Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.
Yes. Centralized exchanges already defeat privacy coins' original purpose. Most people don't care about this since they "have nothing to hide". Once governments ban Monero from widespread use, interest/demand for the cryptocurrency will decline. I believe only criminals will use Monero, while the rest of the world will "stick" with ordinary cryptocurrencies such as Bitcoin and Ethereum. Governments will try to shut down the Monero blockchain, but they will ultimately fail due to its decentralized and censorship-resistant design.
We can blame the regulators for bringing a "bad image" to privacy coins among the general public. I guess that explains why Monero is so unpopular. I'm fine with that as long as decentralization wins in the long run. Who knows if Monero lasts for generations? Just my thoughts
