5 Of The Most Undervalued Privacy CoinsIn a bear market it may seem strange to some to go hunting for alts to buy while everyone’s panic selling. I would argue that this is actually a very good time to go shopping around. There’s many coins at lows we may not see again when the market turns bullish.
No-one knows for sure whether or not the bleeding’s stopped, but as BTC has returned to the price it was before the crazy winter ’17 pump, it’s likely that many inexperienced investors (who’ve gotten cold-feet from recent, high-profile and calculated FUD) have now been shaken out and we’ll see a recovery soon. Cryptos are not going anywhere. Though the media, banks and governments would like them to disappear; the genie is out of the bottle now.
In this blog I’ll concentrate specifically on Privacy coins.
https://medium.com/@ainsleyh/5-of-the-most-undervalued-privacy-coins-f3030ec146ad Verge's Wraith Protocol is basically a bad copy of Shadowcash's privacy setup, sorry if it sounds like hating but hear me out!
Shadowcash setup was using ring signatures + stealth addresses as early as 2014 (I hear even as early as late 2013 but that I am not 100% sure). What Wraith Protocol proposes is only stealth addresses (which by the way only hides tx participants, not the amounts transferred), then they claim that they are "fathering" the privacy-as-an-option niche of cryptocurrencies (as in...it's never been done before). That is clearly a lie and willingly misleading: Shadowcash, Monero, Dash, PIVX and many others already did this YEARS ago and much better.
Stealth addresses are literally not good enough to keep transactions private. They are not even considered blockchain analysis-safe anymore unless they are integrated on top of additional privacy protocols. What the Shadowcash team had was stealth addresses + ring signatures, but even that got old quickly, and is one of the major reason they moved from SDC to PART and decided to implement RingCT (Ring signatures + stealth addresses + CT) on top of the Bitcoin codebase.
So allow me to be very doubtful of anyone claiming Verge is a serious and innovative crypto currency when in reality they are really struggling to copy half of what was widely done years ago by many privacy projects. Verge is straight up insulting to privacy advocates and people that actually care about privacy being about privacy and not hype.
Just my 2 cents, quite glad to see Particl and PIVX up in your top 5 though
Cryptoguard, he didn't write the blog, I did. He just shared it (thanks).
I'm not sure if you're talking in general or me specifically when you say: "
So allow me to be very doubtful of anyone claiming Verge is a serious and innovative crypto currency". I made no such claims, I even mentioned that people found the Wraith Protocol underwhelming. I don't have the same dislike of Verge as you do, but neither do I see it as revolutionary. I definitely think there's a place for it though and I'm interested to see where it goes.
The blog was simply for people wishing to buy altcoins during the crash to take advantage of the lows. It was right, shortly after posting every alt on the list increased quite a bit, two of them 40% or more. So it fulfilled this purpose. In hindsight it's easy to say this was obvious that these 5 coins would recover strong, but it wasn't so obvious to people panicking and predicting the end of crypto during this latest crash.
It was simply to give people a brief on the coins and what the current lows were vs. recent prices. It wasn't a commentary on which coin is better than the others.
Actually, I'd list as favourites for long-term as:
1) Phore
2) Particl
3) PivX