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Topic: What about privacy coin? (Read 256 times)

sr. member
Activity: 1176
Merit: 250
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April 29, 2022, 01:57:48 PM
#37
I admit that privacy coins have decreased in popularity, but that doesn't mean they're over. As long as centralized systems are popular, privacy coins will always be needed. because there are still many people who want to be anonymous. so monero, zcash or dash will still be in the crypto market and still have a future.
To stay in crypto is not the main problem because of popularity, there are still many coin developments that do not generate returns but are still able to survive in crypto, all coins that are considered no longer popular still have the possibility to strengthen, as long as development is carried out as needed, this can we'll see, how certain coins can react in the market, according to the current moment or hype, but not all coins also experience the same opportunity as that
hero member
Activity: 3164
Merit: 675
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April 29, 2022, 01:26:12 PM
#36
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
The privacy coin hype is over due to too much intervention from the government. and maybe this is the fate of all privacy coins today. Even so, there is always hope for these coins, so there is no need to worry about the future of privacy coins. the need for privacy coins is still quite high, so this is one big reason why privacy coins like monero, or dash are still surviving.
Privacy coins are getting lesser attention because new generation barely recognizes the privacy and doesn't care about it as much as we do. The age we live in right now is literally giving away your data yourself. All those posts, messages, photos, videos and everything, people thrive on being out in the open and not being hidden.

Obviously, there are still some who like it, like me, but that doesn't mean that it is the general population anymore, even the elderly share everything online and that usually ends up being their daily life. This is why there is really nothing that we should be hyped about a privacy coin when there is no more privacy in our lives.
legendary
Activity: 1932
Merit: 1273
April 29, 2022, 10:50:39 AM
#35
Broadly looking at how cryptocurrenices work today, most people are busy with NFT, DEFI, and established meme coins like Doge

This however is basically nothing but the crystal truth. What the vast majority these days are longing for are projects that could get them rich like GetRichQuickScheme as we do call it. These memes and NFT fit into that category.

Besides i'm not in anyway calling these projects scam but literally what I'm trying to say is that project like Shiba, Floki and them NFT can make you a millionaire in a blink of an eyes.
And that is the ground idea of what most developers built those projects. People have a narrow point of view that they didn't consider how many people lost their funds playing around with NFT, and meme Coin. It fits most people that haven't been unaware of cryptocurrencies before. For example, this thread[1] shows Shiba's popularity compared to others. People will use cryptocurrencies that spark their curiosity and interest them the most.

But technically, the privacy coin won't lose it meaning, there is valuable concept within it.

[1] https://bitcointalksearch.org/topic/google-trends-study-shows-shib-is-the-most-popular-crypto-in-the-uk-5396585
legendary
Activity: 2954
Merit: 1153
April 28, 2022, 05:14:14 PM
#34
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

The current trend of cryptocurrency is institutional adoption and privacy coins are at a disadvantage in this.  Most institutions comply with AML so they prefer non-privacy cryptocurrency to avoid problems with the government.

Privacy coins still have their market especially in the sector where a transaction needs to be made anonymously.  I don't think it is the end for the privacy coins but I think they will be used mainly on the black market.
hero member
Activity: 2702
Merit: 510
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April 28, 2022, 04:46:03 PM
#33
Why did some people keep believe if privacy coin will become a major trend again? If privacy coins were good and it doesn't make sense the privacy coins can't sustain for long term. That reminds me with the coin like veil, grin or something else. You need only one privacy coin and monero was  enough to cover all of your need once you need untraceable transaction and why do we need so many privacy coins? Monero has proven itself to be the most worth privacy coin and another coin was only offering gimmick.
Time flies so fast and privacy coin dead except zcash and monero. Zcash was also still peg with its cooperation with big coin like ether
sr. member
Activity: 2282
Merit: 470
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April 28, 2022, 11:38:17 AM
#32
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
I invest in Monero last 2-3 months ago as I have noticed that Monero's price doesn't affect that much by the price of the Bitcoin and currently I am up but I think by 60%? Only few people talks about the privacy coin but I think they are good coins with purpose and they are also a good investment too, I currently saving as much Monero as possible.
sr. member
Activity: 2296
Merit: 256
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April 28, 2022, 09:42:35 AM
#31
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
Coin privacy I think belongs to the type of security coin that has a long movement in its trading. I think this coin is very rarely developed, even old coins like XMR are starting to fade, as if they don't have much community support anymore. The cryptocurrency community seems to be more interested in utility-type coins because they are more usable to create an ecosystem, and they hype up faster than security-type coins.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
April 28, 2022, 09:32:22 AM
#30
I admit that privacy coins have decreased in popularity, but that doesn't mean they're over. As long as centralized systems are popular, privacy coins will always be needed. because there are still many people who want to be anonymous. so monero, zcash or dash will still be in the crypto market and still have a future.

