Bitcoin Forum

How do you think what kind of use case is appropriate for anonymous coin other than money laundering?
I think that it is suitable for purchase of adult content, but I can not get an idea anything else.
How do you think about this ???

Some people care about their privacy too much.
Some people are paranoid.
Some people do not want to pay taxes.
Some people do illegal activities.
And many more  8).

not an anonymous coin is used to improve the way the crypto community uses privacy and rediscover the way there is no coin maker. I saw from this link https://bitcointalk.org/index.php?topic=4490206.0

due to too much thinking about privacy, a lot of negative things can be done, maybe it could be to develop a drug network, gambling etc, but also not a few people who use it for a variety of positive activities, such as charity projects etc.

If you want to understand some people's insistence on anonymity then I suggest research the 4th Amendment to the United States constitution.  Not simply what that Amendment states, but the rationale behind it.  Read the writings of, most specifically, John Otis. You may find their thoughts on rights and protections are even more important now than they were 200+ years ago, given the possibilities for abuse at the hand of relatively advanced technology.

I can explain it in a simple sentence. It's all about to make others will unable to trace your transaction history and that's the only useful thing in the privacy coin. Whatever it has used by someone for anything else. I don't even care so much about that. blockchain is fully transparent and it's the opposite thing of it.

Its not only about those use that you are thinking, everyone who wants to remain anonymous when purchasing online that's all.

That's not about illegal use but its just someone that wants to remain private.

Anonymous coins are not my preferable because I trust only to checked ones that are clear for all sides and characteristics. But Monero is very promising for me.

Most of it were used as a money laundering and selling drugs, but it does not mean it has no real use case at all. as far as i remember the reason why peoples are looking for something anonymous was due to 'security' and 'safety'.
there are a lot of 'bad guys' in this world, such as hacker,gang and something like that. and if you send a lot of money from your wallet to another wallet, they will chase after you and you might be in danger because of it. that was why many peoples were looking for something anonymous to keep their life save from those 'bad guys' and protecting their things.

fishs do not really care about this stuff but whales do.

Criminals, gunmen and drug dealers are the ones who use them most. Ensuring confidentiality of source information is their biggest priority.

i have never used them as i am not sure that they are safe enough to be used and i do jot want to risk my money because of them

you need to be sure what you are investing in and realise that using coins you are not sure at may be bad for your business

Agree.
Anonymity doesn't mean that user plans to engage in criminal activity. Anonymity is important for those who want to protect their identity under any circumstances.

Currently, anonymous coins are certainly the most used for illegal activities.
Nevertheless, there are certainly other reasons why we need something like that.
I think they are useful in areas where people are oppressed, etc.
But someone who has nothing to hide, does not need coins that are completely annonymous.

Why do anonymous coins appear? Because it is a privacy coin. So it is usually used in people who can not use normal channels to buy things. For example, guns. Drugs cannot be traced.

Anonymity is the mos important characteristic in crypto because of meaning of this sphere. I prefer anonymous coins because they have more opportunities. Monero is the best coin in this criteria.

Anonymous coins are often used to buy illegal goods, to visit and donate in the darknet.

I think anonymous coins mostly used for illegal activities. whenever blockchain technology is the transparent transaction.

Soon anonymous coins will be removed from all leading exchangers, because the regulatory rules that will be introduced by governments will not allow anonymity. But friends, do not forget that we have P2P exchanges and decentralized exchanges. But on decentralized exchanges there will never be an opportunity to sell coins / tokens for fiat money.

I don't really see anonymous in buy the privacy coin as far as you submit your kyc on the exchange and the coin was bought with your name the it can be trace to you and if send to any other person you will definitely know who you send to and why I see no secret really in it.

Many people insist on total privacy. They want to be completely annonymous while purchasing. Not all of them want to hide their identity because of their illegal activities, but sadly there are a lot of criminal activities going on.

Privacy has nothing to do with doing something illegal. Anyone who wants to remain anonymus while purchasing something online or doing some other activity.

