Probably because very few care about privacy/anonymity, people are ignorant of things that actually improve privacy or maybe many care but don't see the need for them now.
I guess privacy stuff will become popular in a genocide-like, lawless or chaotic state.
Topic: Why do privacy coins do so poorly? (Read 269 times)
It is extremely difficult to achieve full privacy at the moment, especially when even the largest DEX is integrating KYC process. Furthermore, privacy coins should be eliminated from the market if we really want to achieve the mass adoption.
There simply is not enough demand for those coins.
As long as governments don't tighten their grip on bitcoin and other semi anonymous blockchains, people will keep using them.
Monero's only chance is if the government start to track and tax or question every known bitcoin holder. That's when people are going to give up and move to the anonymous blockchains. I don't see it happening in the near future but there is a possibilty.
Govs wouldn't wanna scare people to a system where they have no power over from a semi-anonymous blockchain ledger where they can see all the transactions.
I believe in bitcoin but right now it is probably a good idea to buy some monero and hodl in case some unwanted shit happens to btc.
Govs are not so dumb as not to know about privacy coins. If they are deal seriously with cryptocurrency, they will not miss anonymous coins. Who knows what their technical capabilities are? Therefore, I would not expect the renaissance of privacy coins just because governments will press crypto. As long as governments don't tighten their grip on bitcoin and other semi anonymous blockchains, people will keep using them.
Monero's only chance is if the government start to track and tax or question every known bitcoin holder. That's when people are going to give up and move to the anonymous blockchains. I don't see it happening in the near future but there is a possibilty.
Govs wouldn't wanna scare people to a system where they have no power over from a semi-anonymous blockchain ledger where they can see all the transactions.
I believe in bitcoin but right now it is probably a good idea to buy some monero and hodl in case some unwanted shit happens to btc.
They perform poorly because their future is even more uncertain than future of cryptocurrencies like BTC or LTC - regulators really don't like privacy coins, we've already seen exchanges delisting them because of regulatory pressure. I believe there's a high chance they will be outlawed in the future, because with Bitcoin people say that only 1% of its transactions are illegal, but what's the share of illegal transacitons of Monero? Definitely much higher. And what sane investor would put they money into an asset that could be outlawed.
Even the best known one, Monero, has <1% of the market cap of bitcoin, it's really shameful. Is the reason these coins do so poorly because they are badly designed (which could be everything from the issuance to the mining to the cryptographic protocol to the governance), or is it because no one cares about privacy? Or is it because privacy is difficult to achieve today because of lack of DEX?
Have you seen any store that accept Monero? I still haven't, but I know a lot of stores mainly computer and electronic shops that accept BTC so that is the answer to your question. If world politics starts changing and people suddenly feel the need to hide for god knows what reasons, then you will see rise on demand for privacy coins. But it's unlikely that regular shops that sells TV and washing machines would need to hide their customers privacy.
That kind of coins will be reserved for something else and are probably used even as we speak for kind of stuff where people don't feel comfortable to state their full name or credit card number that can be traced to them.
The issue of privacy coins and investors terrified to invest on it, because of the notion that government is banning privacy coins and the government is very focus on making crypto transparent.
There simply is not enough demand for those coins.
This is true! but we have to point out its main cause - (the lack demand) which I think that there are simply too much competition and these privacy
coins are really hurting one another which should even make it more unappealing to the investor community and all of its supporters regardless on each
coin's unique innovative features!
When you own privacy coins, you know that each time when you withdraw your funds into a real life, someone will find you. No matter you have privacy coins or pseudo anonymous coins, you can be easily tracked when you exchange it into real money or other stuffs in a real life.
Because many people do not believe that anonymous cryptocurrencies have a future.
If yes, then it wouldn´t be hard to add second layer solution to Bitcoin blockchain with privacy feature.
If yes, then it wouldn´t be hard to add second layer solution to Bitcoin blockchain with privacy feature.
It seems to me that the cryptocurrency market is still at the initial stage of its development, and some coins, as well as some projects are not yet in demand in society and do not have not only their fans, but also their practical direction. I think that in the future this situation should change.
Everyone cares about privacy but still, people cannot hide their funds due to all the KYC enabled exchanges. also, privacy coins is only for individuals, as if businesses use privacy coins most users won't invest becasue of lack of transparency. So it gets less liquidity compared to other coins that covering scalable security and fast transaction speed. This is why privacy coin still living behind.
No one care about privacies. Traders pass KYC and are no more anonymous when on exchanges. Yes, you can trade on small exchanges, but most of them are asking for KYC now. They are only used for speculation.
