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Author Topic: What happened to XMR and other privacy coins  (Read 339 times)
MidNite36 (OP)
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May 28, 2022, 06:57:09 AM
 #1

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
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May 28, 2022, 07:11:44 AM
 #2

You already made a similar thread about that here:  What about privacy coin?.

What's wrong with it, does that thread doesn't satisfy your question huh?

Anyway, as it stands, here is my thought regarding the subject.

Broadly looking at how cryptocurrenices work today, most people are busy with NFT, DEFI, and established meme coins like Doge. But that doesn't indicate privacy coin lose its purpose and usefulness. It's just how the majority of the regular user is more into those things, currently.

But the fact that Monero has been long established and battle-tested, which makes it unbreakable[1], the usefulness is still there. And I don't see why would Monero doesn't have any future.

[1] https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero

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.
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

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May 29, 2022, 09:52:40 AM
 #3

Monero was created for privacy reason, when did anyone care with their privacy? only less people, anyone who use centralized exchanges are the people who doesn't care with their privacy, it can be you or me or anyone. Another reason is few exchanges delist Monero because they don't want to have any trouble with anonymous coin and lead their exchanges a problem due to high illicit sources.

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May 29, 2022, 09:55:32 AM
 #4

These privacy coins become less popular for me after 2017-2018. I believe privacy coins has become redundant in cryptocurrency because the essence of cryptocurrency is privacy and these coins also make some feature about privacy when you are using them.
Especially now there are already a lot of ways to hide your privacy even using non-privacy coins. Still, they are still here because they still have use.

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May 29, 2022, 10:14:38 AM
 #5

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
I don't think it's going to be a big hit in this space, as each passing stage is different and the hype about its applicability remains one of my personal questions. The issue of supply and demand is only on a small scale, and it's hard to think it will bring the same prominence or success as the top altcoins are dealing with in a time-gone landscape. Also, I'm not too negative about anonymous coins, but I'm clearly seeing some issues related to money laundering and confusing the concept of user security. However, I also acknowledge some of the core issues they're addressing, but it still takes time to see how they really benefit this market.
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May 29, 2022, 10:29:53 AM
 #6

are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
They are. Privacy coins were garbage coins. People didn't need bunch of privacy coins. One with good tech is more than enough like monero. People are putting their main concern into the utility rather than privacy coin. If you wanna trade with cex easily and you need to complete KYC verification. In this case privacy coin is actually useless. We didn't need privacy coin anymore. Privacy coin was coming to its end.
People need utility rather than privacy coin.

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May 29, 2022, 10:35:09 AM
 #7

These privacy coins become less popular for me after 2017-2018.

I think when crypto enthusiast realized that government will still continue to track and hunt them down even if they uses privacy coins. And perhaps this is one reason why the sudden decline except maybe Monero but still they are still far cry from what they are used to be back them.

I know that maybe some here are private person and wanted to be anonymous. However, the trend is changing and we need to embrace the notion that  we can be traced even if we used these so called privacy coins.

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May 29, 2022, 10:51:16 AM
 #8

I think privacy coins fall into the category of security coins where it's really hard to get hype , its quite a long development even though its a very good project. Like Monero, which is currently the most popular privacy coin in my opinion, but it doesn't get enough hype to lift the price up so it just stagnates in price. But it is perfect for those who mine or invest long term, as the coin's fundamental security is very strong and has long term hype.

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May 29, 2022, 11:04:27 AM
 #9

I think privacy coins fall into the category of security coins where it's really hard to get hype , its quite a long development even though its a very good project. Like Monero, which is currently the most popular privacy coin in my opinion, but it doesn't get enough hype to lift the price up so it just stagnates in price. But it is perfect for those who mine or invest long term, as the coin's fundamental security is very strong and has long term hype.

Yes, it's true that Monero is not much different from USDT, the movement is not too far away, therefore Monero has never had a price increase that is further than their usual price.
 But when it comes to investing, I also agree because apart from maintaining security, we won't feel a big loss when the price of Monero drops because it will fix the price again quickly and it's also one of the most popular coins even though it's never been hype.
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May 29, 2022, 11:17:10 AM
 #10

The financial services of the digital ecosystem can only be replenished from cryptocurrencies. While the financial services of cryptocurrencies are increasing rapidly around the world, the transactions of cryptocurrencies in the digital ecosystem are increasing rapidly. Various currencies are gaining popularity in the cryptocurrency market. Monero is different from other cryptocurrencies. So Monero's future is much better.
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May 29, 2022, 11:39:44 AM
 #11

These privacy coins become less popular for me after 2017-2018.
I think when crypto enthusiast realized that government will still continue to track and hunt them down even if they uses privacy coins. And perhaps this is one reason why the sudden decline except maybe Monero but still they are still far cry from what they are used to be back them.

