Privacy in crypto

[Cloutgod]

Anybody paying attention to the privacy narrative in crypto?

[noorman0]

Privacy is truly a timeless narrative, but only those who understand the security risks truly pay attention to it. Perhaps once, privacy was the selling point of crypto. As the industry's scalability expanded and governments increasingly took over security roles, privacy coins became disruptive.

Privacy isn't mainstream these days, and in fact, the majority of users don't truly care about privacy. They claim to care, but they use KYC, CEX, and (most ridiculously) post their wallets at prize events on X.

[Dunamisx]

Anybody paying attention to the privacy narrative in crypto?

The ball is left in our court to decide on how to go about it, since we are all in control of our coins, we are therefore expected to learn to know how and by which means we can generate the best approach to maintain privacy and make the difference to the traditional system, it does not sound well for us to be in crypto and still lacks behind on getting privacy for our own personal self.

[blockman]

Anybody paying attention to the privacy narrative in crypto?

Yes, they're still in the trend and despite that in the past years they were chased by the regulators and have been delisted for so many exchanges everywhere. It looks that the majority of the community never forgotten them and the pump that has happened recently with monero gives the idea that they're never out of the narrative for this bull run that we are in. So, with that attention that everyone is giving to the privacy coins. What are you up to? do you plan to buy the most popular ones? because if you're interested in the entirety of it, not all of the privacy coins are getting the attention that the main and big ones get.

[Baki202]

There are several reasons attached to why people want to really take privacy seriously, and it is attached to the system of cryptocurrency as a whole, and for a lot of reasons, people have held on to that culture of not disclosing anything about themselves, and it is very important for everyone to hold on to that norm because for even a few reasons, you need to keep yourself safe as an investor, and that is why you don't see traders or holders talking about what they are holding or what they have that is because of security reasons.

They take their security very seriously because people are crazy, and you don't know the kind of mindset they have in doing certain things, and some don't know that they are only putting themselves at risk, and all because they just want to brag about how much they are holding and many more things that are not important, and people need to learn to keep their mouths shut. And from the look of things, some people need to learn the hard way

[Josefjix]

Anybody paying attention to the privacy narrative in crypto?

Only few paid attend to it, and majority doesn't care about submitting KYC documents to cex and all of that. Most of the categories of users that care about privacy are illegal businessmen, they are literally the ones making privacy based coins to show dominance in the market.

Monero and others recently did ATH and who knows how much these men had done, since it's private, who knows.

[Churchillvv]

Anybody paying attention to the privacy narrative in crypto?

The privacy narrative of crypto is now most like a dream for crypto enthusiasts while it’s a nightmare for the governments.

Its decline is something that can not be over exaggerated nor overstated as the attack on whatever will hide your privacy grow over time yet with a secret agenda that prompts people to accept it by inflating the price of bitcoin am it can be beneficial to profit seekers while the true crypto lovers suffer their fate which was the reason they came into bitcoin in the first place.

[Ruttoshi]

Monero is the only coin that can guarantee you privacy when you buy it and keep in your self custody. Only a few people use decentralized exchange, majority of new investors in the cryptospace are after making profits and cares less about privacy.

I believe only some of the OGs in crypto cares about privacy because that was the reason they adopted crypto in the early days. Government is another major threat to privacy which has made them regulate exchanges and approve ETFs. Only you can give privacy to yourself if it's your priority.

[Odusko]

Anybody paying attention to the privacy narrative in crypto?

In this case, privacy is not an expensive and individual responsibility now, privacy orientations and personal control of assets is what we should pay much interest on and we also must look out for privacy enhancing projects and not just jumping on anything that could be unrelated or expose our privacy and control of assets.

[Cloutgod]

Privacy is truly a timeless narrative, but only those who understand the security risks truly pay attention to it. Perhaps once, privacy was the selling point of crypto. As the industry's scalability expanded and governments increasingly took over security roles, privacy coins became disruptive.

Privacy isn't mainstream these days, and in fact, the majority of users don't truly care about privacy. They claim to care, but they use KYC, CEX, and (most ridiculously) post their wallets at prize events on X.

With AI here to stay, users need to do more and utilize privacy tools available to safeguard their data. There are tons of safe options available; users need both education and trust in these tools.

[Cloutgod]

Monero is the only coin that can guarantee you privacy when you buy it and keep in your self custody. Only a few people use decentralized exchange, majority of new investors in the cryptospace are after making profits and cares less about privacy.

I believe only some of the OGs in crypto cares about privacy because that was the reason they adopted crypto in the early days. Government is another major threat to privacy which has made them regulate exchanges and approve ETFs. Only you can give privacy to yourself if it's your priority.