Even the best known one, Monero, has <1% of the market cap of bitcoin, it's really shameful. Is the reason these coins do so poorly because they are badly designed (which could be everything from the issuance to the mining to the cryptographic protocol to the governance), or is it because no one cares about privacy?
Both are reasons to people not getting into these privacy-focused coins. Another thing to consider the presence of bitcoin mixers/blenders. If bitcoin users can find another way to make their transactions more anonymous, then there's probably no need to use other coins.As long as governments don't tighten their grip on bitcoin and other semi anonymous blockchains, people will keep using them.
Same thought. Tightening government regulations will create more demand for these coins. 
There simply is not enough demand for those coins.
As long as governments don't tighten their grip on bitcoin and other semi anonymous blockchains, people will keep using them.
Monero's only chance is if the government start to track and tax or question every known bitcoin holder. That's when people are going to give up and move to the anonymous blockchains. I don't see it happening in the near future but there is a possibilty.
Govs wouldn't wanna scare people to a system where they have no power over from a semi-anonymous blockchain ledger where they can see all the transactions.
I believe in bitcoin but right now it is probably a good idea to buy some monero and hodl in case some unwanted shit happens to btc.
As long as governments don't tighten their grip on bitcoin and other semi anonymous blockchains, people will keep using them.
Monero's only chance is if the government start to track and tax or question every known bitcoin holder. That's when people are going to give up and move to the anonymous blockchains. I don't see it happening in the near future but there is a possibilty.
Govs wouldn't wanna scare people to a system where they have no power over from a semi-anonymous blockchain ledger where they can see all the transactions.
I believe in bitcoin but right now it is probably a good idea to buy some monero and hodl in case some unwanted shit happens to btc.
it is best to refer to these coins as "anonymous coins" instead of privacy coins because people care about privacy and bitcoin offers privacy and lots of it but they may not care that much about anonymity which bitcoin doesn't offer that much while these anon coins do offer high levels of it.
this may be one of the main reasons why they don't do that well in this market.
other reasons is their flawed design. for example some of them are not even true anonymous coins since they don't even enforce the anon. features. many just use TOR and call that anonymous!!!
but the bigger coins like Monero that are full anonymous may be doing poorly because of their complications for example it is harder to run a Monero node and it has severe scaling issues.
this may be one of the main reasons why they don't do that well in this market.
other reasons is their flawed design. for example some of them are not even true anonymous coins since they don't even enforce the anon. features. many just use TOR and call that anonymous!!!
but the bigger coins like Monero that are full anonymous may be doing poorly because of their complications for example it is harder to run a Monero node and it has severe scaling issues.
Because only small percentage of people uses privacy coin. Imagine if crypto becomes really popular and everyone knows this kind of privacy coin and you are trying to use it then being figured out by people close to you. What kind of weirdo mockery will be pulled on you LOL.
Most of people that uses crypto generally doesn't even think about this kind of anonymous currency.
True, there's no much real adoption.Most of people that uses crypto generally doesn't even think about this kind of anonymous currency.
However, there's also some more reason like regulations on privacy coin is impossible, as a result, no govt will allow privacy coins to be used even if bitcoin is used by all the countries.
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Because only small percentage of people uses privacy coin. Imagine if crypto becomes really popular and everyone knows this kind of privacy coin and you are trying to use it then being figured out by people close to you. What kind of weirdo mockery will be pulled on you LOL.
Most of people that uses crypto generally doesn't even think about this kind of anonymous currency.
Most of people that uses crypto generally doesn't even think about this kind of anonymous currency.
To me privacy coins are doing well and monero is an old privacy coin that i still invest in but many good privacy coins have entered crypto space and they are seeing big adoptions from privacy coins lovers,coins like apollo has better adoption rate and even the latest sero cash
Other than Monero, no else privacy coin has a real use case. I don't know if someone really using privacy coins to hide their financial activity. Privacy coins are the same as other altcoin, BTC is getting increased its domination and alt is falling.
Privacy coins are doing quite well. It does not mean that because they are only comprising a little percentage of the total market value of the whole of cryptocurrency it is not doing well. First and foremost, the crypto market is made up of thousands of coins. Secondly, more than half of the entire market value is already with Bitcoin. The other half is divided among so many altcoins. Moreover, Monero (XMR) has been at the top level ever since. However, it is not only Monero that boasts of privacy. There are a handful of others. Dash is known to be offering a great level of privacy as well. Verge is the same. Finally, privacy coins target a focused niche.
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