/biz/ - Business & Finance

They don't call it a "surveillance coin" for nothing. The day I learned governments are able to blacklist addresses on transparent blockchains is the day I sold all my BTC, something this vulnerable to fuckery will never be trusted enough to become "digital gold."

>>29520202
>You don't understand the fundamental characteristic of Bitcoin which is decentralization and trustlessness.

Other fundamental characteristics include no privacy and shit fungibility, which makes it vulnerable to governmental surveillance and blacklisting.

And this is what they expect to become "digital gold" lol

>>29515544

No fungibility, no future, maxipad. Enjoy your transactional headaches.

>>29474906
>Just buy fucking BTC if you want to make actual money.

Just make sure it hasn't been blacklisted first.

>>29384021
>1. No one cares about privacy

No one cares about privacy until they receive tainted Bitcoin from a blacklisted address and enter a world of pain.


>2. BTC is decentralized.

If by "decentralized" you mean "dependent on China's goodwill", sure.

>>29292002
>Just buy Bitcoin, bro

But make sure its not blacklisted first.

>>29287879
>I think if bitcoin pops XMR will pop much more percentage wise because people will think even bitcoin has failed so why bother with other projects

Monero has better fundamentals than Bitcoin and is set to become the default currency of the darknet and criminal underworld, meaning it will be in demand regardless of any market crashes, so while its price might intially drop it should recover as the dust settles.

Bitcoin was sustained by darknet adoption in the early days, now that is going away and it hasn't managed to displace PayPal on the clearnet, so unless the "digital gold" meme comes to fruition it really doesn't have anything left to prop it up long-term.

And when you throw in the constant threat of receiving tainted coins and governmental blacklisting due to shit privacy and poor fungibility, it doesnt even stand a reasonable chance of becoming "digital gold", nobody is going to accept a 'greater-than-zero' chance of seizure regardless of network effect or institutional support, especially when Monero offers you something better and more reliable.

There's literally no other crypto that grows as rapidly as bitcoin and monero is the only crypto offering real incentive for investments due to its anonymity

When the fuck will bitcoin drop so I can buy in? I am literally waiting to buy in to bitcoin

>>29253831
>The "big one" BTC crash will cleanse the space of normies. It is only going to be once it is obvious that BTC just lets you be easily tracked by literally everyone and taxed with every transactions that Monero will start its real run in earnest.
>Who wants to show their bank account deposits publicly?

Continuous governmental blacklisting will give BTC a bad reputation and lead to loss of confidence with time.

>>29124881
>Bitcoin has a public ledger, Governments have access to KYC and can infer new information through heuristics.

They've been doing just that and blacklisting Bitcoin addresses with increasing regularity since 2018.

"Store of Value" lol

>>29053746
>if bitcoin starts getting blacklisted based on its tx history then that only strengthens the case for monero imo

Starts? Its been happening since 2018.

Shitty privacy and fungibility + governmental blockchain monitoring = continued flagging of "suspicious" addresses, who wants to hold an asset that vulnerable to effective seizure?