The governments and states are stepping more on people's privacy and rights. Here is another example that CipherTrace in cooperation with US government files a patent to be able to trace Monero transactions: https://cointelegraph.com/news/privacy-coins-no-more-ciphertrace-files-patents-for-tracing-monero-transactions
I think altcoin projects who work on privacy protection and anonymity is a promising trend and will be one of the most very popular ones. What do you think?
I think altcoin projects who work on privacy protection and anonymity is a promising trend and will be one of the most very popular ones. What do you think?
You want a simple advice? Avoid privacy coin because of their reputation. Unlike bitcoin that's pseudonymous, transactions can be trace but monero isn't something that can be crack down. It has given regulations bodies tough time especially cases that involves investigations. The $600k Bounty is still on, you don't want to jeopardise your funds except you don't need it or perhaps free money to spare my friend
There are other importants altcoins to dive in and make out same profits on this privacy coins. It will be better if you look into DeFi instead of privacy coins, Ethereum network I believe will skyrocket DeFi with updates this coming 2021.