Shiba Inu turns into privacy coin like Monero or ZCash?

[Marvinnous]

Very soon they will launch their blockchain. The price has gone up 25% in the last week. I think that closer to the launch of the blockchain, the price will rise a little bit more. But after the news comes out, the price will definitely correct.

WHAT ARE U SPEAKING OF? As the last thing we mentioned was anonymous withdrawal and you seem to miss the topic of discussion.

[Wahyuihib]

anything can happen to the problem of increasing the price in a coin.  but remember, it all depends on how big the demand for this coin will be

[gunhell16]

Coin memes don't have any utility and they don't even have a roadmap like a typical utility project. in other words there are no plans or innovations worth waiting for. What made Shiba become as popular as it is now is not the utility but the hype. maybe this news was created by a group of shiba lovers to increase the shiba hype and beat the elon backed doge 

What you said is that I do not agree with you because like Shiba inu it is a meme coin but it has a utility like shibaswap where you can stake Shib and the rewards you get are still bones under Shiba inu .

And on top of that, there is also a shiboshi for its NFTs and the last one is Shiba inu metaverse and Shibarium for your information and maybe you are not aware of the things I mentioned. Yes it is true that Shiba Inu is not a utility instead it is a native token.

[s.tanishka]

Have you even factored in SHIBA inflation, how many more coins do we have in circulation each year. I ask because I'm wondering if we'll see a price above the previous ATH given that the circulatioin suply will increase a lot.

[masulum]

What you said is that I do not agree with you because like Shiba inu it is a meme coin but it has a utility like shibaswap where you can stake Shib and the rewards you get are still bones under Shiba inu .
-snip-

Shiba Inu is one step closer to become one of potential project, maybe the SHIB token will not be an expensive token for now, but we must remember, the supply of SHIB continues to decrease from time to time due to burning. Additionally with Shibarium the ecosystem will have a clearer future than any other memetokens. Shiba launched BONE which will be used as currency to pay for gas in the Shibarium ecosystem. Apart from SHIB & BONE, it is possible that Shiba will launch a TREAT token, still don't know this token will be used for. Look like Shiba will be more interesting after Shibarium mainnet release.

[Abiky]

I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.

Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.

I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts

[yazher]

Shiba Inu is one step closer to become one of potential project, maybe the SHIB token will not be an expensive token for now, but we must remember, the supply of SHIB continues to decrease from time to time due to burning. Additionally with Shibarium the ecosystem will have a clearer future than any other memetokens. Shiba launched BONE which will be used as currency to pay for gas in the Shibarium ecosystem. Apart from SHIB & BONE, it is possible that Shiba will launch a TREAT token, still don't know this token will be used for. Look like Shiba will be more interesting after Shibarium mainnet release.

Looks like they are not actually just joking here because they are doing something new and keep developing their project unlike other competitors after they created some meme coins that actually have no real working road maps, they didn't follow it up to make their investors hype with their working ideas. One of the things to trust in a project is when they make it real whatever they said about in their roadmaps especially those that are partner with the big companies and they won't just let others innovate in the crypto industry rather they also make something new such a this Shiba's new offer to their investors which will be some kind of good investment as well.

[s.tanishka]

Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.

[rojan]

If it's true that the latest update will bring Shiba Inu like that, it will change the Shiba Inu from being a meme coin to a privacy coin which is better and clearer on purpose. Because compared to being a meme coin that only relies on pumping, it would be better for Shiba Inu to be a privacy coin that can be used by people for faster and anonymous transactions globally.

I have no idea how the Shiba Inu coin will fare in the future but I hope that it will be in a good position one day. If anyone plays with it, they will have to wait a long time because no one knows exactly how many years this coin will go up in price.  .But anyone can invest in it if they want to.I sometimes think of investing but I refrain from investing when I wonder when it will increase in price.Shiba Inu Coin is now being bought by almost everyone and may be good in the future.  by thinking

[Tipstar]

Shiba Inu was first a success and its roadmap was later made. The first thing they announced was a dapp and which introduced further tokens based on Shiba itself. Though the coins cashed on with the popularity of Shiba Inu, the dapp was and is a failure. Now they are trying every possible way to keep the token in trend and hope for a rise so that a lot of the large holders could get off their coin on profit. Most of the meme tokens are one time thing. A new meme would take over an old one.

[Abiky]

Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.

This tells us SHIBA is nothing but pure hype. If developers actually cared about it, we would've had a smooth launch of its own L2 network (called Shibarium). I don't think SHIBA will get privacy features, especially when privacy-oriented cryptocurrencies are highly-unpopular these days. Governments will be on developers' "tails" if they do this. There are other important things to take care of, besides privacy.

