Shiba Inu turns into privacy coin like Monero or ZCash?

[Ngemmeng]

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 

[Marvinnous]

It can be like that also. But I think you're wrong telling that all the meme coins have no roadmap. Most of them are scam for sure, but I think that some were created trying to get attention on some actual meme and hoping it will work well enough. On the whole, it's such a complex thing that I still don't quite understand.

[s.tanishka]

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 

In fact memcoins have an important purpose! These memcoins are supposed to make their creators rich! ) Everything here is based only on market makers who can inflate the price of the token to the sky

[Abiky]

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts

[s.tanishka]

Have you considered that all memcoins could have the same creator? The creators of Shiba could also create Pepe and capitalize on it. They have a lot of experience and it is very easy for them. And here I was thinking that it makes no sense to buy old meme coins! At any time they could completely stop supporting their old memcoin and just create a new one to make even more money!

[fzkto]

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts

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.

[Sovannar Sangha]

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 

Yes. the community hype and ripple is what matters the most there. if you buy meme coins that's okay too. but saving it for the next 3 years just feels good. I remember my friend buying DOGE which used to cost like a meme coin but now it's good. Will the Shiba Inu follow in Doge's footsteps?

[cogsmachine]

COGSmachine stack can turn any digital asset or NFT into a bound token  (BT) .
  
Then you can privately exchange assets like this shown in this video of selling  a CQDN, BT, and SSL Cert over private networks.  see:
https://twitter.com/COGSmachine/status/1656072890242957314?s=20


Note that anything can be included in the transaction e.g. contracts, code, deeds, digital media, etc.

Thousands of years of history proof that Buying and selling is a private common law contract.   See Bill of Rights 7th Amendment and Article I Section X US Constitution (no state may impair the obligation of contract) .  

[cogsmachine]

In fact if they had serious problems with regulators, they would not be traded on centralized exchanges. It would only be possible to buy confidential coins on a decentralized exchange. We heard many times already that all anonymous coins will be banned soon. But as we see they are still available for use.

They're still available for trading, but that doesn't mean it's going to be that way forever. After all, regulators don't like something that goes against KYC and AML laws. Slowly but surely, exchanges are distancing themselves from privacy coins such as Monero and Zcash. Even mainstream investors are pouring their money elsewhere. These days it's all about NFTs, "meme" coins, the metaverse, and AI. You don't see any new privacy-oriented crypto projects anymore.

Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. Why would Shiba Inu turn into a privacy coin when it could face pressure from the regulators? The "meme" coin is fine just the way it is. If developers still push the "privacy agenda", they will make it optional instead of mandatory for users of the coin. That is to keep everyone happy. We'll see how everything will turn out to be in the long run, especially when competition is pretty stiff in the crypto/Blockchain space. Who knows if SHIBA won't last for long? Just my thoughts

This is a brief description of COGSmachine platform  https://bitcointalk.org/index.php?topic=5460271.0 

"You don't see any new privacy-oriented crypto projects anymore.  Gone are the days where developers actually cared about users' privacy. Now it's all about making as much money as possible while keeping mainstream governments happy. " 

"Project premise
Web 3 services are vended. A COG is a Web 3 vending machine that exchanges services for Tokens.   

Overview and Ethos
 The COGSmachine community of developers created the COGSmachine platform without VC funding. COGSmachine is a network of humans and synthetics building technology for the betterment and advancement of society.

Description
A COG is a single machine that run COGSmachine software and communicates with other machines using $COGS tokens. Networked COG(s) communicating with one another speaking the $COGS protocol comprise a COGSmachine. "

This is a brief description of COGSmachine platform  https://bitcointalk.org/index.php?topic=5460271.0 

[fmz89]

if shib move to anon which is bad in many countries just like shooting their foot, monero has demand on black market from many years ago
the adoption is truly be there, zcash in otherwise fadding like nobody these day talking about zcash, the tech already implemented in may cases/coin
did shib following dogecoindark ?, the doge on dark movement 

[Marvinnous]

Yes. the community hype and ripple is what matters the most there. if you buy meme coins that's okay too. but saving it for the next 3 years just feels good. I remember my friend buying DOGE which used to cost like a meme coin but now it's good. Will the Shiba Inu follow in Doge's footsteps?

I don't really understand how the price is forming. Do the coin launchers manipulate it somehow or that only depends on the number of investments and withdrawals..

[bitgolden]

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.

