Topic: The future of privacy coin is not looking good - page 3. (Read 423 times)
Most certainly, the more government regulations keep spreading deep into the crypto space the more privacy projects become irrelevant. As much as people have negative opinions about centralized exchange and projects, a high percentage have been dominated by centralized projects and it will keep growing until nearly all privacy projects are phased out. I don't see the point of owning a privacy coin when you are a centralized exchange user.
I think that every investor should keep at least 10% of their portfolio in privacy coins. Some projects that I invested in are 0xMR, DERO, and RAIL.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
If you're worried, you better dispatch all of those and turn them into a good one that has no red flags by the government. We can't blame you for being worried because your money is on it and we can't do anything against the government if they keep on attacking and flagging down privacy coins.Most likely the flagging down will only be on the exchanges until no one has the way to sell them off there but only through p2p trades. But remember that we're on crypto, the governments can only regulate and manage to enter the exchanges but not the entire circulation and economy that it has, still depends on the privacy coin you hold.
Privacy coins are like power given to the people, the government will only rant and shout that they are unsafe but people will keep using it because they know the government can't keep their nose into their business this way, honestly, privacy coins are the strongest of all, perfect fit for the enemy of the government.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
It's hard for the government authorities to bring down privacy coins. They can create n number of regulations but they will always stay around because a certain group of people will keep on using it. Privacy coins are meant for a niche users and they will keep on using it.
But yes, these coins will always have attacks from the regulatory authorities because they can't track the transactions made using these coins. But as an investment, these coins are not great because the utility is very specific.
The blame is on the privacy coins developers because they build the system and still reveal who they are to the world, stupid, they never learnt anything from Satoshi's idea, the only reason why Bitcoin isn't been target is because the founder is unknown, that man is smart and saw all this coming.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
First of all what exactly is your reason on investing with privacy coin. Is it because you valued the privacy the most or you are just expecting to have a lot of profit for believing privacy coin will be boom someday?
Privacy is the number one coin affected when the regulators step in to regulate crypto because they are the opposite on what’s the government stand so if you want an investment token only then you should find other project that focus on making money since privacy coins are meant for untraced transaction not for investment purposes.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
It must be said that today privacy coins are being targeted by the government for being involved in terrorist activities, money laundering...
What is your original purpose in holding these privacy coins?, are you holding them for a certain privacy or for profit. As for privacy, just being anonymous with bitcoin is enough so you don't have to worry about government tracking. If you are aiming for profit then you better sell them and invest in other coins. Today, privacy coins seem to be used for only a few purposes and there is little hype so it will be hard to make a profit.
I believe that if you have private coins, then in the future these coins will be able to make a profit. And don't worry, these privacy coins will still make a lot of money. Cryptocurrency is a digital technology with a great future.
Privacy coins like Monero or Zcash have their own niche and will be here to stay. The usability and functionality without regard to price are essential for some people, but not the mainstream. So, if you are purely looking to increase your networth, I'm afraid choosing the privacy coin is a bad choice.
Even let's say a cryptocurrency that is not focused on privacy is also getting scrutiny from a centralized entity. So there is no doubt, that privacy coins are more prone to get regulated and watched.
Even let's say a cryptocurrency that is not focused on privacy is also getting scrutiny from a centralized entity. So there is no doubt, that privacy coins are more prone to get regulated and watched.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
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