Post
Topic
Board Altcoin Discussion
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
by
Abiky
on 16/08/2023, 17:50:27 UTC
I think those times are over, but temporarily. One day people will realise that privacy and anonymity are important, for example when they start receiving taxes or reports for all their transactions. Then the times of anonymous coins will come. But for now, yes, erc20 crap like shiba is in trend.

Well, I can't imagine privacy coins being used for illegal purposes in the future. Tax evasion? I don't think so. People would prefer to pay their taxes just to avoid prosecution from the government. They would use privacy coins not to break the law, but rather hide their utmost sensitive information from third-parties. Legitimate businesses could obfuscate their transactions to prevent prying eyes (the competition, or someone with malicious intent) from knowing sensitive information.

I think it's best for Shiba Inu to remain a "pseudonymous" token than change into an anonymous one. It would avoid many "headaches" in the long run. But who am I to decide for the community? As long as the community votes for what's best for the project, nothing else matters. Who knows what the future holds for Shiba Inu? Just my thoughts Grin