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Topic: Are privacy coins already dying (Read 476 times)

legendary
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November 03, 2022, 12:50:21 PM
#52
When I first heard about Privacy coins like Zcash and Monero, I absolutely loved the idea. The benefits of a privacy blockchain potentially offer a lot of value.

However, I suspect soon many of these privacy won’t be around because of governments getting involved. Personally, I love BTC and don’t hold many privacy coins in my portfolio but with all the regulations coming, privacy coins may not be worth it.
The idea is still the same, people just don't care about privacy as much as they used to. Right now, all exchanges request KYC which means that your information is there somewhere in the world, and privacy is only left for people who would like to either hide themselves from the government for legal reasons or tax reasons and that’s it. Sure, there are some people who are fully legal and still use it but the numbers are very low.

So, you can see monero type of coins only on darknets when people are buying something. That’s why it’s quite important to not really focus on something that would matter, it's much better if you could focus on things that can make you money, instead of focusing on your privacy.
legendary
Activity: 3122
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#1 VIP Crypto Casino
November 02, 2022, 12:51:08 AM
#51
When I first heard about Privacy coins like Zcash and Monero, I absolutely loved the idea. The benefits of a privacy blockchain potentially offer a lot of value.

However, I suspect soon many of these privacy won’t be around because of governments getting involved. Personally, I love BTC and don’t hold many privacy coins in my portfolio but with all the regulations coming, privacy coins may not be worth it.
legendary
Activity: 2534
Merit: 1338
October 26, 2022, 08:16:03 PM
#50
Monero (XMR) was the real daddy. It still works exactly as intended but regulatory pressures on exchanges have killed any chances it ever had of really going to the moon.

Such a shame because that coin is so good. You can still use it successfully but it can’t grow as it should now.

True, it's because of the pressures being put on not only top exchanges but everyone that have Monero in their listing. So it's really hard to go against that mandate. Monero still exist up to this day and there could be individuals using it as intended.

But as far as the growth as far as investment goes? I highly doubt that Monero will be the go to investment or any other privacy coin for that matter.

And I guess we still have a choice to use it or not.
There is no doubt that as an investment people should not expect much from Monero and other privacy coins as the pressure coming from governments is going to increase as years go by, but the main use case of Monero is still there and as such those which are looking for privacy when the make their purchases can still use Monero with full confidence, so even with all of those restrictions imposed by the governments I still think Monero has a place in this market and will keep thriving for a long time.
legendary
Activity: 1876
Merit: 4532
October 26, 2022, 03:23:27 PM
#49
Reminds me of an old post with an inscription
https://bitcointalksearch.org/topic/m.52787039
You can upgrade this signature in any language to support the project.
I think that Monero will continue to exist as a project, but the price of the coin is very difficult to predict, because the pressure on the project and its developers will constantly increase.
hero member
Activity: 1918
Merit: 564
October 26, 2022, 01:19:14 PM
#48
Privacy coins are still thriving, it is that they are used and traded in different platform.  We all know that government wannted these privacy coins to be banned on every exchanges and this affect the Privacy coin market a lot.  So instead of battling against the regulation on central exchanges, I think Privacy coins keep its market in a site unknown by the government, possibly dark web market or black market.

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation?
I don't think people are losing interest, trading volume has decreased due to being delisted from CEXs, But people who prefer privacy still interested in them.

Indeed those who are into illegal stuff, money laundering and many more that badly needed privacy.

sr. member
Activity: 2282
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October 26, 2022, 11:19:25 AM
#47
Monero (XMR) was the real daddy. It still works exactly as intended but regulatory pressures on exchanges have killed any chances it ever had of really going to the moon.

Such a shame because that coin is so good. You can still use it successfully but it can’t grow as it should now.
Remember the main slogan of Monero in the beginning - don't buy monero! Cheesy I think this coin has not lost anything by delisting from some exchanges and still looks much better than competitors like dash or zec. And the main goal is development of the project and not a flight to the moon. By the way, if to compare with the same zec, Monero is now three times more expensive, though recently it was the other way round.
hero member
Activity: 1064
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October 26, 2022, 11:05:48 AM
#46
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation?
I don't think people are losing interest, trading volume has decreased due to being delisted from CEXs, But people who prefer privacy still interested in them.

Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
Currently, I haven't seen an altcoin that is performing well. all are lying on the ground
hero member
Activity: 2842
Merit: 772
October 26, 2022, 09:40:46 AM
#45
Monero (XMR) was the real daddy. It still works exactly as intended but regulatory pressures on exchanges have killed any chances it ever had of really going to the moon.

Such a shame because that coin is so good. You can still use it successfully but it can’t grow as it should now.

True, it's because of the pressures being put on not only top exchanges but everyone that have Monero in their listing. So it's really hard to go against that mandate. Monero still exist up to this day and there could be individuals using it as intended.

But as far as the growth as far as investment goes? I highly doubt that Monero will be the go to investment or any other privacy coin for that matter.

And I guess we still have a choice to use it or not.
legendary
Activity: 3234
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#1 VIP Crypto Casino
October 25, 2022, 04:33:38 PM
#44
Monero (XMR) was the real daddy. It still works exactly as intended but regulatory pressures on exchanges have killed any chances it ever had of really going to the moon.

Such a shame because that coin is so good. You can still use it successfully but it can’t grow as it should now.
hero member
Activity: 2646
Merit: 586
October 25, 2022, 04:29:11 PM
#43
It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying
There will always be a demand for privacy coins, as for various reasons some people will seek to hide the movement of their capital from states. These coins of the state can be driven into the shadows, but they will continue to exist, although the demand for them due to increased regulation and even their ban by individual states will fall very much. In any case, it is hardly worth investing in them now. These coins are expected to decline in prices.
Some old crypto mixers still exist and there's even new mixers that continuously popping out. This can simply mean that there is still a high demand for them so why not in privacy coins right? When they are much easy to use and direct to the point than using a mixer.

People use it either for personal use or simply because they want to be anonymous but I believe that many criminal minds are using it to try to get away with the crimes that they are doing online. This is why authorities are after these privacy coins and coin mixers. They are slowly shutting them down because they think it's an escape route for the cyber criminals. If we are an investor then I think we shouldn't take privacy coins seriously, only to be safe.
sr. member
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October 24, 2022, 10:45:29 AM
#42
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
And it's the number 1 target of those trying to remove it from exchanges. About its performance, I can say that it's a yes that it's still performing well despite of that.

This is the most popular privacy coin and that's why there's a good volume that's never gone on it despite we're in a bear market. Whatever is causing it to be at good standing is probably the normal cause of supply and demand.
Apart from good supply and demand, Monero is a good cryptocurrency that resists asic miners and has a large community. Probably now this coin has more of a white paper than was intended for bitcoin. By the way litecoin also implemented a privacy mechanism and delisted immediately. If private coins are not beneficial to the government, then it is clearly beneficial to the people, otherwise there would be no bans.
legendary
Activity: 1540
Merit: 1457
October 24, 2022, 09:51:42 AM
#41
It is unlikely that anonymous coins will ever die. Rather, they will occupy a certain niche, where it is not possible for somepeople to trade on centralized exchanges. Still, there are people who protect their privacy and they will always support such projects.
In addition to large projects like monero and zcash, there are "poverty" projects like Komodo or Raptoreum.
Except Monero, in general, other projects are not gaining large capitalization.
sr. member
Activity: 1400
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October 24, 2022, 07:57:12 AM
#40
There are many people that care on privacy. Privacy coins Monero, Dash, Zcash and among others are alive and actively traded. Regulations also limit the growth of these privacy coins unlike other coins for instance Ethereum, Solana and Tron are capable of working and establish partnerships to many corporations with no problems from government regulators. Privacy coins are present but they are outshined. There also also growth but not as fast comparable to other coins. The crypto space is expanding at large scale and centralized exchanges are expanding too but they have to undergo from government regulators. 
legendary
Activity: 2590
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Leading Crypto Sports Betting & Casino Platform
October 24, 2022, 07:25:34 AM
#39
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.

