Shiba Inu turns into privacy coin like Monero or ZCash? - page 3.

s.tanishka

jr. member

Activity: 211

Merit: 1

Quote from: tygeade on July 22, 2023, 08:11:32 AM

Quote from: bitgolden on July 20, 2023, 01:16:50 PM

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.

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.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: bitgolden on July 20, 2023, 01:16:50 PM

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.

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.

timoshani

member

Activity: 476

Merit: 12

https://imgur.com/1d0UcY0

It remarkably seems that Shiba Inu can become a private coin in the likeness of Monero. There is a plus to such a moment. For example, the price may increase significantly. Also, Shiba Inu can be used for financial relations in specific activities. But the downside is decreased interest in the token in the first stages of transformation.

bitgolden

legendary

Activity: 2772

Merit: 1128

Leading Crypto Sports Betting & Casino Platform

Quote from: fzkto on July 19, 2023, 09:44:19 AM

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.

Marvinnous

newbie

Activity: 68

Merit: 0

Quote from: Sovannar Sangha on July 19, 2023, 11:08:28 AM

Yes. the community hype and ripple is what matters the most there. if you buy meme coins that's okay too. but saving it for the next 3 years just feels good. I remember my friend buying DOGE which used to cost like a meme coin but now it's good. Will the Shiba Inu follow in Doge's footsteps?

I don't really understand how the price is forming. Do the coin launchers manipulate it somehow or that only depends on the number of investments and withdrawals..

fmz89

legendary

Activity: 1766

Merit: 1002

if shib move to anon which is bad in many countries just like shooting their foot, monero has demand on black market from many years ago
the adoption is truly be there, zcash in otherwise fadding like nobody these day talking about zcash, the tech already implemented in may cases/coin
did shib following dogecoindark ?, the doge on dark movement Grin

cogsmachine

newbie

Activity: 8

Merit: 0

Quote from: Abiky on July 14, 2023, 12:15:27 PM

Quote from: s.tanishka on July 02, 2023, 12:41:42 PM

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts Grin

This is a brief description of COGSmachine platform https://bitcointalksearch.org/topic/the-cogsmachine-5460271

"You don't see any new privacy-oriented crypto projects anymore. Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. "

"Project premise
Web 3 services are vended. A COG is a Web 3 vending machine that exchanges services for Tokens.

Overview and Ethos
The COGSmachine community of developers created the COGSmachine platform without VC funding. COGSmachine is a network of humans and synthetics building technology for the betterment and advancement of society.

Description
A COG is a single machine that run COGSmachine software and communicates with other machines using $COGS tokens. Networked COG(s) communicating with one another speaking the $COGS protocol comprise a COGSmachine. "

This is a brief description of COGSmachine platform https://bitcointalksearch.org/topic/the-cogsmachine-5460271

cogsmachine

newbie

Activity: 8

Merit: 0

COGSmachine stack can turn any digital asset or NFT into a bound token (BT) .

Then you can privately exchange assets like this shown in this video of selling a CQDN, BT, and SSL Cert over private networks. see:
https://twitter.com/COGSmachine/status/1656072890242957314?s=20

Note that anything can be included in the transaction e.g. contracts, code, deeds, digital media, etc.

Thousands of years of history proof that Buying and selling is a private common law contract. See Bill of Rights 7th Amendment and Article I Section X US Constitution (no state may impair the obligation of contract) .

Sovannar Sangha

jr. member

Activity: 31

Merit: 5

Quote from: Ngemmeng on July 03, 2023, 09:09:49 AM

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 Grin

Yes. the community hype and ripple is what matters the most there. if you buy meme coins that's okay too. but saving it for the next 3 years just feels good. I remember my friend buying DOGE which used to cost like a meme coin but now it's good. Will the Shiba Inu follow in Doge's footsteps?

fzkto

sr. member

Activity: 2254

Merit: 439

Leading Crypto Sports Betting & Casino Platform

Quote from: Abiky on July 14, 2023, 12:15:27 PM

Quote from: s.tanishka on July 02, 2023, 12:41:42 PM

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts Grin

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.

s.tanishka

jr. member

Activity: 211

Merit: 1

Have you considered that all memcoins could have the same creator? The creators of Shiba could also create Pepe and capitalize on it. They have a lot of experience and it is very easy for them. And here I was thinking that it makes no sense to buy old meme coins! At any time they could completely stop supporting their old memcoin and just create a new one to make even more money!

