Topic: What's your thoughts on Privacy coins? - page 4. (Read 364 times)
Not needed at all, just an idea that people are trying to make money out of. One thing that holds back crypto is the perceived idea that illegal activities are done with it, privacy coins allow that idea to spread.
this will be dangerous for traders, because they will trade non-transparent coins so that the circumstances can be regulated by someone who has a personal interest
I like them but they could prove risky in the future, just look at japan asking regulated exchanges to remove certain anonymous trading pairs.
always believed that anonymity for many fact. there are different situations, you may need to give a choice to send anonymously or openly. and an anonymous transaction does not always mean something illegal, maybe a person buys porn, or some kind of product, the purchase of which you want to hide. or there is a proposal - to make an anonymous transaction is very expensive, then it will be used in an emergency. but as Vitalik buterin said, it is impossible to drive all wolves out of the system
Privacy coins are good but it is not inline which blockchain founder aim of creation crypto currency, cryptos was created to be transparent and remove trust issues, now with privacy i think the dis-benefit is pass benefit, it will encourage a whole lot of times, like money laundry, illegal purchase of some items, thief, hacking because no one could trace the perpetrators of these did and governments will not never going to support such coins in the future.
I think they are needed, as we are moving towards a more decentralised system that has open ledgers some people will not want everyone to know what they have and that's fair enough.
Issue is they need to find application, right now they are not really been used well at all.
Issue is they need to find application, right now they are not really been used well at all.
I don't think private tokens are a good option.
This is the main point because the current policy of private tokens is not friendly.
This is the main point because the current policy of private tokens is not friendly.
I think they are needed they just need to find their niche instead of just porn.
Also I really like the platform, keep up the good work!
Also I really like the platform, keep up the good work!
I like Privacy coins. Although there are many negative reviews, but I like its anonymity.
Already crypto currency is private and anonymous and creating it more private is good but most of governments will don't like this idea because it will make unable to find who is sending and receiving and will may increase in drugs and other illegal activities.
I think is positive. I do not want anyone to track my transactions. I want the exchanges to be marked.
In a wide world as the cryptocurrency is it essential that there is a huge variation of the type of coins. Privacy coins are an important part of this, because a lot of people in the cryptocurrency values privacy as one of the necessary indicators in this world.
It seems to me that private coins will be very popular and as soon as people start to understand it, they will seriously start working on buying these things. I hope it will be soon. Because now many services ignore our freedom in the internet.
I can perfectly understand the attraction of privacy coins. Many people involved in cryptocurrencies come from a Libertarian affiliation and the idea of a currency beyond the control of the state is probably what first attracted them. However, those that are working to harm cryptocurrencies are constantly playing up false concerns about their use to launder money from crime. This is what has led Japan to ban privacy coins from their exchanges and is likely to be followed by other jurisdiction. I think privacy coins have a role within the ecosystem but they are not likely to become main stream coins because many jurisdictions will prevent their exchanges from trading them.
that only problem with privacy coins is it may use for graft and corruption or may hide illegally acquired wealth. unlike other cryptocurrencies, public address is visible sources of the user can be monitored thru centralize crypto/fiat exchanges thus money laundering can be prevented.
I really like the concept of the coins. I think there is a need for them especially when we have open ledgers where you can see everyone's crypto.
I think that Privacy coins are a great idea and there is plenty of room in the ecosystem for them, my only issue is that they are used poorly. When you think about privacy and all they are really getting used for is porn, it's a little disappointing but it is still early days. There are some strong ones coming out such as Zcoin, DeepOnion etc.
Great platform as well (Crowdholding) I would advise anyone to use it to earn some tokens by giving feedback, it's better than the average bounty system!
Great platform as well (Crowdholding) I would advise anyone to use it to earn some tokens by giving feedback, it's better than the average bounty system!
As defined by coincentral.com, "Privacy coins implement the functionality to hide your identity when making transactions. They also can keep your wallet anonymous and/or hide the balances of transactions as well. "
The topic of this usually goes in two directions. One side claim negative attributes (ie. A utilization for money laundering and terrorist/criminal activity) or positive (ie. redeeming your right to have absolute control of your privacy).
When we think of potential use cases, we think of Silk Road or more recently Verge who entered the porn industry. But at the same time, you can in vision a use case that could be beneficial, which involves protecting people's financial identity. For instance, do you really want anyone to be able to track your purchases, see your salary or know your net worth?
What's your thoughts about Privacy coins? Do you see it as a positive or negative? Do you envision a future where privacy coins succeed?
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