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Privacy Coins Benefits and Criticisms




Privacy coins, also known as anonymous or stealth coins, are a type of cryptocurrency that offer increased privacy and anonymity for their users. These coins use various technologies such as zero-knowledge proofs and coin mixing to mask the identity of the sender and receiver of transactions.

One of the most well-known privacy coins is Monero (XMR), which uses a technique called ring signatures to mix a user’s transaction with several others, making it difficult to trace the origin of the funds. Another popular privacy coin is Zcash (ZEC), which uses a technology called zk-SNARKs to encrypt the details of a transaction, including the sender and receiver’s address and the amount being transferred.

Privacy coins have become increasingly popular as concerns about online privacy and surveillance have grown. They offer a way for individuals to keep their financial transactions private and secure, which can be particularly valuable for those living in countries with oppressive governments or for people who want to keep their financial activities separate from their personal identity.

Despite this, privacy coins continue to be a niche market in cryptocurrency, with more and more projects being developed with privacy features. Some of these projects include Dash, PIVX, Verge, Grin, Horizen, and Beam.

Features and benefits of privacy coins

Privacy coins offer several features and benefits for their users, including:

Increased privacy and anonymity

The main feature of privacy coins is the increased level of privacy and anonymity they provide. This can be particularly valuable for people living in countries with oppressive governments or for individuals who want to keep their financial activities separate from their personal identity.

Coin mixing features

Many privacy coins offer coin mixing feature, which mixes a user’s transaction with several others. This makes it difficult to trace the origin of the funds and mask the identity of the sender and receiver. For example, Monero uses a technique called ring signatures to mix transactions.

Zero-knowledge proofs

Some privacy coins, such as Zcash, use a technology called zk-SNARKs to encrypt the details of a transaction, including the sender and receiver’s address and the amount being transferred. This provides an additional layer of privacy and security for users.


Privacy coins, like most cryptocurrencies, are decentralized and operate on a blockchain network. This means that transactions are recorded on a public ledger and can be verified by anyone, while the identity of the parties involved is still protected.

Protecting personal information

Privacy coins can help protect personal information from being exposed to potential hackers or cybercriminals.

Financial freedom

Privacy coins allow individuals to make transactions without the need to reveal their identity, giving them more financial freedom.

Protection against government surveillance

Privacy coins can also provide protection against government surveillance and censorship.

Main criticisms of privacy coins

Association with illegal activities

One of the main criticisms of privacy coins is their association with illegal activities such as money laundering, the purchase of illegal goods on the dark web, and the financing of terrorism. The anonymity provided by these coins makes it difficult for authorities to trace the origin of funds and track down criminals.

Taxes evasion

Another criticism is that privacy coins can be used to evade taxes. The anonymity provided by these coins makes it easy for individuals to hide their assets and income from the government, which can result in a loss of tax revenue for governments.

Government crackdown

Some governments have taken a hardline stance against privacy coins, with several countries outright banning their use. For example, Japan has banned the use of Monero, Zcash and Dash, and several exchanges have de-listed these privacy coins, making it difficult for people to buy or sell them.

Association with Deebweb

Privacy coins have also been criticized for their association with Deebweb marketplaces and cybercrime. For example, Monero has been used as a method of payment on the now-defunct darknet marketplaces such as the infamous Alphabay and Dream Market.

Despite these criticisms, privacy coins continue to be popular among a niche group of individuals who value privacy and anonymity. Some projects have been developed to address these issues, such as Tari, which aims to provide privacy and anonymity while also complying with regulatory requirements and preventing illegal activities.


Privacy coins are a form of cryptocurrency that offers increased privacy and anonymity for their users. They use various technologies to mask the identity of the sender and receiver of transactions, providing a way for people to keep their financial activities private. While privacy coins have been criticized for their potential use in illegal activities, they continue to be a niche market in the cryptocurrency space.

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]


Understanding Shiba Inu Coin





Lately, Shiba Inu Coin has gained significant attention in the crypto market, despite its relatively low value. This article aims to provide insights into the Shiba Inu Coin, its origins, and its potential as an investment. If you’re curious about this cryptocurrency and whether it’s worth investing in, you’ve come to the right place. Let’s delve into the world of Shiba Inu Coin.

The Genesis of Shiba Inu Coin:

Shiba Inu Coin was created in August 2020 by an anonymous individual or group known as Ryoshi. Inspired by Dogecoin, it is an altcoin based on the Ethereum Blockchain network. The coin takes its name from the popular Japanese dog breed, Shiba Inu, and has garnered attention through its dedicated community, memes, and association with a lovable dog.

