The future of privacy coin is not looking good

[cryptoperkele]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

Funny enough people don't seem to realize that if they can come for privacy coins, they can come for every coin out there. All they need is an excuse for not being regulatory friendly enough. And their main concern in this isn't privacy, confidential transactions can be build to be regulatory friendly too, currently they aren't build for that though.

[serjent05]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

Regulation really gives privacy coins a hard time in terms of adoption.  The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money.  Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency.  This greatly affect the adoption and promulgation of the privacy coin.

[Sarah Azhari]

Some privacy coins we can't rely on, especially since they are always under government monitoring if the price can change to the highest value, but currently some investors keep a lot of these coins because they believe the future of privacy coins is indeed very promising so it is very likely that we can reap huge profits in the future, so this all depends on our respective beliefs.

I will choose with a big volume market if I have to, so if while out there have a coin with enough privacy such as bitcoin taproot, I will keep hold it until the decision. In every place, the government always take advantage, there's no place to hide from them.

[Silberman]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

Regulation really gives privacy coins a hard time in terms of adoption.  The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money.  Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency.  This greatly affect the adoption and promulgation of the privacy coin.

Governments do not even like bitcoin so it was just a matter of time until they decided to go against privacy coins, but even if those coins are not good anymore as an investment option they are in fact very good at their particular use case, which means that despite all the movements the governments have made against those coins those which put their privacy above all can still use those coins to make their purchases and to keep their identities hidden and protect their privacy that way.

[BuNga_cute]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

Regulation really gives privacy coins a hard time in terms of adoption.  The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money.  Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency.  This greatly affect the adoption and promulgation of the privacy coin.

Basically many people really like something that can maintain their privacy in any case. Including when someone makes financial transactions
if privacy can be maintained, they will feel more secure and comfortable. That's what finally created a crypto asset in the form of a privacy coin,
which is better able to disguise information, and that makes many crypto communities use privacy coins to carry out financial transactions.
So it's not surprising that some privacy coins are finally pumped up, because of the high demand for privacy coins. But many criminals abuse
privacy coins to make it difficult for the police. So the government finally tried to ban the use of privacy coins on several centralized exchanges,
which makes the demand for privacy coins decrease and finally now privacy coins are no longer profitable for investment. So the future of
privacy coins does not look good, and if anyone is planning to invest in coins privacy, think again, it will only cost us money.

[Jaksjol675]

It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy. For now, though, it pays to keep a close eye on regulatory developments in Washington, D.C. Cryptocurrencies have always been subject to regulatory risk, and that is something that you should particularly keep in mind if you decide to invest in privacy coins.

[serjent05]

It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy. For now, though, it pays to keep a close eye on regulatory developments in Washington, D.C. Cryptocurrencies have always been subject to regulatory risk, and that is something that you should particularly keep in mind if you decide to invest in privacy coins.

I agree that it is somehow risky to invest in privacy coins since governments are frowning against them.  So better avoid investing in them since we never know when will the government make a full-throttle of privacy coin clean up.  We have seen not long ago that the government had already acted on the privacy coins listed on different exchanges forcing these exchanges to delist several privacy coins.

[CuriousGeorge]

looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.

Lack of utilities have become the main reason by the community why they were rejecting to use the privacy coin instead of ordinary coin in the market. The smartcontract protocol is more benefit for users rather than using the privacy protocol which was only focusing with privacy but lack of usability. People are so smart and they didn't wanna wasting their money into the something that doesn't have future

[Silberman]

looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.

Lack of utilities have become the main reason by the community why they were rejecting to use the privacy coin instead of ordinary coin in the market. The smartcontract protocol is more benefit for users rather than using the privacy protocol which was only focusing with privacy but lack of usability. People are so smart and they didn't wanna wasting their money into the something that doesn't have future

Privacy coins are useful what happens is that not many people have the absolute need to get such a high level of privacy, and when we add that governments are going hard against them then it is not wonder why they are not as popular as they were once, however you can be sure that if governments get even more authoritative than right now then the popularity of privacy cons will go up again as people do their best to resist the censorship coming from their governments.