Shiba Inu turns into privacy coin like Monero or ZCash? - page 4.

s.tanishka

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Quote from: Sethrey on June 21, 2023, 10:10:54 AM

I have one news in order to stay away from price predictions for at least one post. Utopia P2P just launched a huge airdrop for all its users. All you need to do is to be online in their messenger and there are 11,111 daily winners! Here's the info: https://twitter.com/UtopiaP2P/status/1669624485387939843

Well, while we are waiting for the bull market, we can start collecting airdrops. In fact even this activity can lead you to success if you wait for a bull market.

Sethrey

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I have one news in order to stay away from price predictions for at least one post. Utopia P2P just launched a huge airdrop for all its users. All you need to do is to be online in their messenger and there are 11,111 daily winners! Here's the info: https://twitter.com/UtopiaP2P/status/1669624485387939843

s.tanishka

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Quote from: Sethrey on June 15, 2023, 05:30:46 AM

And when this bull market will happen you think? As I'm already tired waiting for the Bitcoin to rise well.

I, too, am very tired and very much looking forward to when we open the new bull run. Unfortunately I do not have the gift of foresight and can not say exactly, but I assume that the next 2 months we will still be waiting for the accumulation, and only in the fall we will start to show some growth

Sethrey

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And when this bull market will happen you think? As I'm already tired waiting for the Bitcoin to rise well.

s.tanishka

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Yes, you are right in fact meme tokens change very quickly and their popularity can quickly extinguish. That's why they are now looking for a newsworthy reason not to forget about them and they have at least some reason to grow in the next bull market.

Abiky

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Quote from: s.tanishka on May 31, 2023, 02:06:54 AM

Delisting risk is another reason why this is just a news story. They will not risk their presence on many exchanges just to become a private token.

Exactly. Especially now when Binance started to de-list privacy coins in certain European countries. The vast majority of the world's governments are against privacy coins, so they will keep pressuring centralized exchanges to de-list anything private along the way. You think Shiba Inu developers want this in the long run? Of course not! This may be only a tactic to lure foolish investors into the cryptocurrency.

SHIBA is merely an ERC-20 token, so I fail to see how developers are going to make it private unless they're aiming for a separate solution like a mixer. It really doesn't matter since Shiba Inu is a "meme" coin. The coin will always be worthless in the eyes of serious traders and investors alike. All of the attention is on PEPE nowadays, making Shiba Inu a relic of the past. Just my thoughts Grin

Sethrey

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Quote from: capedbaldy on May 31, 2023, 05:58:49 AM

There is no delisting news and maybe it is invalid news because there are no sources reporting shiba delisting information, based on market capitalism and trading volume there is still a chance to stay on top exchanges, so delisting news will definitely have a bad effect on shiba coins and traders must wisely analyze the information before believe the news.

Really?? What about this news? https://cointelegraph.com/news/binance-to-delist-privacy-tokens-in-france-italy-spain-and-poland If even Monero is delisted, smaller alternatives will go the same way very soon.

capedbaldy

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Quote from: s.tanishka on May 31, 2023, 02:06:54 AM

Delisting risk is another reason why this is just a news story. They will not risk their presence on many exchanges just to become a private token.

There is no delisting news and maybe it is invalid news because there are no sources reporting shiba delisting information, based on market capitalism and trading volume there is still a chance to stay on top exchanges, so delisting news will definitely have a bad effect on shiba coins and traders must wisely analyze the information before believe the news.

Dollar_Hunter

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Quote from: Luffygroove on May 19, 2023, 11:56:24 PM

Hmm, may you share the source link, please? Well, if it's true, it's an interesting development for Shiba Inu. I think it's technically possible to add privacy features to a coin, but it's going to take a hell of an effort because there will be significant changes to its underlying technology and protocols. I think good utility is always a good idea, but price doesn't only depend on that alone. There are market demand, adoption, utility, overall market conditions, and investor sentiment to be considered. Besides, just like the forerunner, privacy coins get challenges from the government to exist, and of course, it's not a small challenge if Shiba Inu want to change. However, let's just see how it goes. Whatever it is, it's refreshing to see how a merely meme coin wants to change and add utility to their project.

unfortunately the OP didn't provide the source is it just an opinion?
I myself don't believe it because in my opinion Shiba is already in the metaverse category,
I saw their update on Twitter that they built a product with the name Shibaverse and of course that's very interesting.

s.tanishka

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Delisting risk is another reason why this is just a news story. They will not risk their presence on many exchanges just to become a private token.

Abiky

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Quote from: Sethrey on May 24, 2023, 02:38:23 PM

While Shiba Inu may have a large circulating supply and lack its own dedicated blockchain network, it's essential to recognize that cryptocurrencies can serve different purposes. Some coins aim to provide innovative technologies or solve specific problems, while others may focus on community engagement and meme-inspired branding.

That is true. But there are so many cryptocurrencies out there which serve nearly the exact same purpose as SHIBA INU. If one "meme" coin wasn't enough, imagine hundreds or thousands of them. I'm not saying that SHIBA won't have a future, but rather that the coin is more of the same. If SHIBA developers keep innovating, then I don't see why it shouldn't go to the moon in the first place.

For what I know, the new privacy feature is just a rumor. There hasn't been any intentions from developers to make this a reality soon. It's best to leave everything as is for the good of the project. Adding privacy features for SHIBA would force CEXs to de-list the cryptocurrency. It will await the same fate as Monero and Zcash. No one can predict the future, so let's hope for the best. Just my opinion

Sethrey

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Quote from: Abiky on May 19, 2023, 07:05:19 AM

It's all nothing but hype. Shiba Inu developers just want to attract as many fools as possible to suck the money out of their pockets for their own benefit. The cryptocurrency is just a "meme" coin with a large circulating supply. It was never meant to be taken seriously. We could say it's a "Dogecoin clone" without a Blockchain network of its own.

