Which privacy coin is superior? At the moment, im leaning towards Monero?
What does /biz think?
Which privacy coin is superior? At the moment, im leaning towards Monero?
What does /biz think?
DASH
Dash was another one that popped up. Care to explain your position?
dentacoin
Monero has the best team in all of crypto and has proven to be private, unlike the other "privacy coins"
It also has the largest user base (among "privacy coins")
That's why Monero is the best.
finite supply.
Someone on Jow Forums said it had been "proven to not be 100% private" - any idea what that was about or was it shitposting?
DASH
privacy coins will get banned and crash to pennies. You can call me names all you want but this is reality
Zcash
Only coin to have a max supply of 21m
Backed by the Jews, Darpa and JP Morgan
Zcash will be used to facilitate the movement of Funds for governments and banks in a privacy controlled environment
It’s the only privacy coin approved by the SEC
Delet
No clue. Probably FUDing with a lack of evidence. L
APL
This is a very valid point.
XMR wins hands down on the privacy front. It benefits from multiple layers of privacy tech, none of which requires moonmath or trusting humans to delete data.
XMR's usability is garbage right now. It's gotten better, but is still garbage. This isn't a huge problem though, since the devs have been focused since day one on privacy (Real Privacy). Usability can be added to a coin after its creation--privacy cannot.
But even if ZCash and Monero had equivalent privacy tech (they don't), hell even if ZCash had superior privacy tech to Monero (it doesn't), there is a single fact that raises XMR so far above competition that it's not even a competition. And that's obligatory privacy. There is no 'unshielded' easy-mode send in XMR. All XMR transactions are shielded, all XMR balances are hidden, period. No other privacy coin can say the same. If you understand this fact, you understand why XMR is the only privacy coin worth taking seriously.
Just have a look at the top token holders for XMR and ZEC, the truth speaks for itself:
etherscan.io
bitinfocharts.com
>there is no XMR blockchain explorer
neither, BSV is all that matters
Good insight, you know your shit.
I've never heard of Apollo which probably means its too late for me. If it can successfully do all of that then it should be the king of privacy coins.
Both will make you multi millionaire
Dubs confirms
>Ban an untraceable coin
The fuck are you talking about
not late at all for apl
team is in talks with zimbabwe government to incorporate APL into their country which will be a great catalyst in the coming weeks
sharding and dex are set to be released by end of this month as well
Nuff said.
banned in exchanges brainlet
Checked. I love BSV, but still hold XMR.
yeah cause when the gov bans things they typically go down in price, just like during the obama gun ban right era right?
Good luck banning it from a DEX
defeats the point of being a privacy coin then dumbass. zcash aint going anywhere. monero will be 40k per and you cant stop decentralized exchanges that will offer it and since decentralized exchanges are the future, well.. you get the idea
for now monero because of liquidity
I've been thinking about going on all in on Monero for a while now honestly, it's just one of those coins that's a slow burn.
i wouldn't. do 30% eth 30% xmr 30% shitcoins to be safe
yes , thats why North Korea becomes richer every time they get sanctioned right?
>the gov can't ban websites
butting in here
a DEX is a decentralized exchange, its ethereal not existing on one server
but existing through the connections and blocks of many user wallets
it would be very difficult for a regulating party to prevent trading on a decentralized network
XMR would need a market cap of about 679B to achieve that. Thats a bit optimistic to expect 40k.
That being said, i fucking hope you're right haha
They cannot ban, since privacy is a human right.
Also consider this:
You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.
You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.
You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.
You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.
fuck never thought about it from a business perspective
money laundering is very illegal. You think the gov will just let everyone a free tool to money launder, send money to ISIS and North Korea? They turned a blind eye to the whole thing as long as it was just a few faggots like you that converted their grandmas pension to xmr to buy dragon dildos and weed, but when people start using it for far more illegal things it will get banned from everywhere. It doesn't matter if your coin will still exist on "the cloud" if the amount of people that will be able to buy it will be reduced to a very small number. Normies will dump it, institutional investors will dump it, the only people left using it will be drug dealers and terrorists, so yeah have fun getting dumped by el chapo and al-bagdadi. It might not go to 0 but 1 dollar is pretty much the same with 0 in terms of your investment loss
also, learn the difference between private transactions and untraceable transactions. Ofcourse all businesses want to be private, the same way banks offer private transactions to businesses but they will still be traceable if they are found to be doing anything illegal
Monero wins it for me
FULLY private and PoW
what do you all think of colx privacy coin? how does it compared to monero
>what is moneros view key?
