Re: zcash, pirate chain, monero, prcy, which is the best coin for future of privacy?
Monero is the synonym for privacy. It's the most used coin in darkweb. Other alternatives are not actually in use and some like zcash has documented vulnerabilities. I have no idea about what new techs are cooking on the privacy sector but monero has been a leader for quite some years and would continue to be in foreseeable future.
Privacy based coins might not be the ideal thing for normal investors or traders to deal with. As it would get more difficult to redeem then in and out in the future.
Privacy based coins might not be the ideal thing for normal investors or traders to deal with. As it would get more difficult to redeem then in and out in the future.
Zcash is funded by a private company (Electric Coin Company), so I doubt the dev team will prioritize privacy above all else. Not like Monero which is funded and developed by the community itself. It's like comparing Windows vs Linux. With so much propaganda against mixers and privacy coins, I doubt people will turn to any of the aformentioned cryptocurrencies anytime soon.
The industry is dominated by VCs and institutional investors. They want transparency to comply with government regulations as much as possible. Not the other way around. For this and many other reasons, privacy coins will never take off no matter what new features they bring to the space. At least, we're not tied to a single coin. As long as we have a choice, nothing else matters.
