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According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

• The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
• The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
  

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
   

Possible if the demand surges and it's going to all lie down with that. An update for a project like this, if the interesting part is being made then you'll see if the investors are going to bite it.
I know that there are still a lot of investors for shiba and having such an update might keep on giving them hope that it will recover. And as we're approaching to the possible next bull run, nobody knows until we gotta see the pump after this news has been released.

If this is for real then their heading into some kind of positive thing considering the current situation of the centralized coins nowadays. That's right we need coins like that because of the ongoing updates that are little by little taking us our privacy again with the new updates. When remembering back then, the government are less occupied with what was going on with the crypto industry because they thought it was just some scheme that was used for scams. now that they see it's an earning opportunity for them, they put a heavy load on the people behind it and take huge actions on the projects that they cannot put their hands on. For example these privacy coins we have right now.

It's an app developed by another team that allows you to send privately or anonymously right? It's not on the Shiba Inu's protocol level so you can't really compare it to the likes of Monero or Zcash. This is probably closer to sending ETH via Tornado Cash back when the app was still not hunted and sanctioned by regulators.

Monero has a privacy implementation enabled by default. It is truly on another level compared with Shiba. Shiba is a token, and the privacy benefit is only achieved if the user uses the third-party platforms mentioned here, though, the guarantee of it, is still shady since it hasn't been tested yet. Also, the way how the token built and the fact it relies on another blockchain tells it can't achieve privacy features as Monero does.


Yes, it is. It also seems that it is a brand-new platform and I didn't find any source code for the applications. I would take extra caution and be wary when dealing with the platform.

Interesting update of this memecoin.
I did search for the info that OP is saying. Maybe this one will be it https://www.crypto-news-flash.com/new-feature-turns-shiba-inu-into-privacy-coin-like-monero-or-zcash-can-it-drive-shib-to-0-01/

We didn't expect Doge to also reach where it is right now but it made it. If Shib happens so fast in less than 5 years to hit at least $0.01,  I'll be double-dog damned!

The rate will go up, if only this coin will suddenly become wildly popular among private coin lovers. But why do they need SHIB when they have Monero? People who value privacy will choose Monero. SHIB is a memcoin that has grown through social media shilling. Most people don't care about its utilitarian features, they only care about the difference between the purchase price and the sale price.

Don’t know much about how the technology works but if there’s a way to turn a meme token into a privacy coin and there’s a demand, then it might worth to try. This can be a good update and probably a new trend, if SHIB will successfully implement this update, you can expect more up trend to their value. The issue with SHIB is their utility, and now they are planning to create utilities which can be a big one, will try to analyze this and start to buy some SHIB before its too late, bull hype started to come.

Interesting, it might be a good idea to start allocating a small % of your portfolio into SHIB then? It did so well a couple of years back, I do think it has potential to have a second epic run though, similar to Dogecoin in 2020/21. This is definitely something to keep an eye on, hopefully it will create another hype faze. Investors can be excited about the potential of this..

Agreed.  It's just a 3rd party app it doesn't mean "sbib will be anonymous like monero" lol.  I'm weary about these 3rd parties even deploying a way to make these anonymous in the long run.  It's just a token just like the rest of the tokens. 

so before people are proud holding shib, better know what's the real score here. so it is not a real deal of being anonymous token. just another 3rd party app that will assist users to make sure they are doing anonymous txs. so yeah, better be cautious using this new platform, they have no reputation yet to be trusted with big amount of funds. just try it with small funds first. but in any case, this is misleading as it is not really like the privacy protocol of monero.

The addition of privacy-focused features to Shiba Inu through the support of Bermuda and the upcoming launch of the Shibarium protocol could lead to increased demand and adoption of the coin, which could potentially result in an increase in its value. It will be an interesting move apart from it will be raise the value of the coin or not, better then just being a memecoin.
the success of a privacy coin is largely dependent on its ability to provide robust and secure privacy features, as well as its ability to attract a significant user base.

It is definitely possible!

I am happy that now Shiba Inu will now have at least one utility - anonymity! Earlier this coin was absolute rubbish without any utility at all. But I am glad to see that it is becoming privacy focused and preparing to becoming a competitor of Zcash or XMR. Good call by the dev team.

Now the value of Shiba Inu should start an upward trend due to the great utility planned to be launched.

Would you really call that any more utility then sending tokens normal way? Only difference is that this rubbish is now using third party service for private transactions.
It's not in a any way in competition of any of the privacy coins out there, especially with Zcash or XMR who have insanely talented dev team.

Never heard about it. But if the rumors are true, then you can bet SHIBA's price will increase for a short period of time. I honestly don't think how developers are going to add privacy features to Shiba Inu itself, especially when it's a token (smart contract) built on the Ethereum blockchain. The only thing I can think of is forking a mixer contract like Tornado.Cash for users to "anonymize" their SHIBA tokens. Adding ZK-Proofs capability into the SHIBA smart contract itself will be a tough one, especially when gas fees on the ETH blockchain are extremely high.

It wouldn't be a good idea to make SHIBA a privacy-focused coin, as that would lead most exchanges to de-list it. After all, privacy goes against KYC/AML rules for which centralized exchanges are required to comply. Because SHIBA would lose a lot by becoming a privacy coin, it would be best for third-party apps to do the job. The Bermuda dApp does a similar function to Bitcoin's "Samourai" wallet, without actually requiring a change in the cryptocurrency's code. It's much easier and doesn't inflict blame directly into the cryptocurrency itself. Governments are taking a stricter approach towards crypto/Blockchain tech, so we'll see how this plays out in the long run. Just my thoughts ;D

I fully agree! XMR is the leading privacy coin. The main and, perhaps, indisputable advantage is absolute anonymity and confidentiality. Transactions are unrelated and therefore impossible to track. Also untraceable are carefully hidden addresses.

I think you're right. Being myself a fan of Monero and Crypton, which are from the very beginning structured as privacy coins, I feel unconscious about such attempt to make coin private.

It has its advantages for the users but will the exchanges happy about these changes? We know that exchanges don't like privacy coins because all exchanges have a big partner which is called he government and the government wants to know who you are. If shiba becomes a privacy coin then the government will tell their partners to stop doing business with shiba and shiba will get affected in a very bad way.

On the contrary, I think otherwise, if it become a privacy coin then investors are going to stay away with it. Haven't you notice any privacy coin such as Monero having a good run during the last bull run? The reason is that regulars are hot on their tail, and some of the biggest exchanges have delisted Monero because of the pressures from regulators.

For me it's a bad move for Shiba to dig their hands on the privacy coin niche. It could be their downfall, just saying. And so for Shiba investors, they have to think twice about Shiba or any privacy coins for that matter.

That is very interesting and maybe very potential if it happens like Zcash and Monero where the developer might notice that privacy in transactions is very important which might interest Ryoshi to make the shiba inu coin have a privacy coin feature.

