Topic: Are privacy coins destined to failure? - page 3. (Read 393 times)
Privacy by default cryptos like Monero will be banned, optional privacy cryptos like zcash and 0xMonero will not be banned. We have seen this based on the fact that Monero has been removed from most major exchanges, while zcash has not been.
Privacy coins should be one of the best type of cryptocurrencies in the market, because if the anonymity the cryptocurrency stand for. Privacy coins haven't seen much success in the market because they dont offer exciting much apart from privacy. Most users love innovative projects that have the potential to make them money and if privacy coins like monero etc want to enjoy a considerable success in the market, then there have to be some integrations with other types of projects like Defi, NFT etc
Indeed, I think the right protection coin could in any case succeed and be adequate.
Straightforwardness doesn't really mean absence of protection. Clients private stuff could be shrouded yet their exercises ought to be straightforward once they communicating with general society. immutablity and being unknown (esp in broad daylight) will in any case be significant for this situation
Straightforwardness doesn't really mean absence of protection. Clients private stuff could be shrouded yet their exercises ought to be straightforward once they communicating with general society. immutablity and being unknown (esp in broad daylight) will in any case be significant for this situation
The time will come when privacy will be looked after. It's all about time - trends change, and unfortunately privacy is on a likely All-Time Low at a global scale. Right now, people don't care. They want to make money, not to earn their stolen rights back. That's likely because these things don't affect them, their lives or their family directly yet.
With surveillance and control measures launched almost worldwide in the last few years, with all the attempts of governments to end E2E encryption and especially with the virus, I think it's gonna turn in the end one single way: all roads will lead to Monero. Just my opinion tho. Privacy is still undervalued and how authoritarian some governments are starting to turn is concering to say the least.
With surveillance and control measures launched almost worldwide in the last few years, with all the attempts of governments to end E2E encryption and especially with the virus, I think it's gonna turn in the end one single way: all roads will lead to Monero. Just my opinion tho. Privacy is still undervalued and how authoritarian some governments are starting to turn is concering to say the least.
People don't care about privacy because they have nothing to hide. Things could change in the future once governments ramp up their surveillance efforts. Blockchain and AI will be an integral part of a highly-surveilled system controlled by governments and central banks alike. Every transaction you make with a CBDC will be highly visible to said entities. Privacy coins would be the only solution available to help tackle governments' efforts on spying over people's lives. I think there's a chance Monero will gain traction after this happens. It may not be traded across centralized exchanges anymore, but people can still access it through other means. What matters is decentralization and censorship-resistance. As long as Monero stays true to its roots, nothing will be able to stop it. Just my thoughts
I wouldn't call it's destined to failure. But maybe crypto people specially those who are beginners didn't know what privacy is, or how important it is. They just invest on crypto that will give them the most profit, simply as that.
And with privacy coins, not giving good profits for them, then will shy away and look for other coins. But those who valued their privacy more, will definitely have some privacy coins stuck somewhere.
And with privacy coins, not giving good profits for them, then will shy away and look for other coins. But those who valued their privacy more, will definitely have some privacy coins stuck somewhere.
Do you think privacy coins are destined to failure? If not, why? Your input will be greatly appreciated. Thanks. 
Yes i do. The privacy coin will be a failure or at least there might become one that still exists in the market. These days people didn't care about that. Even dapps can be sued by the regulators. People will save themselves rather than being jailed by the regulators. did you see what happened with uniswap, idex? These dex were facing problems with regulators. That also reminds me of etherdelta as well. Privacy coin will be only very useful for the p2p transaction. CEX must follow the orders by the regulators and this will be forcing people to complete KYC verification to be able to access all of the features.
People have been leaving from the privacy coin started since a few years ago.
Even there's a FATF pressure to delist most of the privacy coins in the exchanges that they can talk with, it doesn't mean that privacy coins are going to be a failure.
Not for those established privacy coins like Monero. They can still thrive since there's already a community that supports it.
Not for those established privacy coins like Monero. They can still thrive since there's already a community that supports it.
Cryptocurrencies with a transparent blockchain ledger have seen an exponential increase in demand as people join the craze. Coins with smart contract functionalities and Bitcoin are soaring towards new All-time-highs. But the same cannot be said about privacy coins like Monero, Zcash, Grin, Dash, and BEAM. It seems that innovation and mainstream demand for privacy-oriented cryptocurrencies have declined for the past years.
Nowadays, it's all about NFTs and "De-Fi" leaving privacy behind in the dust. If you take a good look at the market, you'll notice that there hasn't been a new privacy coin for quite some time. New coins and tokens are usually built on existing blockchains with a transparent ledger or one from scratch without any privacy features whatsoever. If this keeps up, privacy on crypto might become extinct. The more centralized exchanges de-list privacy coins, the less their public exposure will be. Governments may have succeeded in destroying privacy coins altogether.
Do you think privacy coins are destined to failure? If not, why? Your input will be greatly appreciated. Thanks.
it has nothing to do with the government, this is solely due to trends and market demand, they can change and come back with new faces, so the old ones will also have an effect, just like the old fashion comes back with a new look. Nowadays, it's all about NFTs and "De-Fi" leaving privacy behind in the dust. If you take a good look at the market, you'll notice that there hasn't been a new privacy coin for quite some time. New coins and tokens are usually built on existing blockchains with a transparent ledger or one from scratch without any privacy features whatsoever. If this keeps up, privacy on crypto might become extinct. The more centralized exchanges de-list privacy coins, the less their public exposure will be. Governments may have succeeded in destroying privacy coins altogether.