I know that maybe some here are private person and wanted to be anonymous. However, the trend is changing and we need to embrace the notion that  we can be traced even if we used these so called privacy coins.
That's partly incorrect. People choose convenience and sacrifice privacy, or they may just simply don't care about privacy at all. The coin in question is Monero, which is still unbreakable noting the NSA still offers a prize to break it[1]. While we can assume they may already break it but still keep silent, but that is another technical debate that I'm not aware of.

But the thing I want to say is it's up to the user in regard to how they manage their own privacy, so if they throughout maintain a good privacy habit, they will hardly be traced.

[1] https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero
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May 29, 2022, 11:47:18 AM
 #12

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

IMO, I think the price is not that bad, for Monero but compared to other privacy-centric coins I don't know what was happening in them as I observe most of them are not moving in terms of prices, but it doesn't mean that the industry is not needed them, because the truth is we still need a privacy coin. Anyway, I suspect that the reason maybe was the government crackdown on privacy coins because they are giving them headaches coz until now, no one has been able to crack the Monero code. just my opinion!
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May 29, 2022, 04:15:44 PM
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 #13

You mistake market price with utility.

Monero is the only privacy coin actually being used for the purpose of privacy (or even anonymity),,, and it has been growing in network and users and merchants. Like Bitcoin has.

Monero will win in the end. All the other nonsense privacy coins have no utility.

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May 29, 2022, 09:10:01 PM
 #14

Privacy is certainly good and it is the central idea of cryptocurrencies, but the world and many states are not interested in anonymous coins, so they are not popular. The fight against anonymous coins has been going on for a long time, as far as I remember, back in 2018 many large exchanges, like Bittrex, delisted anonymous coins, thus narrowing their popularity and liquidity.

Most countries have long advocated legal and tax regulation of cryptocurrencies, and various states have promoted the idea of de-anonymizing wallets over a certain limit, with major exchanges cooperating with states. Do you think anonymous cryptocurrencies can develop well in such an atmosphere, when the whole world system is against them?

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May 29, 2022, 09:52:24 PM
 #15

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
Investors will likely ignore them and give no interest on those coins that won't give them profit. I don't wonder why this will happen, in fact, even in the past years, they don't make any hype that could gain attention.

Even for me, I'd rather invest in volatile coins even though the risk is too high knowing the fact that this becomes a reason why people make money from the market. Buy low and sell high...this is unlikely to happen in privacy coins.

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May 29, 2022, 10:20:33 PM
 #16

I think privacy coins fall into the category of security coins where it's really hard to get hype , its quite a long development even though its a very good project.
Security coins? What does that even mean?

Quote
Like Monero, which is currently the most popular privacy coin in my opinion, but it doesn't get enough hype to lift the price up so it just stagnates in price.
It's probably the only real privacy coin left in the market. The others kind of succumbed to the pressure from authorities and and exchange delistings.

The hype phase for Monero is long gone. It's only popular among the hardcores or the crypto OGs as others would call them. The new investors now are more like coming from traditional markets so privacy isn't their thing.


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May 30, 2022, 05:55:42 PM
 #17

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
I guess during a time when KYC came up and became such an important and big deal, we should not be shocked about the fact that people are moving towards not caring about privacy. There are some niche situations going on and there are some type of people who would like to use it, and that is why there is still some volume there, but it is not as great as it used to be.

Remember that bitcoin used to be something that people used for buying drugs in darknet, so it is not really that much of a shock that there were ton of people who used crypto that wanted to hide their identity. But nowadays crypto moved well beyond that, and became a financial asset.
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May 30, 2022, 06:26:50 PM
Merited by leea-1334 (1)
 #18

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
if you're looking at privacy coins as nothing more than an investment then you're off to a bad start in the your potential crypto investments. Privacy coins are not a pump-and-dump altcoin like 95% of the crypto market, the grand majority of people actually use them as a medium of exchange rather than an just hodl investment like eth or Btc

Monero will win in the end. All the other nonsense privacy coins have no utility.
amen to that

.
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May 31, 2022, 01:26:53 AM
 #19

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

People are not interested in privacy coins because they have nothing to hide. Governments are also requiring exchanges to comply with KYC/AML, so anything that cannot be traced (like privacy coins) will be rejected for good. There are a lot of bad actors (eg: governments and central banks) who don't want people to use privacy coins because it would give them true financial freedom. With the number of crypto regulations increasing by the day, it's possible privacy coins will no longer be traded on traditional centralized exchanges. That would mean a lower price per coin in terms of Fiat, due to reduced exposure on mainstream markets. I'm fine with that as long as privacy coins continue to work as intended. Just my thoughts Grin

