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Author Topic: What happened to XMR and other privacy coins  (Read 399 times)
kensaii
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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.
Abiky
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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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Ojengonggu
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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?

SistaFista
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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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