Trying to find the best Privacy oriented blockchain

[limorzz]

Though volume, price volatility and X/BTC pairs aren't very promising to investors and traders for privacy coins such as ZEC/BTC and XMR/BTC currently, with their BTC pairs having performed very badly this bull run. I have fundamental reason to believe that privacy coins will be the future and will be of significant importance as crypto grows.

Crypto is currently in a phase where regulation is still unclear, but governments are having growing interests in the regulation of cryptocurrencies, many exchanges being forced by their governments to implement KYC, keep track of taxable events and even something 'small' like XRP being sued by the SEC for being a security, coinbase being sued by the SEC etc.. The list goes on, it is clear that crypto is a growing threat to the traditional economy and we're in the step of where we are being fought (laughed-ignored-fought).

I am of belief that hyper private blockchains will be the last remaining version of the true vision which crypto once promised as the biggest blockchains receive heavy regulation, therefor I am in search of the 'best' privacy coin. The ultimate conditions one would have to match with would be things like a completely anonymous team, no ICO/premine, fair distribution, massively scalable blockchain (low/non existent fees, instant transactions) this would have to be achieved by a great consensus mechanism which would also have to be greatly decentralized. At the end of it all, it would need to have a big great vision of mass adoption which would require a team of talented individuals to ensure the adoption of the currency in many stores, though currently even hardly possible for the bigger coins such as Bitcoin, simple things like Travala; which is a very crypto friendly platform. Will come a long way.

I suppose many would be able to envision what the ultimate privacy coin looks like, it has to be truly unstopable, onchain exchange, hidden explorer, no CEX's, big decentralization etc.

I realize that a crypto like this very likely doesn't exist currently, however I'd be happy with any recommendations that'd even come near this, I had been thinking of founding something like it myself and really making it my lifes worth as I believe it should be possible but it just needs the right people to do the right things.

[Kavelj22]

Hello limorzz & Welcome to bitcointalk.
By having time searching about privacy in the blockchain, did you check how mixers work and CoinJoin feature?

I realize that a crypto like this very likely doesn't exist currently, however I'd be happy with any recommendations that'd even come near this, I had been thinking of founding something like it myself and really making it my lifes worth as I believe it should be possible but it just needs the right people to do the right things.

A new protocol called Mimble-Wimble (unknown inventor like bitcoin) was in reach for Devs since few years but not many have tried to use it due to several technical reasons. This protocol allows for hidden transaction within the explorer with no addresses for both sender and receiver neither the amount can be shown, both sender and receiver have to sign the transaction or using another protocol, the idea is not that complex if you look into it deeply.
See: https://github.com/mimblewimble

I remember read how to combine this protocol with the blockchain of bitcoin but it seems to be an upcoming step and no urgent need for it actually.
In the other side, recently few projects have been lunched with this protocol and the looks as they are doing well as they are all in development phase. I am giving you two examples:
Grin Coin: https://grin.mw/
BEAM: https://beam.mw/

[RussianEnglishTranslation]

You should research 0xMonero $0xMR. They launched a casino that includes a built in mixer and token bridge. The casino is being upgraded this month to accept ETH and 0xMR in addition to BTC. 0xMonero is also launching a mixer within the next month. The project is dedicated to privacy and have launched a number of privacy focused mobile apps for browsing Tor and mobile messaging. 0xMR exists on eight different blockchains plus L2s and has liquidity on most of those. Unlike Monero, 0xMR can be used in DeFi, has a limited supply, and is account based instead of UTXO based, which offers numerous benefits.

[bitcon]

According to the daily volume of different private coins that are comparely low, we can make a conclusion that people don't care about privacy very much. Moreover, it is not a necessary thing to create a separate blockchain just to provide privacy for people as this feature can be added to already existing blockchains.

There are so called mixers that mix up all coins and it is not understandable then who is the owner of those coins.

[limorzz]

According to the daily volume of different private coins that are comparely low, we can make a conclusion that people don't care about privacy very much. Moreover, it is not a necessary thing to create a separate blockchain just to provide privacy for people as this feature can be added to already existing blockchains.

There are so called mixers that mix up all coins and it is not understandable then who is the owner of those coins.

They will care when it's time to care. The consensus needed to add these features to major blockchains might be too large once the time is there, mixers alone won't cut it, AI would be able to track them eventually.

[guydin]

According to the daily volume of different private coins that are comparely low, we can make a conclusion that people don't care about privacy very much. Moreover, it is not a necessary thing to create a separate blockchain just to provide privacy for people as this feature can be added to already existing blockchains.

There are so called mixers that mix up all coins and it is not understandable then who is the owner of those coins.

They will care when it's time to care. The consensus needed to add these features to major blockchains might be too large once the time is there, mixers alone won't cut it, AI would be able to track them eventually.

Actually, if you are careful while using mixers, it is almost impossible to track you. To be unnoticed, you should use mixers with a big number of users (this way there will be more people for you to mix with),  you can use VPN and of course you are to change the address of withdrawing your money (when possible), so if you really care about privacy, you can get it through mixers of different kinds.