Topic: Privacy Coins-Yay or Nay? (Read 145 times)
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I completely disagree. There is Bulletproofs and TumbleBit and finally, even If it's not related to privacy, you have Lightning network. These things will make Altcoins (even privacy based ones) totally useless. It may be a little bit early to say this, but people should consider selling their alts from now.
So one prevailing view is that privacy coins will be big in 2018. This is because there's increased oversight, regulation, and crackdown regarding cryptocurrencies, specifically in China and South Korea.
The knee-jerk response to this is to invest in more privacy-oriented coins, i.e. Spectre, Monero, etc. This makes sense on first blush, but I have my reservations.
My chief worry is that while these coins do indeed provide protections from such interventions, a project that is designed to stymy regulators likely doesn't have a future. It may not serve as an effective store of value because liquidity will be poor-it may end up impossible/illegal to transfer large amounts from such coins into more mainstream coins, and then into fiat. Coins that partner with regulators may fare better.
So these in my view are the competing forces. What does everyone think?
The knee-jerk response to this is to invest in more privacy-oriented coins, i.e. Spectre, Monero, etc. This makes sense on first blush, but I have my reservations.
My chief worry is that while these coins do indeed provide protections from such interventions, a project that is designed to stymy regulators likely doesn't have a future. It may not serve as an effective store of value because liquidity will be poor-it may end up impossible/illegal to transfer large amounts from such coins into more mainstream coins, and then into fiat. Coins that partner with regulators may fare better.
So these in my view are the competing forces. What does everyone think?
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