Anonymous coins... | Bitcointalksearch.org

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: cribusen on July 16, 2019, 01:09:21 PM

Quote from: LUCKMCFLY on April 01, 2019, 04:50:35 AM

Due to all this demand boom, for many it turns out to be very bad regulations, since it is a way to know who is behind the big money operations, the KYC a problem for those who want to continue operating under anonymity, the solution Are the coins anonymous? The market will take the direction there in the future?

I do not think that there would be place for anonymous coins in the future. If crypto currencies are going to be mass adopted, those coins would be in a serious trouble, because governments won't accept them in any case.

If the government will intervene to this industry that will be logical since they will not allow any types of anonymity within their jurisdictions
it will be hard for any government to accept this types of transactions when they already have access to crypto system, legality will be the
first thing to in question as government can easily declared illegal when they see something not good from any transactions.

cribusen

copper member

Activity: 490

Merit: 2

Quote from: LUCKMCFLY on April 01, 2019, 04:50:35 AM

Due to all this demand boom, for many it turns out to be very bad regulations, since it is a way to know who is behind the big money operations, the KYC a problem for those who want to continue operating under anonymity, the solution Are the coins anonymous? The market will take the direction there in the future?

I do not think that there would be place for anonymous coins in the future. If crypto currencies are going to be mass adopted, those coins would be in a serious trouble, because governments won't accept them in any case.

wozzek23

sr. member

Activity: 1568

Merit: 283

Quote from: DmitFomin on July 09, 2019, 09:36:19 AM

Concerning anonymous cryptocurrencies, many representatives of government bodies express their opinions and all of them believe that owners of anonymous cryptocurrencies should be deanonymized. Obviously, banks and governments do not like the anonymity of payments, because as a result, it is impossible to monitor the movement of funds and to tax. I don’t know how this whole story will end, but one can say for sure that governments will not be allowed to freely legalize anonymous cryptocurrencies without full or partial de-anonymization.

Government has to always set an example for its citizen, and should be able to have certain control of their operations within the country, which is what will keep most of the citizens under control physically and financially.

The concept of cryptocurrency is very perfect, especially that aspect where you can send money anywhere without any interference or third party which is never an issue to the government, but one major issue that makes them always kick against the cryptocurrency is that part of anonymity which they believe that it could make some of these countries citizens who behaves lawless even in a lawful country to get out of hand with their financial deal, and such countries that cannot entrust the system of cryptocurrency on their citizens are the ones having issues with cryptocurrency in their country.

Pffrt

sr. member

Activity: 1372

Merit: 322

If anyone wants to have hidden their financial identity, privacy coin are the best to go with. For your info, the term anonymous and privacy coin are different. Bitcoin itself is a anonymous coin but not a privacy coin. Privacy coins are those which can hide your amount, your address, your ip etc. like as Monero, DeepOnion and more.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Questat on July 12, 2019, 06:56:45 PM

Quote from: Eraldo Coil on July 10, 2019, 09:35:44 AM

There are still decentralized exchanges that exist. But centralized exchanges are more faster when it comes to transactions and they have to follow regulations in order to avoid the illegal transactions to be happening. That is why there times that if you try to cash out a high value, you need to pass kyc.

But we can figure it out how this centralized exchange manipulated the price instead of setting into the market demand freely. That is the reason why the most trader will use decentralize exchange for the seek that they could see a high price.

They can't just do that just because they were centralized exchanges while most exchanges today are asking for KYC verification but that doesn't mean that they can change the value of any cryptocurrency on their terms just because they like it. It doesn't work that way if they want to stay in the competition they should stick to the given rules.

Questat

hero member

Activity: 2954

Merit: 605

Quote from: Eraldo Coil on July 10, 2019, 09:35:44 AM

There are still decentralized exchanges that exist. But centralized exchanges are more faster when it comes to transactions and they have to follow regulations in order to avoid the illegal transactions to be happening. That is why there times that if you try to cash out a high value, you need to pass kyc.

But we can figure it out how this centralized exchange manipulated the price instead of setting into the market demand freely. That is the reason why the most trader will use decentralize exchange for the seek that they could see a high price.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Ziskinberg on July 10, 2019, 07:40:54 AM

Quote from: Febo on July 04, 2019, 05:44:12 PM

Quote from: Ziskinberg on July 03, 2019, 07:50:55 PM

The government is imposing the KYC on the exchange, you can enjoy using anonymous coin if you don't buy and sell it in an exchange as regulators can surely trace the origins given the history is available to them when the exchange is fully compliant. Exchange value their clients but they value their business more and they cannot afford to violate a mandate from the regulator that would risk their business future.

You seems to dont understand what opaque ledger provide you. When you buy opaque ledger coin and withdraw it to you wallet no one knows how much coins there is on that wallet or where they will go. No one even know if they are still there or not. Well no one beside you. So it does not matter if you KYC on exchange ( well it matters if you are afraid that exchange will abuse your KYC info).

