Quote from: Sethrey on February 07, 2023, 10:17:41 AM

According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:

The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.

Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?

Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.

Quote from: goldkingcoiner on March 16, 2023, 04:44:55 PM

I doubt that Shiba Inu will ever be able to turn into a privacy coin like Monero or ZCash. Especially because Monero and Zcash are already better as they are and Shiba Inu is not really a coin but rather a ERC20 token. Which means it does not have its own blockchain, unlike Monero, for example. And as its on the Ethereum blockchain, it will never be an effective privacy token. Furthermore, I would stay away from any coin/token which is being held by Vitalik Buterin. He already sold part of his SHIB, showing everyone that he does not care about Shiba Inu, and recently he started selling tokens he does not consider "culturally or morally viable".

I am certain that its better to stay away.

My opinion is that it is possible to convert ordinary coins into privacy coins by implementing privacy features, as seen in the case of the Shiba Inu. Consolidation of privacy features is a common trend in the cryptocurrency space as users are increasingly concerned about their transactional privacy.

The success of a cryptocurrency depends on a variety of factors, including its adoption rate, market demand and technology. Adding privacy features may increase the demand for coins, but it is not a guarantee that their value will increase. The value of any cryptocurrency is highly volatile and subject to market forces.