it's not because it's not growing and it's too slow but because people no longer care about privacy when participating in cryptocurrencies, people only focus on profit so they will only care and invest in coins that have can make a profit for them. new projects these days are mostly focused projects but in return they are hyped and people like it. at the same time, privacy coins are becoming the target of governments because of their anonymity, they are used by criminals to circumvent governments. investing in privacy coins is no longer profitable and very risky if the government enacts regulation
hero member
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MintDice.com | TG: t.me/MintDice
October 24, 2022, 07:08:45 AM
#38
Seems like the government is willing to allow crypto to stay but they are molding it in the direction they can. I think governments don't think they can close crypto. But they can prevent ones they don't like from making it as easily letting other ones gain ground much more easily.

So yeah, that's an issue.

I'd say secondarily, from a free market perspective, while privacy is a very good add-on, it's not enough to overcome network effects. Ethereum was able to win out in the market because it provided a very different value prop that Bitcoin on it's own couldn't provide (so far).

For a third coin to win out, I think it would have to provide a value prop that BTC/ETH don't provide. And just "privacy" isn't enough, unfortunately, even though I'd highly value such a thing. All I can hope for is privacy technologies built. Like Tornado Cash. And hopefully that one holds up on the ETH network.
hero member
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October 24, 2022, 06:32:59 AM
#37
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.
As of today, some of the investors and traders of privacy are just waiting for their value to soar and that's the reality. Privacy coins today are just worthless if no people are interested in it on not using them to trade with other people that use their own platform since using an online exchange is not really part of the scope of anonymity.
That's because now there are more choices of coins that can be used as investment coins so those who previously invested large amounts in privacy coins try to choose other coins. But they still provide support for privacy coins and look for other alternatives to get more profit. This is a wise choice that everyone can make, whether he supports a certain coin or diversifies his funds in other coins to help him make more profits. So we are not only fixated on one coin choice but can have many investment coins.
newbie
Activity: 97
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October 24, 2022, 05:46:43 AM
#36
The issue with privacy coin is that most regions or government are against the initiative
Though, some time ago we had privacy coins or projects making huge wave in the industry, but as it stands they are mostly under valued. I guess it has something to do with time and season as privacy projects seem to be out of vogue.
sr. member
Activity: 1274
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October 24, 2022, 02:46:13 AM
#35
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.

As of today, some of the investors and traders of privacy coins are just waiting for their value to pump up and that's the reality. Privacy coins today are just worthless if no people are interested in it on not using them to trade with other people that use their own platform since using an online exchange is not really part of the scope of anonymity.

sr. member
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October 23, 2022, 09:51:30 PM
#34
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.
legendary
Activity: 2534
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October 23, 2022, 08:52:31 PM
#33
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
You are only thinking in terms of what speculators are expecting out of the assets in which they invest, but the people that are interested in privacy coins care about the utility those coins offer and could care less about those coins not going up in value, to them the most important thing is that they can keep themselves anonymous when making transactions over the Internet, and since that is exactly what those coins do the I do not see the interest in those coins diminishing at all.
hero member
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October 23, 2022, 04:39:38 PM
#32
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
And it's the number 1 target of those trying to remove it from exchanges. About its performance, I can say that it's a yes that it's still performing well despite of that.

