Are fully privacy coins going to be ban in the future by governments?

#1

I’m wondering if fully privacy coins like Monero, Dash and now this new one call Apollo currency are going to be ban by governments in the future.

Would like to read yours opinions.

Thank you,

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#2

They can ban them but not shut them down.

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#3

They could technically push them under ground and make it illegal to use. That’s the same as shutting them down @Storm … if only a handful of people dare use it… its only use case will become illegal activity due to no one in the commercial sector risking it. But you are correct,. they cant physically stop it running.

To answer the original question, privacy coins are certainly coming under attack as mainstream considers crypto currency. It wouldn’t surprise me if they come under more and more pressure/scrutiny as a compromise for adoption moving forward…that’s why i’m glad that ETN has not been embracing the privacy side of ETN.

It bloats the code, makes it difficult to work with and although i LOVE the thought of purist privacy currencies… people also need to be realistic about their use case and their chances of adoption.

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#4

My point still stands. It’s not the same as shutting them down. It’s banning them. The internet and its applications live on.

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#5

Yup, as i said, you are correct in that they cant physically be stopped… but their use case becomes so polarised that they might as well be.

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#6

Why? The same merit still stands with the benefits of a privacy coin. It’s inherent. However, banning does place a risk premium.

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#7

Because if widespread market consensus makes a coin illegal to use, most exchanges will stop trading it, companies wont except it, and 99.9% of people will not use it or hold it. It gets pushed underground.

Like you said, that doesn’t get rid of it (look at torrents and illegally distributed movies etc) but it would stop nearly all companies from accepting it…which makes adoption in mainstream impossible and unfortunately polarises its use case to people who need the privacy, despite the risk…i.e. mostly for illegal use.

I love the concept of immutable truly private currency…but that’s a principle… not a realistic goal at this point if you want adoption. We have 10+ years of empirical evidence to back that up.

Mainstream media (and likely industries such as the financial sector) have done a great job at making people ignore the benefits of Blockchain technology through fear…you don’t battle that head on, you compromise the paradigm, ease into it…get parts of it adopted by the wider market then start to instigate change from the inside through customer perception.

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#8

I think there’s a huge risk for privacy coins like Monero, Dash and now this new one…Apollo. I’m glad that ETN remove some of the privacy features, so it cannot be a target (hopefully).

Also I remember some exchanges in Japan, ban Monero if I’m not mistaken.

Anyway, yeah they cannot shut them down but as long as government has the power and not the people, privacy coins are at risk.

The only way could work would be if millions of people ignore the ban and create their own ecosystem around this coins.

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#9

When Distributed exchanges go online the government cant do anything , distributed exchanges are the governments worst nightmare !

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#10

What do you mean with “distributed exchanges”? Are you referring to decentralizes exchanges?

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#11

no not decentralized exchanges lol , distributed is an entirely different word

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#12

I know that bro, I just never heard before of a distributed exchange so I thought you were confuse.

Anyway, do you know where can I read more about this please?

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#13

It’s possible bro,I want it to be implemented afap

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