About Privacy Coins

[Thomas-s]

I have always opposed these anonymous coins because it is because of them there are a lot of questions that come from the government. Also, such coins are used by a large number of hackers to launder stolen money. therefore, before supporting and investing in anonymous coins, we all need to think a little about the consequences of the existence of these coins

[rosezionjohn]

The last time I read anything about veil was that they were looking for a patch or an alternative privacy protocol to zerocoin when a vulnerability was found out. What's the update on that? Did the developers found a solution?

Well, Dash does a great job at advertising itself as privacy coin, but it should not be in the list. I won't say more because I would go off topic.
Grin, on the other hand, IS interesting and it could be soon quite a competitor for Monero.

I'm not sure about going off-topic since this thread is about privacy coins. I also wouldn't consider Dash as a contender here. If I am not mistaken, the privacy feature is only optional.

When the FATF travel rule came out, the team released some statements that I think any privacy coin enthusiast wouldn't like.

[Febo]

I have always opposed these anonymous coins because it is because of them there are a lot of questions that come from the government.

Do not forget what Fed Chairman Jerome Powell, so the USA government said only few days ago on the hearing:



Transparent ledger cryptocurrencies not only that lack a basic trait of money, the fungibility, they are also against western culture and society. Maybe in China culture is fine that everyone can see what you spend money on in Europe and USA that is a no go. And everyone will avoid to use such currency. Fed Chairman Jerome Powell get that. What is most interesting is that he gets it before you and so many in crypto.

[canovan25]

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

I believe that the future lies with an anonymous stablecoin. Who will be protected better than Zcash / Monero, and having liquidity better than USDT. I proposed the idea in the Russian local section, but they told me that nobody needs stable coins and so I go to hell. Funny of course.

[CryptopreneurBrainboss]

I'm here to discuss about new privacy coins,

and what do you think about the future of privacy coins?

If you're taking about privacy coins that have the potential to dominate monero, I don't think currently we have any. Just as we think there are decentralized blockchain that can disrupt ethereum which the likes of wave, neo etc have tired but failed. Pivx was one of those privacy coins I thought had the ability to overthrow monero although just like most hard forks, it's still leaving under the shadow of its parent blockchain.

About the future of privacy coins, it's only right to believe they'll get better with time. Bitcoin has failed in regards to protecting our identity especially as it's quite easy this days to track most especially as we now rely on third party service providers like wallet providers, exchanges etc to carry-out our daily transaction.

[coinmaster241]

People use Privacy coins mainly because of anonymity. If you want to buy privacy coins, you can choose one of the top privacy coins like Zcash, Dash, PIVX, Verge, etc OR you may check the top privacy coins based on the market cap here.

Now this market cap, in my opinion, cannot be our first reference, it is only one of our reasons for choosing a privacy coin, actually returning to the tactics of a developer who is really serious about carrying out project development going forward, to what extent and will be used for anything if you really want to compete with XMR.

[XCANA]

Most of my altcoins holding right now are more of privacy coins because of their anonymous nature while hold. Even when the government wanted them not they are still the best coins to hold for long-term purpose, coins like monero and dash are my favourite and my ultimate coins am holding. These coins defined the sole purpose of cryptocurrency and not those that deflected from their sole purpose.

[aemma]

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

I think the future of privacy coins is still bright and good as it will always be in need within the crypto space because privacy will always be valued. The only thing to bother about is if new privacy coins will continue to live upto expectations. Monero is still seen as the best privacy coin till date because the team built it to be so, but for newer privacy coins the team are still working to prove they are a better option than Monero, i stand to be corrected though. Lastly, I know about Veil and Sero, and I think they are good too but I prefer Monero more.

[kushti]

Some exchanges (e.g. in South Korea) do not like privacy coins now. Thus privacy and non-privacy coins should become close.

A particular move in this direction is non-interactive mixing, see this thread: https://bitcointalk.org/index.php?topic=5249951.0

[timmmers]

The problem with privacy coins is the Lightning Network because it is a smart way how to send instantly Bitcoins with a privacy feature, so for me now almost all privacy coins doesnt make a sense in my opinion.

[Gayong88]

Coins that have certain requirements when trying to make a transaction are protected. This is a security pattern that is owned by the coin. That is, many stages must be passed by someone if they want to use it as a means of payment.

In fact and it cannot be denied that most people still like to have BTC as a universal payment instrument rather than a privacy coin.

[GlobalProtection]

I'm here to discuss about new privacy coins, what new coin you have in mind that beats Monero in terms of new features and privacy? I choose Veil and Sero over Monero and I'm holding some bags if those two

and what do you think about the future of privacy coins? while privacy coins offer bad people a level of anonymity, the liquidity issues and barrier to entry for buying and selling privacy coins make them impractical for most dark market purchases, what do you think?

Have you checked out Particl?

Been using there Marketplace and they have a great escrow system making sure people work honestly together.  

Let me know if you have checked them out.

Yes Particl is a very good one and it is great that they have a marketplace also.


Sincerely,  GlobalProtection - Canadian Citizen living in Belize now