When it comes to privacy coins, John McAfee says their adoption is on the way based on their use by criminals. McAfee noted that criminals were quick to use the technology while the government was slacking. He tweeted the following:

Criminals are using privacy coins.



Excellent!



They are first to use every valuable technology.



Faster automobiles as getaway cars in the 1930s,



Telephones to co-ordinate crimes.



Authorities are always behind.



Now,



They have validated

The power



Of Privacy.



Thank God! — John McAfee (@officialmcafee) February 22, 2020

The government needs to adopt it to catch up with them. Government’s adoption will lead to mass adoption.

The design of cryptocurrencies was not to foster crime but to enhance privacy and promote financial freedom. They make it possible to purchase products and services such that it is not traceable by the government or corporations interested in monetization via Ads or any other party. Monero is one of the most preferred cryptos.

Sadly, criminals are leveraging this to operate without getting caught easily. Privacy coins make this possible the most as their design is towards hiding the identity of the person making any transaction. The majority of privacy coins utilize zero-knowledge proof to hide identity.

Despite many people in the cryptocurrency industry seeing this as something bad, McAfee believes the criminals have proved the technology’s capability and it is now up to the government to catch up.

Due to increasing criminal operations with privacy coins, regulatory pressures could increase. Recently, privacy coins were delisted as exchanges attempt to comply with KYC requirements.

We have believers and speculators in the market. The former believes this is a bad thing as it will make the market unhealthy and the government will eventually crash it. The latter believes that criminals bring adoption and demand.

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