Topic: Shiba Inu turns into privacy coin like Monero or ZCash? - page 2. (Read 1409 times)
Has anyone used the new shiba inu blockchain yet? After the news of its creation, nothing more has been heard about it.
I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.
Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.
I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts
Now, lets talk about Shiba Inu, which some people jokeily call the "Dogecoin killer." Using a fake name has its benefits, especially in the social and political climate of today. But here's an example of "gobbledygook": What if Shiba Inu tokens werent just fake names, but also had layers of security based on quantum entanglement? A silly and rather nonsensical idea, maybe, but one that makes you think.
But I have to say that I admire your trust in how the group makes decisions. The group mind does sometimes catch us by surprise, doesnt it?
Shiba Inu was first a success and its roadmap was later made. The first thing they announced was a dapp and which introduced further tokens based on Shiba itself. Though the coins cashed on with the popularity of Shiba Inu, the dapp was and is a failure. Now they are trying every possible way to keep the token in trend and hope for a rise so that a lot of the large holders could get off their coin on profit. Most of the meme tokens are one time thing. A new meme would take over an old one.
And have you thought why they became meme tokens? Not all of them were created like that. And how can we blame them if it just turned out to be like that. While its creators don't even have so much money for its further development. Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.
This tells us SHIBA is nothing but pure hype. If developers actually cared about it, we would've had a smooth launch of its own L2 network (called Shibarium). I don't think SHIBA will get privacy features, especially when privacy-oriented cryptocurrencies are highly-unpopular these days. Governments will be on developers' "tails" if they do this. There are other important things to take care of, besides privacy.
Why not start by burning the number of coins in circulation? By making SHIBA scarce and deflationary, market prices could soar all the way above $0.01. Of course, it's not only the price that matters. The token must be useful for it to stand the test of time. Without any real use cases, why would I invest into SHIBA in the first place? There are far better alternatives with a proven track record of development and innovation. Who knows if Shiba Inu becomes history soon? Just my opinion
It always seems to us that the easiest option would be if some project just burned most of the issue as was the case with the TWT token. The price would immediately increase several times. But unfortunately this is a very rare case. So here SHIB holders can only hope that in the next cycle the whales will still make a pump
Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.
This tells us SHIBA is nothing but pure hype. If developers actually cared about it, we would've had a smooth launch of its own L2 network (called Shibarium). I don't think SHIBA will get privacy features, especially when privacy-oriented cryptocurrencies are highly-unpopular these days. Governments will be on developers' "tails" if they do this. There are other important things to take care of, besides privacy.
Why not start by burning the number of coins in circulation? By making SHIBA scarce and deflationary, market prices could soar all the way above $0.01. Of course, it's not only the price that matters. The token must be useful for it to stand the test of time. Without any real use cases, why would I invest into SHIBA in the first place? There are far better alternatives with a proven track record of development and innovation. Who knows if Shiba Inu becomes history soon? Just my opinion
Shiba Inu was first a success and its roadmap was later made. The first thing they announced was a dapp and which introduced further tokens based on Shiba itself. Though the coins cashed on with the popularity of Shiba Inu, the dapp was and is a failure. Now they are trying every possible way to keep the token in trend and hope for a rise so that a lot of the large holders could get off their coin on profit. Most of the meme tokens are one time thing. A new meme would take over an old one.
If it's true that the latest update will bring Shiba Inu like that, it will change the Shiba Inu from being a meme coin to a privacy coin which is better and clearer on purpose. Because compared to being a meme coin that only relies on pumping, it would be better for Shiba Inu to be a privacy coin that can be used by people for faster and anonymous transactions globally.
I have no idea how the Shiba Inu coin will fare in the future but I hope that it will be in a good position one day. If anyone plays with it, they will have to wait a long time because no one knows exactly how many years this coin will go up in price. .But anyone can invest in it if they want to.I sometimes think of investing but I refrain from investing when I wonder when it will increase in price.Shiba Inu Coin is now being bought by almost everyone and may be good in the future. by thinking
Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.
Shiba Inu is one step closer to become one of potential project, maybe the SHIB token will not be an expensive token for now, but we must remember, the supply of SHIB continues to decrease from time to time due to burning. Additionally with Shibarium the ecosystem will have a clearer future than any other memetokens. Shiba launched BONE which will be used as currency to pay for gas in the Shibarium ecosystem. Apart from SHIB & BONE, it is possible that Shiba will launch a TREAT token, still don't know this token will be used for. Look like Shiba will be more interesting after Shibarium mainnet release.