The need of anonymity is not just for the illegal contents and the shameful one. It is also a business strategy to exchange without any hesitation with whoever one wants. And there might be many threats from the criminals while transacting money, but in this way, the anonymity gives safety.

Privacy! Do you like it when people are tracking every transaction you do irl? Even I do nothing illegal, I don't want people knowing every move I make.

in fact, any attention from my side causes negative emotions. Just and should do his job and not touch the work of another person. Based on this, I fully agree with you that even without fraudulent actions, without any reason for that, I am totally opposed to tracking my transactions.

I think it can be used to make payment on any sensitive things that no one may not know, just for example paying any bill or sending any private fund, if it was anonymous then it would be safer cause no one knows about that transaction.

Adult content is certainly one sector. Another one can be if you want to buy something like weed and rest anonymous.

Some people value their privacy so much without having any intention of using it commit to crime but that has it be, privacy coins are predominantly used by criminally minded people to commit all sort of atrocities and this what defeat the aim of privacy coins.

It depends on you. Without the above reasons, there are some people who don't want to share with others what he is doing with his money. I don't want to reveal any information about my money and that's why I may use anonymous coins. Apart from those, when you are ordering something from online and don't want to leave a tail, you should use anonymous coins.

Count me on mate, for sure not an anonymous coin is the solution but rather to think deeply an idea and be creative or innovative on what to do to have an improvement. The better development is the main part that we are talking for so that we can be able to see what is going on with other coins but for sure they are still can be use.

With all the i formation being collected by all the different governments, advertisers, lawyers, ...etc. There are lots of reasons anonymous coins are needed. You get divorsed and your ex is trying to take everything, you have a health condition and your getting experimental treatment your insurance doesnt need to know about,  if you need to see a doctor or have a test done, anything u need to pay for that is none of anyones elses fuckin business. Anything you buy now that ypu prefer to pay for in cash.

I think anonymity not just be used for some bad things, people also need to have their privacy when they need to sent or receive money.
That is where anonymity from blockchain technology came to help the people.

It is being used and an advantage for those people who are engaged with criminal activity but yeah that's not it.

We value privacy and this is why many are staying to let themselves hidden on the web because of many fraudsters that are using others identity to get involve with such acts.

It is said that some terrorist organizations and dictatorships like anonymous coins. I heard that ISIS and North Korea like Monero. They are using Monero to buy weapons and equipment, and to sell drugs and artifacts.

everything is much simpler, they just make it possible not to track the amount of your money and thus do not pay taxes

There are two types of reasons to use them. One is privacy from really hard dictator like countries where you really need to get your money out and if they are really interest in blockchain and bitcoin and all kinds of stuff and really hard on your economics and when you try to leave the country check everything on your background than they could potentially find bitcoin and similar stuff thanks to bank account transactions from such companies. Even with your IP that could be traced. However if your have a wallet with Tor already built-in with it (like spectrecoin) than there is no way they could ever follow your transactions and you can do whatever you want it.

Second one is more conspiracy theory type people, they could do whatever they want with their money and save it aside with a privacy coin and they can rest assured the government is not "out to get them" because their money is protected and hidden.

Simply to make transactions privately and not getting traced back but the use can be for anything. So it is better not to think about it and embrace the feature frankly speaking.

Anonymous coins like Monero are used to strengthen the privacy, nothing else. People don't like to expose what they are doing or where they are spending their coins. The idea is just to make private transaction.

The idea is very simple. If you want your privacy you use these anonymous coins. What you do with those coins completely depends on you.

People might want privacy while buying something and might not want anyone to know. It doesn't necessarily have to be for money laundering purposes. For example a person wants to by a condom and he might not want goverment spies to monitor his transaction.

Yeah, well... Most cash is anonymous. Why should someone know what I spend my money on?

