How much privacy coins are really needed? - page 2.

Fiord

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Quote from: ?? on ??

They're used a lot on the dark web. A lot of bitcoins transactions is just people trading, not actually using it.

Perhaps people use privasy coins in most cases for something illegal, and otherwise use Bitcoin and Ethereum, since they are more common and familiar.

Quote from: dogtana on May 21, 2018, 10:29:28 AM

Quote from: liangweicha on May 21, 2018, 08:51:21 AM

I've always felt that investing in anonymous tokens is a risky business.
Because anonymous tokens can now face many problems, such as policy factors.

Exactly. Coincheck is already banning 4 of them. This is why I am glad ETN is reducing privacy. Good move.

I have herd thet ETH will implement zk-SNARKs for anonymous transactions, I guess it may be positiv end negativ thing for Ethereum in the same time

dogtana

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Quote from: liangweicha on May 21, 2018, 08:51:21 AM

I've always felt that investing in anonymous tokens is a risky business.
Because anonymous tokens can now face many problems, such as policy factors.

Exactly. Coincheck is already banning 4 of them. This is why I am glad ETN is reducing privacy. Good move.

BitcoinHodler

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HODLing is an art, not just a word...

your comparison is flawed because you are not analyzing the numbers themselves and just comparing the raw data to each other.

we have bitcoin which has been the cryptocurrency that people know as a cryptocurrency and it also is considered an alternative investment to gold, stocks,... and also is acting as a currency.
then we have ethereum which has no real usage apart from ICOs and of course the speculators. so the number of transactions on it is higher because of all these ICOs. it is not handling real monetary transfer in a sense than a currency does.

so when you are comparing an anon coin like Monero with these two you are comparing it with the most famous thing out there (bitcoin) and ethereum. and these anon coins having that many transactions is still a big deal if you ask me.

liangweicha

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I've always felt that investing in anonymous tokens is a risky business.
Because anonymous tokens can now face many problems, such as policy factors.

berezov_petro

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Quote from: Fiord on May 21, 2018, 07:10:39 AM

I made a table:

I thought that one of essential parts of crypto is privacy but it appears that people do not appreciate privacy as much as it seems, if you take all the transactions of Monero, Zcash, Bitcoin and Ethereum for 100%, then only 1.32% falls on Monero and Zcash, what is your thoughts on this?

Many people really do not use anonymous cryptocurrencies, because they do not need it right now. But sooner or later everyone wants to be anonymous and then they move on Zcash or Monero. I think that these two coins will grow in the future.

TomiJerry

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I think that in the foreground it is the ease of use and functionality of the coin. Privacy is not necessary for ordinary people, often privacy only hinders the conduct of ordinary payments. Monero most popular among hackers.

NeuroticFish

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Quote from: Fiord on May 21, 2018, 07:10:39 AM

I thought that one of essential parts of crypto is privacy but it appears that people do not appreciate privacy as much as it seems, if you take all the transactions of Monero, Zcash, Bitcoin and Ethereum for 100%, then only 1.32% falls on Monero and Zcash, what is your thoughts on this?

Well, there's Bitcoin and Ethereum, where we have modern era's gold rush and we have more and more services, these coins don't even need advertising since people know what they are, then there's the rest of the crypto world.
It's not about "the need of privacy" here, there's only a tiny fraction of that which makes the difference. Most people didn't even hear of those coins. Or they are scared to use them, since they don't want to be associated with "dark web coins" (although people should care about privacy even on honest transactions).

So imho unfortunately the table tells only a tiny part of the story and it's far from conclusive on what people need.

Fiord

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I made a table:

I thought that one of essential parts of crypto is privacy but it appears that people do not appreciate privacy as much as it seems, if you take all the transactions of Monero, Zcash, Bitcoin and Ethereum for 100%, then only 1.32% falls on Monero and Zcash, what is your thoughts on this?

Topic: How much privacy coins are really needed? - page 2. (Read 208 times)