Quote from: Starkick on Today at 01:49:20 PM

Quote from: Jawhead999 on August 23, 2022, 01:13:47 PM

How decentralized it's crypton and utopia project? if it's really 100% decentralized, any sanctions wouldn't affect it since anyone can still use it. The privacy coins price are based on demand and supply, so since the sanctions are mainly focused to privacy coins, it might decrease the price due to panic and less demand. IMO holding privacy coins for long term isn't a good choice due to government always enforce submit KYC that would kill privacy concern.

Thank you, I think this project is very reliable. I mean the Utopia p2p. As far as I know, the ecosystem is decentralized, and no personal data is needed to use the exchange. Moreover, the moment is organically growing and developing, even despite the fall of bitcoin and its impact on the crypto world.

What happened to XMR coins is the worst nightmare of investors using it. The government can’t do anything directly to the project but they can always target exchange to delist it or make a law that restricting user to own since every in crypto is starting to be regulated. Privacy coin might continue to exist but there’s no guarantee that user will keep using it of the government itself will do whatever it takes to restrict user on acquiring this kind of tokens.