About Privacy Coins | Bitcointalksearch.org

GlobalProtection

full member

Activity: 552

Merit: 110

Quote from: Partonomy on February 14, 2020, 07:45:09 AM

Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

Have you checked out Particl?

Been using there Marketplace and they have a great escrow system making sure people work honestly together.

Let me know if you have checked them out.

Yes Particl is a very good one and it is great that they have a marketplace also.

Sincerely, GlobalProtection - Canadian Citizen living in Belize now

Gayong88

member

Activity: 1540

Merit: 22

Coins that have certain requirements when trying to make a transaction are protected. This is a security pattern that is owned by the coin. That is, many stages must be passed by someone if they want to use it as a means of payment.

In fact and it cannot be denied that most people still like to have BTC as a universal payment instrument rather than a privacy coin.

timmmers

sr. member

Activity: 1176

Merit: 265

The problem with privacy coins is the Lightning Network because it is a smart way how to send instantly Bitcoins with a privacy feature, so for me now almost all privacy coins doesnt make a sense in my opinion.

kushti

full member

Activity: 315

Merit: 103

Some exchanges (e.g. in South Korea) do not like privacy coins now. Thus privacy and non-privacy coins should become close.

A particular move in this direction is non-interactive mixing, see this thread: https://bitcointalksearch.org/topic/non-interactive-mixing-as-better-privacy-solution-for-non-privacy-coins-5249951

aemma

copper member

Activity: 966

Merit: 14

Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

I think the future of privacy coins is still bright and good as it will always be in need within the crypto space because privacy will always be valued. The only thing to bother about is if new privacy coins will continue to live upto expectations. Monero is still seen as the best privacy coin till date because the team built it to be so, but for newer privacy coins the team are still working to prove they are a better option than Monero, i stand to be corrected though. Lastly, I know about Veil and Sero, and I think they are good too but I prefer Monero more.

XCANA

full member

Activity: 1470

Merit: 148

Most of my altcoins holding right now are more of privacy coins because of their anonymous nature while hold. Even when the government wanted them not they are still the best coins to hold for long-term purpose, coins like monero and dash are my favourite and my ultimate coins am holding. These coins defined the sole purpose of cryptocurrency and not those that deflected from their sole purpose.

coinmaster241

member

Activity: 672

Merit: 32

Quote from: Henri Cartier on February 07, 2020, 07:31:05 AM

People use Privacy coins mainly because of anonymity. If you want to buy privacy coins, you can choose one of the top privacy coins like Zcash, Dash, PIVX, Verge, etc OR you may check the top privacy coins based on the market cap here.

Now this market cap, in my opinion, cannot be our first reference, it is only one of our reasons for choosing a privacy coin, actually returning to the tactics of a developer who is really serious about carrying out project development going forward, to what extent and will be used for anything if you really want to compete with XMR.

CryptopreneurBrainboss

legendary

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins,

and what do you think about the future of privacy coins?

If you're taking about privacy coins that have the potential to dominate monero, I don't think currently we have any. Just as we think there are decentralized blockchain that can disrupt ethereum which the likes of wave, neo etc have tired but failed. Pivx was one of those privacy coins I thought had the ability to overthrow monero although just like most hard forks, it's still leaving under the shadow of its parent blockchain.

About the future of privacy coins, it's only right to believe they'll get better with time. Bitcoin has failed in regards to protecting our identity especially as it's quite easy this days to track most especially as we now rely on third party service providers like wallet providers, exchanges etc to carry-out our daily transaction.

canovan25

member

Activity: 546

Merit: 30

Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

I believe that the future lies with an anonymous stablecoin. Who will be protected better than Zcash / Monero, and having liquidity better than USDT. I proposed the idea in the Russian local section, but they told me that nobody needs stable coins and so I go to hell. Funny of course.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Thomas-s on February 14, 2020, 11:29:21 AM

I have always opposed these anonymous coins because it is because of them there are a lot of questions that come from the government.

Do not forget what Fed Chairman Jerome Powell, so the USA government said only few days ago on the hearing:

Transparent ledger cryptocurrencies not only that lack a basic trait of money, the fungibility, they are also against western culture and society. Maybe in China culture is fine that everyone can see what you spend money on in Europe and USA that is a no go. And everyone will avoid to use such currency. Fed Chairman Jerome Powell get that. What is most interesting is that he gets it before you and so many in crypto.

rosezionjohn

sr. member

Activity: 882

Merit: 301

The last time I read anything about veil was that they were looking for a patch or an alternative privacy protocol to zerocoin when a vulnerability was found out. What's the update on that? Did the developers found a solution?