Regarding the shib price that you showed, I think it's excessive even though to this day the development of shiba is quite good, but the thing that makes me doubt the price is that shiba is not the main coin in the ecosystem, which in shibarium and metaverse uses Leash and Bone tokens and there is very little utility for shiba inu tokens in the ecosystem. I think it will take tens of years to step on the price you mentioned, if you continue to develop it.

Ultimately, I don't think Shiba  Inu would turn out into a full fledged privacy token. Its got a lot riding on it commercially but even at that it would still do pumps

Well that actually depends of lots of things. Reason why regulators want to ban Monero and some privacy coins is because they are fully private and they are mainly designed for escaping regulations.
But ZK privacy can be used in other ways as well, like for selective privacy so not all the privacy coins out there are going to be targeted by regulators. In fact they could be embraced by them as there are lots of need for confidentiality in this space instead of public transparency of every wallet and every transaction.

And then there's the fact that privacy in Shiba inu is optional. It's default setting for sure but still technically optional. I am guessing they are relying that would be enough. I am not sure if it is tho.

I have no clue what are you trying to say here.

I think only Monero should be trusted when it comes to privacy. All transactions are private by default, which means you have no way of accidentally sending an open and transparent transaction to an outside observer.

That's a wrong way to consider only one coin to be best of the best. There's a wide choice and each has its own advantages, but I'll never supporting only 1 crypto from the whole market :)

Contradicting statement don't you think? Maybe what you mean is when it comes to privacy and anonymity. I would agree with you if that's the case.

I think other privacy-focused coins have been "commercialized" to a certain extent as well but will probably remain better than the level of privacy Shiba Inu and Bermuda offers. 

I would still call it an utility! Shiba inu is a shitcoin and we all know that it was built as a memecoin. But it has received unparalleled love from the crypto community and the speculators.

Now when this meme coin is thinking to move to a privacy regime, it is actually bringing in an utility to the community. Now there will be atleast a reason to buy and use Shiba Inu. So I will stand for what I have said.

You can bet the first thing exchanges are going to do is to delist Shiba Inu from their platforms. After all, privacy goes against mandatory KYC/AML laws. If they did it with Monero, they will do it with Shiba Inu or any other privacy coin for that matter. Unless developers make privacy an optional feature within Shiba Inu, I don't see the coin going anywhere soon. I think it's best for Shiba Inu to remain as is. Why would it want to become a privacy coin if Dogecoin doesn't have any privacy features? The SHIBA project should follow the original DOGE project's footsteps by staying a transparent coin anyone can audit with a Blockchain explorer.

I fail to see how privacy can be added to the SHIBA smart contract itself, when ETH gas fees are extremely high. Adding such a feature would raise fees even more. Perhaps, it would be a separate solution (a mixer?) that would enable SHIBA users to obfuscate their utmost sensitive transactions? Regulators are keeping a close eye to anything privacy-related in the crypto/Blockchain space, so expect SHIBA to be frowned upon after becoming a privacy coin. Shiba Inu is all about hype, anyways. Who knows what developers will come up with to keep investors on their little project? Just my thoughts ;D

I think it's high likely Shiba Inu will turn into privacy coin because the other privacy coins didn't even 100% anonymous except Monero, so I believe Shiba Inu will not be 100% anonymous too. The reason why Shiba Inu want to become privacy coin because there's many articles talking about privacy, so it might derive the developer to adopt privacy protection for Shiba Inu. In the end, Monero is still the only one the most anonymous and privacy oriented coin.

Yes, the choice is large, but it is important to understand the uniqueness of the coin and its market value. In the future, some coin may and may end Monero's dominance, but certainly not soon.

Regarding Monero, it has been a dominant privacy coin for a while now, and it is hard to say when or if another coin will dethrone it. However, the cryptocurrency market is known for its volatility and unpredictability, so it is always possible for new coins to gain traction and popularity.

The government is not attacking them yet, but for sure if the government sees it as a thread, Monero will face its biggest challenge and no one knows when this will happen.

If SHIB will become a privacy coin, then we must consider a lot of things before you invest again, first maybe this is just a hype and second, we have to wait for the plan of developer on how they will do this, and what are their future plans. It will be hard to replace Monero on top but I'm sure other projects will come into this market and compete with the top options.

It could be that they are just renewing the hype of SHIB, it's rank on CMC hasn't gone down though. I think there is no need for shiting to privacy to be able to outrank other tokens on top but SHIb may just have to develop further the Shibarium.

If the team however continues that privacy roadmap, they may gain users using the token in the darkweb. It just needs to have a substantial value for some users to consider accepting.

People who love privacy will always chose a trusted and total privacy over a once non privacy coin turning into one. Even if Shiba will turn to be fully privacy implemented, privacy conscious people like o_e_l_e_o would always chose what is trusted like monero over what is recently implemented but not trusted.
o_e_l_e_o, whenever I mention privacy in this forum in real life, you are the first person that comes to my mind. And funny enough I can't pronounce the name ;D

When we are talking privacy-centric cryptocurrencies, prices or market cap is the last thing you want to discuss or bother with. The idea of Monero has private and confidential transactions is at its root the core value of the coin. It can be proved by the core design, unlike the token you are talking about right here. The utilities are the main point, if users are getting the benefit, it will get traction by itself.

Take the example of Tornado Cash, although it is defunct now, it is able to gain popularity and traction because it is utilized.

Market cap is nothing if the coin in question doesn't provide any real use cases to the world. It's just a means to measure a coin's value relative to its circulating supply. I don't think making Shiba Inu a privacy coin would be any help, especially when governments are taking a tough stance against crypto/Blockchain tech (mainly the USA). If developers add privacy features to SHIBA, it would be optional instead of enforcing it across its users. Something like DASH is doing right now.

Maybe SHIBA holders will be able to enjoy privacy by sending their tokens to a mixer? You can bet market prices will rise if new features are added to the "meme" coin. At least, the ride will last for a short period of time. Don't expect SHIBA to get that far because of the many coins in circulation. Who knows if it never gets to $0.01? Just my opinion :)

Well, so far, not a single coin is gaining momentum. Monero is still in the lead. Monero is driven by two important concepts: hidden addresses and ring signatures. Therefore, it is not so easy for new privacy coins to catch on.

However, I would argue that the cryptocurrency market is constantly evolving, and new privacy coins with innovative solutions may emerge in the future. While it may be challenging for new privacy coins to gain traction, it's not impossible.

It's important to remember that different privacy coins may have unique features and use cases that may appeal to different types of users. As the demand for privacy and anonymity in cryptocurrency transactions grows, we may see an increased adoption of new privacy coins that offer improved features and security.

