XMR

defi exit scams hiding...

Fear of governments banning cash.

If you gamble with Uniswap shitcoins for fun, I guess 40% returns in one month isn't "mooning"

>why is it mooning?
kucoin hacker

Kucoin hacker was a dumbass who doesn't know how to clean his money, he didn't use XMR

no. It's mooning because we were stuck in an accumulation phase for a long period of time and now the low inflation and growing adoption is increasing demand. More buyers than sellers. Monero is for the first time in a while consistently outperforming Bitcoin. Additionally, the price charts show a slow and steady climb with health corrections along the way which means it could last a while.

YFI was the market leader in the defi cycle. It peaked on 12 September on the Coinbase listing hype. Here is a historical snapshot:
coinmarketcap.com/historical/20200912/
XMR was $86 on that day. It started pumping as the defi bubble deflated.

Defi scammers are smart. They know relying on tornado.cash alone to mix their ETH is insufficient.
explore.duneanalytics.com/public/dashboards/UEU02CHiGtNw9crfeD6OJ7bKPnvFtNjOgZ7Vc6uj
There is only 30k ETH ($11.3m) in tornado's shielded pool. Monero has $2.2B in its' "shielded pool". That's 200x larger.
Tornado has less than $10m weekly deposits/withdrawals. We can't see how much moves through XMR per week, but it's probably at least 10x more than that. XMR can be used for payments without withdrawing it from a "shielded pool" to a public ledger too.

It would be fairly easy for chainanalysis to profile every tornado deposit/withdrawal and trace many of them. A tornado user could take precautions to avoid the profiling. However, if the other participants don't do the same, he could still be traced based on process of elmination.

Even "legit" defi tokens like LINK are ridiculously overvalued at best, and inherently scams at worst. The only advantage of decentralization is censorship resistance. The oracle problem for pegged assets is probably not solvable in a censorship resistant decentralised manner.
All the defi protocols lack censorship resistance because they have oracle dependencies. Many have admin keys with freeze functions. They have centralized governance that could migrate to new token contracts to blacklist addresses with the old token. We saw this after the Kucoin hack.
Public ledgers are vulnerable to censorship in general because addresses can traced and blacklisted.

XMR/BTC just recently broke out above the 100 week MA and EMA.
Last time this happened was in July 2016. There was a massive green dildo 10 weeks after the breakout.

Attached: XMRBTC.png (1719x885, 80.18K)

So what's the big news going to be this time?
Listing on Betabay?

Coinbase.

>2

HOW WOULD YOU LIKE 200,000 DOLLARS?

THE GBR WON'T BE BTC TO 100K, IT'LL BE MONERO TO 200K

The catalyst for the upcoming green dildo could be:
- Office of the Comptroller of the Currency releases guidance allowing US banks to deal in privacy coins.
- Bigger hacks and scams that need privacy protection
- Increased adoption of XMR in (...ahem...) certain markets
- Monero sucks liquidity out of overvalued, centralized, redundant coins that lack real adoption and censorship resistance (XRP, BCH, LINK, BSV, EOS)
- Atomic swaps are implemented. XMR becomes the trustless privacy layer for BTC and ETH:
ccs.getmonero.org/funding-required/

If monero is on coinbase then the "btc but newer" secret transactions/bank free element will get lost, since coinbase keeps track of every single transaction.

Unrelated question- if I want to work for the government, would holding monero make them instantly reject me or is it just Boomers and Shaniquas doing the hiring and none of them are aware of what XMR is yet?

I would say the latter honestly

This is nothing
Watch what happens when tge perkins coie position paper gets dropped

tl;dr?

>If monero is on coinbase then the "btc but newer" secret transactions/bank free element will get lost, since coinbase keeps track of every single transaction.
Not at all, because even if you buy it from coinbase they can't trace what happens after or what wallet it goes to. If you still want to be user getting crypto you would still have that option (buying through local monero, bisq, morphtoken, etc).
>Unrelated question- if I want to work for the government, would holding monero make them instantly reject me or is it just Boomers and Shaniquas doing the hiring and none of them are aware of what XMR is yet?
you greatly overestimate Monero becoming illegal

those already dropped

There are different groups within governments that are for, against, or neutral towards Monero.
Many intelligence agencies and federal agents are probably already holding/using XMR.
If a government agent wanted to privately buy or sell information, the safest way to do it would be to use XMR.

Fun fact: Gavin Andresen sold 1 BTC to a CIA agent for cash in 2011:
youtube.com/watch?v=1xcMFKfX9ZU&t=8m50s

Coinbase couldn't trace where the XMR goes after it's withdrawn.
As long as you use fresh subaddresses for everything:
localmonero.co/knowledge/monero-subaddresses

how is monero different to zcash aside from the optional privacy?