Under supervision, do you think that anonymous coins have a future?

[cherry11800]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

[CjMapope]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

oh? i missed the memo it seems        what makes you say crypto's are being regulated?
i mean maybe one could argue that its been slowly happening for years, i could agree with that, but honestly?
it NEEDED it.  Crypto has become something, i think like most things, thats NEEDS regulation.   Years of lawlessness, has left many with a sour taste for crypto
People are scamming left and right, and there seems to be no established standards anywhere : /   i never thought i'd welcome government involvement, but i kinda do : /

[NathanJB]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

No, of course. Anonymous coins are anonymous coins. Take the anonymous from what, what is left? They are nothing. Their banner feature is its anonymity. That is what they market and promote, that is what people are interested about, and that is the main reason why people are using that particular coin. So if they lose that, they will become a useless coin. That is why they will never allow that. They will go dark most probably.

[Bttzed03]

It's still Christmas in some parts of the world so Merry Christmas.

About the "cryptocurrencies are about to be brought under government supervision", are you referring to the FATF travel rule? It's the latest attempt by authorities to "regulate" the crypto market by requiring crypto exchanges collect and record customer information related to crypto transactions. I've opened a discussion about this before and you can read it here https://bitcointalk.org/index.php?topic=5186577

Do you think that anonymous coins have a future in this case?

The FATF rule forced some exchanges to delist anonymous and privacy coins but that didn't stop these coins from getting listed in other exchanges. The way I see this now, the demand for coins like Monero will increase as the government tries to regulate the entire crypto market.

[biddicoin]

There are many demands for anonymous coins. So it has space to develop in the future
But, the demand is *usually* for bad thing such as money laundering, ilegal buying, etc

I think, goverment would never give this coin type to be develop. It can harm to many people
But, once again. This is crypto. Goverment isnt too easy to stop this one.

[makishart]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

I do but that will be used by personality and will never be adopted institutional or companies. It has a bright future when it comes to the private usage to securing or store your money without the possibility for others to trace your coins or money.
The anonymous tech will always exist even crypto will be brought under the government.

[JeotQ]

Anonymous coins are threat to the government, they can't have control over them and that is what these coins are created for, go dark with full privacy, this is their real use case and to be honest government destroys many lives in the past as we know it which is why I think privacy coins will always have a chance of survival

[xZork]

Do you have any evidence that the government will control cryptocurrencies?
As far as I know from the very first days when cryptocurrencies appeared on the market, governments wanted to control it but they didn't succeed. Cryptocurrency users are ubiquitous in the world and there is no government that can control them.

[minairia3]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

Really? I'm not sure if this will pursue cause probably many projects will not agree to this. They cant enforce as they please what they wanted to happen in crypto space. If this happened, then some will probably abort their ongoing projects, why? Of course some legit one prefer the decentralized approach and dont want to be handle by this smug that only goal is to impose an added tax for their benefit.

[FireBallex]

If government can fully control cryptocurrencies why are they trying to build their own digital currencies? Why is china and central bank aiming for separate coin for their people? Of course they have no control here, bitcoin is decentralized and so are many coins, anonymous coins are designed not to be tampered with or control, that is a good real use case don't you think?

[cherry11800]

If government can fully control cryptocurrencies why are they trying to build their own digital currencies? Why is china and central bank aiming for separate coin for their people? Of course they have no control here, bitcoin is decentralized and so are many coins, anonymous coins are designed not to be tampered with or control, that is a good real use case don't you think?

Governments just want to use technology, they have a hard time controlling decentralized currencies

Do you have any evidence that the government will control cryptocurrencies?
As far as I know from the very first days when cryptocurrencies appeared on the market, governments wanted to control it but they didn't succeed. Cryptocurrency users are ubiquitous in the world and there is no government that can control them.

you are right. They have no control, so they figure out ways to ban cryptocurrency transactions

[cherry11800]

It's still Christmas in some parts of the world so Merry Christmas.

