The main reason I'm interested in cryptocurrency is the ability to conduct transactions anonymously and to hide one's wealth from those who would rob you (whether that be the government or individuals). For those HODLing coins that are especially well suited to maintaining the user's anonymity, a global full-fledged government crackdown is going to be good for them; they'll end up with the most valuable coins as other coins become too dangerous to use. (Mind you, BTC/etc. could still be in use in such a scenario, it'll just be higher risk, I think, which is something that most people don't want to deal with.)
One coin that I really like that is going to the direction of full anonymity is SpectreCoin (XSPEC).
Right now, a thousand USD will get you a little over 1,600 XSPEC. Or, you could wait and see if the price drops a little. However, even if you buy now, in the next year I expect the value of XSPEC to soar, perhaps into the $1 or $2 range. Apparently I'm not the only one, either:
https://walletinvestor.com/forecast/spectrecoin-predictionMy recommendation is you put your 1k in SpectreCoin.
Honestly with the milestones on their road map set for next year I wouldn't be surprised if it was closer to 4 or 5 bucks. It basically functions like IOTA with no tangle and is completely anonymous. Ring signatures plus Tor integration already exist if what I'm reading is right AND it doesn't use exit nodes. That means everything happens inside the onion itself. It just shot up .20cents yesterday. Seems as if more people are finding out about it gradually as their marketing is shit. It's like a word-of-mouth burger joint with no sign. But the kind of anonymous burger joint that, within a year or so, has a line of people outside waiting to get a burger. You know what I'm talking about.
Can I ask what you see as the real value to spectre coin, other than anonymity.
It is my opinion that the market is moving towards Dapps with a real world application of transitioning traditional functions to decentralised alternatives.
Privacy coins, in my opinion, have had there time and will not be the biggest winners in 2018.
Hi tomwalsh, thank you for the question.
With all due respect, I wonder if you are missing the point. Anonymity IS the real value of Spectrecoin. Robust anonymity, that is. This coin is not messing around when it comes to protecting the privacy and anonymity of its users.
Say, have you ever heard of the "World's Smallest Political Quiz?" (If not, look it up. You'll learn something new, if nothing else.) The Libertarian Party likes to use it as a recruiting tool. Know why? Because, despite the seemingly radical slant of its questions,
the consistent results from the quiz indicate that more people unknowingly identify as libertarian than any other political persuasion. These are people who value their privacy, and they do NOT want anyone, let alone guns-and-fists wielding government thugs, involving themselves in their private affairs - including their financial transactions, communications, and personal net worth. And, believe it or not, they are not just a tiny minority.
My point is, people who value privacy may not be a vocal bunch, but they are a large and economically powerful minority (if not majority). When you say "other than anonymity," as if that were a minor detail, it makes it appear that you are out of touch with a major segment of your countrymen (assuming you are a U.S. or Canadian person.) Coins that secure the privacy of the individual have not at all "had their time;" as a matter of fact, with the mounting government crackdown around the world on Bitcoin, and application of their insidious AML/KYC laws to crypto transactions and trading, privacy coins are
only now beginning to come into their own. Bitcoin no longer enjoys the presumption of privacy it enjoyed in past years.
John McAfee was not kidding when he indicated that the privacy coins will see a major increase in market share going forward.
If you want to ride the next big wave in crypto to financial security, I strongly recommend that you not make the mistake of overlooking privacy coins.