This is the most popular privacy coin and that's why there's a good volume that's never gone on it despite we're in a bear market. Whatever is causing it to be at good standing is probably the normal cause of supply and demand.
hero member
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Vave.com - Crypto Casino
October 23, 2022, 01:20:35 PM
#31
Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.
And these are the most popular privacy coins ever. It's hard to count on these privacy coins these days because when they've taken the attention of the regulators taking charge and there seems to be no choice but to be cracked down by them, the market of these would certainly in a decreasing pattern because the investors are also scared of what can happen when it's being asked to be taken down and removed from several exchanges.
sr. member
Activity: 1162
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October 23, 2022, 12:55:19 PM
#30
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
It's caused by monero has a very fair pre launch in 2014. The creator was not a greedy guy, that's why he was not even having intention to create premined coin for himself. The price has been coming from the demand for monero itself. It can be said that if monero is a very good and fair anon coin for now. It can be seen from how many people were actively using this coin right now.
legendary
Activity: 1596
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October 23, 2022, 12:04:15 PM
#29
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

I have found an article that handles the subject quite well. You might wanna take a look.

The future looks grim for privacy-centric coins but this doesn't mean that they will cease to exist or that they have become unattractive. While regulation may have been stifling developments on the privacy side, there will always be those who will look for this sort of technology and those who will improve it further. There will always be demand for privacy-centric coins, and where there is a will, there is a way! Due to this, the price may surge for the ones who outstand the clampdown.
sr. member
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October 23, 2022, 10:28:08 AM
#28
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
legendary
Activity: 1862
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Next Generation Web3 Casino
October 23, 2022, 07:29:05 AM
#27
Now privacy is no longer considered important in the crypto world, there are too many money laundering cases there that make some people afraid to invest in it because of regulations made by the government.
What else has to be covered if almost all platforms both from exchanges and gambling sites are now implementing kyc.

Privacy coins used to do well, but government regulations have slowed them down. Besides, now that investors are only interested in profits, so they tend to look for coins that can bring them profits, privacy is no longer a priority issue as in previous years. The privacy coin is still in use but I guess it will soon be banned by the government because of the crime related concerns you mentioned

Apart from old coins like XMR, DASH, do we have any new privacy coins? I haven't heard about the market of these coins for a long time.
legendary
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October 23, 2022, 07:20:01 AM
#26
Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.
Monero and Zcash the most popular privacy coins, if you are doing a deep research about how many privacy coins that are still exist in the market and i will say the population of privacy coins have been dropping likely around 90% in the market. it's caused by people didn't interested anymore with low cap privacy coins since era for utility token has come. The privacy coins are mot than dying. The era for privacy coins have gone since utility tokens were coming to crypto
sr. member
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Seabet.io | Crypto-Casino
October 23, 2022, 07:00:13 AM
#25
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
Privacy coins will survive even though currently the regulators that apply to these coins are very strict even some exchanges have removed them, but I don't think that will make privacy coins die in the future because so far there are still some people who really want to stay anonymous so they will continue to adopt privacy coins and they realize that privacy coins will make them feel more comfortable.
hero member
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Leading Crypto Sports Betting & Casino Platform
October 23, 2022, 05:19:40 AM
#24
I think privacy coins still exist on some exchanges and even though they don't have a large trading volume, privacy coins are still trying to survive. If you look at Binance, XMR, one of the privacy coins, can still be at $143 and even though the price is still going up and down, it is still following the movement of bitcoin. And I think the privacy coin can still go up and have a chance to increase in the future. In addition, privacy coins still have support until now so that is what makes privacy coins still able to survive in the harsh crypto market.
sr. member
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Eloncoin.org - Mars, here we come!
October 23, 2022, 02:29:56 AM
#23
This is also one of the areas in the market that is hotly discussed and there is also great interest in it. But personally, I feel it's not an instant story and everything evolves requires user process and adaptation as well as development from the developer team. I also use it frequently. Some coins are anonymous for personal purposes, but when it comes to opportunities or barriers, each person will have their own view of their capabilities.
full member
Activity: 2352
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October 23, 2022, 01:56:57 AM
#22
It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying
There will always be a demand for privacy coins, as for various reasons some people will seek to hide the movement of their capital from states. These coins of the state can be driven into the shadows, but they will continue to exist, although the demand for them due to increased regulation and even their ban by individual states will fall very much. In any case, it is hardly worth investing in them now. These coins are expected to decline in prices.
hero member
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Cryptocasino.com
October 22, 2022, 07:51:08 PM
#21
It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying
legendary
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Leading Crypto Sports Betting & Casino Platform
October 22, 2022, 07:02:13 PM
#20
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
They are struggling at some point and the pressure of the government are hurting them as well so probably it will be hard for them to rise if they didn’t make any updates to address that pressure. The volume of privacy coin is still ok though which means many still prefer that option. If there’s a regulation limiting with you to become more private, I guess you have to look for alternatives or you can just deal with it.

