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Private cryptocurrencies, will they really be useful?

  • Thread starter Thread starter Riberet19
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Riberet19

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Private cryptocurrencies aim to maintain your anonymity while you make transactions within their blockchain, these currencies have been harshly criticized by both governments and regulators, saying that they are a threat, since they can be used to finance terrorism, money laundering, or drug trafficking, but another point is that it maintains the anonymity and privacy of the user, which is something that is almost gone on the internet.

'with the arrival of CBDCs, many people have set their sights on these cryptocurrencies, some examples are Monero, Zcash, Secret Network or Dash, but will these cryptocurrencies really be useful and used when all our money is in the hands of central banks?
 
I do not see any purpose of private crypto currencies except for money laundering, funding terrorism and criminal activities. I do not see any purpose of being 100 percent anonymous.
 
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