There's no freedom without privacy, and as such, there's also no free money that's entirely free without self-custody and privacy. On the other hand, crypto regulations are changing to a point of no privacy. The Blockchains fixed some things... self-custody of assets, open ledgers (verifiable transactions), programmable money & composability. But they also created a new privacy problem: Every onchain action is public forever. Wallets are now a full history book of Net worth, Trading habits, Protocol usage, Social graph (who you pay / interact with). Crypto is now vulnerable as most chains are transparent and vulnerable to digital IDs, especially with the advent of the CBDCs. Most cryptos cannot be considered currency, let alone money, as money requires fungibility which most of the chains do not offer. 1 Privacy coin = 1 Privacy coin Only privacy coins offer censorship resistance and true freedom to transact and interact. Blockchains are mostly transparent, decentralized, but not private. Privacy is the Achilles heel of crypto, and with the interference of governments, institutions, SEC and new regulations for crypto, privacy coins are just the solutions. Today, under the EU Markets in Crypto-Assets (MiCA) framework, most exchanges wont list fully autonomous coins. A good example is the delisting of Monero. In may 2025, @VitalikButerin stated in a post, "Privacy is the true Alpha". In April 2024, Ethereum co-founder Vitalik Buterin moved 100 ETH, to @RAILGUN_Project , a well-known crypto privacy mixer. It will interest you to know that in the last 1 month, the privacy narrative has been the stand-out meta in crypto with a 100%+ rise in the sector, with $ZEC, $DASH, $ICP and $XMR gaining good inflow and upsurge in price....