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May 31, 2022, 02:55:51 AM
 #20

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

When everything seems going to be centralized they will gonna consider going back on buying XMR for this is their way to hide their assets. right now the regulations and the taxes implemented by governments in other countries are not that tough and the investors don't seem bothered by them. that's why they let their assets known to their government because they can handle the regulations. right now seems like they don't care about privacy coins which they will gonna need later if something goes wrong in the future with their centralized coins.

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May 31, 2022, 03:59:49 AM
 #21

For me I think the XMR is pretty stable compared to other coins I actually invest half of my current capital to XMR and see a good profit when I bough below $200 mark price though there is no updates or any hypes of the privacy coin but I think they are one of the good projects that have invented, right now NFTs, Memecoins and other hyped coins are the one that is on the news.


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May 31, 2022, 04:12:35 AM
 #22

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
Actually quite have the same thought and question. It seems the privacy coins are less popular than those defi products even though its much earlier than xmr birth.

Ive seen many projects grow especially on the defi and nft field but forgotten big projects related to privacy like xmr. It still alive but we cant actually feel it on the market. Plus some exchanges delisted them making them more out of place.

Decentralized people are overwhelmed by centralized approach leading them to shift use cases. Anyway, not a holder but curious myself too for some update on this project.

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May 31, 2022, 06:08:21 AM
 #23

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
if you're looking at privacy coins as nothing more than an investment then you're off to a bad start in the your potential crypto investments. Privacy coins are not a pump-and-dump altcoin like 95% of the crypto market, the grand majority of people actually use them as a medium of exchange rather than an just hodl investment like eth or Btc

Monero will win in the end. All the other nonsense privacy coins have no utility.
amen to that

I learnt it the hard way in 2016 and 2017,,, investing in a few ICOs that I actually spent time researching, spent time in community,,, even worse, spent my own time and resources to really encourage discussion and contributing to feedback for devs etc etc

Utility is what I realized mattered way more than anything else. White paper. Team dev. Token economics. All those are blablabla. If you have utility you have everything. That is what Monero has compared to all privacy coins.

I guess people have a lot to learn!

.
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June 12, 2022, 04:51:41 AM
 #24

Monero for me is the best privacy currency for me it will be the currency of the future, in fact I dare to say that if a big crash occurs the currencies that will survive will be BTC, ETH and Monero, and above all Monero is the currency that it has more history and that it is more similar in form to BTC, when observing the BTC and Monero chart we can realize that they have a great similarity and I dare to say that they have a very high correlation and this is a very good thing, because As time goes by, people will seek to be more anonymous in their transactions.

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June 12, 2022, 11:47:18 AM
 #25

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

I think that privacy coins are here to stay as they definitely serve a purpose. They are targets for criticism because obviously privacy coins are also often used in order to do payments for illegal stuff that no one should find out about, but that is not really the fault of the privacy coin projects itself in my opinion. Just because they offer possibilities does not mean that people should use them for illegal stuff.
Regarding the price performance of privacy coins. I would not worry to much to be honest. The crypto market is still a lot about the current trend and hypes and at the moment privacy coins are just not really in the focus of the broad crypto audience, but coins like Monero will never really disappear or become completely irrelevant in my opinion.
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June 12, 2022, 12:37:23 PM
 #26

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
It likely stands that people don't like them anymore (or maybe there are some but only just a few of them). And even before, these privacy coins aren't performing well, you don't wonder why as many other projects are worth investing in and somehow it was profitable compared to them.
Sooner or later, investors will no longer look into them, they might disregard them.

BTC vs Monero, I simply take BTC instead and rejected Monero. This is the reality now, people will choose those projects that could give them huge benefits.

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June 16, 2022, 01:05:10 AM
 #27

It likely stands that people don't like them anymore (or maybe there are some but only just a few of them). And even before, these privacy coins aren't performing well, you don't wonder why as many other projects are worth investing in and somehow it was profitable compared to them.
Sooner or later, investors will no longer look into them, they might disregard them.

BTC vs Monero, I simply take BTC instead and rejected Monero. This is the reality now, people will choose those projects that could give them huge benefits.

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion). People want convenience so they will avoid these complex cryptocurrencies as much as possible. With ever-increasing regulations in the crypto sector, it's likely privacy coins will be de-listed from all centralized exchanges. Those who still want to enjoy privacy will need to use a decentralized exchange, even if the same lacks liquidity and a great user experience.