But in general KYC matters for those that uses transparent ledger cryptocurrencies. Since their KYC identity gets linked to those coins that they withdraw from that exchange. And then everyone can see where those coins went. Forever. Even 20 years in future. Lets say you donate those coins to some political party that will be forbidden 20 years form now. You are toasted then!

My point is, if you sell a privacy coin in an exchange, the exchange will know how many and what coins you are selling, and if you are in question for whatever suspicious illegal activities you are doing, your transaction history can be provided to the regulator so they can conduct an investigation.

Of course investigators are smart, though they cannot track the transaction of the privacy coin, but if you cannot justify that transaction that might put your in danger.

If you are suspected of illegal activity no matter what coin you will sell on an exchange you will be checked as a part of a investigation. Bitcoin or Monero no difference. I really dont see any problem there. Value of opaque ledger cryptcurencies is that transactions cant be linked and no one can spy on you what you are buying or how much wealth are you holding or where is that wealth coming from. You are giving them just fungible coins. Like on exchange you mention. That exchange knowledge is limited to only the amount of coins you deposited and nothing else. In case of Bitcoin they can see everything, like some sort of mini gods. That does sounds scary does it not. Specially if you change that exchange with a some bar waiter on an exotic island.

Wicking

jr. member

Activity: 104

Merit: 1

Quote from: Ziskinberg on July 10, 2019, 07:40:54 AM

Quote from: Febo on July 04, 2019, 05:44:12 PM

Quote from: Ziskinberg on July 03, 2019, 07:50:55 PM

The government is imposing the KYC on the exchange, you can enjoy using anonymous coin if you don't buy and sell it in an exchange as regulators can surely trace the origins given the history is available to them when the exchange is fully compliant. Exchange value their clients but they value their business more and they cannot afford to violate a mandate from the regulator that would risk their business future.

You seems to dont understand what opaque ledger provide you. When you buy opaque ledger coin and withdraw it to you wallet no one knows how much coins there is on that wallet or where they will go. No one even know if they are still there or not. Well no one beside you. So it does not matter if you KYC on exchange ( well it matters if you are afraid that exchange will abuse your KYC info).

But in general KYC matters for those that uses transparent ledger cryptocurrencies. Since their KYC identity gets linked to those coins that they withdraw from that exchange. And then everyone can see where those coins went. Forever. Even 20 years in future. Lets say you donate those coins to some political party that will be forbidden 20 years form now. You are toasted then!

My point is, if you sell a privacy coin in an exchange, the exchange will know how many and what coins you are selling, and if you are in question for whatever suspicious illegal activities you are doing, your transaction history can be provided to the regulator so they can conduct an investigation.

Of course investigators are smart, though they cannot track the transaction of the privacy coin, but if you cannot justify that transaction that might put your in danger.

The government will try to make anonymous coins are marginal. At the moment there is the possibility of sharing without disclosing and I think in the future this opportunity will continue.

Quote from: KlepZ on July 10, 2019, 01:14:42 AM

Quote from: Icwt on July 09, 2019, 06:50:34 PM

Whilst Monero is king, I honestly believe Spectrecoin (XSPEC) has the best tech for true anonymity and would highly recommend you DYOR on it

Of Course, Monero is King of the Privacy coin. I agree with you I choose Spectrecoin The team behind Spectrecoin is now transparent allowing for increased accountability, and increased potential to meet exchange requirements. Release of Proof-of-Anonymous-Stealth (PoAS) algorithm that allows you to stake your private balance. A first for a Trustless Proof-of-Stake coin. Say goodbye to the richlist!

A promising project, to be observed.

Eraldo Coil

member

Activity: 448

Merit: 10

There are still decentralized exchanges that exist. But centralized exchanges are more faster when it comes to transactions and they have to follow regulations in order to avoid the illegal transactions to be happening. That is why there times that if you try to cash out a high value, you need to pass kyc.

Praxis

legendary

Activity: 1118

Merit: 1004

Has anyone taken a look at Spectre? It's privacy/anonymous but based on PoS

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: Febo on July 04, 2019, 05:44:12 PM

Quote from: Ziskinberg on July 03, 2019, 07:50:55 PM

The government is imposing the KYC on the exchange, you can enjoy using anonymous coin if you don't buy and sell it in an exchange as regulators can surely trace the origins given the history is available to them when the exchange is fully compliant. Exchange value their clients but they value their business more and they cannot afford to violate a mandate from the regulator that would risk their business future.

You seems to dont understand what opaque ledger provide you. When you buy opaque ledger coin and withdraw it to you wallet no one knows how much coins there is on that wallet or where they will go. No one even know if they are still there or not. Well no one beside you. So it does not matter if you KYC on exchange ( well it matters if you are afraid that exchange will abuse your KYC info).

