/biz/ - Business & Finance

>>54870007
>Is world governments making it illegal bullish or bearish?

Bullish as fuck. Outlawing Monero signals it works exactly as intended and is enough of an actual threat to warrant such action.

Meanwhile, what kind of signal does outlawing Monero but NOT Bitcoin send? Who is going to trust crypto the government is seemingly OK with?

>>54636846

Yeah, delisting is what the Streisand Effect thrives on.

>>53850021
>lol baggies never sell. have fun when cbdc is introduced and your currency is illegal

Being outlawed = an admission said crypto is a threat and actually works, which in turn makes for an epic Streisand Effect.

Not being outlawed = a confirmation that said crypto is not truly a threat =. not truly permissionless & censorship resistant = essentially worthless and temporarily propped up by hype & speculative mania


> you can't exchange it into fiat.

Sure you can. Amounts under $600 can be deposited by bank wire via a DEX deal. Or you can buy bullion with XMR from reputable dealers and sell those for cash. Or sell to your local Monero street dealer. Or do the cash-in-mail/dead drop deals darknet vendors opt for.


> that's why you're holding it, in anticipation that the fiat value will increase

You seem to have us confused with garden variety cryptofags lol

>>53754783
why aren't the grey market watch dealers doing more deals in monero? those guys love to avoid taxes at all cost. it is one of the greasiest games in the world. the used watch market.

>>53699075
exchanges batch sends, the actual send could take longer than the swap expiry. all up to them. just send your btc to your segwit address if you want to do it cheaply. electrum.org is a respected btc wallet that supports segwit addressing.
>>53699089
Dubai. Opaque banking can't launder like hodling xmr.
It is a good thing.

>>53660759
>if a large entity like a state or even a group of states decides that they want to perform a 51% attack on monero network then it would be quite easy for them.

What is easier to attack is also easier to defend. There are millions of potential Monero miners out there just waiting for the Streisand Bat Signal.

>>50906383

lol Monero's value has nothing to do with ethics any everything to do with its utility. The darknet markets won't suddenly stop accepting XMR if its outlawed, if anything banning it would be a validation of the tech and actually increase demand.

>>30361758
>certainly many countries will ban it and will make the price drop dramatically, so I prefer to wait

Doesn't work like that. Demand + scarcity = higher price.

>>30161276
>All right Monero bears, shill me on why I shouldn’t start investing into this? Give me legitimate reasons why I shouldn’t choose this over say Ethereum. Considering dropping a grand but I want both sides of the argument.

Da gubmint dun gunna ban eeet!

>>30141786
>Impossible, it will be banned and then destroyed by the feds

Atomic swaps = other cryptos are the on/off ramps = banning XMR won't change anything