privacy Coins Under Attack – Not Down for the Count Yet
Post by: Z-tight on February 23, 2024, 09:33:01 PM
Quote from: Captain Corporate on February 23, 2024, 06:25:13 PM
I believe that privacy projects are doomed with the way governments are pressuring everyone to stop using them, will be very tough.
Surely it is going to be tough for privacy coins, however,  i don't think all of them are doomed, maybe the coins that do not have a strong community will struggle very much, but i don't a coin like Monero would be doomed. Monero is traded so well in p2p exchanges like bisq, and there is so much demand for it, so i think it will be fine, for now.