While Shiba Inu may have a large circulating supply and lack its own dedicated blockchain network, it's essential to recognize that cryptocurrencies can serve different purposes. Some coins aim to provide innovative technologies or solve specific problems, while others may focus on community engagement and meme-inspired branding.

Godday

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Shiba is a meme coin that basically doesn't have a Roadmap on their project. And in 2021 their price has ballooned so much that I think it's quite difficult to get back to their ATH because indeed the price at the time of ATH was very high for SHIBA. Maybe what makes sense is that they start developing new projects that will support SHIBA so that meme coins can become coins that have more selling value in the eyes of cryptocurrency enthusiasts.

s.tanishka

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Quote from: Abiky on May 19, 2023, 07:05:19 AM

Quote from: TastyChillySauce00 on May 09, 2023, 11:46:39 PM

Still waiting for an update regarding zero protocol to be implemented into shiba inu. I think that this will never be real. Shiba inu is still dependent on the ethereum blockchain and shibarium is not as good as people said.

I see no point why shiba needs to releasea zero protocol to turns to be privacy coin. Shiba just need to issue a new assets in the zero protocol blockchain.

The blockchain like zksync is good enough for that.

It's all nothing but hype. Shiba Inu developers just want to attract as many fools as possible to suck the money out of their pockets for their own benefit. The cryptocurrency is just a "meme" coin with a large circulating supply. It was never meant to be taken seriously. We could say it's a "Dogecoin clone" without a Blockchain network of its own.

If you really want privacy, use Monero or Zcash for your utmost sensitive transactions. I really hope people realize that it's not about the money but rather the usefulness of any given cryptocurrency. The industry is still in its "early days", so we should expect "meme" coins like SHIBA and PEPE to keep pumping for a while. The effects will be shortlived, especially when such coins have no substance behind them. Only BTC, ETH and a few other similar coins will survive because of the real use cases they provide to the world. Who knows how long will Shiba Inu last? Just my thoughts Grin

The irony is that no matter how long it lasts in plain sight, I'm sure it will give even more profit to its holders than bitcoin or ether. These are all stories of manipulation and it's not hard to trace whose wallets have a large concentration of Shiba tokens

Luffygroove

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Hmm, may you share the source link, please? Well, if it's true, it's an interesting development for Shiba Inu. I think it's technically possible to add privacy features to a coin, but it's going to take a hell of an effort because there will be significant changes to its underlying technology and protocols. I think good utility is always a good idea, but price doesn't only depend on that alone. There are market demand, adoption, utility, overall market conditions, and investor sentiment to be considered. Besides, just like the forerunner, privacy coins get challenges from the government to exist, and of course, it's not a small challenge if Shiba Inu want to change. However, let's just see how it goes. Whatever it is, it's refreshing to see how a merely meme coin wants to change and add utility to their project.

Velemir Sava

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Quote from: Sethrey on February 07, 2023, 06:17:41 AM

According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?

I think this is good and this is one of the efforts to improve the performance of the ecosystem and this will lead to growth in the value of the coin going forward and the update points towards more Privacy allowing anonymous transactions for users despite the lack of specific implementation and overall market response that is decisive.

Abiky

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Quote from: TastyChillySauce00 on May 09, 2023, 11:46:39 PM

Still waiting for an update regarding zero protocol to be implemented into shiba inu. I think that this will never be real. Shiba inu is still dependent on the ethereum blockchain and shibarium is not as good as people said.

I see no point why shiba needs to releasea zero protocol to turns to be privacy coin. Shiba just need to issue a new assets in the zero protocol blockchain.

The blockchain like zksync is good enough for that.

It's all nothing but hype. Shiba Inu developers just want to attract as many fools as possible to suck the money out of their pockets for their own benefit. The cryptocurrency is just a "meme" coin with a large circulating supply. It was never meant to be taken seriously. We could say it's a "Dogecoin clone" without a Blockchain network of its own.

If you really want privacy, use Monero or Zcash for your utmost sensitive transactions. I really hope people realize that it's not about the money but rather the usefulness of any given cryptocurrency. The industry is still in its "early days", so we should expect "meme" coins like SHIBA and PEPE to keep pumping for a while. The effects will be shortlived, especially when such coins have no substance behind them. Only BTC, ETH and a few other similar coins will survive because of the real use cases they provide to the world. Who knows how long will Shiba Inu last? Just my thoughts Grin

Sethrey

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Quote from: yohananaomi on May 09, 2023, 12:24:04 AM

we have to wait for the latest news from them whether it will indeed change or be improved and I agree with you that because there has been no clear confirmation from the shiba inu themselves, that's why until now, they are still a meme coin.
if indeed there will be changes then of course there is progress made by the shiba inu and this is of course good news that will be able to give more trust to the shiba inu, we are waiting for the release that will be issued by them.

I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.

s.tanishka

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I hope that zksync will not be a disappointment and all tests will pass with flying colors. I have high hopes for this project and for their possible airdrop.

And as for shiba, it's just a newsflash. They won't turn their useless meme coin into a private coin.

TastyChillySauce00

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Still waiting for an update regarding zero protocol to be implemented into shiba inu. I think that this will never be real. Shiba inu is still dependent on the ethereum blockchain and shibarium is not as good as people said.

I see no point why shiba needs to releasea zero protocol to turns to be privacy coin. Shiba just need to issue a new assets in the zero protocol blockchain.

The blockchain like zksync is good enough for that.

Topic: Shiba Inu turns into privacy coin like Monero or ZCash? - page 4. (Read 1414 times)