What's wrong with Privacy Coin? | Bitcointalksearch.org

Yaunfitda

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Quote from: Master of Shitcoins on February 05, 2022, 06:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

I think that's the keyword, there is no demand for privacy coins. Primarily because people are not concern about their privacy simply as that. They want fast moving and easy money grab.

Quote from: Master of Shitcoins on February 05, 2022, 06:22:23 PM

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yes, when the concept is very new, investors tends to flock on them. But when the market is saturated it become evident that they are no longer interested and it's hard to trade and there is no money to be made because that is not the purpose of privacy coins in the first place.

bittick

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Quote from: SirLancelot on February 07, 2022, 03:31:34 PM

Quote from: bittick on February 07, 2022, 11:47:57 AM

Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

That is obviously something that you would be able to say only if you are either doing something legal, or you are doing both legal but also paying your taxes without a worry. There are two types of people who use privacy coin, they either do something illegal, like sell drugs on darknet etc etc type of stuff, or if they do not do that then even if they use it for legal stuff, they just want to keep their amount hidden from the government in order to avoid taxes.

Yeah i know that but even if they wanna hide their money use privacy coin and they will always be dealing with the tax when they wanna take their money to their bank account. If that's the main intention for people to hide their money and basically pseudonym is more than enough.

Quote from: SirLancelot on February 07, 2022, 03:31:34 PM

If you do none of those things then you would not feel like that would be something that you should care about. Obviously it is not end of the world if you still use it without any of that, but people like me and you do not need them.

that's why the price of privacy tokens are doing down a lot. We didn't need it and we are leaving it. That means the demand was also decreasing. This is also giving the privacy coin a long term impact.
The mimble wimble implementation by litecoin proves that of this time privacy is nothing

Yogee

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Crypto is moving to mainstream. I may as well ignore privacy coins if I was a newbie and I would like to start my crypto journey for the sole purpose of making profit. I probably would have never known about privacy coins at a time when meme tokens and Metaverse are the trend. Just imagine how many newbies would think of the same thing.

SirLancelot

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Quote from: bittick on February 07, 2022, 11:47:57 AM

Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

That is obviously something that you would be able to say only if you are either doing something legal, or you are doing both legal but also paying your taxes without a worry. There are two types of people who use privacy coin, they either do something illegal, like sell drugs on darknet etc etc type of stuff, or if they do not do that then even if they use it for legal stuff, they just want to keep their amount hidden from the government in order to avoid taxes.

If you do none of those things then you would not feel like that would be something that you should care about. Obviously it is not end of the world if you still use it without any of that, but people like me and you do not need them.

bittick

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Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

shawon01

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What I can see here is that the selling point is very watery and it is very attractive to many traders but it is very secretive but it has been marketed for a long time and there are many types.
From the population seeking help and not getting enough attention and not getting many benefits here also makes it difficult for common people to use privacy currency and how the last half here they have so many benefits here.

Pejoh Asu

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Quote from: Master of Shitcoins on February 05, 2022, 06:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yes, the trend is always changing, when the initial emergence of Monero, ZCash, NEO or others made the demand continue to decline, and the current trend of course is NFT, Metaverse or others. and for me the most important point is to buy with the hope of big profits and most of the coin privacy is not too focused on profit.

X-ray

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Quote from: LostEcho on February 05, 2022, 12:42:47 PM

Nobody cares about privacy coins since 2018 mate, investors prefer to go after what's trending presently just to make better money out of them, privacy coins are very useful so if you holding any do not give up I believe their time will come, at one time in future privacy coins will be reborn.

I do agree with your opinion about the privacy coin. The main thing is lack of utility and feature compared with the non privacy coin like defi, metaverse or play to earn token. Privacy coin against the regulation. I do believe people will be following the regulation instead of using privacy coin. So many accusations to the privacy coins being used for the various criminal activities. This makes it look so bad.

Quote from: Master of Shitcoins on February 05, 2022, 06:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

People are moving to the new trend to make more money. keep waiting and seeing privacy coin gone down from time to the time will make them all feel desperate with it.

Quote from: Master of Shitcoins on February 05, 2022, 06:22:23 PM

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yeah and that's why people are massively leaving it.

Master of Shitcoins

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Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

yhiaali3

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Everything has its own time, this is the time of Shitcoin and not the time of privacy coins, privacy coins like Monero and Zcash had a golden period in the past but they are no longer interesting to anyone now, people in this time are not looking for privacy but looking for quick profit so Shitcoin is the preferred choice now, this is the time for Shitcoin, Metaverse, NFT and DeFi projects so look for your opportunity among these categories. But personally, I expect the hype caused by these Shitcoin to end soon and people will return to invest in the old coins that have maintained a good rank in the market.

7788bitcoin

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Quote from: RapTarX on January 28, 2022, 12:29:17 PM

Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

During this bull run majority of the shit coins had an unexpected huge rally and majority of the solid projects are not moving like we thought it would and that is the case with privacy coins, majority of the investors do not see them as an investment because they might fear that the government might come up with regulation and hence those privacy coins are not rallying.

LostEcho

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Nobody cares about privacy coins since 2018 mate, investors prefer to go after what's trending presently just to make better money out of them, privacy coins are very useful so if you holding any do not give up I believe their time will come, at one time in future privacy coins will be reborn.