There isn't much innovation in the privacy-oriented sector, probably because of governments' reluctance against coins with added anonymity. Monero may be the leading privacy coin, but it isn't listed on many exchanges unlike cryptocurrencies with transparent blockchain ledgers such as Bitcoin and Ethereum. I just hope SHIBA doesn't go the privacy route, else CEXs will begin de-listing it for good. For what I know, this is just a rumor among holders of the token.

What will developers do in the long run is an excellent question. Everything must be done in the best interests of the project. Making privacy an optional feature would be a great way to satisfy the regulators. Whatever new feature gets added to Shiba, prices will skyrocket for a short period of time. Maybe it's time to buy some SHIBA before that happens? Just my thoughts ;D

I would love for Shiba Inu community try as much s possible to remain meme coins, memes are what drove the price to Billion Dollar value trying to be the jack of all trades or chasing every next shining thing in the space will not help the project long term, because

1. There will always be a better Layer 2, privacy coin or whatsoever they try to turn into
2. The community will always be late into the next narratives
3. People will expect the team to keep innovating and this will open flaws in the smart contract for hackers to exploit because of so many alterations

If this is true, Shiba Inu will become Non US token jurisdiction, they wouldn't allow people to used that coin because coins like Monero, Dash and other privacy coin are not allow to be used in US, they fear what bad actors will do with the coin that is why they discourage such privacy coin. They could also see less interest in those projects when US put eyes on them for purposely upgrading ordinary project to a privacy coin, they will start seeing that it is done on purpose for bad people to used it encouraging theft and illegal activities that will harm US.

Isn't crypto/Blockchain tech all about being "permissionless"? Restricting people in certain countries from using a coin, would greatly undermine Blockchain's potential. It's like going back to traditional banking. Countries may ban crypto, but that doesn't mean developers have to "play by their rules". The community can keep a cryptocurrency decentralized and censorship-resistant to help withstand government's "attacks" against it. By staying that way, people can access the Blockchain regardless of a ban imposed by a government.

I know privacy coins are often a target of governments, because of the benefits they provide to their holders. But if they remain decentralized, nothing should be able to stand in their way. If SHIBA decides to become a privacy coin, CEXs will begin de-listing it in-mass. So developers' best bet would be to leave everything as is for the good of the project. Who knows how far will the "meme" coin go? Just my thoughts ;D

I hope that someday there will be one cryptocurrency that can satisfy all the needs of users. Now many projects are being created and maybe over time, most of the shortcomings of cryptocurrencies will be eliminated, and there will be one,
which will suit everyone.

Maybe you're right and it's the right time for investments. Or maybe it's a kind of rumor in order to create an artificial interest and bigger investments to pump it with the help of simple traders. Anyway, for some reason people now don't like privacy coins more an more.

That "one" cryptocurrency would be none other than Bitcoin itself. It can do everything altcoins can do via the use of sidechains, L2 networks, and other scaling techniques. Why invest in a risky coin like SHIBA, when it can go all the way down the drain in an instant? "Meme" coins are often manipulated by whales for their own benefit, leaving the average person "rekt" in the process.

The privacy feature could be some sort of "buzz" to "pump" the coin to new heights. But I doubt developers will go this route, especially when they know governments are hunting privacy coins like crazy. If you know how to play your cards right, then SHIBA is the right investment for you. Otherwise, I'd suggest you look elsewhere. Who knows if this coin eventually dies in the long run? Just my thoughts ;D

Many traders lost their accounts due to liquidation as a result of abandoned projects like Shiba Inu and Dogecoin, which the project's moderators are blamed for dumping for their own interests. With the introduction of innovative projects, the crypto space is moving into a new phase. Shiba Inu lacks the necessary resources to maintain a long-term purpose in the market because whales use these memecoins and manipulate their profits for themselves, unlike Bitcoin, which has been around for almost ten years and is still around because most investors relied on it for their enormous profits in the market. Traders profit from the project because it is a reliable one in both bear and bull seasons.

If it becomes privacy coin then sure it’s popularity will increase dramatically however it’d no guarantee that price would go hike on that basis. If so monero would have been enormously high right now considering it’s Privacy properties. However, it got attacked by authorities many times for unfair transaction which were so claimed by authorities themselves.

SHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.

I doubt that Shiba Inu will ever be able to turn into a privacy coin like Monero or ZCash. Especially because Monero and Zcash are already better as they are and Shiba Inu is not really a coin but rather a ERC20 token. Which means it does not have its own blockchain, unlike Monero, for example. And as its on the Ethereum blockchain, it will never be an effective privacy token. Furthermore, I would stay away from any coin/token which is being held by Vitalik Buterin. He already sold part of his SHIB, showing everyone that he does not care about Shiba Inu, and recently he started selling tokens he does not consider "culturally or morally viable".

I am certain that its better to stay away.

It's technically hard (if not impossible) to add features to a token living on an existing Blockchain network (in this case, the Ethereum blockchain). It would increase gas costs and completely slow down the network. That's because ETH doesn't have the capacity to process smart contracts' computations at a large scale. If developers decide to make Shiba Inu a "privacy coin", they're going to have to use a L2 network just to reduce the burden on the main ETH blockchain. Or they could just create a decentralized mixer like Tornado.Cash that would let SHIBA users "launder" their coins on the go.

With Vitalik not taking the project seriously, we can't expect the token to "explode" in price anytime soon. It won't even reach $0.01 during its lifetime. Who knows if it dies in the long run as people move on to the next big thing in crypto? Just my opinion :)

There can't be one Crypto that satisfies all the users' needs. The thing about technology is that it is a living thing and yesterday's tech will likely become obsolete in the future. Another thing is human greed, everyone wants to be called the main developer and become rich through token launch, just look at the story that broke out today about the DefiLlama team, a very good team but disagreement about how to monetize the project.

Yep, I also find this to be completely true, can see the project trying to come up with new solutions for product development to escape the shadow of memecoin.
But until now, I only see the hype and rumors surrounding it. However, with the direction of development is to build a private blockchain of shiba I find it quite interesting, they already have a large community and if they take advantage of that opportunity, they will most likely create huge price rallies. chief.

I don't see any reason for a meme coin like Shiba Inu to turn to a privacy coin especially now that the regulators are after such coins. Although having read through the comments, I was made to understand that it's just a third party app that is involved in the privacy thing and not Shiba Inu itself.

If some day Shiba Inu Devs decide to make it a privacy coin, I think it will negatively impact on the price. So it should just keep being a meme coin.

I kinda agree with what you're saying, because after all shiba is a meme coin and without the hype the price of shiba wouldn't go up. maybe indeed this rumor was deliberately created to be a counterpoint for doge who got hype first because of the support of elon musk. it would be a shame if shiba really took the privacy route.

The authorities of different countries have a negative attitude towards anonymous cryptocurrencies and take various measures to limit their use, since with the advent of such coins, the number of fraudulent attacks and financial fraud with cryptocurrencies has significantly increased. Although I think people who have at least some idea of ​​​​what private coins are, they understand that there is nothing illegal in this. Moreover, a very small number of people use privacy coins for criminal purposes.