we can say the demand for privacy coin is still there but with the government regulations, they are not being promoted as they will likely be under microscope. but there are still users of privacy coins. i don't think they will totally abandon this type of coin. as long as it is available in the market, they will use it because of some advantages.
so long they can find an exchange that can accept privacy coins, they will continue to exist in the trading market.
hero member
Activity: 2842
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October 22, 2022, 06:47:55 PM
#19
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
sr. member
Activity: 2044
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Vave.com - Crypto Casino
October 22, 2022, 06:28:08 PM
#18
Privacy Coin is a secret coin between the sender and the recipient is not visible.  So that those who can see the Transaction are the two parties concerned.  But this is very risky.  Because it is easy to use for illegal activities, it causes concern for related parties
For illegal reasons, these are the reason why regulations slowly becoming strict for those privacy coins and probably in the future they will be the target of the government to investigate and that could hurt their reputation and many will leave that privacy coin for their own safety. There’s a threat when it comes to regulation and I don’t know how those privacy coins can skip the regulations, some are still working good but others are already suffering and slowly leaving the market as well.
full member
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October 22, 2022, 05:26:39 PM
#18
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
Probably because of the market trend their value can’t increase that much and I guess investors are not dealing with privacy coins that much. Regulations might not be the real issue here since we can’t skip that anymore and many already accept that fact. Poor performance of privacy coins should be address already or else many of them will die eventually, they have to stay competitive despite of the regulation issues.
legendary
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casinosblockchain.io
October 22, 2022, 05:48:39 PM
#17
Like all other altcoins, privacy coins are not a priority at the moment for market participants. The majority of market participants focus on the market trend which is bearish now, after the bull market sign it is possible the investors will take care of privacy coins. Just HODL the altcoins and let's hope it will be the end of the bear market season soon so we will be able to harvest profit during the bull market season.

In a bull market or a bear market, I think a privacy coin will have a hard time capturing the attention of investors if it doesn't have any notable hype.
It is clear that in this market, what people need is profit, but not privacy, so those who are privacy aficionados will turn to Bitcoin. Although bitcoin will not be completely anonymous like XMR but I think people will choose BTC that is both anonymous and profitable. Nowadays, privacy coins are only used for certain purposes, it is no longer suitable as a profitable investment, IMO.
sr. member
Activity: 2422
Merit: 357
October 22, 2022, 05:47:35 PM
#16
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
They are struggling at some point and the pressure of the government are hurting them as well so probably it will be hard for them to rise if they didn’t make any updates to address that pressure. The volume of privacy coin is still ok though which means many still prefer that option. If there’s a regulation limiting with you to become more private, I guess you have to look for alternatives or you can just deal with it.
member
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Artemis
October 22, 2022, 05:18:56 PM
#16
Privacy Coin is a secret coin between the sender and the recipient is not visible.  So that those who can see the Transaction are the two parties concerned.  But this is very risky.  Because it is easy to use for illegal activities, it causes concern for related parties
legendary
Activity: 3276
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October 22, 2022, 05:31:56 PM
#15
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

People have no choice… The exchanges are dropping their support for those coins and delisting them because it is impossible to track the movements of the coins for the government and they hate them for this.

When the exchanges don’t list them anymore people can’t trade them and convert their coins to FIAT… The loss of huge trade volume reflects on the price of these coins.

