Quote from: Kittygalore on January 08, 2025, 11:38:19 AM

Are We Witnessing the Death of Privacy in Crypto? 🚨

Back in the early days, crypto was all about privacy, freedom, and decentralization.
Now? It feels like we're heading toward full surveillance. 👀

Think about it:
- KYC everywhere.
- Government tracking tools are improving.
- Even the biggest crypto companies are cooperating with regulators.

Privacy coins like Monero (XMR) and Zcash (ZEC) are under constant pressure.
Meanwhile, CBDCs (Central Bank Digital Currencies) are being pushed by governments — which are basically surveillance tools in disguise.

So, the question is:
❓ Is true privacy in crypto dead?
❓ Or is there still hope for a decentralized, private future?

Let’s discuss:
- What are the biggest threats to privacy in crypto today?
- Which privacy tools/coins still have a chance to survive?
- Will CBDCs completely destroy financial freedom?

Your thoughts? 🤔

We are witnessing the death of privacy. In its early years, Bitcoin was anonymous because it was new and governments didn't know how to track it but over time, governments became advanced and now it's possible for them to track the majority of Bitcoin transactions. I heard this from government officials that they didn't set taxes and didn't require KYC on Bitcoin services because they didn't think about Bitcoin as a currency. Now they admit that Bitcoin is a currency and try to regulate it.

Governments actively cooperate with different companies to implement blockchain technologies, which is good but they also try to create and implement CBDCs. CBDCs will completely destroy financial freedom because you won't be able to pay outside of CBDC. If you upset the government, they'll completely block your access to your finances. Today we live in a time where people only care about themselves and today is the worst day to become dependent on others for your needs.

I believe that in the next few years, privacy tools and coins will not be as widespread and easy to use as they are today.