Shouldn't this be 2# or 3# mcap?
It's the gold standard token for pretty much the only purpose crypto is used for, buying shady shit on the internet or to hide your assets from the popo.
Shouldn't this be 2# or 3# mcap?
Ryan Morales
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Joshua Peterson
It will be
Luis Richardson
lets assume you're right. does monero actually become worthless or is it still mostly private? would the monero devs allow it?
Jordan Fisher
That’s pretty much the only thing crypto WONT do in the future. Cash will always rule the underground, but digital currency will be regulated and Monero will not survive. Cool concept, and will always be a part of crypto history.
Josiah Johnson
Huh? Paper cash will be regulated out within 15 years (probably 10) for that exact reason (hard to regulate)
Hunter Reyes
I sold my XMR for $0xMR
Gavin Scott
"0xmonero" is not a real project.
what actually exists in the project is all plagiarized.
what doesn't exist, the claims, are all vaporware.
reddit.com
Chase Barnes
>the only purpose crypto is used for, buying shady shit on the internet
It's not 2012 anymore
Alexander Wood
>Shouldn't this be 2# or 3# mcap?
No, because most people in crypto just want to make money even if they have to pay half to the jew. Only a too pure for this world minority are interested in improvising, adapting and overcoming the glow niggers.
Eli Thomas
Not number #2. ETH belongs in that spot. LINK #3. XMR #4
Matthew Young
It should be #1 but it will go back to #3 again so you can expect about a 10x vs every other crypto soon.
Ethan Johnson
Name another purpose.
This. Monero is safer than cash because it at least has a chance of surviving regulation. Globalists are itching to ban cash.
Kayden Perez
and PNK number 5
Jeremiah Walker
Yep. Accumulate while you can user. Monero slowly grows in adoption every day. That low inflation is a big deal.
Wyatt Torres
if monero actually does what it claims then it will be banned from all exchanges and get all the fiat gateways removed making it basically worthless. if it doesn't get banned it means it doesn't actually do what it claims which makes it again worthless
Luke Cruz
OMG is #4 you imbecils.
Matthew Sullivan
>What are atomic Swaps
Luke Mitchell
explain to us how exactly does that help you hide your fiat? all exchanges that let you convert fiat have kyc. Even if someone converts all his fiat to monero the government still knows you have X amount of fiat into crypto and you are still liable
Carter Barnes
>to user, PanopticonExchange has suspended your account pending investigation. Our security system has flagged bitcoins passing from your exchange account as having been used in an unauthorised atomic swap. Please submit proof of legitimacy documentation to unlock your account. This matter has been referred to local law enforcement partners.
>we apologise for any inconvenience!
Dominic Brooks
Atomic swaps allow you to p2p swap bitcoin and monero you retard. And later on it will allow Monero swaps with every cryptocurrency. So now you can move your crypto off of a kyc known wallet and onto the monero blockchain where it disappears.
> as having been used in an unauthorised atomic swap.
impossible. It is a peer to peer swap. It would just look like somebody sending bitcoin to another bitcoin address. There is no way to link it to to the atomic swap. The atomic swap is set so Bitcoins are sent to a bitcoin address and Monero is sent to a monero address with failsafes in line in case one party is trying to steal the bitcoin/monero.
Ironically, what is currently happening is exchanges are flagging bitcoin that are going through known tumblers or that were used in dark net purchases. They can do this because of the transparent ledger Bitcoin has. Do some research on chain analysis and then when you realize privacy on blockchain will be at a premium, you will then be Monero pilled.
Carter Gray
it's stupid and slow we oracle gang now. read about DIA.
Juan Bennett
>name another purpose
Blockchain technology can be applied in tons of usecases. Cryptocurrencies can be used as "shares" for companies developing blockchain technology. Also the DeFi is a thing.
Aaron White
are you honestly this dumb? if you deposited your fiat into a kyc exchange the gov already knows you have that amount of fiat. it doesn't matter where you hide it afterwards, you will still be liable for the nominal value of that fiat. You might as well just dig a hole and hide your fiat in it, you achieve the same thing
Kevin Ross
jesus fucking christ.
yes, on ramps with kyc allow governments to loosely track how much crypto somebody purchases. However, with transparent ledgers, crypto purchases can be DIRECTLY tracked. So the government knows what wallet user uses for all of their purchases by literally looking at the blockchain and following the transactions.
With Monero, you can't do this. It's plausible deniability. The amount would be washed and suddenly it becomes impossible to follow the funds the second you withdraw Monero from an exchange. You can then make whatever purchases you want and not worry about being tracked or, once atomic swaps come along next year, you can then swap to whatever crypto currency you like with the peace of mind of knowing that the government has no idea how much of that coin you own. The potential use case for this is massive. Consider how many anons on this pajeet board need to wash their uniswap tokens to avoid the tax man. Consider the layman who is worried about becoming divorce raped in the future. Consider adoption from the deep state who want to send funds without being traced. The use cases for Monero are basically everything where Bitcoin fails with privacy.
Bitcoin taint is a big problem and people get funds locked on onramps every day because of it. And the problem will only get worse.
>you will still be liable for the nominal value of that fiat
wrong. If you aren't paying your taxes that is one thing, but the government would have no way of proving how you got your Bitcoin's in the first place if you were to use an atomic swap.
>You might as well just dig a hole and hide your fiat in it, you achieve the same thing
what is inflation
Connor Reed
>Cryptocurrencies can be used as "shares" for companies developing blockchain technology.
Why do you need a decentralized ledger for that? All crypto use cases where the blockchain is replaceable by a central database are fake and gay.
Nicholas Foster
>Blockchain technology can be used [...] for [...] blockchain technology.
>DeFi
Use cases outside of self referential ponzi trading, please.
Samuel Brooks
when you're as experienced as i am you can immediately tell the experience levels of others just from a couple of sentences.
drop the shitcoin.
stack sats.
be humble.
Jacob Sullivan
fags like you have been saying the same shit since bitcoin launched.
>muh gonna get destroyed
>mug gonna get regulated
you dumb ass don't realize that this technology doesn't allow that?
You can tax it but you can't touch it. it's unstoppable unless you shutdown the internet.
you try to predict the future and yet you don't know anything about it.
Jeremiah Bell
>hello mr.user, we detected by your fiat deposits in this exchange that you currently have over 1 million dollars in undeclared wealth which you now owe taxes for
>oh yes mr.IRSman, I actually lost that money in some mysterious unknown place, so I guess now I don't owe you anything
>oh sure user, no problemo, sorry for bothering you!
imagine being unironically this dumb to actually think this is how it works
Parker Roberts
>if monero actually does what it claims then it will be banned
That's what people said about bitcoin but to be fair bitcoin doesn't do what was claimed.
Josiah Cooper
>every first world government makes owning or using Monero punishable by up to 30 years in prison, creates a Monero task force for finding criminals
You gonna risk it?