It might not be so important for the individual, but companies like to keep some transactions secret. There are a ton of reasons why you wouldn't want everyone knowing where and how you spend your money.

nice thought! i guess it can be used when buying some medical drugs, when making charity transactions, for supporting some project that has controversial idea, politics/religious reasons

There are a lot of options for using anonymous coins, but I think that the majority will use anonymous coins only because they are tired of the total control of the governments of the countries for all people.

for doing some secret activities maybe? ;) witchcraft, for instance ;D or money that are dedicated for affecting voting results, especially if it's from another country. you can watch the news to get the examples ;D

I am really worried about FBI and other companies watchin us, but I cannot completely trust new anonimous cryptocurrencies. Most of them are very fake.

In some countries it is more stable to keep money in crypto and anonimous crypto is the best way to become sure that nobody will know about your money.

Maybe your payment is anonimous for the bank, but it still could be traced by your internet provider and some other companies. It may be much harder to reach real anonimity.

Buying some adult stuff like videos or toys. I heard that MasterCard sells data about my last purchases and I want my private life to remain private.

Use case of coins with not traceable ledger are basically for everything except for organizations that needs wide transparency. I believe red cross will use Bitcoin. Governments will also use Bitcoin. All the rest will use Monero.
Fungibility is important trait of money.  Also every person and every company will want to hide from everyone else what they did with their money in past.  

I do not support anonymous coins, there are many problems that can happen if anonymous coins will be globally accepted, it could be the beginning of the global anarchy.

I think anonymous coins were created to satisfy the need of those who want to remain completely anonymous. Who might need it? For example, people who do not want to pay taxes or buy something illegal, which the authorities should not know . I would say that cash money always performed the same function, therefore, they can be used wherever you would prefer to use cash.

Initally, bitcoin was used for anonymous transactions ago. I think the main thing why people use this type of coins is for illegal actions. To buy something in the darknet or smth like that.

If you think you dont need private payments then please send me a list of all bank transactions you made last year.  Thank you in advance.   But remember. Now you send me this list. With using transparent ledger cryptocurency you automatically give this chance to everyone.

You have little idea cryptocurrency features. I don’t do anything illegal, but it’s much cheaper for me to give Bitcoin to a friend than to transfer money to him. The size of the commissions and the speed is much better.

You are right, the good thing to do is to keep the team strong and make the right way to let the project see the stability of it. Their are lot of anonymous coin it is because it leads to scamming but it is up to us if we are going to keep with it. Gather informatins and make this as a guide one.

actually the two things are almost the same, some people will call it privacy because they don't want to know, of course this will be very problematic if we know who is pumping & dumping btc. Whereas they consider anonymous because there are other things that can be used besides using btc only for trading. Even ordinary users can risk being involved in actual money laundering if we know that BTTC is not anonymous

some kinds of taxes fraudulent or criminal money.
also I think that many people with paranoia use them. because they are really popular

What if I want to have a private peer to peer transaction for goods or services... then privacy coins are great. It's kinda messed up that governments might steal 10% of each transaction in taxes... that makes crypto fees seem like a bargain.

As we know, banks and governments dislike cryptocurrency because they fear the positions of fiat currency will be replaced, so even though cryptocurrency has a positive side they will always look to negative side, and use these shortcomings as a tool to bring cryptocurrency fall.

technology is created to make it easier for us to do things, if indeed this is a bad impact of technology, you have no right to judge people who use the technology
for example, nuclear ... with nuclear we can make a nuclear power plant with benefits that can be felt by many people, but with nuclear we can also make a big bomb that can kill millions of people in just a matter of hours
bitcoin is one of these technologies

I do not know clearly about this because I have never transacted using any cryptocurrency, but rather focus as investors and traders. In another sense, I only use crypto as an investment instrument no using it as a transaction tool, because in my country this is prohibited.

I do value privacy. While I have made good acquaintances in the crypto space, I don't think they need to know how much I have in my wallet.
Also, if you are a known and wealthy crypto celebrity, if they get to profile your holdings/wallet, you will be a target of scams or hacking.

To simplify my analogy on privacy. While the public address is visible (like the external of your house).
Viewers from the outside/neighbors, etc, do not need to know what is in the content or what is inside of my house.
I'm sure everyone values their privacy to some extent.