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

[timoshani]

It remarkably seems that Shiba Inu can become a private coin in the likeness of Monero. There is a plus to such a moment. For example, the price may increase significantly. Also, Shiba Inu can be used for financial relations in specific activities. But the downside is decreased interest in the token in the first stages of transformation.

[tygeade]

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

That is the right thing to do, and that is how the world turns. There will always be some people who will think individually, they will think "I shouldn't pay taxes and find loopholes to avoid it" even when they know that government has to sustain to keep them alive as well, they just think others would pay their fair share of taxes, or they just think there are other people who do not pay full of their taxes so why they should and these type of thinking causes a lot of people to try to avoid their crypto taxes as well.

If you traded and if you made some profit then you should pay the taxes of that if the country wants it, if they still figured that out then you are lucky but if they come asking for it then you should be paying.

[s.tanishka]

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

That is the right thing to do, and that is how the world turns. There will always be some people who will think individually, they will think "I shouldn't pay taxes and find loopholes to avoid it" even when they know that government has to sustain to keep them alive as well, they just think others would pay their fair share of taxes, or they just think there are other people who do not pay full of their taxes so why they should and these type of thinking causes a lot of people to try to avoid their crypto taxes as well.

If you traded and if you made some profit then you should pay the taxes of that if the country wants it, if they still figured that out then you are lucky but if they come asking for it then you should be paying.

Talking about taxes is always ambiguous and can lead to many disputes. Each person has his or her own point of view on this issue. But I have realized one thing over the years: it is better to pay taxes and sleep well! When there is a law in my country that will allow me to pay taxes on cryptocurrency profits I will simply pay them and not worry about my property being seized.

[kamvreto]

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

That is the right thing to do, and that is how the world turns. There will always be some people who will think individually, they will think "I shouldn't pay taxes and find loopholes to avoid it" even when they know that government has to sustain to keep them alive as well, they just think others would pay their fair share of taxes, or they just think there are other people who do not pay full of their taxes so why they should and these type of thinking causes a lot of people to try to avoid their crypto taxes as well.

If you traded and if you made some profit then you should pay the taxes of that if the country wants it, if they still figured that out then you are lucky but if they come asking for it then you should be paying.

Talking about taxes is always ambiguous and can lead to many disputes. Each person has his or her own point of view on this issue. But I have realized one thing over the years: it is better to pay taxes and sleep well! When there is a law in my country that will allow me to pay taxes on cryptocurrency profits I will simply pay them and not worry about my property being seized.

it happens if you are detected as an active crypto user with many assets. But if you are undetected there is nothing to worry about your property. Maybe the rules in each country are different, but the government won't know you as a crypto user if you don't tell your personal wallet. Stay anonymous and enjoy your crypto assets. The government just wants to blackmail anyone with crypto taxes. Even if you use a local centralized exchange in your country, they already deduct taxes from your transactions. then what are you worried about?

[fzkto]

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.

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

I always thought cryptocurrencies gave people freedom, at least financial independence. And you're voluntarily giving that information to the government. That's very strange to me. Personally, I don't want anyone else to know anything about my finances, at least in cryptocurrency. And I won't tell anyone about my transactions.

[s.tanishka]

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.

I already give all of my transactions and trades and movements to my government, with my information, and pay my taxes on that. I am not sure why that would be a bad thing at all.

I understand why people wouldn't want to pay taxes to their government, but without you paying your government, then the world would be in chaos and it would be naive to think that they use all of your tax money on you, of course they steal, they are politicians, that's their job but they also spend some on keeping the nation going, so even though we hate our governments, we still have to pay our taxes to keep the nation going, and if we don't and they bankrupt because of it, we will be the ones that bankrupting because of it, that's not a good alternative.

I always thought cryptocurrencies gave people freedom, at least financial independence. And you're voluntarily giving that information to the government. That's very strange to me. Personally, I don't want anyone else to know anything about my finances, at least in cryptocurrency. And I won't tell anyone about my transactions.

Maybe you can tell us how you want to hide all transactions? Of course you can do it, but not every country can do it? Where in European countries can you anonymously exchange cryptocurrency for cash?

[Marvinnous]

Maybe you can tell us how you want to hide all transactions? Of course you can do it, but not every country can do it? Where in European countries can you anonymously exchange cryptocurrency for cash?

And what about crypto ATMs? As I know all you have to enter is your address or scan the QR code with your wallet app. And if the wallet is no KYC then it seems that you get cash anonymously, no?

[s.tanishka]

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.