Its price is already terrific, especially looking on its Market Cap. It seems that it's impossible to return the previous popularity, that's why such news appear. Just to remind investors that Shiba is still here and nothing else.

A third-party app would be the best way for Shiba Inu to obtain privacy features without having to worry about the regulators. That's because privacy would be more of an optional feature instead of something mandatory for users of the cryptocurrency. You can see why Monero and Zcash are rejected by most exchanges. That's because they enforce privacy by default.

Shiba Inu is a "meme" coin anyways, so don't expect anyone to take it seriously for day-to-day payments. There are billions of coins in circulation, making the prediction of $0.01 per coin a distant dream. Who knows if it fades away into oblivion as people move on to the next big thing in crypto? Just my thoughts ;D

It is unlikely that anyone will ever take meme coins seriously. In terms of utility, they are inferior to many cryptocurrencies. Meme coins are often created quickly and without proper due diligence, which can make them vulnerable to fraudulent schemes and scams. This can put investors at risk of losing their money.

That's why investing in meme coins works on the early stage only and you have to withdraw very soon also, at the moment it gains the population. Don't wait for it to rise forever. It blasts quickly and then nothing happens. That's why I don't participate in it.

No one except Elon Musk and his followers will take "meme" coins seriously. They must be out of their mind thinking that such coins with hyperinflation are going to go all the way to the moon. SHIBA has barely touched $0.01, so what difference will it make if it becomes a privacy coin? If developers really want to make Shiba Inu useful, they're going to have to burn the token supply. Otherwise, don't count on SHIBA becoming as useful as BTC or ETH in the near future.

Governments are targeting privacy-oriented crypto protocols and services lately, so it would be best for the project to go forward without privacy features. You'll never know when governments will pressure CEXs to de-list the aforementioned cryptocurrency. We already have Dogecoin anyways, so why should we care about another copycat/clone? Just my thoughts ;D

Shiba inu's popularity is extraordinary, it's just that this shitcoin coin becomes private according to it, it's even more terrible. We won't know anything about the concept of Shiba Inu in the future, which I'm afraid if the privacy of investors' money is lost because of something that isn't transparent. Yes, everything is a risk, but it must be researched again

Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.


I think so too that it is possible to convert ordinary coins into privacy coins by implementing privacy features, as seen in the case of the Shiba Inu. Consolidation of privacy features is a common trend in the cryptocurrency space as users are increasingly concerned about their transactional privacy.

The success of a cryptocurrency depends on a variety of factors, including its adoption rate, market demand and technology. Adding privacy features may increase the demand for coins, but it is not a guarantee that their value will increase. The value of any cryptocurrency is highly volatile and subject to market forces.

I don't think the Shiba Inu coin is gaining popularity among true privacy coin advocates. The meme coin offers owners little or no value compared to more established cryptocurrencies.

If it's true that the latest update will bring Shiba Inu like that, it will change the Shiba Inu from being a meme coin to a privacy coin which is better and clearer on purpose. Because compared to being a meme coin that only relies on pumping, it would be better for Shiba Inu to be a privacy coin that can be used by people for faster and anonymous transactions globally.

Shiba Inu (SHIB) is a cryptocurrency based on the Ethereum blockchain and has no privacy features. This means that SHIB transactions can be tracked on the Ethereum blockchain and do not offer complete privacy like Monero or ZCash do.
However, it is possible that the Shiba Inu development team may add privacy features to their cryptocurrency in the future. But at the moment there are no official statements about this direction of development of the project.

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.

Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts ;D

Privacy-focused cryptocurrencies may appeal more to users who are concerned about their online privacy and anonymity, but they may not be as attractive to more mainstream users who prioritize other factors such as speed, convenience, and ease of use. This can limit the adoption of privacy-focused cryptocurrencies and potentially affect their liquidity and value.

As for meme coins like SHIBA, it's difficult to predict their long-term prospects with any certainty. While they may experience short-term rallies driven by hype and speculation, they may also face significant volatility and market corrections.

Ultimately, it's up to each individual investor to carefully consider the risks and potential rewards associated with investing in cryptocurrencies, including meme coins like SHIBA. It's always a good idea to do your research, understand the technology behind a cryptocurrency, and carefully consider your investment goals before making any decisions.

Shiba inu is still Memecoin and even Shiba Inu is said to be a metaverse coin too,
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.

and if i may add, even if they added a privacy feature, we don't know to what extent they are really implementing the privacy protocol. they are adding such feature to sustain the interest of people. however, as you said, they still remain to be a meme token, wherein, its survival still depends on the team behind it.

Will add a little to clarify.
Its survival only depends on the pump and dump that is done :D
Well indeed it is a pretty good breakthrough but I think something like this doesn't change anything for them because still they can't be removed from the pump and dump system even though they are now for example going up but in the end things like this happen it won't take long and come back to the initial price where they are below.

from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development

It showed growth only thanks to unrealistically expensive marketing. Advertising of their token could be found at every turn. That is why so many people bought it. In general its growth will be only if one of the whales holds a lot of tokens in their hands. Only then will he be able to repeat the history of DOGE.

While it's difficult to predict exactly how Shiba Inu will perform in the future, it's certainly possible that it could see a similar surge in popularity to Dogecoin during the next bullish season. However, it's important to remember that investing in cryptocurrencies always comes with a degree of risk, and it's crucial to do your own research and make informed decisions when it comes to your investments.

really? if it become privacy coin, thant it will get delisted in most or all cex. like monero now.
it also reduce speculator

That is a very good update, which Shiba Inu coin has many more use case as time apply. Therefore, Shiba Inu we surprised many investor's in a second time, from the early investors that made a lot of profits, and possibility of Shiba Inu turn into privacy coins like Monero or ZCash, is possible, because Shiba Inu coin is a cryptocurrency that has strong community in the ecosystem.

Personally i'd not invest in any meme coin or consider any of them to be good investments, it is obvious they lack any actual utility, and are only good for traders who want to speculate and make some quick profits, meme coins also fall into the category of pump and dump coins, they usually appreciate in price when there is quite a lot of hype for it, but without that hype and with obviously no actual utility, it is definitely going to dump. I don't consider meme coins to be long term projects with a long future, thus be careful how you invest in them, and always be ready to pull out before a dump.

You're right, meme coins are trading and gambling toys, as a high-risk investment, so they don't mix very well with proper, low-risk investing. Buying new meme coins that are relatively new is like investing in a ponzi scheme, you never know when or how this venture will end. It's not investing, it's roulette. Those who spend time buying unknown meme coins in the hope of discovering new SHIB, they all, for the most part, are left with a loss and a mountain of junk coins in their wallet.