At least, major privacy coins like Monero and Zcash haven't gone anywhere else. As long as decentralization and censorship-resistance emerges victorious, there should be nothing to worry about. Just my thoughts Grin

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June 16, 2022, 07:02:40 AM
 #28

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion).
But if they're using centralized exchanges and already submit their KYC, I don't think centralized exchanges will accuse them of using high illicit sources, they can track and ask the person if they feel suspicious activity. Also they can't hide tax evasion anymore since they can clearly see how much those coins worth or traded on their exchange. Many people isn't don't like them, but privacy coins isn't pump and dump coin since many people prefer pump and dump coin for instant profit.

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June 16, 2022, 07:36:36 AM
 #29

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion).
But if they're using centralized exchanges and already submit their KYC, I don't think centralized exchanges will accuse them of using high illicit sources, they can track and ask the person if they feel suspicious activity. Also they can't hide tax evasion anymore since they can clearly see how much those coins worth or traded on their exchange. Many people isn't don't like them, but privacy coins isn't pump and dump coin since many people prefer pump and dump coin for instant profit.
I see how people invest in it or use it, but it has no obvious relevance here either. As you might think, it will also bring quick profits, but the truth is that it is not something that is easy to pump if there is no volatility. We all think about it in terms of its applicability in trading. tax evasion or other shady transactions. I am not a very negative person when looking at a product that I am using myself. I have not seen all the things that it brings. Maybe it is not suitable for the current context. this school. However, it is also a part of this space where many parties are exploring more beneficial uses.

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June 16, 2022, 07:38:14 AM
 #30

Privacy coins I think they are similar to security coins. Security-type coins are really hard to hype as far as I'm concerned they can only survive in any bear or bull market conditions. They only focus on developing their ecosystem without paying attention to the price, they care about the security and privacy of their platform. But I think this type of coin is very suitable for mining and long term like XMR.

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June 16, 2022, 08:35:59 AM
 #31

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
It's not that they are not interested in Monero, you can see that the average Altcoin is currently experiencing a decline, not only XMR, ETH and BNB also have no traction in the market.

Monero is a good project decent decentralization, maybe it's not time for XMR to stand out, after hitting the price of $500 years ago, it's actually a good opportunity if you want to invest in Monero long term.

BTC
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June 16, 2022, 08:50:25 AM
 #32

Investing in privacy coins is a very risky business. If these coins are delisted from the exchanges, then their price will fall. It is better to invest in bitcoin because it can be sent anonymously or invested in new ecosystem projects related to games or NFT markets.

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June 16, 2022, 09:15:06 AM
 #33

The market is in a constant Flux. Innovations are coming left, right and center, so it's difficult to have a coin that would always be in demand. We had the privacy coin making waves few years ago, but that's over. We've also had the season of deflationary tokens and those ones are off the market, also. The season of Decentralized finance and NFT's would soon pass and the market keeps moving.
My point is that, it would be unnecessary to get so attached to any altcoin because they're short lived, the best approach is to store value for long term hold only in bitcoin.
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June 16, 2022, 10:26:55 AM
 #34

The market is in a constant Flux. Innovations are coming left, right and center, so it's difficult to have a coin that would always be in demand. We had the privacy coin making waves few years ago, but that's over. We've also had the season of deflationary tokens and those ones are off the market, also. The season of Decentralized finance and NFT's would soon pass and the market keeps moving.
My point is that, it would be unnecessary to get so attached to any altcoin because they're short lived, the best approach is to store value for long term hold only in bitcoin.
The DeFi and NFT season is just getting started. When metaverses appear, where it will be interesting to spend time and inexpensive suits for virtual reality appear, this will greatly increase the popularity of cryptocurrencies. If you are investing in DASH, Litecoin or Monero, then it is better to choose Bitcoin. But if you are investing in new projects, it is better to study Flow.

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June 18, 2022, 12:56:55 AM
 #35

Investing in privacy coins is a very risky business. If these coins are delisted from the exchanges, then their price will fall. It is better to invest in bitcoin because it can be sent anonymously or invested in new ecosystem projects related to games or NFT markets.

Agree. Privacy coins are more like a utility than a long-term investment. People who get into these kinds of coins must understand the long-term risks of exchange de-listing and a full government ban due to strict KYC/AML requirements. Monero may be a great privacy coin, but chances that it will rise all the way to the moon are very slim. It's a good thing we have decentralized exchanges and atomic swaps or we would've been doomed by now. You can always exchange BTC to XMR or any other privacy coin without the need to provide personally-identifiable documents. That's the beauty of decentralization and open source tech.

