Shiba Inu turns into privacy coin like Monero or ZCash?

[Marvinnous]

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.

and what if the projects' developers team is anonymous? Then it's not worth even trying? Sometimes it's a must in order not to be shut down by the govs. And to provide full anonymity to the users.

[RussianEnglishTranslation]

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

[s.tanishka]

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

These are as meaningless questions as the very existence of the shiba inu. Just memes trying to make more money off hamsters. They make up excuses to appear more serious and not be forgotten. So much for the answer to your question.

[Marvinnous]

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

Then I can also say why do we need any other coin than Bitcoin? What do they offer that is different or better? It has the highest price ampng all the crypto and has proven it's not a scam. So why should we choose anything else?

[s.tanishka]

Like the whole market SHIBA is not showing anything right now! Very interesting on the next bull cycle whether we will have a new pump or SHIBA will not get such popularity ever again

[Biznesmen]

According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

• The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
• The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
  

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
   

I have no idea how Shiba Inu turns into privacy coins like Monero and Zcash, but I am one hundred percent sure that Shiba Inu has many admirers even now. Even though it's a meme coin, many people still hold it and have faith in it. And they believe it will be their treasure one day. One of my friends once said, It's a meme coin. Meme coin trading is similar to gambling; it might go up or down. But if you are investing based on value, you can be sure that if things work out and the crypto project is providing value to the world, its price will definitely increase (tokenomics also have to be good). The latest updates about this coin is, Shinu Inu team members announced an important update, stating that the minting of bone was almost complete. This phase is an essential one in renouncing the bone contract. Last year, the community decided to halt all bone farming to save and secure the remaining 20 million for shiberium validators. So let's just wait and see.

[coinerer]

According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

• The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
• The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
  

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
   

The SHIBA INU gained a lot of popularity in Elon Musk's short time with you and they have managed to maintain their popularity.  So it's not unusual for them to do this for their future development.  But if they reduce their supply it will look better and attract more attention from investors. Shib is disliked by many for its heavy supply.  So I think it would be a good move to make their coin a privacy coin as well as reduce its supply. They have done very well in the market and are expected to do better in the future if they adopt more innovative strategies to catch the attention of more investors.

[Marvinnous]

The SHIBA INU gained a lot of popularity in Elon Musk's short time with you and they have managed to maintain their popularity.  So it's not unusual for them to do this for their future development.  But if they reduce their supply it will look better and attract more attention from investors. Shib is disliked by many for its heavy supply.  So I think it would be a good move to make their coin a privacy coin as well as reduce its supply. They have done very well in the market and are expected to do better in the future if they adopt more innovative strategies to catch the attention of more investors.

And can you please explain how it is possible to reduce a supply of any coin? I think that the bigger supply is - the more trust is for the coin. But no rules work for the meme coins, certainly.

[s.tanishka]

Recently a telegram channel admin's account was hacked and a fake airdrop link was posted. So SHIBA needs to better train its employees in cybersecurity

[iv4n]

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

They say that competition is healthy... that's how we break limitations, the desire for constant improvements and progress. And it's good to have an alternative, not to rely only on "one thing".

As for the Shiba Inu and the transition to private money, I haven't noticed that there is much talk about it. Maybe it's just marketing testing for now, polling the public and all that. We have been talking about private coins for years, and many think that they are the future, but for now, they are still far from popular in the "real world", people outside of crypto still don't know much about them. Many people outside crypto are still struggling to understand Bitcoin.

[Marvinnous]

Recently a telegram channel admin's account was hacked and a fake airdrop link was posted. So SHIBA needs to better train its employees in cybersecurity

And what it turned into? As I know in order to participate in the airdrop you don't have to spend any money. So what was the loss of people following that fake link?

[s.tanishka]

Why would we need shiba to be private when we already have Monero and 0xMonero? What do they offer that is different or better?

They say that competition is healthy... that's how we break limitations, the desire for constant improvements and progress. And it's good to have an alternative, not to rely only on "one thing".

As for the Shiba Inu and the transition to private money, I haven't noticed that there is much talk about it. Maybe it's just marketing testing for now, polling the public and all that. We have been talking about private coins for years, and many think that they are the future, but for now, they are still far from popular in the "real world", people outside of crypto still don't know much about them. Many people outside crypto are still struggling to understand Bitcoin.

Many people still can't understand what bitcoin is and how it works, and instead of learning about it in detail, they buy altcoins they know nothing about. Worst of all, they just trust the first blogger they see and make purchases based on his recommendation.

[Marvinnous]

Many people still can't understand what bitcoin is and how it works, and instead of learning about it in detail, they buy altcoins they know nothing about. Worst of all, they just trust the first blogger they see and make purchases based on his recommendation.

This is how the story goes - this blogger will get money for that, and that investor will most probably lose or will hold the coin that will stuck on one point. Anyway, Bitcoin is not the best for investing if you're not a billionaire You have to invest in other coins also, that's a usual trading practice.

[s.tanishka]

If you are not a millionaire, you should definitely invest in altcoins. Only on them you can earn 100 times more. That is, investing even 1000 dollars, you can coolly change your life. But the main thing is to choose the altcoin that will show such growth. Otherwise, your 1000 dollars will turn into 1 dollar

[AlyattesLydia]

If you are not a millionaire, you should definitely invest in altcoins. Only on them you can earn 100 times more. That is, investing even 1000 dollars, you can coolly change your life. But the main thing is to choose the altcoin that will show such growth. Otherwise, your 1000 dollars will turn into 1 dollar

This is very general comment, it asks about shiba and its future.

All I know, shiba is just meme coin. They might want to be useful coin. At least, it have use for something. No matter it does never buy it.