It is very sad to see that no coin can survive if the big exchanges don’t support them. It feels like we are back to where we started… The exchanges are banks v2.0
sr. member
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October 22, 2022, 05:26:06 PM
#14
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

We can't say the regulations directly affected the privacy coins and it will completely kill the future of it because the next level of decentralisation is complete anonymous coins which still has the user base if I am not wrong but the most preferred privacy coin faced some technical issues in the past later governments made regulations which completed delisted the privacy coins from exchanges so price went down and volume but it doesn't mean it will be forgotten...

In future we may have better developed privacy coins and government may support cryptocurrencies with no regulations will make them to exist.
legendary
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October 22, 2022, 05:13:08 PM
#13
What will survive any privacy coin in the long run is that it be continuous development and really be a decentralized private currency.

I believe its continuous usability will make the privacy coin survive the pressure from the authority.  As we all know privacy coins is frowned upon by the government and is delisted from several exchanges because of government regulatory pressure.  Privacy coins will indeed develop and deliver privacy as what its users wanted but without anyone using it, these privacy coins will certainly die, so basically, their usage that will enable privacy coins to survive and continue if not in the mainstream, in the black market at least.
legendary
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October 22, 2022, 04:56:36 PM
#12
There's really not a lot of demand to these coins nowadays. A lot of people are opting for coins that can post them quick profits and are 'flashy,' and topics like privacy doesn't really come to their minds as evidenced by a lot of people giving out their personal information on bounties and airdrops in exchange for some of those new coins to be had for free. If there would be a privacy coin that is trendy, and can literally keep up with the ads that other big crypto names are putting out, perhaps there is a fighting chance. But I still wouldn't bank on it heavily, though. Also, privacy is a niche that not everyone is really interested in given how excessively showy a lot of us are nowadays.
staff
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October 22, 2022, 04:41:21 PM
#11
Cryptocurrency privacy itself, like coins, is dying. Governments, regulators, and centralized exchanges are doing their best to harm the spread and development of privacy coins. I believe that apart from Monero, which has managed to form a large user base, no coins will survive long. You can also forget about new projects of privacy coins, they won't take their niche on the market in such conditions, because they are not welcomed on large trading platforms. The destiny of privacy coins is to hide in darknet and be used to pay for dubious services and goods.
hero member
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October 22, 2022, 02:34:57 PM
#10
Are they? Well that will be because the number of people who are concerned about privacy are far less than those who do not. I don't think they will completely die since we still have a tiny percentage that cares much about using privacy coins to protect their transaction.
They may not be popular among the vast majority of crypto enthusiast but it doesn't mean they will completely die off, except nobody uses them anymore which I doubt will happen.
sr. member
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October 22, 2022, 02:20:59 PM
#9
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

So far privacy coins like XMR, ZCASH, DASH... I still find them to work fine and no problem but they don't seem to be trendy anymore. Nowadays, people enter the market mainly looking for profit and they will only be interested in things that can bring them profit, technology or anonymity is hardly a concern for them anymore. Privacy coins are also becoming a target of governments as their privacy can be exploited by criminals, so investors are also starting to limit their investment in them.


My opinion is that private coins will still show their best side. It's just that not everyone understands the benefits of privacy yet. When regulation affects the entire cryptocurrency industry and people start having problems with blocking funds and censorship, then it will be the finest hour for private coins. I don't exclude that there could be strict regulation or a digital concentration camp where private coins will be necessary.
hero member
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October 22, 2022, 12:05:54 PM
#9
Since people didn't even care anymore about the privacy coins and they were abandoning the privacy coins. In my opinion only a few privacy coins that will still exist in the future. These are zcash and monero. Mostly of privacy coins will be dying or even dead.
It's caused by soon centralized exchange site must follow up the regulation and they must be delisting all of privacy coins from the market.
It will still depend on how those company will be able to keep their coin on track and listed in exchanges. They might not be on top now due to many other coins but some might still want some privacy despite having stricter regulations. They can stay in the market but may not be that profitable that they did before unless they will be able to create some hype in the future. Other holders will just hold it while they are focusing more in other altcoins that are getting peoples attention for easier profit.
copper member
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October 22, 2022, 12:30:04 PM
#8
Monero is performing better than bitcoin imo over the past few weeks (I'm not sure if it'll stay that way or not - it might be more stable compared to fiat).

