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Comment by kzrdude | Hacker News Reader

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kzrdude·

At some point there must be migration from Bitcoin onto a technology that's actually designed for privacy.

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Monero. The darknet markets are starting to accept this as a form of payment.

Most of the volume on exchanges seems to be Bitcoin <--> Monero. According to 24 hour volume rankings [1], volume is:

1. XMR / BTC .. $11,500,000

2. XMR / USD .. $ 65,000

[1] http://coinmarketcap.com/currencies/volume/24-hour/

That tells more like that speculators are flocking to it... There is always some altcoin that is currently speculators favourite.

To measure actual usage, one could watch how many transactions are done per hour or something like that: http://moneroblocks.info/

Or ya know.. Use privacy tools like you do for the internet. Email is sent over unencrypted communications but there are plenty of ways to make it private.

What's with this "we need something new" instead of improving what we have? Ready to jump into another new cryptocurrency that promises the latest and greatest "blockchain tech"? I thought you guys said Ethereum was gonna be the next big thing

Bitcoin is inherently not a privacy minded technology, being able to track every transaction ever is a feature, not something to discard. It's also a feature no 'privacy tool for the internet' (eg. tor) can easily change.

I'm so not part of 'you guys', btw d:)

Bitcoin has too much momentum to plausibly be replaced in the near future. More likely is that bitcoin integrates ZKP-based cryptographic privacy once it becomes viable.

https://www.bloomberg.com/news/articles/2016-08-29/new-digit...

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