Understanding Shiba Inu Coin:

Shiba Inu Coin is a decentralized cryptocurrency developed within the Shiba Inu Ecosystem. It operates as a meme coin and has been dubbed the “Doge-Killer.” While it may not have reached the value of Dogecoin yet, Shiba Inu Coin has made significant strides in the crypto market and gained popularity among investors.

Exploring the Shiba Inu Ecosystem:

The Shiba Inu ecosystem is a vibrant community where enthusiasts come together to discuss their love for the breed and exchange information. It encompasses various decentralized applications (DApps), protocols, and platforms built on the Ethereum blockchain. Within this ecosystem, the Shiba Inu token (SHIB) plays a role as an ERC-20 token, parodying Dogecoin. It serves as a means of exchange within the ecosystem.

Considerations for Shiba Inu Investing:

If you are contemplating investing in Shiba Inu, there are several factors to consider. Firstly, align your investment goals with the potential of Shiba Inu Coin. Assess your risk tolerance and evaluate if this investment fits within your financial portfolio. Additionally, keep in mind that Shibas, metaphorically referring to the coin, are known for their willfulness and dominance. So, be prepared for potential market volatility.

Shiba Inu Coin: The “Doge-Killer”:

Shiba Inu Coin gained attention as the “Doge-Killer,” primarily due to its association with Dogecoin. It offers an alternative investment option with faster block times, higher supply, and a lower market cap compared to Dogecoin. While the title “Doge-Killer” carries some speculative weight, it highlights the potential of Shiba Inu Coin within the crypto market.

Popularity Factors:

Shiba Inu Coin has gained popularity for two notable reasons. Firstly, a tweet by Tesla founder Elon Musk expressing interest in owning a Shiba Inu dog created a buzz, leading to a 300 percent increase in prices. Secondly, the coin experienced a price drop of up to 40 percent when Ethereum founder Vitalik Buterin donated a significant amount of Shiba Inu Coins to the India Covid Relief Fund.

Advantages and Disadvantages:

Advantages of the Shiba Inu ecosystem include its user-friendly interface, customizable features, and a focus on security and privacy. However, it’s important to note that the ecosystem may not be available in all countries and is still in development, which may impact its stability and privacy features.

Final Thoughts:

Shiba Inu Coin has emerged as an intriguing cryptocurrency within the crypto market, attracting both attention and investment. While it has gained popularity, it’s essential to thoroughly assess its potential alignment with your investment goals and risk tolerance. Stay informed, exercise caution, and make informed decisions when considering investments in Shiba Inu Coin or any other cryptocurrency.

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Ripple Acquires Crypto Custody Firm Metaco in $250 Million Deal

June G. Bauer



Ripple, a prominent U.S.-based cryptocurrency company, announced on Wednesday its first major acquisition, with the purchase of Switzerland-based crypto custody firm Metaco for a staggering $250 million, Reuters reported.

Metaco specializes in developing cutting-edge technology that enables financial institutions to securely store and manage digital assets. Notably, its client list includes renowned entities such as Citi, BNP Paribas, and Societe Generale’s digital asset arm.

The allure of crypto assets among investors has waned following a significant drop in cryptocurrency prices in 2022 and the subsequent collapse of major crypto firms, including the U.S.-based exchange FTX. The incidents have made investors increasingly wary of how and where crypto assets are stored, especially considering the risks associated with platforms freezing withdrawals and causing substantial losses.

In light of this, Ripple’s CEO Brad Garlinghouse expressed his anticipation of heightened demand for crypto custody services from institutional investors. He emphasized the importance of focusing on infrastructure, which provides stability and insulation from the volatility often associated with the crypto market. Garlinghouse stated, “If ultimately you’re solving a clear problem at scale for these customers, there’s going to be demand there.”

Garlinghouse also highlighted the appeal of Metaco being headquartered in Switzerland with a predominantly non-U.S. workforce, particularly given the mounting regulatory actions against crypto firms by U.S. authorities. He cited the clear regulatory framework in other markets, which fosters an environment conducive to investment.

Ripple’s native token, XRP, currently holds the position of the world’s sixth-largest cryptocurrency, with approximately $23 billion worth of coins in circulation, as reported by CoinGecko, a market tracker. Ripple revealed that over half of the $250 million acquisition cost was paid in cash, while the remaining amount was settled through equity.

