What about privacy coin?

[zasad@]

Privacy coins play an important role in the cryptocurrency world, but think about their value if the global regulator orders all exchanges to delist these coins. These coins will live, but their popularity and trading liquidity will greatly decrease.

[diminizio]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

Privacy coins I think are security-type coins where their price movements are much slower than utility-type coins, therefore they don't seem to be in demand. as we know cryptocurrencies always prioritize hype, they are more interested in coins that have a high risk but produce large returns, rather than having to secure their data or any security, it is better to get large returns.

[batang_bitcoin]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

Well, it seems that the government is tracking down most of the privacy coins. They don't like it and they don't like censorship and that's why they're putting at risk those exchanges that will be caught to be listing it. And the reason why exchanges are delisting it because of the pressure that they're getting from these authorities. But if it's about privacy coins, if I'll expand my portfolio maybe a little of it will be added to mine but not going to exceed 10%.

[Jawhead999]

I'd say the second most important coin is privacy coin, the first is still Bitcoin. I don't see any other coins is important, they're mostly copy pasting projects and centralized. There's no reason why someone should hold centralized coins and moreover giving their KYC to centralized entity, it's similar like you save your fiat in bank. No one talking about privacy coins because most people doesn't care with privacy, I've seen so many people just giving their KYC for $5-$10. Also many governments and exchanges are against privacy coins, some exchanges even blacklist privacy coins.

[Reid]

Sad but true.
The trend is not about privacy anymore and it's more on dogs, NFT, DeFi, Web3, etc... It's difficult to go back where Monero was being discussed left and right. Let's just say the file is buried but it's still there. But who knows, maybe somewhere in the future a billionaire will clean up dust and pull that file again and make it surface to this new world of cryptocurrencies.

[Dave1]

Sad but true.
The trend is not about privacy anymore and it's more on dogs, NFT, DeFi, Web3, etc... It's difficult to go back where Monero was being discussed left and right. Let's just say the file is buried but it's still there. But who knows, maybe somewhere in the future a billionaire will clean up dust and pull that file again and make it surface to this new world of cryptocurrencies.

Yeah, gone are the days that crypto enthusiast are more on the privacy than regulation. But I guess that is the part of the world we live in right now. It is evolving, what remains constant is change so as much as we hate it, those privacy coins are not going to be patronage by crypto investors because their investments are not going to yield big profits as compare to the current hype.

[Nivia1st]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

The privacy coin hype is over due to too much intervention from the government. and maybe this is the fate of all privacy coins today. Even so, there is always hope for these coins, so there is no need to worry about the future of privacy coins. the need for privacy coins is still quite high, so this is one big reason why privacy coins like monero, or dash are still surviving.

[Holla123]

Have to agree. Regulation is coming to the space big time. They will be especially interested in the privacy coins.

[fzkto]

Private coins have a good future, especially time-tested coins such as ZEC or XMR. There is increasing scrutiny of cryptocurrencies around the world because many countries are starting to accept it. Tax reports, wallet verification, banks, CBDC all affect the anonymity and privacy of your money. And only private coins will prevent anyone from getting into your life and keeping an eye on your funds.

[SistaFista]

I admit that privacy coins have decreased in popularity, but that doesn't mean they're over. As long as centralized systems are popular, privacy coins will always be needed. because there are still many people who want to be anonymous. so monero, zcash or dash will still be in the crypto market and still have a future.

Yes, privacy coin is not popular as other coins but they quite useful for some people.
As long as the privacy coins have real use case, they won't be gone in the future.
We can look at the mining hash rate of privacy coin such as Monero, it has a good hash rate, meaning the value of the coin is still profiting for miners

[kojektea]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

Coin privacy I think belongs to the type of security coin that has a long movement in its trading. I think this coin is very rarely developed, even old coins like XMR are starting to fade, as if they don't have much community support anymore. The cryptocurrency community seems to be more interested in utility-type coins because they are more usable to create an ecosystem, and they hype up faster than security-type coins.

[joeperry]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

I invest in Monero last 2-3 months ago as I have noticed that Monero's price doesn't affect that much by the price of the Bitcoin and currently I am up but I think by 60%? Only few people talks about the privacy coin but I think they are good coins with purpose and they are also a good investment too, I currently saving as much Monero as possible.

[poodle63]

Why did some people keep believe if privacy coin will become a major trend again? If privacy coins were good and it doesn't make sense the privacy coins can't sustain for long term. That reminds me with the coin like veil, grin or something else. You need only one privacy coin and monero was  enough to cover all of your need once you need untraceable transaction and why do we need so many privacy coins? Monero has proven itself to be the most worth privacy coin and another coin was only offering gimmick.
Time flies so fast and privacy coin dead except zcash and monero. Zcash was also still peg with its cooperation with big coin like ether

[lionheart78]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

The current trend of cryptocurrency is institutional adoption and privacy coins are at a disadvantage in this.  Most institutions comply with AML so they prefer non-privacy cryptocurrency to avoid problems with the government.

Privacy coins still have their market especially in the sector where a transaction needs to be made anonymously.  I don't think it is the end for the privacy coins but I think they will be used mainly on the black market.

[vv181]

Broadly looking at how cryptocurrenices work today, most people are busy with NFT, DEFI, and established meme coins like Doge

This however is basically nothing but the crystal truth. What the vast majority these days are longing for are projects that could get them rich like GetRichQuickScheme as we do call it. These memes and NFT fit into that category.

Besides i'm not in anyway calling these projects scam but literally what I'm trying to say is that project like Shiba, Floki and them NFT can make you a millionaire in a blink of an eyes.

And that is the ground idea of what most developers built those projects. People have a narrow point of view that they didn't consider how many people lost their funds playing around with NFT, and meme Coin. It fits most people that haven't been unaware of cryptocurrencies before. For example, this thread[1] shows Shiba's popularity compared to others. People will use cryptocurrencies that spark their curiosity and interest them the most.

But technically, the privacy coin won't lose it meaning, there is valuable concept within it.

[1] https://bitcointalk.org/index.php?topic=5396585.0

[justdimin]

Are privacy coins no more important in today's world? Monero performs fairly good after bull market is almost over but that's that, no one is talking about the usefulness of privacy coins like XMR, Sero, haven protocol, horizen etc is this the end or privacy coins still have a future.

The privacy coin hype is over due to too much intervention from the government. and maybe this is the fate of all privacy coins today. Even so, there is always hope for these coins, so there is no need to worry about the future of privacy coins. the need for privacy coins is still quite high, so this is one big reason why privacy coins like monero, or dash are still surviving.

Privacy coins are getting lesser attention because new generation barely recognizes the privacy and doesn't care about it as much as we do. The age we live in right now is literally giving away your data yourself. All those posts, messages, photos, videos and everything, people thrive on being out in the open and not being hidden.

Obviously, there are still some who like it, like me, but that doesn't mean that it is the general population anymore, even the elderly share everything online and that usually ends up being their daily life. This is why there is really nothing that we should be hyped about a privacy coin when there is no more privacy in our lives.

[Kocret02]

I admit that privacy coins have decreased in popularity, but that doesn't mean they're over. As long as centralized systems are popular, privacy coins will always be needed. because there are still many people who want to be anonymous. so monero, zcash or dash will still be in the crypto market and still have a future.

To stay in crypto is not the main problem because of popularity, there are still many coin developments that do not generate returns but are still able to survive in crypto, all coins that are considered no longer popular still have the possibility to strengthen, as long as development is carried out as needed, this can we'll see, how certain coins can react in the market, according to the current moment or hype, but not all coins also experience the same opportunity as that