Monero is a solid option, and so is iExec. You should check them out. They recently partnered with Arbitrum and are looking to really explore DeFi and RWAs this year. Privacy projects are pushing a lot of stuff out this year. I think people should pay attention.

[Cloutgod]

There are several reasons attached to why people want to really take privacy seriously, and it is attached to the system of cryptocurrency as a whole, and for a lot of reasons, people have held on to that culture of not disclosing anything about themselves, and it is very important for everyone to hold on to that norm because for even a few reasons, you need to keep yourself safe as an investor, and that is why you don't see traders or holders talking about what they are holding or what they have that is because of security reasons.

They take their security very seriously because people are crazy, and you don't know the kind of mindset they have in doing certain things, and some don't know that they are only putting themselves at risk, and all because they just want to brag about how much they are holding and many more things that are not important, and people need to learn to keep their mouths shut. And from the look of things, some people need to learn the hard way

I understand this approach, but we also need proper privacy that enables Confidentiality and secrecy. That you can perform transactions without risking exposure of your address, amongst other sensitive data, and it'll still be scalable. Crypto is getting there; it's just taking them now to realize that we need these tools.

[Cloutgod]

Anybody paying attention to the privacy narrative in crypto?

Yes, they're still in the trend and despite that in the past years they were chased by the regulators and have been delisted for so many exchanges everywhere. It looks that the majority of the community never forgotten them and the pump that has happened recently with monero gives the idea that they're never out of the narrative for this bull run that we are in. So, with that attention that everyone is giving to the privacy coins. What are you up to? do you plan to buy the most popular ones? because if you're interested in the entirety of it, not all of the privacy coins are getting the attention that the main and big ones get.

I'm checking out a few and doing my own research. I'm not just investing in stocks, I'm also in infra which is key in this aspect. Personally, I'm looking at iExec, and it's a cool project. (DYOR)

[TastyChillySauce00]

Anybody paying attention to the privacy narrative in crypto?

After the XMR and Zcash rise everybody is paying attention. Some solana devs are developing privacy tools as well as those in ethereum, creating shielded transaction and all. Basically yes, they are paying attention.

Try to look around how many privacy project actually get funded this year. You'd be surprised.

Privacy is truly a timeless narrative, but only those who understand the security risks truly pay attention to it. Perhaps once, privacy was the selling point of crypto. As the industry's scalability expanded and governments increasingly took over security roles, privacy coins became disruptive.

Privacy isn't mainstream these days, and in fact, the majority of users don't truly care about privacy. They claim to care, but they use KYC, CEX, and (most ridiculously) post their wallets at prize events on X.

With AI here to stay, users need to do more and utilize privacy tools available to safeguard their data. There are tons of safe options available; users need both education and trust in these tools.

The problem is some criminal misuse the tools and give bad name to any privacy tools that everybody thought nobody uses it beside for money laundering which isn't really true and rather generalizing.

[FinneysTrueVision]

They claim to care, but they use KYC, CEX, and (most ridiculously) post their wallets at prize events on X.

You can always use a burner wallet for contests to avoid doxing yourself and exposing your transaction history. I do agree though that uploading your ID just to use even basic crypto services has become too commonplace and people act like it’s no big deal.

Most of the categories of users that care about privacy are illegal businessmen, they are literally the ones making privacy based coins to show dominance in the market.

Monero and others recently did ATH and who knows how much these men had done, since it's private, who knows.

It is more than just illegal businessmen that care about privacy. It is true that Monero pumped to a new high because of a major hack, but that’s because liquidity is so thin for doing larger swaps. Zcash has also gone up a lot in recent months and that was mostly unrelated to crime.

We are constantly being surveilled and I do not have enough faith in governments and corporations to believe they will never abuse their power and use the data they collect to violate our rights. You can always cherry pick an outlier situation to paint something negatively, but there will always be valid reasons why privacy is necessary to have.

[ultrloa]

They claim to care, but they use KYC, CEX, and (most ridiculously) post their wallets at prize events on X.

You can always use a burner wallet for contests to avoid doxing yourself and exposing your transaction history. I do agree though that uploading your ID just to use even basic crypto services has become too commonplace and people act like it’s no big deal.

This is provably what has been done by people have experience on crypto, since its easy to create burner wallet and safest thing to do when deciding to participate on those public events.

Talking about uploading ID I think this situation is inevitable now especially if we are using those big platforms, since regulation can strike and we need to do such thing if we like to continue to use that platforms. This became common now and lots of people are fine with it as long as they are submitting their ID's on big platforms, although it really sucks especially that this is what we are looking for that's why we decide to use this aside from it decentralization. But we cannot do anything just to accept those implementations since government also order them to do that.