Grin has really high inflation - it's good for adoption and incentivising mining but bad for its price - even with inflation factored in, its current valuation is far too low.

A lot of exchanges banned privacy coins or started confiscating them from non kyc accounts which was probably one of the main problems they've faced - dexes have come out but they either came too late or are too primitive (I think privacy coins will do well over a longer term provided they're not replaced by better). I think grin and xmr have very active developer communities though too.
legendary
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October 22, 2022, 12:00:05 PM
#7
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

So far privacy coins like XMR, ZCASH, DASH... I still find them to work fine and no problem but they don't seem to be trendy anymore. Nowadays, people enter the market mainly looking for profit and they will only be interested in things that can bring them profit, technology or anonymity is hardly a concern for them anymore. Privacy coins are also becoming a target of governments as their privacy can be exploited by criminals, so investors are also starting to limit their investment in them.

hero member
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October 22, 2022, 11:50:00 AM
#7
Since people didn't even care anymore about the privacy coins and they were abandoning the privacy coins. In my opinion only a few privacy coins that will still exist in the future. These are zcash and monero. Mostly of privacy coins will be dying or even dead.
It's caused by soon centralized exchange site must follow up the regulation and they must be delisting all of privacy coins from the market.
legendary
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October 22, 2022, 11:47:40 AM
#6
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

They will survive but they aren't trendy.  Unfortunately this market is run by greed so people jump on what's trendy.  Masternode coins in 2017, meet coins in 2020/21, etc.  In the end they always die but boring coins end up sticking around.
sr. member
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October 22, 2022, 10:16:35 AM
#5
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

I personally don't think that privacy coins will die. Yes of course they have suffered some heavy losses in the last few months or maybe even years but this is just the typical behaviour of the crypto market. The whole crypto scene is still based very much about hype and trends and therefore stuff like Defi, NFT's, Play2Earn and Metaverse were just way more present in the last 2 years than privacy focused projects, but this can change again in the future. At the moment almost every type of crypto project is having a hard time because we are in a full bear market now for at least 1 year now but in the future i am sure that privacy coins will also rise again.
legendary
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October 22, 2022, 09:55:04 AM
#4
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

Can you explain to me what this bad news is? Or a link to press articles?

If we go back, the news about Bitcoin from 2013 to the end of 2016 was related to the fact that Bitcoin is a Ponzi model or used for fraud and drugs dealers, did this lead to a loss of interest in Bitcoin?

What will survive any privacy coin in the long run is that it be continuous development and really be a decentralized private currency.
hero member
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October 22, 2022, 09:48:24 AM
#3
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

I don't have any further views on privacy coins, but of course these coins are currently limited by regulations in various countries. As one example is our local Exchange (Tokocrypto), they decided to remove $TORN, $XMR and $ZEC trading starting on November 3rd. Having these restrictions will more or less affect adoption, although people in restricted areas can buy them through the P2P marketplace. Long ago I also saw this will happen to privacy coins, hopefully we get good news on these privacy coins in the near future.

Reference:
[1] https://support.tokocrypto.com/hc/id/articles/9627386688781-Tokocrypto-Akan-Menghapus-Token-TORN-XMR-ZEC-pada-03-November-2022 (Bahasa Indonesia Language)
legendary
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October 22, 2022, 09:35:56 AM
#2
Seems like I saw an nth thread of privacy coin being doubted.

Privacy coin demand won't cease to exist. And those who truly utilized and seek privacy won't bother about the price action. Heck, why should they care about the price? Except, it is those who generally thought of cryptocurrencies as a whole categorized as an investment, not a utility. The demand is there, and that is the reason why Litecoin implements MimbleWimble. Privacy is essential in the long run, thus privacy coins will continue to exist.
sr. member
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October 22, 2022, 04:42:22 AM
#1
I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
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