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A lot of people say that privacy coins are meant for illegal activities and that we don't really need them as persons that seek privacy are the ones with something to hide. I think that we should be able to choose the level of anonimity and privacy of our finance. Does this make me a dark lord exchanging diamonds? well, those guys have been using printed money for ages... and isn't printed money anonymous? For those with nothing to hide, Facebook supporters, etc... why don't you broadcast all your passwords online? oh... privacy issues.... BTC does not fullfill this goal, and even privacy coins still show holes and keep evolving with the recent introdution of the first non-BTC-based MimbleWimble coins... To me, this is an interesting subject that most times remain undiscussed... humanity valued it's privacy in the past, and with the digital age we are forgetting about it... the problem is that privacy is one of the things that helps us to grow as individuals Well, there are many points of view on this, so I would like to see yours 🙂
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Recently, there have been lots of discussion about bitcoin security and safety in transaction. Some people are worried about bitcoin traceability and think bitcoin is not totally anonymous. As you know, bitcoin can only hide identities and transaction data and wallet balances are visible to public. This is a reason for the appearance of some privacy coins like Monero and Zcash. The ledger of these coins are invisible. You can make transactions without being traced by anyone. But what is important is that are privacy coins really safer than bitcoin? Do you think safety is more related to a coin's protocol resistance against hacking or to its visible or invisible ledger?
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The "CUTCOIN" is the first Cryptonote based project which has successfully implemented pure Proof-Of-Stake consensus.In the Cutcoin consensus Wallet balances, transaction amount, sender, and receiver are private by default. Its innovative Proof of Stake consensus is the first to keep the total amount of coins even in staking wallets completely concealed. There is no minimum amount for staking, any amount above 0 CUT can be staked. The project has its own Staking pool for smallholders and it pays out every day.The team behind the project has not stopped there, CUT COIN has successfully implemented privacy tokens on the Cutcoin network (Under testing by community). This makes Cutcoin the first project on which has Privacy token functionality. The tokens deployed on the Cutcoin chain inherit all privacy properties as CUT COIN, MOnero, or any other cryptonote project, including RingCT.Read project whitepaper for all technical details about POS and Token development. Source Code: https://github.com/cutcoin Official website: https://cutcoin.org/ Official Staking Pool: https://pool.cutcoin.org/ Technical Documentation White Paper: https://static.cutcoin.org/cutcoin-whitepaper-v1.0.pdf Token white paper: https://static.cutcoin.org/cnt1-whitepaper-v1.0.pdf Staking guide: https://cutcoin.org/stakingguide Block Explorer: https://blocks.cutcoin.org/ Web wallet: https://wallet.cutcoin.org/ Paper wallet: https://offline-wallet.cutcoin.org/ Blogs: https://cutcoin.org/blog GUI and CLI wallets: https://cutcoin.org/download Staking on Raspbarry Pi: https://github.com/Satori-Nakamoto/CUTcoin/blob/master/Rpi_staking.md Cutcoin Community: https://t.me/cutc0inchat https://twitter.com/CUTc0in https://discordapp.com/invite/UNNzf3J https://www.reddit.com/r/cutc0in/ https://bitcointalk.org/index.php?topic=5087550.msg48784779#msg48784779 https://www.linkedin.com/company/cutcoin Exchanges:
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