As of recent, more governments are cracking down on private every week so far the most governments can really do create laws to stop people from trading.
If governments regulate cryptocurrencies, look into privacy coins and hold onto them. Since Bitcoin not as private as many thought of years ago. The mainstream adoption of Crypto most certainly here in the 2020s. Crypto privacy coins solution comes in, crypto privacy coins like Monero, Dash and, Pirate chain come into the scene. If you are looking into anonymous transactions whether you are looking to keep your transaction away from governments, hackers or, corporate surveillance, or etc from using your public data. [quads id=11]
Monero is very unique, which has tons of advantages over bitcoins protocol.
Bitcoin transactions can be traced through the public ledger. Monero the other hand, No transactions can be traced.
Piracy Features
Moreover, Monero users also have the authority to share transactional details with counterparties of their choice, which is often a necessity for business purposes. Which in this form, It's amazing for a project that's only been around since 2014. within a year ago. Much adaption is coming into many use cases. Tap-Jet has announced last month that you can now use Monero to make your purchases on their private charter jets. Which is amazing from a privacy perspective.
What happens if currencies are ban?
Both Dash and Z-Cash take many advantages over privacy and speed of confirmation time to send one wallet to another, However, Dash and Z-Cash have become a very popular option for many cryptocurrency users. IF a government like the United States intends to ban crypto all that will do will bring prices up. Which will encourage people to buy in and HODL for the long term. This isn't just the U.S ban, many first-world countries will, India and Russia have placed bans on Indian citizens which they're not allowed to trade with cryptos. Governments know crypto-currencies will only threaten the status quo of the printed fiat base currency. when crypto is ban the only thing governments reaction is print money that's backed out of nothing!
How privacy-coins will react?
The best privacy coins like Dash, Monero, and Z-Cash over will be used over through underground mediums of exchanges. Bitcoin, Litecoin, Etherum that's going through the public blockchain will feel the hurdle effects. Many privacy coin developments will continue to rise. Around 2018 a crypto-coin call Pirate Chain. Which is now on the rise. Today it is now $1.14 off this week's price charts, soaring off over 303.0%, the 7-day chart Last week from $0.30 to now $1.14 which pirate-chain shows heavy promises on its fully-decentralization. Not financial advice! The vision I can see Pirate long-term will over the year to come. For more of the LLG Entry, Please subscribe to my newsletter.
