Hello, I was talking with one user in Telegram about that he is worried about Privacy Coins and the idea of governments taking them as totally "illegal" in the future. I shared my point of view about it to him, how I think that the use of Privacy Coins at least for me are not a way to avoid taxes and of course that DeepOnion doesn't support anything illegal, but I think Privacy Coins are in first place, secure.
There is some background in the media trying to say that the Privacy Coins are related to illegal money and we still have stigmas of Silkroad in the past, where Dread Pirate Roberts created a website that claimed totally free capitalism without considering its consequences . We all know what happened to that and how many years Bitcoin took to clear his name.
Let me explain something and I think you will understand why this is nonsense and just a way to disqualify a lot of positive insides of Privacy Coins.
Privacy Coins as I said, are secure and they could give us a lot of benefits in the future for a mass adoption and why I choose them instead normal Cryptocurrencies.
Imagine if you live in some dangerous countries where you can be kidnapped easily because everyone will know your Bitcoin Address. Imagine if you make a random payment and the seller can track your ID with all your funds.. that doesn't sound too good right? If the current governments can't guarantee that their citizens are safe right now with fiat, what will let us think that we will be safe with Cryptocurrencies?
Imagine that one random hacker from other part of the world knows how many wealth do you are.. You know that many of us have a lot of knowledge about what websites need to avoid and what precautions you need to take.. but for a mass adoption you will have some people who will be targets for those criminals.
Imagine if you live in a Country where corruption can destroy your entire life? Venezuela's situations let us think that we are just numbers for them, we are just votes. We need a way to say no to corrupt politics.
Imagine if you are using a well know Cryptocurrency as Bitcoin... and the other person is doing some illegal stuff with his life... you ended up making a random transaction with him ... and now your life can be ruined just because you are linked to him for a random transaction. Do you think that police are always good people? I hope yes, but I know that in real life no matter what clothes do you use, you can be a bad person anyway.
Hope you can understand my point of view on why I think that Privacy Coins are needed and why I support platforms as DeepOnion.
DeepOnion aim to be secure and private because we want to offer to the people tools to protect them against any kind abuse.
I want to know your opinion.
Vaas.
Loved the article Vaas. Great work man. :)
Nice article, it's important to remind ourselves of the fundamental need for privacy coins as a whole. I thought 2017 would be the year for privacy based cryptocurrencies but I think 2018 will be much bigger.
I agree that lots of people need to do their due diligence before making accusations. Privacy coins are the future, because unlike other projects they offer something that other coins can't. Privacy is very important online, especially in the crypto world and here is where our role comes into play =)