There are other important things to focus on, than just adding privacy features to a "meme" coin. Why don't developers start by burning the token's supply? If they do that, SHIBA will no longer be worth less than $0.01. By adding privacy features to Shiba Inu, they will alleniate the project further from CEXs.

Governments are strict against crypto/Blockchain tech these days, so they will quickly target anything they can't track or trace. Expect SHIBA to be de-listed across major exchanges once developers add privacy features on-chain. Let's see how long the cryptocurrency will last as people move on to the next big thing in crypto. Just my thoughts ;D

If indeed Shiba Inu is going to be a private coin that would be sad,
why? because some exchanges have started delisting privacy coins,
what I'm afraid of is that shiba can no longer be trusted as an investment.

Shiba Inu is a purely commercial meme project that aims to earn as much money as possible. Even if at some point they are delisted it does not mean that its price will not become even higher later. You can see many examples when private moments after delisting grew in price.

Presently, Shiba has lost it's investment aura. Only meme lovers and crypto gamblers have ever taken Shiba seriously as an investment option. Serious investors can hodlers cannot consider Shiba a long term investment.
Everyone is now waiting for bull run in order to see if Shiba can be resuscitated.
So, if the developers have found a new way to keep the coin relevant, they should try it out but I sure know that people who already use privacy coins like monero cannot leave it for Shiba even if it turns a privacy coin.

You are pretty wrong there mate. I mean shiba is just there because of the hype, and there are no good or bad meme projects all of them are unfortunately bad. This may come as someone who just dislikes crypto, but all of my investments are in crypto and I have nothing else, I haven o stocks, no gold, no real estate, no futures, nothing.

I am in pure crypto, and I invested into some pretty crazy stuff back in the day, and yet even with all of that I am warning you not to invest into shiba, or doge, or any other meme project. It is not going to give you any money and you will lose it. Just like how Elon pumped it with twitter for a while and then it crashed, you will buy because of the hype and it will crash again.

It is possible that Shibu Inu coins are considering transitioning into privacy coins due to recent decisions made by Central Bank Digital Currencies (CBDCs) that prioritize privacy, financial inclusion, and standardization. Unlike meme coins, privacy coins have struggled with issues such as liquidity, cross-border transactions, and lack of standardization, as evidenced by the fact that criminals tend to use bitcoin more than privacy coins. However, the potential for meme coins to become privacy coins is not entirely clear but the liquidity is an advantage, the process will consider its new venture involving swapping and other considerations.

Shiba is just currently using their plan transition into a privacy coin as a catalyst to stay relevant to the market. Those who don't hold crypto wouldn't be excited as much as those who have it. Those who hold their this shiba coin will have something new to boast for though I also think that Shiba would be a first choice for those who would want to invest into privacy coins. Those established coins like monero or zcash would ultimately the first choice of investors as they have been long to the market and has the features that is tested and use by majority for a long time now.

It is worth noting that privacy coins can offer many benefits, such as enhanced security and privacy protections for users. While there may be some regulatory challenges associated with privacy coins, it is possible that these issues could be resolved in the future as the cryptocurrency market continues to evolve and mature. Ultimately, whether or not Shiba Inu becomes a privacy coin is up to the project's developers and community to decide.

I think the steps taken by Shiba are right and sooner or later they will continue to grow,
after this maybe those who are interested in investing in Shiba are increasing,
let's see and follow the progress.

Why do I need Shiba Inu if there are already private coins that are time-tested, have serious technology, their blockchain is tested and unique and over the years they have proven that they can be used for anonymous transfers?

When you answer yourself this question, answer another one - Is the Shiba Inu team's announcement that they will become a private token just a way to get attention?

I think both answers are obvious.

Why would Shiba Inu want to "stay relevant in the market" by adopting privacy features? On the contrary, doing such a move will be a step backwards towards mainstream adoption for the cryptocurrency. The fact that privacy coins are being de-listed across centralized exchanges, tells us that there is strong opposition against them (especially by mainstream governments and banks). Thus, for the sake of the Shiba Inu project, it's best to leave things just the way they are.

Instead of focusing on privacy, Shiba Inu should focus on following the next big thing in the crypto/Blockchain space. NFTs, AI, and the Metaverse is where the money is. Not privacy/anonymity. Ultimately, it all comes down to what the community wants for the cryptocurrency. As long as decentralization is put first, nothing else matters. Just my thoughts ;D

Regarding the announcement that Shiba Inu will become a private token, it's possible that it could be a way to generate attention and excitement around the project. However, it's also possible that the team genuinely believes that becoming a private token is the best direction for the project's long-term success. It's important to wait and see how this decision plays out and how it impacts the project's overall performance.

My question is, can you track the value of these coins? If so, they are not as private as I would like. See https://bitcointalk.org/index.php?topic=5450555.msg62195770#msg62195770.

8)

If I understand correctly, this is a technology that many now want to recreate correctly. Zero-knowledge blockchain. This technology has to prove that you really have coins, but no one can see your account

In my opinion, it's definitely possible to turn a regular coin into a privacy coin through updates and adding new features, like what's happening with Shiba Inu. Like introducing privacy-focused dApps and layer-2 solutions can help enhance the anonymity of transactions, which is one of the main aspects of privacy coins.

Generally, it's a bit hard to predict if the rate will start growing just because of these updates. While it's true that privacy features can make a coin more attractive to some users.

The overall market sentiment and other factors will also play a significant role in determining the price trajectory. So, I'd say it might contribute to growth, but it's not a guarantee.

but there is no definite confirmation from those who hold shiba inu nor any definite news from their developer to turn shiba inu into privacy coin, i think they are still meme coin as before, it is very good if they combine those two concepts in their project, because memes and privacy have never existed but if it's possible, because it looks weird to hear.

we have to wait for the latest news from them whether it will indeed change or be improved and I agree with you that because there has been no clear confirmation from the shiba inu themselves, that's why until now, they are still a meme coin.
if indeed there will be changes then of course there is progress made by the shiba inu and this is of course good news that will be able to give more trust to the shiba inu, we are waiting for the release that will be issued by them.

I don't think it will be competitive with 0xMonero and their off-chain solution 0xTIP. There is always the risk with on-chain privacy solutions that they are backdoored or that quantum computing will expose transactions in the future. That's not the case with off chain solutions.

Still waiting for an update regarding zero protocol to be implemented into shiba inu. I think that this will never be real. Shiba inu is still dependent on the ethereum blockchain and shibarium is not as good as people said.

I see no point why shiba needs to releasea zero protocol to turns to be privacy coin. Shiba just need to issue a new assets in the zero protocol blockchain.

The blockchain like zksync is good enough for that.

I hope that zksync will not be a disappointment and all tests will pass with flying colors. I have high hopes for this project and for their possible airdrop.

And as for shiba, it's just a newsflash. They won't turn their useless meme coin into a private coin.

I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.