>You think the gov will just let everyone a free tool to money launder
They can't do shit smoothbrain, that's the point of privacy coins
this
just because you want something doesn't mean its true buddy. reality is all crypto market exists through exchanges, without exchanges there is no crypto market, there is no price discovery, there is no liquidity, there is nothing
Whole countries exist to launder money, what the fuck do you think their governments are going to do?
you can actually sanction north korea and make them less rich though. crypto literally allows them to avoid sanctions you dumb retard. you cant ban crypto cause it's not enforceable
You could kill people with a knife, which is very illegal too. Are knifes banned?
the reality remains. when privacy coins will get banned from all mainstream exchanges, the price will tank. I never said it will not keep existing and used, just that the price will tank and become very illiquid. Just from an investor perspective is a shitty investment. If you want to use it to buy drugs or donate to Kim jong un then it might be your coin
a lot of that liquidity would flow into DEX's with XMR on it and it would probably make XMR the standard DEX coin and DEX's would finally become liquid enough to trade on. So they probably wont try to remove monero, they will more likely try to control it and/or find a way to reveal the senders/receivers better
you realize dex is still needs the front end right?
it runs on a blockchain but if unavailable it wont be used
kek
>cant ban dex
>but they banned silk road
1) Privacy is a human right. We are not living in north korea.
2) Monero has a view key, which can trace your transactions. You can share this key.
3) One could use a car to do a crime. Should cars and roads be banned? Following your logic, they should be.
Monero is the real digital gold, and eventually won't be traded on any major exchanges as the entire Darknet economy is built around XMR + BTC swaps
>when privacy coins will get banned from all mainstream exchanges
Forgetting the DEX argument for a second, even if some countries go through the legal trouble of banning privacy coins from traditional exchanges (on shaky legal ground there I might add), you're just going to have more privacy coin friendly exchanges open up shop in banana republics like Malta or whatever so people can wash their bitcoin there. It's unrealistic to think that the market won't adapt to privacy coins because they MAY be used for nefarious purposes.
I'm actually much more nervous about governments continuing to crack down on fiat to crypto gateways, making it more difficult for people to get funds into and out of crypto in the first place, rather than worrying about privacy coins getting banned from altcoin exchanges.
COLX is on life support and isn't worth mentioning really. They could learn a thing or two from iExec. Anyway, its privacy aspect is broken at the moment since all Zerocoin transactions are disabled due to the minting bug discovered a few weeks ago which applies to PIVX and all of its clones.
>you realize dex is still needs the front end right?
A DEX literally just needs a github page. They can be run locally as apps.
and to use a car you need a licence, all your information must be registered somewhere to get that licence, your car has numbers on it, that can be traced to your name and address. So yeah, if you do a full KYC you might be allowed to buy it
Malta is part of EU so I doubt they aren't heavily regulated on that. Again, you are ignoring my argument. I never said it will not exist and people won't use it, the point is that the price will crash because mainstream investors and normies will dump it. Only people that want to use it for those nefarious uses will remain to use it
That's because if guns stop being produced it will be very hard to find guns unless you get them illegally for a 10x upcharge. Monero will always exist. Banning monero won't make it more or less scarce
>Anyway, its privacy aspect is broken at the moment since all Zerocoin transactions are disabled due to the minting bug discovered a few weeks ago which applies to PIVX and all of its clones.
I didn't hear about this. What happened?
that extra money you will be paying won't be in the price of monero, it will be the premium fee to buy it
A coin with both private and public transactions will always fail as a privacy coin because public transactions will mess with the privacy. Privacy can only work if the transactions being shuffled are all trying to be private.
I have a small bag of monero that i dont intend to increase, and i own no other privacy coin.
>Again, you are ignoring my argument.
I'm not ignoring anything, that was my first post in the thread. I used Malta as an example because I know that's where Binance relocated to. If Malta gets compromised they'll just relocate somewhere in Africa or wherever. The point is there's always going to be some shady country that will happily host a business that's washing bitcoin and XMR in a KYC optional environment. And if all else fails, a DEX will rise up and grab the volume. I'm not saying this won't temporarily hurt liquidity but ultimately if there is a demand for it, it's going to survive and its price shouldn't suffer much, if at all.
Just some obscure bug in the Zerocoin protocol. Supposedly PIVX wanted to move to something else anyway, but I'm not so sure on that. All I know is COLX disabled all zCOLX transactions temporarily. They usually just copy whatever PIVX does so they're probably waiting on a fix from PIVX devs.
>there's always going to be some shady country that will happily host a business that's washing bitcoin and XMR in a KYC optional environment.
and if North Korea and Iran use it to launder money, how long you think it takes for that shady african country to get sanctioned to oblivion too? in fact they won't have to, the african president himself will execute the operators if that meant his gibs will be cut
I think you're seriously overestimating how much world governments care about Monero.
they don't care about monero, they care what their adversaries do with monero. Is monero really untraceable or not? if its not really untraceable then they wont care about it, they can just use it as honeypot to trace anyone they want
Of course it's untraceable. Can you make payments for very serious, national defense tier illicit activities strictly in Monero? Probably not right now because of how volatile it is. In Bitcoin? I mean, maybe, but still pretty volatile. You'd have to ask people in the know or actual terrorists if this is how deals are done. As long as there is lower hanging fruit (fiat cash transactions) that criminals and terrorists need to use to operate then that's what governments will prioritize. I think we're years away from the current market needing to worry about the kind of stuff you're talking about.
>all these XMR bagholders
Only one privacy coin will make it and the choice is obvious
Imagine thinking anyone would trust a privacy coin with technology funded by DARPA.
