Privacy in crypto

[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.

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)

I think that I have seen that project before but haven't looked into it deeply. I'll see if that will interest me and if it has got some good infra or use case that it has got. Another tip is that if you're going to reply to each reply, you don't post it individually. Just put all of the replies you've quoted on one post and that's already enough. Mods will come to merge all of those posts replies you've made for sure.

[bitgolden]

It's a niche market of crypto and there are some people who are interested in it, and that's about it. Sort of like the meme people, although most of memes are not banned anywhere, so meme people have more chance to grow but it is still a niche, or the NFT people for example, it is a niche, it is not a general all audience thing like bitcoin or ethereum or Solana, it is more just popular with a group of people that's it, a small group of people. Hence, we are not really seeing it be that difficult for most people to ignore it.

[Ndabagi01]

Anybody paying attention to the privacy narrative in crypto?

Anyone coming into the crypto space should first align and know well what privacy is and how it can help them throughout their journey in crypto. Cryptocurrency itself when first introduced by Satoshi made emphasis on privacy and security, so not paying attention to that is like you already having a failed foundation in your journey in the crypto space. Privacy is everything in crypto because if you can’t keep that, you’ll most likely face a lot of troubles throughout the process of you becoming a more cryptoneur in the crypto world. Decentralization encompasses privacy and that’s why Bitcoin was built on that basis.

[Dynamite++]

Anybody paying attention to the privacy narrative in crypto?

here we are paying attention, but I don't think there's full privacy in crypto currency, even with the fact that it's decentralized. What I mean by this is, for example when you transact or sent a crypto coin to someone, the transaction history is recorded and stored in the exchange database, with or without your permission. And some exchanges even makes this public and anyone could easier track your transactions. Now with this kind of stuffs am not sure there's full privacy.

[passwordnow]

It's a niche market of crypto and there are some people who are interested in it, and that's about it. Sort of like the meme people, although most of memes are not banned anywhere, so meme people have more chance to grow but it is still a niche, or the NFT people for example, it is a niche, it is not a general all audience thing like bitcoin or ethereum or Solana, it is more just popular with a group of people that's it, a small group of people. Hence, we are not really seeing it be that difficult for most people to ignore it.

There are specific investors that looks upon with the privacy coins. You're right that they're like the communities that you've mentioned and if a privacy coin has pumped, they'll also be there on that moment. But it's easier to look at those memecoins because it seems a larger market and that's why they've been saturated. I think that the time will come that from the memecoins community, they'll also be looking to the privacy coins. They won't care if they are for the profits and not after the anonymity.

[TastyChillySauce00]

It's a niche market of crypto and there are some people who are interested in it, and that's about it. Sort of like the meme people, although most of memes are not banned anywhere, so meme people have more chance to grow but it is still a niche, or the NFT people for example, it is a niche, it is not a general all audience thing like bitcoin or ethereum or Solana, it is more just popular with a group of people that's it, a small group of people. Hence, we are not really seeing it be that difficult for most people to ignore it.

I disagree with it being considered the same as meme. Privacy coin is different, they have real use case and real demand. There are big community as well.
Some people need privacy and they provide the solution to that. Unlike meme that is a non utility token, exist solely for pump and dump.

[el kaka22]

Privacy part is only interesting to people here, normally nobody really cares, hell monero type of coins are not even on exchanges and banned in most nations, you think people would prefer to use a coin that is banned, instead of a coin that got ETF approval? Of course not, so the low number of people who uses this is not the real way to go and we should try to avoid it as much as possible if we can, that would be the way to go and could be very good for our investments as well if we avoid them.

In my opinion, crypto itself privacy oriented one if you know how to protect yourself and staying anonymous which means, I am not looking any specialized coin or token which further enhance my privacy, I already have diversified portfolio and privacy cannot be to reason to extend my diversification.

[Antona]

Anybody paying attention to the privacy narrative in crypto?

Yes, very much. Seems like KYC is becoming a big thing now with most exchanges in most countries.

[Wakate]

Anybody paying attention to the privacy narrative in crypto?

There is privacy in cryptocurrency especially Bitcoin but because of advancement in technology, people are limited the privacy we suposed to get in cryptocurrency. By the time the quantum computer is fully in operation I don't think we are going to have any privacy in cryptocurrency again. By that time, all privacies will be wiped out and the government will have access to all our privacies.

[TastyChillySauce00]

Anybody paying attention to the privacy narrative in crypto?

There is privacy in cryptocurrency especially Bitcoin but because of advancement in technology, people are limited the privacy we suposed to get in cryptocurrency. By the time the quantum computer is fully in operation I don't think we are going to have any privacy in cryptocurrency again. By that time, all privacies will be wiped out and the government will have access to all our privacies.

I don't think quantum computer will affect privacy by any means though. It's the encryption and current cryptography that will get disrupted and possibly replaced.
Privacy coins like Monero and Zcash can easily upgrade to quantum resistant blockchain. The transaction stays shielded and so on. I will be more concerned about KYC data being saved on the cloud encrypted in quantum vulnerable encryption.

[GiftedMAN]

Anybody paying attention to the privacy narrative in crypto?

There is privacy in cryptocurrency especially Bitcoin but because of advancement in technology, people are limited the privacy we suposed to get in cryptocurrency. By the time the quantum computer is fully in operation I don't think we are going to have any privacy in cryptocurrency again. By that time, all privacies will be wiped out and the government will have access to all our privacies.

I’m pretty sure by the time quantum computers are fully operational, developers will definitely find alternative measures that crypto users can use to protect themselves and the safety of their assets.  As the day goes by so is technology advancing. Back then there was nothing like the Lightning Network, but someone did some research and found out it’ll be helpful to help reduce transaction costs, this and several other technological innovations has been made and many more is yet to be made, I don’t believe there’ll ever be a time that every crypto users would be left vulnerable.

[jostorres]

I don't think quantum computer will affect privacy by any means though. It's the encryption and current cryptography that will get disrupted and possibly replaced.
Privacy coins like Monero and Zcash can easily upgrade to quantum resistant blockchain. The transaction stays shielded and so on. I will be more concerned about KYC data being saved on the cloud encrypted in quantum vulnerable encryption.

Quantum resistant chains will not be an issue, and yes we know that quantum computing will be vastly superior than what we have today, not even remotely similar, and we will need something else, but people basically worry about old wallets. It all means, if quantum computing does exist one day, who can stop someone using it to break into satoshis bitcoins and cashing that out?

We can't guarantee that it won't happen, we can assume that it will be hard, but there is no 100% guarantee that will not happen.

[Churchillvv]

We paying attention to the privacy but it seems, that will be gone in the future if the government stricter their regulations to their people who hold crypto.

If the government tighten the regulation to controlling people who use crypto, privacy will be longer besides us. They can works together with the banks so they will know who will makes much transaction from the local or international exchanges.

Exactly bro, as it pains me so much that I used the words “the words of our heroes past shall never go in vain” because what I see happening in the crypto world is looking like we are turning bitcoin or crypto standards into fiat standards yet having to enjoy the process factor which will make a lot of people loss themselves to it and privacy as the standard with crypto stood on will disappear.