Quote from: Huppercase on March 07, 2023, 06:40:52 PM

If this is true, Shiba Inu will become Non US token jurisdiction, they wouldn't allow people to used that coin because coins like Monero, Dash and other privacy coin are not allow to be used in US, they fear what bad actors will do with the coin that is why they discourage such privacy coin. They could also see less interest in those projects when US put eyes on them for purposely upgrading ordinary project to a privacy coin, they will start seeing that it is done on purpose for bad people to used it encouraging theft and illegal activities that will harm US.

Isn't crypto/Blockchain tech all about being "permissionless"? Restricting people in certain countries from using a coin, would greatly undermine Blockchain's potential. It's like going back to traditional banking. Countries may ban crypto, but that doesn't mean developers have to "play by their rules". The community can keep a cryptocurrency decentralized and censorship-resistant to help withstand government's "attacks" against it. By staying that way, people can access the Blockchain regardless of a ban imposed by a government.

I know privacy coins are often a target of governments, because of the benefits they provide to their holders. But if they remain decentralized, nothing should be able to stand in their way. If SHIBA decides to become a privacy coin, CEXs will begin de-listing it in-mass. So developers' best bet would be to leave everything as is for the good of the project. Who knows how far will the "meme" coin go? Just my thoughts Grin