Topic: 10x or more in this coin - What is your pick in privacy coins? (Read 278 times)

I agree it's interesting and I'd also would like to hear some tech opinion on that. It looks like their privacy tech is a proprietary one, is someone able to compare it with concurrent privacy coins?

http://techcompanynews.com/enigma-unique-advanced-private-secure-transaction-system-cloak-team/

Interesting interview with one of the Cloakcoin team members where he talks a little bit more about the tech behind it - Maybe some of this forums tech guys could comment on what they read and what they think

Does anyone else have interesting picks of the future?

Users will create a trading avatar for the marketplace, and there will be a reputation system for buyer/seller trust, but no real names are needed and transactions are untraceable.  Hence, in a decentralised marketplace, anonymous trading is possible.  Everything is conducted on the blockchain, but because it is a true privacy coin, there is no trace back via IP address, etc.  at least, that’s my understanding of it.  I’m not a tech guru.

Thank you for your comment, always nice to see when someone justify why it is their pick I will definitely look into this project, but can you tell me how it is possible for people to trade anonymously?

For me, it has to be SAFEX.

Privacy coin, about to launch on its own blockchain in the next couple of months.

The highlights, once launched:

- Built-in marketplace with a 5% commission fee
- Ability to trade anonymously
- Dividend payments (of the commission fees) to token holders who stake their tokens.
- Safex Cash, the currency of the marketplace, will be ASIC resistant, and has a revolutionary emission curve designed to match usage uptake of the marketplace

Much much, more.

As always, do your own research, but I recommend you research SAFEX.

And how would the EU officers spot the people who are using privacy coins? This story seems quite implausible to me.

You are definitely right, if projects need to go 10x, they need to have a pretty small marketcap. Or at least the odds are better for the small projects for such a gain

I appreciate you mention a completely different coin/project, but you do not ''sell'' this project very well by just doing the standard ''DYOR''. What makes it better in your opinion, and what are the project doing for their investors/holders?

To go 10x you generally need small market cap projects with a decent size community.  Sumo fits that bill and is one of (if not the) original monero forks and is truly fungible.  I expect it it go at least 10x this year if market continues to recover.  DYOR and check out the privacy tech - it’s more advanced imo than any other monero fork. 

Sure I like it, I think it is one of the most undervalued projects at the moment. And this thread is made to make some debate and discussion were we can compare opinions, but like I mentioned a few times, I don't think people really are justifying their picks.

Looking at Monero's graph you do have a good point, and with their current marketcap, it also gives a good reason to use them as a payment system because it is easy for people to get out of their positions to btc/fiat WITHOUT crashing the price.

Well, you like this currency (Cloakcoin)- OК. I knew about this project in December, when the whole market and this coin in particular showed good X. I do not follow it closely since I do not have it in my wallet.
I like Monero from your list. This is a more even coin, you can see the graph for the year. After the fall, the price comes back pretty quickly.

Feel free to comment with your favorite, but please justify why the specific coin/project is your pick

It could be, but what is it that makes you believe it is a good hold? - I'll give you that they might have a big community, but what is it in the fundamentals that drives you to go with PivX?

this will be good to hold because they got a big community to support the coin and the price of this coin.
i think i can easily get a big profit to this coin thats why i want to purchase some of this.

They pulled of a smart move to get that support, if they will actually get success with this over time, I doubt it.

Bitcoin private is valued at 1 bln, but don't really manage to get a lot of volume and trading going on. ZCL for that matter has many times that with a valuation of around 100 mio USD. So if I should choose between these two, I would much rather own Zclassic !

- But once again, I miss some justification why they are the winner long run. Ofc with support they will get traction and adoption, but what are they doing for their investors/holders?


 

Choose ZCL or Bitcoin Private. They are not the best privacy coins, but they have big supporters. ZCL is getting pumped now.

Right, and the market may probably not only have 1 winner - But at this point it is hard to see something like Monero make 10x in a year, compared to the smaller one.

What exactly do you mean by the larges ones guarantee safety?

I think it is great to have many choices..  And also, depending on volume, some may only be able to use the large ones right now to guarantee safety.

Agree, but that isn't one of my concerns when looking at this space. The tech is evolving so quickly and with new ideas all the time, so the scalability wont be an issue in the future, and the same goes for the fees.

Looking at Cloakcoin the fee for a normal transaction is 0.01 and with the current value around 13 USD the fee is 13 cent, which is not low but not high either. For an anonymous transaction it is due to how big an amount you want to sent with a max fee of 1% which I don't think is a lot at the moment to stay anonymous.

https://pbs.twimg.com/media/DWfm-SEXcAULvJb.jpg:large

I think that at the moment two main problems of cryptocurrencies are not solved because of which it is impossible to use them everywhere. This increase in fees on the transaction and the increase in the blockchain

Thank you for the comment, and your pick on future potential coins. But I don't think they are in the privacy sector?

I'm all with you on that. I think we are gonna see a big wave where people are gonna use privacy browers, apps, payment systems etc more, especially because of the things happening the last few years, and people don't want to feel or be watched. And to be fair, it can be everything from they have something to hide from Governments or just because they have a sexual fetish and don't want any ledger to show their name aside a specific pornsite etc.

Thank you for your comment !
- But why do you think Monero is the best at the moment? Sure they have the biggest marketcap of any privacy coins, but what are they doing for the investors/coin holders?

My candidates for x5-x10

QSP, TNB, Wabi

Very young, I believe that these projects will be able to attract good money. These coins should grow well during 2018.