Do you think privacy coins are destined to failure? If not, why? Your input will be greatly appreciated. Thanks.
Every cryptocurrency has its own use cases. We can't force to pressure all the privacy-oriented coins to support defi or NFT, It does not mean it will become obsolete and fail. The cryptocurrencies that preserve privacy and/or anonymity will last long, cause it deemed there will be some people that will be looking for it, even if the users are not the mainstream.
It is absurd to think that it is destined to fail by the markets or the governments. We are also still not yet in the phase whereas the majority of the exchanges will delist it. After all, Monero itself, if I'm not mistaken are developing atomic swaps and decentralized exchange based on it.
It is absurd to think that it is destined to fail by the markets or the governments. We are also still not yet in the phase whereas the majority of the exchanges will delist it. After all, Monero itself, if I'm not mistaken are developing atomic swaps and decentralized exchange based on it.
DeFi is all the rage right now but when regulation comes in and smacks them we will likely see another shift into something new. Maybe that is making NFTs even more popular or maybe it goes back to privacy coins with all the regulation and government involvement it's possible we see a move back into privacy coins.
First of all, why we need privacy coins in existence- there is one simple answer to it! To hide the source and trail of money! As simple as that! Otherwise when we have around 5000 crypto coins in the market with almost every functionality, why would there be a need to have a coin that emphasizes on privacy! Just think about it.
I personally don't think privacy coins will be extinct ever. Because a certain group of people will still want to use that. But it's market response will become limited as well. Time will tell if they are destined to fail or not, but I think it will alway remain appealing to a certain group of people who loves to protect theyr privacy at all costs!
I personally don't think privacy coins will be extinct ever. Because a certain group of people will still want to use that. But it's market response will become limited as well. Time will tell if they are destined to fail or not, but I think it will alway remain appealing to a certain group of people who loves to protect theyr privacy at all costs!
privacy has been underestimated lately in favor of the profit or the health of the community, but there are people like me who care a lot about their privacy which does not mean doing anything illegal, even if there are many exchanges that are delisting the most part of the privacy coins, as long as at least the main privacy altcoin monero is required,have market,it will survive
Well, I think the right privacy coin could still succeed and be acceptable.
Transparency doesn't necessarily mean lack of privacy. Users private stuff could be cloaked but their activities should be transparent once they interacting with the public. immutablity and being anonymous (esp in public) will still be important in this case
Transparency doesn't necessarily mean lack of privacy. Users private stuff could be cloaked but their activities should be transparent once they interacting with the public. immutablity and being anonymous (esp in public) will still be important in this case
The time will come when privacy will be looked after. It's all about time - trends change, and unfortunately privacy is on a likely All-Time Low at a global scale. Right now, people don't care. They want to make money, not to earn their stolen rights back. That's likely because these things don't affect them, their lives or their family directly yet.
With surveillance and control measures launched almost worldwide in the last few years, with all the attempts of governments to end E2E encryption and especially with the virus, I think it's gonna turn in the end one single way: all roads will lead to Monero. Just my opinion tho. Privacy is still undervalued and how authoritarian some governments are starting to turn is concering to say the least.
With surveillance and control measures launched almost worldwide in the last few years, with all the attempts of governments to end E2E encryption and especially with the virus, I think it's gonna turn in the end one single way: all roads will lead to Monero. Just my opinion tho. Privacy is still undervalued and how authoritarian some governments are starting to turn is concering to say the least.
Cryptocurrencies with a transparent blockchain ledger have seen an exponential increase in demand as people join the craze. Coins with smart contract functionalities and Bitcoin are soaring towards new All-time-highs. But the same cannot be said about privacy coins like Monero, Zcash, Grin, Dash, and BEAM. It seems that innovation and mainstream demand for privacy-oriented cryptocurrencies have declined for the past years.
Nowadays, it's all about NFTs and "De-Fi" leaving privacy behind in the dust. If you take a good look at the market, you'll notice that there hasn't been a new privacy coin for quite some time. New coins and tokens are usually built on existing blockchains with a transparent ledger or one from scratch without any privacy features whatsoever. If this keeps up, privacy on crypto might become extinct. The more centralized exchanges de-list privacy coins, the less their public exposure will be. Governments may have succeeded in destroying privacy coins altogether.
Do you think privacy coins are destined to failure? If not, why? Your input will be greatly appreciated. Thanks.
Nowadays, it's all about NFTs and "De-Fi" leaving privacy behind in the dust. If you take a good look at the market, you'll notice that there hasn't been a new privacy coin for quite some time. New coins and tokens are usually built on existing blockchains with a transparent ledger or one from scratch without any privacy features whatsoever. If this keeps up, privacy on crypto might become extinct. The more centralized exchanges de-list privacy coins, the less their public exposure will be. Governments may have succeeded in destroying privacy coins altogether.
Do you think privacy coins are destined to failure? If not, why? Your input will be greatly appreciated. Thanks.
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