> I think we're years away from the current market needing to worry about the kind of stuff you're talking about.
Thats why they will just outright ban it from now, so they won't have to worry about this many years later. There are two options for privacy coins, they will either become fully regulated or banned
if this wasnt a privacy coin you would have some ground but the whole point of privacy coins is to be anti establishment and have zero partnerships with corporations or be funded by any gov or shady co.
I like Dash also. The blockchain is based on Bitcoin and remains transparent and trusted. The difference is Dash offers privacy through uncertainty.
The Monero and Zcash privacy is scary if something goes wrong. There is too much that can go wrong. If something goes wrong with Monero privacy the entire project could die. Your investment could go to zero in one day.
Dash also has way more going on with its governance DOA and treasury. They are voting for real people to represent the network so Dash can buy physical property. The profits will be used to buy Dash and burn it, creating upward buy pressure.
Dash is something special.
it'll be like banning drugs, you don't destroy the market you just shift the market underground and if they do this itll be great for monero cause itll show people that it's actually private and a threat
dash is trash cause its not actually private or fungible. my as well just use BTC
>Thats why they will just outright ban it from now, so they won't have to worry about this many years later.
People have been saying this since Monero was created 5 years ago. You do realize that the concept of a "regulated" privacy coin is completely counter-intuitive to a right to privacy?
DASH is a pre-mined corporate scam that isn't private.
dream is a dash masternode frens. electricity is so expensive here so i cant mine.
Imagine thinking zcash, which is backed by DARPA (creator of the internet), amazon (almost 1 tril MCAP) and israel (owns everything plus interest) will lose to a shit tier privacy token spearheaded by an obese landwhale dev.
>you don't destroy the market you just shift the market underground
did you even read my posts? thats the entire argument I was making. The only reason all these crypto have these prices now is because normies and investors are pumping them. If they destroy all the mainstream access to it all of these people will dump it. Why would anyone want to invest in something that is banned? or even riks getting jail? they won't. most of the demand for it will disappear, the only people left using it will be actual criminals
>People have been saying this since Monero was created 5 years ago
thats because nobody actually uses monero. Even drug dealers online, most of the just accept bitcoin and don't care about monero. But regulations will be coming sooner or later, for all crypto, and the ones that aren't following anti-money laundering regulations will be banned
imagine thinking any of that shit matters. privacy coins are meant to be against everything you just listed
>Implying normies care if a coin is anti establishment and have zero partnerships with corporations or govs
zec will moon while xmr will be reserved to bagholding basement dwelling nazi larping neets
>I'm new, what is bisq
protip: they can still track xmr xfers they have the pegasus and other hacking tools
I remember when i was a naive anti establishment goyim. Took me a while but i realized to make money in this world you have to side with the jews because they never lose on investments
I don’t give a flying FUCK if Monero is a better Privacy coin...
Was Monero joint developed by ISRAEL and US programmers?
Was Monero ENDORSED by JP Morgan?
Can I buy XMR on COINBASE or GEMINI?!?!?!
If you want to MAKE MONEY the answer is simple.
Look at the charts. The charts never lie. ZCash is trash. XMR is the only viable privacy coin. With a fair distribution and actual contribution. Trusting ZCash is like trusting ur private accountant to handle and manage your funds...YOUR OWN MONEY. Don't trust (((them))) buy XMR to stop them.
So you're saying monero is a jew coin but then you have a picture of zcash infront of a jewish flag.
(((They))) never lose on finance. I’ll stick with the winning team and not you larping neets.
zcash is founded and backed by jews
Ok, you enjoy quoting Ron Paul and acting better than everyone else at your next Libertarian cocktail party... I’ll just keep stacking my (((coins)))
Shoo pajeet
SHOO SHOO
No, I’m talking about ZCash you brainlet
Psst, hey kids
I'll let you in on a little secret
Don't listen to the Jew shills user. Trusting them is the not the right move. We are here for a decentralized economy. Not for another round of enslavement.
XMR 5K eoy
>he thinks the jews themselves did not create btc
Hah peak delusion, FED and big banks could drop this market off a cliff if they wanted to
btc is not monero
This turned from a civil discussion about cryptocurrency into a /pol schizo thread
Step 1) Buy ZCash
Step 2) Make a shit ton of money
Step 3) Convert shit ton of money to Monero
Step 4) Buy cocaine, guns and hookers privately
Thats because you kept posting nonsense, your reading comprehension is preschool tier
I like XMR, but low supply makes ZEC extremely undervalued, so maybe in short term it's better investment.
I dont think that government ban will make privacy coins cheaper, because in reality when Japan banned XMR, ZEC and DASH, their prices actually increased. And illegal things usually cost more.
>ZCash is good an we should buy it
Bizarro Jow Forums.
Dont buy it, then hodl your xmr bags to $1 and fomo into zec at the ath when it inevitably flips btc. I could care less what you pseuds do with your money.
supply dont mean shit when the project is garbage
>ZCash will flip bitcoin
Now I know you're just messing with us.
Why is ZEC garbage?
It's run by kikes so I guess it will be profitable. Atm it's #2 privacy coin by market cap.