/biz/ - Business & Finance

>>30402536
> lol retard, in criminal parlance unpredictability is known as "the cost of doing business"

You are using an ad hominem (not legitimate discussion tactic) at moment you call me "lol retard" which proves you are wrong.

Then you shoot yourself in foot pretending that a catch face "unpredictability is cost of doing business" can be applied in cases where there are clear alternatives that reduce this "unpredictability". Alternatives which I described clearly here: >>30402110

> Crypto simplifies transactions even further, so the volatility risk is an acceptable trade-off.

If there is an alternative which reduces risk (going into stablecoins), they will use that instead of holding your precious Monero bag.

> You realize those funds can literally be frozen at the protocol level, right?

You realise they won't, because there will be no way to actually track the USDC and USDT to the actual crime. Besides USDT has never been frozen for such purpose before.

> "Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request. In the first of its kind, the address had a “blacklist(address investor)” function called on June 16, 2020.

Yeah, ok. And USDT? Besides, if you are smart about this, they won't detect. One would just split it up and there is no real way to tell the money came from the particular XMR trade. XMR is just used as key point in chain for anonymity and then the cartels would go into safer assets. It's just basic logic one would employ to reduce volatility risk, but it's clearly not playing into your "muh cartels will buy my Monero bags" narrative so you conveniently PRETEND to not realise it.

You just owned yourself.

>>30348461
> lol you misread, chief, its UNLAWFUL activity that will push Monero to 5 figures.

1) It doesn't matter in "how many figures" monero will be. All that matters if XMR will outperform BTC. If you hodl XMR and BTC outperforms, you are a retard who lost money due to opportunity cost as measured against index.

2) Unlawful activity and your pedo/drug markets are NOT larger than pension funds and financial institutions. Therefore the money inflow to XMR will be LESS than in BTC.

3) If Monero grows in price it will effectively HURT ITSELF? Why? Because financial regulations will notice "Look, this pedocoin is gaining traction, we must penalise all exchanges that allow it" and Monero will be removed from all major exchanges.

BONUS: If you were smart you would have argued that trillions hidden in offshore institutions would flow into XMR. But literally nobody used this potentially strong argument. Problem is - due to Monero being so restricted by lack of on-ramps and off-ramps, due to it being so tainted and due to it becoming more restricted in future it is very unlikely that offshore holdings will use Monero instead of just using cleverly obfuscated BTC.