Thank you for your pick, but what justify your pick? - If we just look at the 2 things you are referring to, small supply and low market cap and compare to my pick, Cloakcoin.

PivX has a marketcap of 280 mio USD and supply of 56 mio coins

Cloakcoin has a marketcap of 64 mio USD and supply of 5 mio coins


- Please note that I'm not trying to say ''You are wrong, I'm right''. I try to make a debate to see why people think their pick is gonna be the winner

privacy is basic idea from cryptocurrency,
and a lot of people need privacy in all their transactions,,
for me Monero is the best privacy coin now,,
but, maybe in the future, a new privacy coin will born
regards

I think that cryptocurrencies providing anonymous transactions will still play a big role in the development of the cryptocurrency financial world.

I would go with PivX coin. Very less supply and low market cap as of now. It will surely be 10x coin in 2 years time frame.

It is fair that you guys think Monero has the biggest future, and I understand it if we look at the history and their actual marketcap. But I don't see you guys justify why.

From my point of view, people really need to not only stay private when using a privacy coin - They would also like to earn on this in the future, and that can be done with Cloak, plus here you can get a big advantage with potential gains due to the (hopefully) coming adoption. Further more you can even earn extra by becoming a node.

So my question is really, why do you think Monero should be #1 in the future - What are the coin/project doing for you by being an investor?

Privacy coins do certainly have great potential. But as have been mentioned already, only Monero looks strong in the long term. But there will surely be more in future. So I do think is a good long term investment.

You are right that they are the winner at the moment, but will they continue to be? - Personally I doubt it for some of the reasons listed above, I see that as a clear advantage, but hey I could be wrong.

The only clear winner right now for privacy is Monero. They are the most widely use privacy coin in the market. There are many new privacy coins that pops up but until They didn't beat monero, they will always be behind the pioneer.

This is also an interesting article about privacy
https://www.quora.com/What-is-the-future-of-cryptocurrency

Do you have a link to that information? - I read something from EU, but nothing about them saying an extra taxation.

And to be fair, with crypto we are seeing a lot of people trying to avoid tax - And I see a future where you buy stuff with crypto the tax will put on the goods just like normal VAT.

And again, with all scandals from NSA to Facebook ''leak/advertising'' people are gonna be more drawn against privacy coins, IMO. This is not something Governments can stop, because they need to have the hole world to agree on that subject, with just 1 ''hole'' (country) going against this privacy coins will have it's way into the real world use.

Thank you for your input - It wasn't in that direction my topic was going, but always glad to hear different opinions

Privacy coin just like a horrible thing when it comes to the EU region. Have you seen about the regulation that implemented in EU? EU regulation will be forced everyone that used privacy coin to be charged more than 30% of taxation.
It's not the future of money when it comes to the regulation. It's still pegged with centralized exchange site. My thought that it isn't

Feel free to comment with your thoughts !!

Privacy coins is the future of money - But which do you think will walk the walk?

We all know privacy coins like Monero, Zcash, Bitcoin Private, PivX etc. are in a sector that will only gain a lot more attention in the future, but which one do you think will be the big winner in the future, and why?

Myself are seeing a mostly unknown coin as one of the big winners, especially taking the current price in consideration, for me its Cloakcoin.

It is using Stealth address to hide you identity and (from my understanding) a offline shuffle with transaction so it isn't clear who and how much anyone received.

Why I think this could be very interesting, isn't really the way they do privacy, because we are seeing many privacy coins doing it in different ways (Many roads lead to Rome), some with more success than others But, it is the hole structure of them giving the little guy a chance to also make money on this.

They are ofc using PoS, which of many are seeing as the future of structure in blockchain, and for staking you don't need a masternode - Actually you just need 1 Cloakcoin to start. They have 6% interest a year and the best part is, you don't even need to have your wallet online to gain 'coinage'.
- You can simply just unlock your wallet for staking/minting, close it down and open it again 1 year later and the wallet/blockchain will know you have gained 1 year of coinage for your coins (after it has synched), which will lead to 6% extra coins in reward. For me that is amazing, not even gonna have a wallet running 24/7 or anything, passive income without even using electricity.

BUT - If you want your wallet to stay online 24/7 and gain small fractions of the 6% interest over the year, you can ofc do that AND also become a node (help the network with privacy transaction). For this you will earn an extra little amount of Cloakcoin (taking from the senders Enigma fee and given to nodes)..


For the future they are gonna move the codebase from Bitcoin to Litecoin, because the technology is adapting much quicker with Litecoin and therefor it gives the project more opportunities.

From 2014 and up until now, all they have done has been self funded - Which may be one of the reason why they haven't gained the traction like others with big money has, but that is also gonna be changed with the coming developer fund. A fund which will probably put an extra 1% to the 6%interest of staking, but that 1% will go directly to the teams fund so they can expand the team and knowledge about this project.


To see there little presentation https://www.youtube.com/watch?v=6KWx0NnahHM&
To read more about them go to www.Cloakcoin.com - or join the chat channels on www.chat.cloakcoin.com or telegram https://t.me/cloakproject
You can also read the Audit report from NASDAQ listed Cognosec http://www.cloakcoin.com/user/themes/g5_cloak/resources/CloakCoin_Audit_Report.pdf
And the solutions to the Audit findings https://bitcointalksearch.org/topic/m.28710538


Looking forward to see which one you prefer and why - Thank you !