Quote from: NeuroticFish on February 07, 2020, 07:00:32 AM

Well, Dash does a great job at advertising itself as privacy coin, but it should not be in the list. I won't say more because I would go off topic.
Grin, on the other hand, IS interesting and it could be soon quite a competitor for Monero.

I'm not sure about going off-topic since this thread is about privacy coins. I also wouldn't consider Dash as a contender here. If I am not mistaken, the privacy feature is only optional.

When the FATF travel rule came out, the team released some statements that I think any privacy coin enthusiast wouldn't like.

Thomas-s

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Proof-of-Stake Blockchain Network

I have always opposed these anonymous coins because it is because of them there are a lot of questions that come from the government. Also, such coins are used by a large number of hackers to launder stolen money. therefore, before supporting and investing in anonymous coins, we all need to think a little about the consequences of the existence of these coins

Partonomy

newbie

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Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

Have you checked out Particl?

Been using there Marketplace and they have a great escrow system making sure people work honestly together.

Let me know if you have checked them out.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: kushti on February 07, 2020, 05:51:10 AM

Privacy coins could be under pressure globally soon, Korean exchanges already thrown away some of them.

Everyoen needs privacy. Even Korean government. I believe they need a lot of privacy since they dont really want for North Korea government to know what they do. I am also sure that when you go to toilet in a public place you always close doors behind you. Privacy have good use cases for everyone.

shinratensei_

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: OasisDre on February 07, 2020, 05:02:50 AM

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

I have used veil as an alternative coin for monero and that is a good coin for me. I doubt sero and just because it has already got a big hype that makes the price of sero goes to the moon doesn't mean that was even better than veil. We must try to create a fair comparison. in this case, to make sure if we are seeing based on the technical aspect from those coins.
The future of privacy coins will be very bright as more and more people will aware if privacy is something needed by them all.
That's not even a big surprise to see that the privacy coins are mostly used in the dark market. To make it anonymous and the privacy coins must be used for p2p transactions but when it still relies on the 3rd exchange site and it will not anonym as the people think.
As long as those from the dark market will never try to disrupt the crypto ecosystem and that's their own risk to deal or use the privacy coin for the criminal act.

GucciBoy

jr. member

Activity: 196

Merit: 6

DASH and Monero is the industry leaders, and I don't see that changing anytime soon.

A lot of people like privacy coins, because they are private to transact with, but whenever you use a centralized exchange, your identity is exposed (at least for incoming transactions, and how much you hold).

Decentralized exchanges, such as the Blocknet DEX: https://blockdx.com/ goes very well hand in hand, as your identity is never at risk of being shown. No accounts is needed to transact, no KYC is enforced etc.

Moving forward, I believe DEX's will evolve with privacy coins, and both of them being used a lot more than they currently are today.

Stanlo

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The future of privacy coins looks uncertainty because exchanges are going against them, even its a threat for the government, I think privacy coins are good for dark web things only, this is a perfect tool for bad people if you ask me

wheelz1200

legendary

Activity: 3752

Merit: 1415

Privacy coins will always have their spot in crypto, since some of the backbone behind the creation of crypto has to do with anonymity. I think there definately will be challenges to be accepted by governments across the globe due to the fear of privacy they have but inevitably they will exist and there really isnt anything any governments cant do about it.

qwizzie

legendary

Activity: 2548

Merit: 1245

You can have strong security technology in a blockchain, but if you can not guarantee a secure website from which to download the binaries, then that will impact
your reputation as a blockchain.

Link : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/

As long as no answer has been provided on how hackers got into Monero's boxed-off website and were able to replace Monero's official binaries with coin-stealing malware binaries,
i consider Monero compromised towards its users.

I am particularly interested in knowing what happened to the closed-off box that was sent by Fluffypony to a bunch of specialists for investigation more then two months ago,
as that could shed some light on how their official website was breached by hackers.

As long as this does not get clarified, there will always remain the risk that this could happen again with their official website. And the rumors about a Monero developer gone rogue or
a Monero developer having been negligent with his/her security access, will then also continue circulating.

Mpamaegbu

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Once a man, twice a child!

Quote from: Byakuga on February 07, 2020, 06:48:31 AM

You should be aware that few exchanges are delisting privacy coins? Yep its really happening which is one reason I find it hard to hold XMR and others but still I have Apollo currency and dash sleeping in my wallet,I don't know how the future will turn out to be for privacy coins

Uncertainty is sadly one of the reasons some of the early adopters of Bitcoin couldn't hold on to their shares and sold off that early, though in regret now. Uncertainty is a core of the crypto industry. As far as I am concerned, crypto business is a highly unmitigated industry at the moment. It's a risk thing. BTW, is there any business that isn't risky?

Topic: About Privacy Coins (Read 289 times)