About the "cryptocurrencies are about to be brought under government supervision", are you referring to the FATF travel rule? It's the latest attempt by authorities to "regulate" the crypto market by requiring crypto exchanges collect and record customer information related to crypto transactions. I've opened a discussion about this before and you can read it here https://bitcointalk.org/index.php?topic=5186577

Do you think that anonymous coins have a future in this case?

The FATF rule forced some exchanges to delist anonymous and privacy coins but that didn't stop these coins from getting listed in other exchanges. The way I see this now, the demand for coins like Monero will increase as the government tries to regulate the entire crypto market.

TThanks for sharing,Do you know Monero's TPS? It is difficult to reach the current transaction scale of BTC, so it may be difficult to popularize on a large scale.

[cryp24x]

What do you mean by Anonymous? Well, if you are referring for those coins that are still unknown or not popular, I think there will be a future for everything. Whether it is bad or good due to regulation or as you have said, supervision. Things have different perspective and we want to see the good result when they implement the regulation through the help of government agencies.

[Bttzed03]

~
TThanks for sharing,Do you know Monero's TPS? It is difficult to reach the current transaction scale of BTC, so it may be difficult to popularize on a large scale.

I haven't used it so I can only rely on information I see on the internet. It's definitely faster than bitcoin.

How long does it take to send a transaction?

Block time is one minute. On average it will only take a one minute a transaction to first appear in the block chain; however, exchanges usually will require at least 18 confirmations (blocks) before adding funds to your account, and the standard wallet requires tbd confirmations before considering received coins to be available for use.

A time of 10-20 minutes is generally the longest length of time you should consider waiting if your transaction isn’t confirmed in a couple of minutes.

Some article says it's even faster than ethereum or litecoin. I think TPS is the least concern of someone who want to make anonymous payments. I also don't think monero will be as popular as other mainstream coins like bitcoin or ethereum but there will always be a strong demand for it and that will increase as regulation tightens.

[Kyraishi]

No. Because under regulation, anonymous coins will surely lose their only edge - anonymity.

I'd say that without regulation they will thrive by themselves, because it is almost impossible for regulators and policymakers to completely shut off this industry as a whole when you have multiple independent decentralized blockchains out there that all offer anonymous transactions.

But with regulation, you're choking the growth of this sector by the very same means that it is currently flourishing by.

[Ozero]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

With the use of anonymous coins in the future, certain problems can really arise. Japan has already banned the circulation on its territory of such anonymous coins as Monero, Zcash, Dash. Surely other states will do the same to avoid the danger of using these coins for criminal purposes. It will be easier for states to ban them than to take risks, because they cannot control them at all. Of course, some people will try to avoid the prohibitions, and see what comes of it.

[palle11]

No. Because under regulation, anonymous coins will surely lose their only edge - anonymity.

But my thought is that, it will seem like an open market where people will have choice to choose what they want. Coins like bitcoin has already made significant impact and will continue because many are looking for such freedom.

[Furious 7]

I do not believe that cryptocurrency will be controlled under the government, it will be difficult, anonymous coins cannot be controlled by anyone because it is decentralized so that the coin will automatically run on its own without anyone controlling it.
Yes of course anonymous coins will have a bright future because now many projects are launching anonymous coins so this will develop rapidly in the future.

[Xcode7]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision. Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

I think it's legitimate to use anonymous coins for personal use, not for larger parties, in my opinion it would be very risky if used in a larger party. First up and down the price cycle will certainly hurt the team. And the second is that there are many more bona fide coins for institutions or companies. But back to yourself and your strategy in dealing with situations like this.

[knuckey]

Hello everyone and Merry Christmas! According to the current situation, cryptocurrencies are about to be brought under government supervision.

When will crypto be brought under government supervision? Where? Sad, because supervision is an opportunity to become their power and clearly will only benefit them. How supervision will control crypto, interventions that will eventually be centralized.

Do you think that anonymous coins have a future in this case? How should we choose, thank you for your proposal

Anonymous coins will continue to be available and grow in the future, because not everyone likes transparency and also does not want their transactions to be known to the public. Therefore, anonymous coins were born to maintain the privacy of its users, because I think privacy is part of the security aspect.