Why not start by burning the number of coins in circulation? By making SHIBA scarce and deflationary, market prices could soar all the way above $0.01. Of course, it's not only the price that matters. The token must be useful for it to stand the test of time. Without any real use cases, why would I invest into SHIBA in the first place? There are far better alternatives with a proven track record of development and innovation. Who knows if Shiba Inu becomes history soon? Just my opinion

[s.tanishka]

Here's a look at the meme token's own blockchain. They have worked so long to create their own blockchain, have such a big budget and such a large fan base, and end up failing at the blockchain launch stage. And the fact that it will become private is not even in the news.

This tells us SHIBA is nothing but pure hype. If developers actually cared about it, we would've had a smooth launch of its own L2 network (called Shibarium). I don't think SHIBA will get privacy features, especially when privacy-oriented cryptocurrencies are highly-unpopular these days. Governments will be on developers' "tails" if they do this. There are other important things to take care of, besides privacy.

Why not start by burning the number of coins in circulation? By making SHIBA scarce and deflationary, market prices could soar all the way above $0.01. Of course, it's not only the price that matters. The token must be useful for it to stand the test of time. Without any real use cases, why would I invest into SHIBA in the first place? There are far better alternatives with a proven track record of development and innovation. Who knows if Shiba Inu becomes history soon? Just my opinion

It always seems to us that the easiest option would be if some project just burned most of the issue as was the case with the TWT token. The price would immediately increase several times. But unfortunately this is a very rare case. So here SHIB holders can only hope that in the next cycle the whales will still make a pump

[Marvinnous]

Shiba Inu was first a success and its roadmap was later made. The first thing they announced was a dapp and which introduced further tokens based on Shiba itself. Though the coins cashed on with the popularity of Shiba Inu, the dapp was and is a failure. Now they are trying every possible way to keep the token in trend and hope for a rise so that a lot of the large holders could get off their coin on profit. Most of the meme tokens are one time thing. A new meme would take over an old one.

And have you thought why they became meme tokens? Not all of them were created like that. And how can we blame them if it just turned out to be like that. While its creators don't even have so much money for its further development.

[Blitzboy]

I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.

Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.

I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts

Even though its nice to think that everyone would pay taxes out of the goodness of their hearts; we havent reached that ideal yet. Realistically, a lot of people could be drawn to anything that could save them a few bucks, taxes or no taxes. History has shown us again and again that when people have a chance, they will take it, no matter what the law says.

Now, lets talk about Shiba Inu, which some people jokeily call the "Dogecoin killer." Using a fake name has its benefits, especially in the social and political climate of today. But here's an example of "gobbledygook": What if Shiba Inu tokens werent just fake names, but also had layers of security based on quantum entanglement? A silly and rather nonsensical idea, maybe, but one that makes you think.

But I have to say that I admire your trust in how the group makes decisions. The group mind does sometimes catch us by surprise, doesnt it?

[s.tanishka]

Has anyone used the new shiba inu blockchain yet? After the news of its creation, nothing more has been heard about it.

[Marvinnous]

As I know Shiba Inu Tokens are recorded on the Ethereum blockchain, not on its own one.. All these news seem to be just rumors, isn't it? If I'm mistaken, please share the link where I can find the up-to-date info.

[Godday]

As I know Shiba Inu Tokens are recorded on the Ethereum blockchain, not on its own one.. All these news seem to be just rumors, isn't it? If I'm mistaken, please share the link where I can find the up-to-date info.

This is a link that discusses Shibarium: Shibarium Release Date Update and What Traders Can Expect. It stated that the L-2 Shibarium network had been launched last August. But because I don't have SHIB tokens so I can't confirm the truth of this. I did a little research and found out that there are indeed plans to launch an L-2 network on SHIBA tokens.

[hoalw92jmnj]

The important thing is who is the main responsible person for the project, who is investing, and what makes the project stand out compared to competitors? Its market capitalization has become too large, and you cannot invest in it long-term with hopes of high profits.

[dain28hf8]

It cannot increase in price much more; Shiba Inu (SHIB) is not a good investment choice. I'm pretty sure the market pumped it up, but not excessively. There will definitely be a lot of good news about it, but mainly to sell tokens; it won't be able to withstand the next uptrend season.

[s.tanishka]

As I know Shiba Inu Tokens are recorded on the Ethereum blockchain, not on its own one.. All these news seem to be just rumors, isn't it? If I'm mistaken, please share the link where I can find the up-to-date info.

This is a link that discusses Shibarium: Shibarium Release Date Update and What Traders Can Expect. It stated that the L-2 Shibarium network had been launched last August. But because I don't have SHIB tokens so I can't confirm the truth of this. I did a little research and found out that there are indeed plans to launch an L-2 network on SHIBA tokens.

Does their blockchain have anything to do with Astar Network? I ask this because there is a section on the Astar website called Shibarium