It's all nothing but hype. Shiba Inu developers just want to attract as many fools as possible to suck the money out of their pockets for their own benefit. The cryptocurrency is just a "meme" coin with a large circulating supply. It was never meant to be taken seriously. We could say it's a "Dogecoin clone" without a Blockchain network of its own.

If you really want privacy, use Monero or Zcash for your utmost sensitive transactions. I really hope people realize that it's not about the money  but rather the usefulness of any given cryptocurrency. The industry is still in its "early days", so we should expect "meme" coins like SHIBA and PEPE to keep pumping for a while. The effects will be shortlived, especially when such coins have no substance behind them. Only BTC, ETH and a few other similar coins will survive because of the real use cases they provide to the world. Who knows how long will Shiba Inu last? Just my thoughts ;D

I think this is good and this is one of the efforts to improve the performance of the ecosystem and this will lead to growth in the value of the coin going forward and the update points towards more Privacy allowing anonymous transactions for users despite the lack of specific implementation and overall market response that is decisive.

Hmm, may you share the source link, please? Well, if it's true, it's an interesting development for Shiba Inu. I think it's technically possible to add privacy features to a coin, but it's going to take a hell of an effort because there will be significant changes to its underlying technology and protocols. I think good utility is always a good idea, but price doesn't only depend on that alone. There are market demand, adoption, utility, overall market conditions, and investor sentiment to be considered. Besides, just like the forerunner, privacy coins get challenges from the government to exist, and of course, it's not a small challenge if Shiba Inu want to change. However, let's just see how it goes. Whatever it is, it's refreshing to see how a merely meme coin wants to change and add utility to their project.

The irony is that no matter how long it lasts in plain sight, I'm sure it will give even more profit to its holders than bitcoin or ether. These are all stories of manipulation and it's not hard to trace whose wallets have a large concentration of Shiba tokens

Shiba is a meme coin that basically doesn't have a Roadmap on their project. And in 2021 their price has ballooned so much that I think it's quite difficult to get back to their ATH because indeed the price at the time of ATH was very high for SHIBA. Maybe what makes sense is that they start developing new projects that will support SHIBA so that meme coins can become coins that have more selling value in the eyes of cryptocurrency enthusiasts.

While Shiba Inu may have a large circulating supply and lack its own dedicated blockchain network, it's essential to recognize that cryptocurrencies can serve different purposes. Some coins aim to provide innovative technologies or solve specific problems, while others may focus on community engagement and meme-inspired branding.

That is true. But there are so many cryptocurrencies out there which serve nearly the exact same purpose as SHIBA INU. If one "meme" coin wasn't enough, imagine hundreds or thousands of them. I'm not saying that SHIBA won't have a future, but rather that the coin is more of the same. If SHIBA developers keep innovating, then I don't see why it shouldn't go to the moon in the first place.

For what I know, the new privacy feature is just a rumor. There hasn't been any intentions from developers to make this a reality soon. It's best to leave everything as is for the good of the project. Adding privacy features for SHIBA would force CEXs to de-list the cryptocurrency. It will await the same fate as Monero and Zcash. No one can predict the future, so let's hope for the best. Just my opinion :)

Delisting risk is another reason why this is just a news story. They will not risk their presence on many exchanges just to become a private token.

unfortunately the OP didn't provide the source is it just an opinion?
I myself don't believe it because in my opinion Shiba is already in the metaverse category,
I saw their update on Twitter that they built a product with the name Shibaverse and of course that's very interesting.

There is no delisting news and maybe it is invalid news because there are no sources reporting shiba delisting information, based on market capitalism and trading volume there is still a chance to stay on top exchanges, so delisting news will definitely have a bad effect on shiba coins and traders must wisely analyze the information before believe the news.

Really?? What about this news? https://cointelegraph.com/news/binance-to-delist-privacy-tokens-in-france-italy-spain-and-poland If even Monero is delisted, smaller alternatives will go the same way very soon.

Exactly. Especially now when Binance started to de-list privacy coins in certain European countries. The vast majority of the world's governments are against privacy coins, so they will keep pressuring centralized exchanges to de-list anything private along the way. You think Shiba Inu developers want this in the long run? Of course not! This may be only a tactic to lure foolish investors into the cryptocurrency.

SHIBA is merely an ERC-20 token, so I fail to see how developers are going to make it private unless they're aiming for a separate solution like a mixer. It really doesn't matter since Shiba Inu is a "meme" coin. The coin will always be worthless in the eyes of serious traders and investors alike. All of the attention is on PEPE nowadays, making Shiba Inu a relic of the past. Just my thoughts ;D

Yes, you are right in fact meme tokens change very quickly and their popularity can quickly extinguish. That's why they are now looking for a newsworthy reason not to forget about them and they have at least some reason to grow in the next bull market.

And when this bull market will happen you think?  As I'm already tired waiting for the Bitcoin to rise well.

I, too, am very tired and very much looking forward to when we open the new bull run. Unfortunately I do not have the gift of foresight and can not say exactly, but I assume that the next 2 months we will still be waiting for the accumulation, and only in the fall we will start to show some growth

I have one news in order to stay away from price predictions for at least one post. Utopia P2P just launched a huge airdrop for all its users. All you need to do is to be online in their messenger and there are 11,111 daily winners! Here's the info: https://twitter.com/UtopiaP2P/status/1669624485387939843

Well, while we are waiting for the bull market, we can start collecting airdrops. In fact even this activity can lead you to success if you wait for a bull market.

It's not the worst decision how to spend this time. Especially while there are such an airdrops that don't require any activity, you just have to run a software and stay online. Great!

Even if indeed the Shiba Inu will undergo an update to become a privacy coin through support from the Bermuda dApp and the rollout of the Layer-2 Shibarium protocol. Although it is possible to convert ordinary coins into privacy coins, the impact of this change depends on the technical factors and features introduced by the coin project. Changing to a privacy coin does not guarantee a significant increase in price, as the value of the coin is affected by various factors such as market demand, adoption and investor sentiment.

Many privacy coins like Monero and ZCash have problems with regulators and delisting on the exchanges. It is hard to develop a coin which is privacy.

Privacy is very good for simple people but it is risky to regulators. Regulators can not contrall privacy coins and transactions in privacy coins and they want to bun privacy coins.

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

Coin memes don't have any utility and they don't even have a roadmap like a typical utility project. in other words there are no plans or innovations worth waiting for. What made Shiba become as popular as it is now is not the utility but the hype. maybe this news was created by a group of shiba lovers to increase the shiba hype and beat the elon backed doge  ;D

It can be like that also. But I think you're wrong telling that all the meme coins have no roadmap. Most of them are scam for sure, but I think that some were created trying to get attention on some actual meme and hoping it will work well enough. On the whole, it's such a complex thing that I still don't quite understand.

