Post
Topic
Board Altcoin Discussion
Re: Shiba Inu turns into privacy coin like Monero or ZCash?
by
Blitzboy
on 01/09/2023, 08:05:00 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
Even though its nice to think that everyone would pay taxes out of the goodness of their hearts; we havent reached that ideal yet. Realistically, a lot of people could be drawn to anything that could save them a few bucks, taxes or no taxes. History has shown us again and again that when people have a chance, they will take it, no matter what the law says.

Now, lets talk about Shiba Inu, which some people jokeily call the "Dogecoin killer." Using a fake name has its benefits, especially in the social and political climate of today. But here's an example of "gobbledygook": What if Shiba Inu tokens werent just fake names, but also had layers of security based on quantum entanglement? A silly and rather nonsensical idea, maybe, but one that makes you think.

But I have to say that I admire your trust in how the group makes decisions. The group mind does sometimes catch us by surprise, doesnt it?