Lubang Bawah

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Investors do not have time to research in detail and fanatically with a particular coin. I think the most important thing for investors is big profits and clear long term expectations, privacy coins are difficult to get investor support because it is not a new concept, previously there were a lot of privacy coins and because they couldn't adapt to the current conditions they were like dead.

LUCKMCFLY

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Quote from: Ozero on January 31, 2022, 11:28:29 PM

Quote from: mindrust on January 30, 2022, 01:54:28 PM

Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The governments don't like them, the exchanges don't like them, the casinos don't like them... These are slowing down the adoption of the privacy coins and you know when they don't make the sharp moves like the other alts, the investors don't like them neither. So, in a sense it looks like a death spiral for them.

When legit investors and businesses don't show enough love for those projects, the only supporters they got are drug sellers & hackers and that's not the best thing happening to them.

Privacy coins are increasingly coming under the scrutiny of governments and their regulators as they are the most commonly used for illicit transactions. Already, some of them are prohibited for circulation and, apparently, this scares off investors. In the future, regulation by states will only increase. Privacy coins will always be in demand, but more and more governments will drive them into the shadows. Because of this, they partially lose their attractiveness.

Well, mainly I think that these regulations have been taken with more force today, but in the case of Monero no, if you look at only those who enter the deep web, what is handled is only monero and bitcoin, and there are decentralized exchanges that do that the money cannot be tracked, they already make the exchange difficult to track, and by entering the deep web and using monero I think they make it much more difficult, despite the FBI, NSA, and many other agencies, they can track through BTC, but through monero I haven't seen anyone get caught.

makishart

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Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.

Even newbies prefer to invest in the new shit token rather than privacy token. It's caused by shit tokens can be very volatile and it's not the same like the privacy token which is dying slowly. Privacy token is coming to its end. Any protocol can implement their own privacy protocol without needed to buy a specific token that focused to be centralized.

Quote from: RapTarX on January 28, 2022, 12:29:17 PM

What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The wrong thing with privacy token is, only focusing to develop the privacy protocol while we need more than it. We need finance app and many more. Privacy protocol can't do that. that makes use moving to the another tokens like defi, metaverse and many more. These tokens looks very attractive.

Ozero

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Quote from: mindrust on January 30, 2022, 01:54:28 PM

Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The governments don't like them, the exchanges don't like them, the casinos don't like them... These are slowing down the adoption of the privacy coins and you know when they don't make the sharp moves like the other alts, the investors don't like them neither. So, in a sense it looks like a death spiral for them.

When legit investors and businesses don't show enough love for those projects, the only supporters they got are drug sellers & hackers and that's not the best thing happening to them.

Privacy coins are increasingly coming under the scrutiny of governments and their regulators as they are the most commonly used for illicit transactions. Already, some of them are prohibited for circulation and, apparently, this scares off investors. In the future, regulation by states will only increase. Privacy coins will always be in demand, but more and more governments will drive them into the shadows. Because of this, they partially lose their attractiveness.

jrrsparkles

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Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

As of now cryptocurrencies are used for trading not for the utility so people don't look at the technology and anonymity they just want the most trending because which has chances to give returns in the short term. Another reason possibly could be the government regulations which forced some reputed exchanges to delist some popular privacy coins like Monero so people are afraid of trading the privacy coins but in future when people give more importance to the privacy not the volatility it will have its place.

mumang siat

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Quote from: jostorres on January 31, 2022, 10:14:06 AM

Quote from: mumang siat on January 31, 2022, 03:28:25 AM

Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Does not have a mature concept? Will that means that this coin is new? But, why not gave more time for this coin to improve and maybe someday it will show its worth but no mate this is not a shitcoin I think you miss understand what the OP wrote but the OP only compares this coin to a shitcoin because shitcoins are more popular than it despite the fact that a coin is being advertised in google ads.

Speaking of google ads I heard that it has some restrictions, I think that affects the exposure of this coin while shitcoins are not promoted in google, obviously because google wont allow such scams but there is more than promotions that affect the coins performance .

If we hope and have to give it such a long time, why are we waiting for shitcoins, isn't there in the market there are still many coins that can strengthen in the short term, I'm not saying shitcoins are similar to others, I mean this coin has no increase in the short term for we take advantage, even though the opportunity to invest is quite a lot and even a lot of coins can be exploited, then why wait for shitcoins for so long?

jostorres

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Quote from: mumang siat on January 31, 2022, 03:28:25 AM

Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Does not have a mature concept? Will that means that this coin is new? But, why not gave more time for this coin to improve and maybe someday it will show its worth but no mate this is not a shitcoin I think you miss understand what the OP wrote but the OP only compares this coin to a shitcoin because shitcoins are more popular than it despite the fact that a coin is being advertised in google ads.

Speaking of google ads I heard that it has some restrictions, I think that affects the exposure of this coin while shitcoins are not promoted in google, obviously because google wont allow such scams but there is more than promotions that affect the coins performance .

mumang siat

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Quote from: RapTarX on January 28, 2022, 12:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Topic: What's wrong with Privacy Coin? (Read 246 times)