In 2022, Ripple privately expressed interest in acquiring assets from bankrupt lender Celsius. However, last year, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging the company conducted an unregistered securities offering amounting to $1.3 billion. Ripple staunchly refuted the charges, asserting that XRP is a currency and not an investment contract requiring registration.

Despite these challenges, Ripple’s CEO emphasized that the company is “not in any hurry” to pursue an initial public offering (IPO) and disclosed that the company holds approximately $1 billion in cash reserves. The acquisition of Metaco signifies Ripple’s strategic move to strengthen its position in the crypto custody sector and capitalize on the anticipated surge in demand from institutional investors.

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Watch Videos, Earn Free Crypto, and Be Your Own Boss on Odysee





Today we will be reviewing Odysee, that offers an alternative to centralized giant platforms like YouTube, where users have faced issues with censorship, demonetization, and content takedowns. Odysee platform aims to provide a decentralized WEB 3.0 where users can publish their content without fear of censorship or demonetization.

Odysee’s main website

What is Odysee?

Odysee is a decentralized media-sharing platform that is based on Lbry (pronounced “library”) blockchain protocol (LBC). One of the best things about Odysee is that you can earn money for your uploaded content by receiving tips in LBRY Credits (LBC), a cryptocurrency that is native to the LBRY network. You can also earn LBC coins by creating channels, watching videos, uploading media, referring friends, and participating in the community.

Odysee website is so similar to YouTube. As you navigate through the pages of the site, you’ll notice a striking resemblance to YouTube in terms of its overall design and layout but in a cleaner way. Once you log in to your account, you can easily upload your own videos or explore popular, new, and trending videos. The platform also allows you to save interesting videos to your Watch Later list for later viewing and re-watch videos you have previously browsed.

The platform is so similar YouTube

How to Get Started with Odysee

To get started on Odysee, users need to register an account and verify their identity. According to Odysee’ website, verification is necessary to ensure that the platform remains safe and secure. Once verified, users can start publishing their content on the platform.

Having a verified account will make you eligible to earn LBC coins. for watching videos, you must have a verified account on Odysee. In most cases, new account will be verified automatically, you can verify your account by clicking on the “Profile” icon in the top right corner of the Odysee website and following the instructions.

Odysee’s verification processes

Any new contents you upload to Odysee will take a little bit to available to everyone as all the uploaded content is stored on the LBRY blockchain, and each piece of content is assigned with a unique hash on the blockchian.

How to Earn LBRY Coins on Odysee

If you’re looking for a way to earn few crypto from your videos, Odysee is a great option. You can earn LBC coins by creating channels, watching videos, uploading media, referring friends, and participating in Odysee’s community.

Videos LBC Tips

You can earn LBC by receiving tips from other Odysee’s users. Once your account is verified, you will be eligible to receive LBC tips for your uploaded video contents. Users can send tips via LBC credit or via fiat money (using credit cards).

Tipping other users

Odysee Earn Per View

Odysee pays users a small amount of LBC for every video they watch. The amount of LBC you earn per view is based on the length of the video and the number of views it has received.

My wallet’s balance after watching a video hosted on Odysee

Other ways to earn LBC coins on

You can earn LBRY Credits (LBC) referring friends, and participating in the community.

Award for following a channel

Creating a New Channel on Odysee

Creating a new channel on Odysee is a straightforward process that can be completed in just a few simple steps. Odysee allows users to sync their current YouTube channels with their newly created Odysee channel, making it easy to transfer content from one platform to the other.

To create a new channel on Odysee, follow these steps:

  1. Go to the Odysee website and click on the “Create Account” button.
  2. Enter your email address and password, and then click on the “Create Account” button.
  3. You will be taken to the Odysee dashboard.
  4. Click on the “Create Channel” button.
  5. Enter the name of your channel and a brief description.
  6. Click on the “Create Channel” button.
Creating new channel

If you already have a YouTube channel with at least 100 subs and it’s content meets Odysee’s standards (original and quality content), you can easily sync its content to your Odysee’s channels.

Syncing my YouTube channels

Most likely you will be receiving the bellow rejection email if you synced content didn’t meet Odysee’s guidance

LBC/USD Price Chart

Our Conclusion

Odysee is a great platform for watching, sharing, and creating videos. With its decentralized, blockchain-based model and wide variety of features, Odysee is a great option for users who are looking for a more censorship-resistant and user-friendly video platform. Its integration with the LBRY protocol and use of blockchain technology makes it a unique and secure alternative to media platforms like YouTube or TikTok

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