In fact memcoins have an important purpose! These memcoins are supposed to make their creators rich! ;D ;D ;D) Everything here is based only on market makers who can inflate the price of the token to the sky

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts ;D

Have you considered that all memcoins could have the same creator? The creators of Shiba could also create Pepe and capitalize on it. They have a lot of experience and it is very easy for them. And here I was thinking that it makes no sense to buy old meme coins! At any time they could completely stop supporting their old memcoin and just create a new one to make even more money!

I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.

Yes. the community hype and ripple is what matters the most there. if you buy meme coins that's okay too. but saving it for the next 3 years just feels good. I remember my friend buying DOGE which used to cost like a meme coin but now it's good. Will the Shiba Inu follow in Doge's footsteps?

COGSmachine stack can turn any digital asset or NFT into a bound token  (BT) .
  
Then you can privately exchange assets like this shown in this video of selling  a CQDN, BT, and SSL Cert over private networks.  see:
 https://twitter.com/COGSmachine/status/1656072890242957314?s=20
 (https://twitter.com/COGSmachine/status/1656072890242957314?s=20)

Note that anything can be included in the transaction e.g. contracts, code, deeds, digital media, etc.

Thousands of years of history proof that Buying and selling is a private common law contract.   See Bill of Rights 7th Amendment and Article I Section X US Constitution (no state may impair the obligation of contract) .  

This is a brief description of COGSmachine platform  https://bitcointalk.org/index.php?topic=5460271.0 

"You don't see any new privacy-oriented crypto projects anymore.  Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. " 

"Project premise
Web 3 services are vended. A COG is a Web 3 vending machine that exchanges services for Tokens.   

Overview and Ethos
 The COGSmachine community of developers created the COGSmachine platform without VC funding. COGSmachine is a network of humans and synthetics building technology for the betterment and advancement of society.

Description
A COG is a single machine that run COGSmachine software and communicates with other machines using $COGS tokens. Networked COG(s) communicating with one another speaking the $COGS protocol comprise a COGSmachine. "

This is a brief description of COGSmachine platform  https://bitcointalk.org/index.php?topic=5460271.0 

if shib move to anon which is bad in many countries just like shooting their foot, monero has demand on black market from many years ago
the adoption is truly be there, zcash in otherwise fadding like nobody these day talking about zcash, the tech already implemented in may cases/coin
did shib following dogecoindark ?, the doge on dark movement  ;D

I don't really understand how the price is forming. Do the coin launchers manipulate it somehow or that only depends on the number of investments and withdrawals..

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

It remarkably seems that Shiba Inu can become a private coin in the likeness of Monero. There is a plus to such a moment. For example, the price may increase significantly. Also, Shiba Inu can be used for financial relations in specific activities. But the downside is decreased interest in the token in the first stages of transformation.

That is the right thing to do, and that is how the world turns. There will always be some people who will think individually, they will think "I shouldn't pay taxes and find loopholes to avoid it" even when they know that government has to sustain to keep them alive as well, they just think others would pay their fair share of taxes, or they just think there are other people who do not pay full of their taxes so why they should and these type of thinking causes a lot of people to try to avoid their crypto taxes as well.

If you traded and if you made some profit then you should pay the taxes of that if the country wants it, if they still figured that out then you are lucky but if they come asking for it then you should be paying.

Talking about taxes is always ambiguous and can lead to many disputes. Each person has his or her own point of view on this issue. But I have realized one thing over the years: it is better to pay taxes and sleep well! When there is a law in my country that will allow me to pay taxes on cryptocurrency profits I will simply pay them and not worry about my property being seized.

it happens if you are detected as an active crypto user with many assets. But if you are undetected there is nothing to worry about your property. Maybe the rules in each country are different, but the government won't know you as a crypto user if you don't tell your personal wallet. Stay anonymous and enjoy your crypto assets. The government just wants to blackmail anyone with crypto taxes. Even if you use a local centralized exchange in your country, they already deduct taxes from your transactions. then what are you worried about?

I always thought cryptocurrencies gave people freedom, at least financial independence. And you're voluntarily giving that information to the government. That's very strange to me. Personally, I don't want anyone else to know anything about my finances, at least in cryptocurrency. And I won't tell anyone about my transactions.

Maybe you can tell us how you want to hide all transactions? Of course you can do it, but not every country can do it? Where in European countries can you anonymously exchange cryptocurrency for cash?

And what about crypto ATMs? As I know all you have to enter is your address or scan the QR code with your wallet app. And if the wallet is no KYC then it seems that you get cash anonymously, no?

Very soon they will launch their blockchain. The price has gone up 25% in the last week. I think that closer to the launch of the blockchain, the price will rise a little bit more. But after the news comes out, the price will definitely correct.

WHAT ARE U SPEAKING OF? As the last thing we mentioned was anonymous withdrawal and you seem to miss the topic of discussion.

anything can happen to the problem of increasing the price in a coin.  but remember, it all depends on how big the demand for this coin will be

What you said is that I do not agree with you because like Shiba inu it is a meme coin but it has a utility like shibaswap where you can stake Shib and the rewards you get are still bones under Shiba inu .

And on top of that, there is also a shiboshi for its NFTs and the last one is Shiba inu metaverse and Shibarium for your information and maybe you are not aware of the things I mentioned. Yes it is true that Shiba Inu is not a utility instead it is a native token.

Have you even factored in SHIBA inflation, how many more coins do we have in circulation each year. I ask because I'm wondering if we'll see a price above the previous ATH given that the circulatioin suply will increase a lot.

Shiba Inu is one step closer to become one of potential project, maybe the SHIB token will not be an expensive token for now, but we must remember, the supply of SHIB continues to decrease from time to time due to burning. Additionally with Shibarium the ecosystem will have a clearer future than any other memetokens. Shiba launched BONE which will be used as currency to pay for gas in the Shibarium ecosystem. Apart from SHIB & BONE, it is possible that Shiba will launch a TREAT token, still don't know this token will be used for. Look like Shiba will be more interesting after Shibarium mainnet release.

Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.

I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts ;D

Looks like they are not actually just joking here because they are doing something new and keep developing their project unlike other competitors after they created some meme coins that actually have no real working road maps, they didn't follow it up to make their investors hype with their working ideas. One of the things to trust in a project is when they make it real whatever they said about in their roadmaps especially those that are partner with the big companies and they won't just let others innovate in the crypto industry rather they also make something new such a this Shiba's new offer to their investors which will be some kind of good investment as well.

Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.

I have no idea how the Shiba Inu coin will fare in the future but I hope that it will be in a good position one day. If anyone plays with it, they will have to wait a long time because no one knows exactly how many years this coin will go up in price.  .But anyone can invest in it if they want to.I sometimes think of investing but I refrain from investing when I wonder when it will increase in price.Shiba Inu Coin is now being bought by almost everyone and may be good in the future.  by thinking

Shiba Inu was first a success and its roadmap was later made. The first thing they announced was a dapp and which introduced further tokens based on Shiba itself. Though the coins cashed on with the popularity of Shiba Inu, the dapp was and is a failure. Now they are trying every possible way to keep the token in trend and hope for a rise so that a lot of the large holders could get off their coin on profit. Most of the meme tokens are one time thing. A new meme would take over an old one.