But in general KYC matters for those that uses transparent ledger cryptocurrencies. Since their KYC identity gets linked to those coins that they withdraw from that exchange. And then everyone can see where those coins went. Forever. Even 20 years in future. Lets say you donate those coins to some political party that will be forbidden 20 years form now. You are toasted then!

My point is, if you sell a privacy coin in an exchange, the exchange will know how many and what coins you are selling, and if you are in question for whatever suspicious illegal activities you are doing, your transaction history can be provided to the regulator so they can conduct an investigation.

Of course investigators are smart, though they cannot track the transaction of the privacy coin, but if you cannot justify that transaction that might put your in danger.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: LUCKMCFLY on April 01, 2019, 04:50:35 AM

Due to all this demand boom, for many it turns out to be very bad regulations, since it is a way to know who is behind the big money operations, the KYC a problem for those who want to continue operating under anonymity, the solution Are the coins anonymous? The market will take the direction there in the future?

I only know the anynomous coin in cryptocurrencies is Monero. But if I take the reason you bring, I doubt it is true, the price monero still low and its movement price still same with the other altcoins. I'm sad when most people still have an argument that cryptocurrencis is promising place for money loundering. That view point can make most people doubt to use cryptocurrencies even they will wonted to make a negative statement about cryptocurrencies. It will be good if we as a user of cryptocurrencies give an understanding about it comparing we make a discussion about the negative thing about it.

KlepZ

member

Activity: 330

Merit: 10

Quote from: Icwt on July 09, 2019, 06:50:34 PM

Whilst Monero is king, I honestly believe Spectrecoin (XSPEC) has the best tech for true anonymity and would highly recommend you DYOR on it

Of Course, Monero is King of the Privacy coin. I agree with you I choose Spectrecoin The team behind Spectrecoin is now transparent allowing for increased accountability, and increased potential to meet exchange requirements. Release of Proof-of-Anonymous-Stealth (PoAS) algorithm that allows you to stake your private balance. A first for a Trustless Proof-of-Stake coin. Say goodbye to the richlist!

Icwt

jr. member

Activity: 159

Merit: 1

Whilst Monero is king, I honestly believe Spectrecoin (XSPEC) has the best tech for true anonymity and would highly recommend you DYOR on it

DeepChipolino

member

Activity: 658

Merit: 11

Quote from: DmitFomin on July 09, 2019, 09:36:19 AM

Concerning anonymous cryptocurrencies, many representatives of government bodies express their opinions and all of them believe that owners of anonymous cryptocurrencies should be deanonymized. Obviously, banks and governments do not like the anonymity of payments, because as a result, it is impossible to monitor the movement of funds and to tax. I don’t know how this whole story will end, but one can say for sure that governments will not be allowed to freely legalize anonymous cryptocurrencies without full or partial de-anonymization.

Yes, it is unlikely that anonymous coins will ever be legitimized. It will be an eternal struggle for control and the desire for freedom (or secrecy).
Therefore, I think that these coins have a future. Sometimes anomcoins will be underground, sometimes at the top of the hype, but they will always be.

blue_nexus15

member

Activity: 532

Merit: 10

█ J A X N E T W O R K █

Quote from: LUCKMCFLY on April 01, 2019, 04:50:35 AM

Due to all this demand boom, for many it turns out to be very bad regulations, since it is a way to know who is behind the big money operations, the KYC a problem for those who want to continue operating under anonymity, the solution Are the coins anonymous? The market will take the direction there in the future?

Demand and organic goals of users will create decentralized and anonymous coins to meet those needs. Quite well, in this blockchain industry, newness brings a higher user base. According to me, the direction of the market seems to support concentration but the values of anonymity will still grow and become more and more special.

DmitFomin

jr. member

Activity: 280

Merit: 3

BTC $1 mln.

Concerning anonymous cryptocurrencies, many representatives of government bodies express their opinions and all of them believe that owners of anonymous cryptocurrencies should be deanonymized. Obviously, banks and governments do not like the anonymity of payments, because as a result, it is impossible to monitor the movement of funds and to tax. I don’t know how this whole story will end, but one can say for sure that governments will not be allowed to freely legalize anonymous cryptocurrencies without full or partial de-anonymization.

RKh

full member

Activity: 406

Merit: 102

Ability not only to hide your funds but the ability to gain interest on hidden capital should be interesting in coming years

On POS so far only one project has done that - Spectrecoin

Watch this project grow in publicity in coming months

daftlad

newbie

Activity: 109

Merit: 0

Love Anonymous coins... Grin

Financial Privacy At Stake..!

https://giphy.com/gifs/KbRwsuC6d3BvJgeg7B

Inkognito222

jr. member

Activity: 406

Merit: 1

I know only few promising privacy coins

Securypto
uPlexa (upx)

Invest in this coins and you rich

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