Governments may never be able to shut down privacy coins, but they will be able to force centralized to stop as much people as possible from getting access to them. There are developers working hard to ensure Blockchain tech stays private and free for anyone to use worldwide, so it's unlikely privacy-oriented cryptocurrencies will go away anytime soon. Just my thoughts Grin

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June 18, 2022, 01:02:39 PM
 #36

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

XMR is also one of the coins that investors are interested in, we can see this based on the position obtained in CMC. We can not take it lightly with that position. Likewise with the daily trading volume. However, if we compare it with Ether and BNB, of course, XMR coins are not competitive on the exchange. BNB has the world's number one exchange for driving up the price of the coin, while Ether has the world's number one smart contract.
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June 18, 2022, 05:29:23 PM
 #37

Since XMR was a privacy coin, more and more exchanges halted XMR trading. It isn't worth the hassle when the government investigates the exchange because XMR was linked to some dirty money laundering. Same with many privacy coins out there, becoming obscure and delist from centralized exchanges.
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June 20, 2022, 12:10:03 AM
 #38

Since XMR was a privacy coin, more and more exchanges halted XMR trading. It isn't worth the hassle when the government investigates the exchange because XMR was linked to some dirty money laundering. Same with many privacy coins out there, becoming obscure and delist from centralized exchanges.

You can easily get flagged when trading privacy coins at an exchange. That's because governments quickly link the use of such coins to illegal activities including (but not limited to): money laundering and tax evasion. We should expect more exchanges to de-list Monero and other privacy coins as KYC/AML regulations are enforced.

As I've said before, the only way to get access to privacy coins would be through decentralized exchanges or in-person. Things would've been much worse for privacy coins if they were centralized. Decentralization must prevail for privacy coins to survive. As long as decentralization wins, governments will have a hard time trying to destroy privacy coins in their entirety. Who knows what the future holds for our privacy and anonymity as a whole? Just my opinion Smiley

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June 20, 2022, 01:48:05 PM
 #39

Between 2017-2018, privacy-focused crypto projects were very popular.

Now, privacy-oriented projects such as Monero and dash are obsolete.

I do not invest in privacy-focused crypto projects.
1.) They can be greatly affected by possible regulations. They can be de-listed.
2.) It's an old trend.. People don't get excited about the same things again...
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June 20, 2022, 03:01:34 PM
 #40

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.
A lot of people moved on from Monero to other private projects like Incognito Chain and 0xMonero. Besides, any L1 chain can have privacy if there is a mixer dapp.
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June 20, 2022, 05:22:17 PM
 #41

The XMR coin value its privacy but by doing that, it associated itself with criminal activity. This made exchanges didn't dare to list it or people shy away from holding it since it could be a honey trap or their fund can be frozen. It's pretty sad to see how XMR and privacy coins become like this.
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June 21, 2022, 11:44:02 PM
 #42

Between 2017-2018, privacy-focused crypto projects were very popular.

Now, privacy-oriented projects such as Monero and dash are obsolete.

I do not invest in privacy-focused crypto projects.
1.) They can be greatly affected by possible regulations. They can be de-listed.
2.) It's an old trend.. People don't get excited about the same things again...

I guess people don't care about their privacy anymore because they have nothing to hide. But you can bet that once governments tighten their surveillance efforts, privacy-oriented cryptocurrencies will become a necessity to everyday people. Centralized exchanges may de-list such coins, but it will always be possible to trade them through other means. I'd envision a future where privacy coins will become the minority, as VCs and other investors pour money into ordinary cryptocurrency projects. I'm fine with that as long as people have a choice. With decentralization put at the forefront of most privacy coins, I believe they will last a lifetime. Just my thoughts Grin

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June 22, 2022, 02:36:47 AM
 #43

The XMR coin value its privacy but by doing that, it associated itself with criminal activity. This made exchanges didn't dare to list it or people shy away from holding it since it could be a honey trap or their fund can be frozen. It's pretty sad to see how XMR and privacy coins become like this.

That's why so far the community has been very careful and guarded against the XMR coin which is very private so that things we don't want don't happen.
But how long will XMR's fate continue like that?

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June 22, 2022, 02:16:05 PM
 #44

Well, i guess not everyone interested on privacy coin. Most people even want to show that they own a crypto.
About XMR, maybe it less popular because the coin algo has turned into random x algo which is more profitable if we mine with CPU.
I remember when it still use cryptonight, i was mining XMR coin and the global hash rate is very good, there were many miners mining the coin.

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