Yes, privacy coin is not popular as other coins but they quite useful for some people.
As long as the privacy coins have real use case, they won't be gone in the future.
We can look at the mining hash rate of privacy coin such as Monero, it has a good hash rate, meaning the value of the coin is still profiting for miners
sr. member
Activity: 2282
Merit: 439
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April 28, 2022, 07:45:25 AM
#29
Private coins have a good future, especially time-tested coins such as ZEC or XMR. There is increasing scrutiny of cryptocurrencies around the world because many countries are starting to accept it. Tax reports, wallet verification, banks, CBDC all affect the anonymity and privacy of your money. And only private coins will prevent anyone from getting into your life and keeping an eye on your funds.
full member
Activity: 504
Merit: 131
April 28, 2022, 05:09:55 AM
#28
Have to agree. Regulation is coming to the space big time. They will be especially interested in the privacy coins.
full member
Activity: 821
Merit: 100
Volare.network
April 28, 2022, 04:33:28 AM
#27
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

The privacy coin hype is over due to too much intervention from the government. and maybe this is the fate of all privacy coins today. Even so, there is always hope for these coins, so there is no need to worry about the future of privacy coins. the need for privacy coins is still quite high, so this is one big reason why privacy coins like monero, or dash are still surviving.
hero member
Activity: 1414
Merit: 542
April 28, 2022, 04:15:37 AM
#26
Sad but true.
The trend is not about privacy anymore and it's more on dogs, NFT, DeFi, Web3, etc... It's difficult to go back where Monero was being discussed left and right. Let's just say the file is buried but it's still there. But who knows, maybe somewhere in the future a billionaire will clean up dust and pull that file again and make it surface to this new world of cryptocurrencies.

Yeah, gone are the days that crypto enthusiast are more on the privacy than regulation. But I guess that is the part of the world we live in right now. It is evolving, what remains constant is change so as much as we hate it, those privacy coins are not going to be patronage by crypto investors because their investments are not going to yield big profits as compare to the current hype.
hero member
Activity: 3052
Merit: 651
April 28, 2022, 04:13:05 AM
#25
Sad but true.
The trend is not about privacy anymore and it's more on dogs, NFT, DeFi, Web3, etc... It's difficult to go back where Monero was being discussed left and right. Let's just say the file is buried but it's still there. But who knows, maybe somewhere in the future a billionaire will clean up dust and pull that file again and make it surface to this new world of cryptocurrencies.
legendary
Activity: 1820
Merit: 1207
April 28, 2022, 04:10:36 AM
#24
I'd say the second most important coin is privacy coin, the first is still Bitcoin. I don't see any other coins is important, they're mostly copy pasting projects and centralized. There's no reason why someone should hold centralized coins and moreover giving their KYC to centralized entity, it's similar like you save your fiat in bank. No one talking about privacy coins because most people doesn't care with privacy, I've seen so many people just giving their KYC for $5-$10. Also many governments and exchanges are against privacy coins, some exchanges even blacklist privacy coins.
hero member
Activity: 3080
Merit: 603
April 28, 2022, 04:03:05 AM
#23
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
Well, it seems that the government is tracking down most of the privacy coins. They don't like it and they don't like censorship and that's why they're putting at risk those exchanges that will be caught to be listing it. And the reason why exchanges are delisting it because of the pressure that they're getting from these authorities. But if it's about privacy coins, if I'll expand my portfolio maybe a little of it will be added to mine but not going to exceed 10%.
full member
Activity: 585
Merit: 100
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April 28, 2022, 03:36:58 AM
#22
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
Privacy coins I think are security-type coins where their price movements are much slower than utility-type coins, therefore they don't seem to be in demand. as we know cryptocurrencies always prioritize hype, they are more interested in coins that have a high risk but produce large returns, rather than having to secure their data or any security, it is better to get large returns.
legendary
Activity: 1932
Merit: 4602
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April 28, 2022, 03:23:45 AM
#21
Privacy coins play an important role in the cryptocurrency world, but think about their value if the global regulator orders all exchanges to delist these coins. These coins will live, but their popularity and trading liquidity will greatly decrease.
full member
Activity: 1204
Merit: 102
April 28, 2022, 02:30:39 AM
#20
I admit that privacy coins have decreased in popularity, but that doesn't mean they're over. As long as centralized systems are popular, privacy coins will always be needed. because there are still many people who want to be anonymous. so monero, zcash or dash will still be in the crypto market and still have a future.
full member
Activity: 1024
Merit: 100
April 28, 2022, 02:24:47 AM
#19
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

privacy coins are still needed in the crypto space, that means they still have a future. maybe it's not very audible right now because everyone is focused on NFT and the Metaverse. but their ecosystem is still quite large and that can be said to be good for now. so there is nothing to worry about privacy coins, they are still needed.
sr. member
Activity: 2016
Merit: 283
April 28, 2022, 12:52:32 AM
#18
Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.
perhaps they are still common and very useful till this day, but we need to accept the fact that most investors are really interested in hypes in the market because that's the way where they can make good return. Infact to me that's why it's not surprising these privacy coin looks like a second options only in the space because of these new emerging projects as well that always makes hypes in the market, wherein, that can really get more attention of some investors..
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