Bitcoin and cryptos have been all the rage as of late. Litecoin has been all the rage the last few days. Due to dramatic hike. It jumped from just under 100 to at one point 360 per coin. As I write this it's hovering around 300. I am not going to say get in or get out of this but instead hit on a more general topic: private coins. Privacy coins offer anomynity that bitcoin and litecoin do not. Monero is a big name in this area but is not alone.
Privacy coins are 100% needed. Now, some will argue they will be used for illegal transactions and say if you got nothing to hide you shouldnt worry. Those are western and first world ways of looking at this topic however. Before I go further I must be honest that I fall under the view that less govt in my business the better.
The bigger issue here is in countries where currencies are not stable, govts that are corrupt and sieze assets, and lack of insurance if things do go bad. We in first world countries arent exposed to these issues and therefore dont see the potential that cryptos like this have. And for all the cryptocurrency haters this yet another reason they are here to stay.