/biz/ - Business & Finance

>>30356376
>Simple question: what methods will these billionaire drug lords use to get into fiat <-> Monero? And not in Mexico, in US.

Organized crime by its very nature is absolutely flush with cash, they literally have stockpiles of the stuff. So cashing out to fiat is stupidly easy at any time.

The real question is: how does XMR get into the OC ecosystem en masse in the first place? Well, given the historical corruptibility of trad financial institutions, buying up a shitload of BTC via bank wire should be a cinch, probably use some shell corp voodoo to make it seem legit. Then gradually swap for XMR and build up strategic stockpiles. Use XMR back and forth and only cash out to fiat when necessary.

>>26119350
Doubly based. Keep the memes flowing, boys.

>>26034671
>atomic swaps that rely on bitcoin will be a FRACTION of actual bitcoin itself, simply because moneros privacy demand is a FRACTION of the full transactional demand of bitcoin.

Liquidity shouldn't be an issue since demand will be asymmetrical in favor of Monero. More BTC holders will be seeking to acquire XMR (for mixing/DNM purchasing/money laundering) than vice versa.

And since the possibility of receiving tainted coins will always exist XMR holders will be able to demand a premium for taking on the risk, further devaluing BTC.


>but there is no reason to hold it over bitcoin because you think bitcoin itself will provide enough swaps to make you rich on monero.

lol nobody thinks the swaps market will be the primary driver of XMR's growth. The anticipated influxes of offshore/black money assets will be. Read the Satis Group analysis, it literally says as much.


>you are literally relying on bitcoin, so just hold it and use monero if you actually need it

Bitcoin isn't fungible or private and I don't want to risk having my stash get blacklisted.

>>25843132

>If instead of going to an exchange and buying XMR from someone I can just swap btc instantly for it then there is no requirement to pay more than the market price?

First, if XMR can't be bought on exchanges i.e. delisted & banned then you don't really have a choice. That puts XMR swappers at an advantage.

Second, as I explained, BTC is not scarce and is inherently less desirable to XMR holders due to fungibility/taint issues.

So, you (BTC holder) could offer me (XMR holder) the going market price and I would simply demand an added premium for taking the risk of receiving tainted coins.

Don't want to pay? You don't get my XMR. But if I want BTC all I have to do is log on to Coinbase and I'll get verifiably untainted coins.

In other words, XMR market price + taint premium = higher price.