Abiky

legendary

Activity: 3178

Merit: 1359

www.Crypto.Games: Multiple coins, multiple games

Quote from: s.tanishka on July 02, 2023, 12:41:42 PM

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts Grin

s.tanishka

jr. member

Activity: 211

Merit: 1

Quote from: Ngemmeng on July 03, 2023, 09:09:49 AM

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 Grin

In fact memcoins have an important purpose! These memcoins are supposed to make their creators rich! Grin

) Everything here is based only on market makers who can inflate the price of the token to the sky

Marvinnous

newbie

Activity: 68

Merit: 0

It can be like that also. But I think you're wrong telling that all the meme coins have no roadmap. Most of them are scam for sure, but I think that some were created trying to get attention on some actual meme and hoping it will work well enough. On the whole, it's such a complex thing that I still don't quite understand.

Ngemmeng

full member

Activity: 1092

Merit: 100

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 Grin

s.tanishka

jr. member

Activity: 211

Merit: 1

Quote from: nyashenka on June 29, 2023, 07:15:49 AM

Quote from: Rimueng on June 29, 2023, 06:30:48 AM

Even if indeed the Shiba Inu will undergo an update to become a privacy coin through support from the Bermuda dApp and the rollout of the Layer-2 Shibarium protocol. Although it is possible to convert ordinary coins into privacy coins, the impact of this change depends on the technical factors and features introduced by the coin project. Changing to a privacy coin does not guarantee a significant increase in price, as the value of the coin is affected by various factors such as market demand, adoption and investor sentiment.

Many privacy coins like Monero and ZCash have problems with regulators and delisting on the exchanges. It is hard to develop a coin which is privacy.

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

nyashenka

newbie

Activity: 48

Merit: 0

Quote from: ?? on ??

Quote from: nyashenka on June 29, 2023, 07:15:49 AM

Quote from: Rimueng on June 29, 2023, 06:30:48 AM

Even if indeed the Shiba Inu will undergo an update to become a privacy coin through support from the Bermuda dApp and the rollout of the Layer-2 Shibarium protocol. Although it is possible to convert ordinary coins into privacy coins, the impact of this change depends on the technical factors and features introduced by the coin project. Changing to a privacy coin does not guarantee a significant increase in price, as the value of the coin is affected by various factors such as market demand, adoption and investor sentiment.

Many privacy coins like Monero and ZCash have problems with regulators and delisting on the exchanges. It is hard to develop a coin which is privacy.

True, privacy coins like Monero and ZCash often face challenges with regulators and are delisted on exchanges. This is due to concerns about the use of privacy coins for illegal activities such as money laundering and drug trafficking. Regulators and exchanges often seek to increase transparency and compliance with financial regulations. As a result, the development and acceptance of privacy coins has become difficult due to stricter regulations and resistance from some exchanges. This poses a challenge for developers to face the challenges of regulators and strike a balance between privacy and compliance with the law.

Privacy is very good for simple people but it is risky to regulators. Regulators can not contrall privacy coins and transactions in privacy coins and they want to bun privacy coins.

nyashenka

newbie

Activity: 48

Merit: 0

Quote from: Rimueng on June 29, 2023, 06:30:48 AM

Even if indeed the Shiba Inu will undergo an update to become a privacy coin through support from the Bermuda dApp and the rollout of the Layer-2 Shibarium protocol. Although it is possible to convert ordinary coins into privacy coins, the impact of this change depends on the technical factors and features introduced by the coin project. Changing to a privacy coin does not guarantee a significant increase in price, as the value of the coin is affected by various factors such as market demand, adoption and investor sentiment.

Many privacy coins like Monero and ZCash have problems with regulators and delisting on the exchanges. It is hard to develop a coin which is privacy.

Rimueng

member

Activity: 373

Merit: 12

Smart World Global Token

Even if indeed the Shiba Inu will undergo an update to become a privacy coin through support from the Bermuda dApp and the rollout of the Layer-2 Shibarium protocol. Although it is possible to convert ordinary coins into privacy coins, the impact of this change depends on the technical factors and features introduced by the coin project. Changing to a privacy coin does not guarantee a significant increase in price, as the value of the coin is affected by various factors such as market demand, adoption and investor sentiment.

Sethrey

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Activity: 916

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It's not the worst decision how to spend this time. Especially while there are such an airdrops that don't require any activity, you just have to run a software and stay online. Great!

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