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RE: Do you want financial exposure to crypto mining without doing the work or having the knowledge?
I think many governments will regard crypocurrencies as a threat to their monopoly on money printing and will try to outlaw them. I'm a U.S. citizen and am going to obey the law regardless, but I think that crypocurrencies that have strong privacy features will be very much in demand. They will have a natural appeal to people throughout the world who want to safeguard their assets. Monero has done very well in recent months for that very reason. ZCoin and ZenCash are two other privacy coins. As always, please do your own due diligence before investing your hard-earned money.
Forgive me if this is a stupid question, but what exactly defines a “strong privacy feature?”
Coins that allow the owners to hold and spend them without it being easy for others to know it. People with some sophistication can figure out who has engaged in bitcoin transactions if they really want to, so bitcoin is not nearly as private as many people believe. Privacy coins have features that provide some degree of anonymity.
Thanks for the quick reply and useful information!