This tells us SHIBA is nothing but pure hype. If developers actually cared about it, we would've had a smooth launch of its own L2 network (called Shibarium). I don't think SHIBA will get privacy features, especially when privacy-oriented cryptocurrencies are highly-unpopular these days. Governments will be on developers' "tails" if they do this. There are other important things to take care of, besides privacy.

Why not start by burning the number of coins in circulation? By making SHIBA scarce and deflationary, market prices could soar all the way above $0.01. Of course, it's not only the price that matters. The token must be useful for it to stand the test of time. Without any real use cases, why would I invest into SHIBA in the first place? There are far better alternatives with a proven track record of development and innovation. Who knows if Shiba Inu becomes history soon? Just my opinion :)

It always seems to us that the easiest option would be if some project just burned most of the issue as was the case with the TWT token. The price would immediately increase several times. But unfortunately this is a very rare case. So here SHIB holders can only hope that in the next cycle the whales will still make a pump

And have you thought why they became meme tokens? Not all of them were created like that. And how can we blame them if it just turned out to be like that. While its creators don't even have so much money for its further development.

Even though its nice to think that everyone would pay taxes out of the goodness of their hearts; we havent reached that ideal yet. Realistically, a lot of people could be drawn to anything that could save them a few bucks, taxes or no taxes. History has shown us again and again that when people have a chance, they will take it, no matter what the law says.

Now, lets talk about Shiba Inu, which some people jokeily call the "Dogecoin killer." Using a fake name has its benefits, especially in the social and political climate of today. But here's an example of "gobbledygook": What if Shiba Inu tokens werent just fake names, but also had layers of security based on quantum entanglement? A silly and rather nonsensical idea, maybe, but one that makes you think.

But I have to say that I admire your trust in how the group makes decisions. The group mind does sometimes catch us by surprise, doesnt it?

Has anyone used the new shiba inu blockchain yet? After the news of its creation, nothing more has been heard about it.

As I know Shiba Inu Tokens are recorded on the Ethereum blockchain, not on its own one.. All these news seem to be just rumors, isn't it? If I'm mistaken, please share the link where I can find the up-to-date info.

This is a link that discusses Shibarium: Shibarium Release Date Update and What Traders Can Expect. (https://ambcrypto.com/blog/shibarium-release-date-update-and-what-traders-can-expect/) It stated that the L-2 Shibarium network had been launched last August. But because I don't have SHIB tokens so I can't confirm the truth of this. I did a little research and found out that there are indeed plans to launch an L-2 network on SHIBA tokens.

The important thing is who is the main responsible person for the project, who is investing, and what makes the project stand out compared to competitors? Its market capitalization has become too large, and you cannot invest in it long-term with hopes of high profits.

It cannot increase in price much more; Shiba Inu (SHIB) is not a good investment choice. I'm pretty sure the market pumped it up, but not excessively. There will definitely be a lot of good news about it, but mainly to sell tokens; it won't be able to withstand the next uptrend season.

Does their blockchain have anything to do with Astar Network? I ask this because there is a section on the Astar website called Shibarium

and what if the projects' developers team is anonymous? Then it's not worth even trying? Sometimes it's a must in order not to be shut down by the govs. And to provide full anonymity to the users.

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

These are as meaningless questions as the very existence of the shiba inu. Just memes trying to make more money off hamsters. They make up excuses to appear more serious and not be forgotten. So much for the answer to your question.

Then I can also say why do we need any other coin than Bitcoin? What do they offer that is different or better? It has the highest price ampng all the crypto and has proven it's not a scam. So why should we choose anything else?

Like the whole market SHIBA is not showing anything right now! Very interesting on the next bull cycle whether we will have a new pump or SHIBA will not get such popularity ever again

I have no idea how Shiba Inu turns into privacy coins like Monero and Zcash, but I am one hundred percent sure that Shiba Inu has many admirers even now. Even though it's a meme coin, many people still hold it and have faith in it. And they believe it will be their treasure one day. One of my friends once said, It's a meme coin. Meme coin trading is similar to gambling; it might go up or down. But if you are investing based on value, you can be sure that if things work out and the crypto project is providing value to the world, its price will definitely increase (tokenomics also have to be good). The latest updates about this coin is, Shinu Inu team members announced an important update, stating that the minting of bone was almost complete. This phase is an essential one in renouncing the bone contract. Last year, the community decided to halt all bone farming to save and secure the remaining 20 million for shiberium validators. So let's just wait and see.

The SHIBA INU gained a lot of popularity in Elon Musk's short time with you and they have managed to maintain their popularity.  So it's not unusual for them to do this for their future development.  But if they reduce their supply it will look better and attract more attention from investors. Shib is disliked by many for its heavy supply.  So I think it would be a good move to make their coin a privacy coin as well as reduce its supply. They have done very well in the market and are expected to do better in the future if they adopt more innovative strategies to catch the attention of more investors.

And can you please explain how it is possible to reduce a supply of any coin? I think that the bigger supply is - the more trust is for the coin. But no rules work for the meme coins, certainly.

Recently a telegram channel admin's account was hacked and a fake airdrop link was posted. So SHIBA needs to better train its employees in cybersecurity

They say that competition is healthy... that's how we break limitations, the desire for constant improvements and progress. And it's good to have an alternative, not to rely only on "one thing".

As for the Shiba Inu and the transition to private money, I haven't noticed that there is much talk about it. Maybe it's just marketing testing for now, polling the public and all that. We have been talking about private coins for years, and many think that they are the future, but for now, they are still far from popular in the "real world", people outside of crypto still don't know much about them. Many people outside crypto are still struggling to understand Bitcoin.

And what it turned into? As I know in order to participate in the airdrop you don't have to spend any money. So what was the loss of people following that fake link?

Many people still can't understand what bitcoin is and how it works, and instead of learning about it in detail, they buy altcoins they know nothing about. Worst of all, they just trust the first blogger they see and make purchases based on his recommendation.

This is how the story goes - this blogger will get money for that, and that investor will most probably lose or will hold the coin that will stuck on one point. Anyway, Bitcoin is not the best for investing if you're not a billionaire :) You have to invest in other coins also, that's a usual trading practice.

If you are not a millionaire, you should definitely invest in altcoins. Only on them you can earn 100 times more. That is, investing even 1000 dollars, you can coolly change your life. But the main thing is to choose the altcoin that will show such growth. Otherwise, your 1000 dollars will turn into 1 dollar

This is very general comment, it asks about shiba and its future.

All I know, shiba is just meme coin. They might want to be useful coin. At least, it have use for something. No matter it does never buy it.