Looks like they are not actually just joking here because they are doing something new and keep developing their project unlike other competitors after they created some meme coins that actually have no real working road maps, they didn't follow it up to make their investors hype with their working ideas. One of the things to trust in a project is when they make it real whatever they said about in their roadmaps especially those that are partner with the big companies and they won't just let others innovate in the crypto industry rather they also make something new such a this Shiba's new offer to their investors which will be some kind of good investment as well.
I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.
Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.
I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts
What you said is that I do not agree with you because like Shiba inu it is a meme coin but it has a utility like shibaswap where you can stake Shib and the rewards you get are still bones under Shiba inu .
-snip-
-snip-
Shiba Inu is one step closer to become one of potential project, maybe the SHIB token will not be an expensive token for now, but we must remember, the supply of SHIB continues to decrease from time to time due to burning. Additionally with Shibarium the ecosystem will have a clearer future than any other memetokens. Shiba launched BONE which will be used as currency to pay for gas in the Shibarium ecosystem. Apart from SHIB & BONE, it is possible that Shiba will launch a TREAT token, still don't know this token will be used for. Look like Shiba will be more interesting after Shibarium mainnet release.
Have you even factored in SHIBA inflation, how many more coins do we have in circulation each year. I ask because I'm wondering if we'll see a price above the previous ATH given that the circulatioin suply will increase a lot.
Coin memes don't have any utility and they don't even have a roadmap like a typical utility project. in other words there are no plans or innovations worth waiting for. What made Shiba become as popular as it is now is not the utility but the hype. maybe this news was created by a group of shiba lovers to increase the shiba hype and beat the elon backed doge
What you said is that I do not agree with you because like Shiba inu it is a meme coin but it has a utility like shibaswap where you can stake Shib and the rewards you get are still bones under Shiba inu .
And on top of that, there is also a shiboshi for its NFTs and the last one is Shiba inu metaverse and Shibarium for your information and maybe you are not aware of the things I mentioned. Yes it is true that Shiba Inu is not a utility instead it is a native token.
anything can happen to the problem of increasing the price in a coin. but remember, it all depends on how big the demand for this coin will be
Very soon they will launch their blockchain. The price has gone up 25% in the last week. I think that closer to the launch of the blockchain, the price will rise a little bit more. But after the news comes out, the price will definitely correct.
WHAT ARE U SPEAKING OF? As the last thing we mentioned was anonymous withdrawal and you seem to miss the topic of discussion.
Very soon they will launch their blockchain. The price has gone up 25% in the last week. I think that closer to the launch of the blockchain, the price will rise a little bit more. But after the news comes out, the price will definitely correct.
Maybe you can tell us how you want to hide all transactions? Of course you can do it, but not every country can do it? Where in European countries can you anonymously exchange cryptocurrency for cash?
And what about crypto ATMs? As I know all you have to enter is your address or scan the QR code with your wallet app. And if the wallet is no KYC then it seems that you get cash anonymously, no? I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.
I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.
Maybe you can tell us how you want to hide all transactions? Of course you can do it, but not every country can do it? Where in European countries can you anonymously exchange cryptocurrency for cash?
I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.
I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.
I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.
I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.
That is the right thing to do, and that is how the world turns. There will always be some people who will think individually, they will think "I shouldn't pay taxes and find loopholes to avoid it" even when they know that government has to sustain to keep them alive as well, they just think others would pay their fair share of taxes, or they just think there are other people who do not pay full of their taxes so why they should and these type of thinking causes a lot of people to try to avoid their crypto taxes as well.I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.
If you traded and if you made some profit then you should pay the taxes of that if the country wants it, if they still figured that out then you are lucky but if they come asking for it then you should be paying.
Talking about taxes is always ambiguous and can lead to many disputes. Each person has his or her own point of view on this issue. But I have realized one thing over the years: it is better to pay taxes and sleep well! When there is a law in my country that will allow me to pay taxes on cryptocurrency profits I will simply pay them and not worry about my property being seized.
it happens if you are detected as an active crypto user with many assets. But if you are undetected there is nothing to worry about your property. Maybe the rules in each country are different, but the government won't know you as a crypto user if you don't tell your personal wallet. Stay anonymous and enjoy your crypto assets. The government just wants to blackmail anyone with crypto taxes. Even if you use a local centralized exchange in your country, they already deduct taxes from your transactions. then what are you worried about?
Jump to: