/biz/ - Business & Finance

>>14070152
All these talks about "laundering" are the wrong way of thinking in the first place. You should aim at a future where you can pay with crypto directly, not redeem it for fiat all the time

A real dex is bisq (no shitcoin scam)

XMR is top 5 EOY

Check out CloakCoin. Solid community project with no premine and no ICO since 2014. A privacy coin which got audited by Cognosec looking really cheap right now.

it will just fill the gap of all the disappearing fiat-exchanges

>>14070152
they will ban crypto-fiat ramps regardless. prepare accordingly

Monero is basically the only cryptocurrency that is actually cryptological and being used as a currency. Despite all the hullabaloo about supposed "projects", they're all hypothetical... the only two crypto ACTUALLY being used is buttcoin (but only as a SoV) and Monero (as a legitimate fucking currency)...

VHS tapes became the standard thanks to porn and Tor and VPNs became a widespread used privacy system thanks to pedos and junkies. Sometimes things need to go through these less than savory beginnings to become the standard... but I repeat... people actually USE xmr and for what is was intended for.

monerotards are by far the most delusional morons on cryptosphere.

Imagine being so naive to think governments will just allow everyone a free tool to money launder and send money to terrorists. When it gets banned from all exchanges the price will tumble by 99%

>inb4 but muh dex
dex still have to run on a website that can get shut down. The only place left to trade this shit will be from pajeets on the streets or some slow ass tor site that charges you 50% fee

>>14071270
oh and even if somehow manage to buy this shit it will be completely worthless since you will not be able to cash out anywhere and the only shops that will ever accept it are drug dealers

>>14071267
This anon knows what's up.

>>14071270
This anon is bluepilled and brainlet.

>>14071270
>>14071286
Yeah, banning things traditionally kills interest in them.

>>14071319
yes you are right. Just look at North Korea and Iran, they got filthy rich after they got sanctioned

https://ethereumworldnews.com/are-privacy-coins-as-zcash-buggy-with-undetectable-inflation/

>>14070177
Checked and this

>>14070152
>Can anyone provide an argument as to why regulators wouldn't just outright ban crypto-fiat ramps (i.e. exchanges) when this situation unfolds?
>they will ban crypto-fiat ramps regardless. prepare accordingly

Supposedly many drugs are totally banned. Whether the ones that get through are intentional, used to supply the elites, a result of practical limitations, or a result of legal limitations is up for debate.

Same things will happen with alternative currencies.

>>14070152
You can't ban maths. Atomic swamps are around the corner. Elite will use Monero so they will never go full force against it

>>14071345
Except sanctions work on governments because you can detect their cashflow and essentially tax it with sanctions. Ironically enough, if they made payments in monero (they allegedly already make plenty of payments using gold) they'd be fine.

>>14071816
and if North Korea and Iran start using monero to get around sanctions they will go full force against monero. Everyone dealing with monero would risk jail time. No normie, or serious investor would want to touch a coin like that, the only people left using it will be criminals

>>14071837
Plenty of people commit crimes already with cash and gold, doesn't seem to stop anyone serious.

>>14072024
cash is more untraceable than monero. to use monero you first have to buy it with fiat. all fiat entry points are regulated. all cash out points are regulated

>>14070177
Coinbase banned me from their API for operating a gift card shop. I bought gift cards from like amazon and target to resell for crypto. Their terms of service specified you cannot accept payments for a long list of items such as virtual goods, game items/currency, gift cards, etc.

>>14072070
you can mine monero

https://www.ccn.com/binance-ceo-indias-insane-anti-crypto-bill-will-pump-monero-and-zcash

>>14072070
>he doesn't know what p2p transactions are

>>14072070
mine it, atm, cash to xmr p2p transaction, etc

people get very clever when gov bans things so expect more ways

>>14072095
probably because of high number of chargebacks against cornbase.

>>14072095
what did you use instead?

>>14070152
Probably because Monero isn’t 100% private. Most tards don’t know this though.

>>14072627
it will be with the first implementation of trustless zksnarks ;)

>>14072627
please explain to an anon who has a phd in cryptography why you believe xmr's protocol is flawed.

*grabs popcorn*

>>14072627
i'm not suggesting it's a bulletproof scheme. but i am suggesting there's an extremely high likelihood you have no fucking clue what you're talking about.

>>14070177
This might possibly happen but not in this century.

>>14072923
well he's not 100% wrong. they have the ability to essentially trial and error their way to finding the suspect. imagine police having to do a raid on a house but they dont know which house it is, they only know the neighborhood that the house is in so they have to kick in 100 doors to find the 1 guy they're looking for. that's the best analogy i have for moneros privacy. you are hidden by the crowd, not 100%, but most people wont spend the time and effort it takes to find you unless you are the worst person in the world

>>14072965
bravo on the good response. similar to btc consensus in terms of how it leverages probabilities to offer a functional solution.

nothing is airtight. but xmr isn't too far off. and for that, i think the project has done enough to merit... simply just not being shat on by brainlets.

>>14071270
simple question: do you believe that privacy is something that at least some people value? and is it something that those people will continue to value.. particularly in light of attacks on said privacy?

>>14073108
privacy =/= untraceability

everyone wants to have privacy, only criminals want to be untraceable

>>14072095
>maximum brainlet
Use a wallet, coinbase is so cautious with its customers because they know the day that the SEC wants to swing their massive G-cock, that they'd try to make an example out of them...

>>14073156
A --> $ --> B

assuming both parties (A and B) trust that the $ isn't counterfeit, under what scenario does it make sense that someone outside of A and B would need to know about the transaction?

>>14073374
why are you replying to this brainlet. anyone against basic financial privacy is a brainlet

>>14073156
i also disagree with the idea that everyone wants to have privacy. if that were to be the case, then consumers would demand privacy from corporations - and is that happening? see: facebook and its (very successful) revenue model.

>>14073374
If uncle sam doesn't get his cut or the transaction is illegal

>>14073425
>i also disagree with the idea that everyone wants to have privacy
That's just not true. When you open your wallet to pay someone do you want to show them your entire bank account balance?

>>14073410
banks offer you financial privacy too moron
>>14073374
>>14073425
define privacy. you can have privacy using bitcoin too. nobody will know a wallet is on your name until they have access to exchange information which should be encrypted anyway. So, in what scenario would anyone want MORE privacy than this, unless he was a criminal?

>>14073511
if you send btc to someone they can see all the money you have you absolute BRAINLET you are NEVER going to make it

>>14073660
then make more wallets moron. imagine being THIS retarded

>>14073685
>imagine thinking the average person will be willing to do this

once xmr ux improves, it will absolutely dominate the Store of Value crypto space, which is even larger than the smart contract sector

>>14073703
so..how will the average person use xmr if its going to get banned from all major exchanges? will the average person use7 proxies to buy xmr from darknet?

>>14073723
>what are atomic swaps

>>14073761
and how are you gonna access the DEX? from a website? a website that is hosted on a server that the government can just ban if it sells xmr? imagine being this much of a brainlet

>>14073817
>he thinks a distributed DEX is the same as a website

hooooo booyyyy we got us a newfag

>>14073870
>he thinks the government can't shut down DEX
lmao how cute. I wished I was a dumb 12 year old kid again. You will grow up eventually

>>14073156
>everyone wants to have privacy, only criminals want to be untraceable
That's obviously false. There are plenty of legitimate cases for not wanting a transaction traced back to you that are not criminal in nature. You're just the same old anti-Monero troll junking up yet another thread with your stupid commentary. It's all so tiresome.
>can't shut down DEX
That's kind of the idea. It's a peer to peer app. There's no centralized host. Shutting down a DEX would be like shutting down torrenting. Yes, they can make it difficult, but short of destroying the internet, they can't actually stop it. People will just create more workarounds.

>>14073886
how would the government shut down a DEX run by MNs? they'd have to take down the entire network

>>14073511
>you can have privacy using bitcoin too
Also, since you said this yourself, doesn't this mean the government should go after bitcoin/fiat onramps first? If bitcoin can also be "private" as you say, and it is obviously way more popular than Monero, does this mean that Bitcoin will be outlawed as well?

>>14071270

get lost faggot brainlet

>>14073907
>>14073912
thats the point brainlets. nobody said it would be impossible to buy xmr. it will just be really hard, not worth the effort for the average person, thus only criminals and few brainlets like you will ever be able to buy it
>>14073946
cope more tard kid

>>14070152
its not privacy based, its anonymity. some guy explained this on his site pretty good: thecaseforbsv.com

why would anyone want to exchange on a dex for monero when you cannot turn it into real world stuff?

>>14071286
What makes monero the best is that is actually usable as currency. You're not supposed to cash out.

>>14074005
ok then brainlet. so you got your moneros from the darknet and p2p dex. where are you gonna use it to buy stuff? no store is gonna accept it if its banned, so the only things you could ever buy with it are drugs. back to square one brainlet

>>14073968
you can turn it into real world stuff. Bob has monero he wants to buy something with it. Tom has something he wants to sell for monero. They exchange the currency and goods in a p2p fashion. what is so hard about understanding that?

>>14074052
>you can only buy drugs
>only buy drugs
>buy drugs
>drugs

you know how much the illicit drug market is worth combined with blood money and tax evaders? trillions.

>>14073954
>thus only criminals and few brainlets like you will ever be able to buy it
Note that this only happens in your delusional future in which all exchanges around the world are somehow forced to drop Monero but are allowed to go on trading all sorts of other cryptos. Regardless, a good DEX like BISQ is really not very hard to use.
>>14074052
>no store is gonna accept it if its banned
xmr.to
Send XMR and recipient receives clean bitcoin from an exchange based on the amount of XMR sent, for a small fee.

>>14074071
so you admit the only purpose of this coin is for criminal activity?

few posts ago you were claiming its gonna be used by the average person everywhere lmao

>>14074107
if xmr works then its gonna be banned. if it doesn't work then its not gonna be banned. either way, you gonna be bagholding

>>14074108
Address your claims that bitcoin can also be private here: >>14073511
>you can have privacy using bitcoin too.
Why shouldn't it also be banned because clearly if bitcoin can be private, it can only be used for criminal activity, according to you anyway.

>>14074145
its as much private as the average person needs. only a government can force the exchange to trace your transactions so it will only be done if you are a criminal. the average person isn't a criminal so thats more than enough privacy for them

>>14074139
>I am out of arguments, have been BTFO, and I am leaving the thread to post brainlet images somewhere else.
Thanks for playing, see you in the next thread. Same time tomorrow? Alright.

>>14074168
>its as much private as the average person needs
Translation: It is not private.

>>14074108
it's used for everything. legal and illegal, licit and illicit

>>14074108

You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.

You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

>>14074139
xmr will be worth thousands in the coming years. there is a big market for privacy in this world. being the #1 privacy coin put you in the top 5 easily, only a matter of time

>>14074170
>>14074190
so you admit you don't have any arguments? thanks for letting us know brainlet
>>14074205
why would anyone use monero for legal transactions instead of shitcoin number 32423?

>>14074209
nice pasta. imagine being so dumb you can't make multiple wallets

>>14074226
yeah until it gets banned and it crashes to 5 dollars. enjoy your criminal coin bags

>>14074231
because then everyone can see how much money you have and who else you sent/received money to/from, it makes sense to use xmr for everything just like we use Dollars for everything, legal or illegal. it cannot be a currency unless it can be used for both legal and illegal things

>>14074252
then make multiple wallets moron. Imagine how worthless your shitcoin must be when its entire usecase can be solved by simply making multiple wallets

>>14074139
You think of a government as a monolithic block, which is by far not the case. A government consists of different agencies which work often against each other. And in those agencies there are people working, who, in the end of the day, thinks in his/her favor.

>>14074248
>ban drugs
>more drugs than ever

>legislation to ban guns
>gun and ammo prices shoot through the roof

>legislation to ban a digital asset designed to resist being banned, also proving it's a threat to central entities
>??????????

>>14074266
still doesn't solve the frangibility problem, and do you really want to create new wallets everytime you transact? no, that's ridiculous and time consuming. i'll wait here while you google the term fungibility

>>14074266
It doesnt matter how many wallets you make idiot, it's all traceable

>>14074231
>imagine being so dumb you can't make multiple wallets
Why should I use outdated tech?

>>14072561
I dont think thats it, I was deeply integrated before they switched to plugins or authconnect so my buyers werent Coinbase customers.

>>14072619
I just pregenerate a ton of "deposit addresses" and then use multiple block explorers to validate the transaction. So easy to accept payments automatically.

>>14073350
I'm just pointing out we're moving towards a future where you wont really even be able to spend your coins as payment processors and exchanges clamp down.
>https://www.coinbase.com/legal/user_agreement
You cant use coinbase to sell gift cards, virtual currency, accept charitable donations, for non-profits, anything against bank policys, cant sell anything adult content related. Their policy is really long with things you cant do. They even restrict where you can send coins. Whenever crypto really gets clamped down on, it will be too late for anyone to move anything to any unregulated market.

>>14074269
>>14074248
also impossible to enforce a monero ban, they can just fork it, then you have to ban all privacy coins, and goodluck getting the public on board with a privacy ban, i'm sure in these times where people are increasingly concerned about their privacy that they are going to want to give up even more of it. other than a few yuppies, no one wants that shit and it won't work. it'll have the the streisand effect

>>14074231
>so you admit you don't have any arguments?
I've given you plenty of arguments but you can't read so it seems useless to respond. There is no such thing as "enough privacy for the average person." Just use fiat and your own bank and skip crypto altogether if that's good enough for you. I can't grow an imagination for you so you can picture some non-criminal situations where you'd want to remain complete trustless privacy. It's really not that difficult.
>imagine being so dumb you can't make multiple wallets
Imagine needing to keep separate bitcoin wallets for every single transaction you wanted to make with your bitcoin and thinking that this would somehow be impervious to chain analysis. The pasta is correct, you just have zero imagination because you're a double digit IQ troll.

>>14074267
and what government agency exactly would be happy for you to tax evade and donate to ISIS?
>>14074269
>monero is just like a drug!
>people are just addicted to monero and they will seek to buy more!
lmao. this is peak delusion for poonerotards
>>14074284
>I am too dumb to click a button to make new wallet!

>>14074286
its traceable until you transfer from an exchange moron. then its only gonna show the exchange wallet
>>14074295
why should I use a banned coin?

>>14074307
I already said it before moron. they don't have to ban monero entirely. it only takes a ban from all major exchanges and ban from all stores to ever accept it. thats more than enough to crash its price to 1 dollar. enjoy your bags
>>14074312
you are obviously too emotionally invested in this so your "arguments" are just you seething and being in denial. Your shitcoin is gonna get banned and its gonna crash in price. enjoy your bags

>>14074299
there will always be an unregulated market using DEX's and atomic swaps, it is unstoppable

>>14074320
>>monero is just like a drug!
replace monero with privacy and yes you are correct

>it only takes a ban from all major exchanges
have you been living under a rock? major exchanges like binance and bitmex have been tweeting major support for privacy coins and general financial privacy because they dont want anyone knowing how much money they have either. the big whales want privacy the most

>>14074340
because regulations haven't hit yet moron. Just give it time and they it will get banned. If your exchange doesn't comply it will get shut down

>>14074347
binance is in malta, a crypto haven, aint shit happening to binance.

>>14074320
>you are obviously too emotionally invested in this
>has 20+ posts ITT
k
>>14074347
>If your exchange doesn't comply it will get shut down
My exchange is a DEX and can't be shut down. Now what?

>>14070152
DEX's are a myth. everything is centralized.

Fucking kek at all the glowing niggers ITT desperately fudding an unstoppable coin to please their kike overlords

>>14074269
Here ya go only reply in the whole thread that needs to exist

>>14074362
>DEX's are a myth

we already have DEX's you mong they just don't have that much liquidity yet. the binance dex will be the first to have real liquidity

>>14074320
>and what government agency exactly would be happy for you to tax evade and donate to ISIS?
Monero has optional traceability called view key, which can be shared to trace tx by a third party.

>>14074357
yes, a country in the EU will definitely skip regulations forever.. imagine being this dumb
>>14074361
>DEX can't be shut down
naive kid
>>14074383
>but officer, my car has only optional driveability so I don't need licence!

>i don't know how DEX's work
The Post

>>14074320
>its traceable until you transfer from an exchange moron. then its only gonna show the exchange wallet
>have to rely on and trust an exchange
Holy shit youre stupid

>>14073511
>banks offer privacy
o i am laffin
>feds: "hey bank dude, we suspect one of your clients is depositing money from marijuana sales into his account. can we have access to your records?
if the bank says no they're fucked

>>14074424
>all exchanges are evil!!
criminal mentality

>>14074429
ok then dumbass. tell me Bill Gates transactions from his bank today. Banks don't have privacy, so I am sure you won't have any trouble finding out right?

>>14074439
>Nothing to hide, nothing to fear!
Glownigger mentality

>>14074439
craig dick rider detected

>>14074402
Privacy and free speach are basic human rights.

>>14074450
you're stepping on your own toes though, you just said banks have privacy and that's good but bitcoin doesn't have privacy and that's also good. so which is it?
'

>>14074453
>da guberment is to get me!! I dindu nuffin!!
get your pills schizo
>>14074454
you can have privacy unless you are a criminal

>>14074439
The entire point of all of this is to be trustless and decentralized and this completely goes over your small brain.

>>14074450
This jew is collecting arguments.

>>14074466
both banks and bitcoin have privacy, as much privacy as an average person needs. if you want more privacy than that you are a criminal
>>14074472
nobody cares about your dumb philosophy and politics. the average person wants security and efficiency not muh deshentrulizashion

>>14074468
is that jackboot in your mouth or up your ass? or one boot in each?

>>14074485
Why are you even here then? Fuck off to /smg/

>>14074504
not all crypto projects are about criminal activity
>>14074501
cope harder bagholder

>>14074362
Look at new ICX DEX infrastructure in last update

completely decentralized

only toolkit to allow contract interactions

>>14074485
what if you receive bitcoins used in a crime and then try to spend your bitcoin and are unable to? this is why you need the fungibility that paper cash offers, 1 dollar = 1 dollar doesn't matter if it was used in a crime or not. same applies to monero. with bitcoin, you have some bitcoins better than others and it's expensive and a huge hassle to find out if your bitcoin is clean

>>14074485
>both banks and bitcoin have privacy, as much privacy as an average person needs. if you want more privacy than that you are a criminal
This is none of your mater what I am doing with my wealth. The times are changing.

>>14074519
have you checked to see if your bitcoins were used in a crime? you might be tied in with that crime now, good luck spending the rest of your days in jail, criminal.

>>14074519
It's all about decentralization

>>14074531
if you buy your bitcoin from a regulated exchange then you wont have any problem with criminal coins
>>14074541
your wealth is gonna be worth a lot less when your poonero bags crash
>>14074546
I buy from a regulated exchange that is responsible to find out the criminal coins
>>14074551
nice buzzword

>>14074565
You're just baiting now.

>>14074574
denial
(you are here)
cope
grief

>>14072850
good luck w that, MRL PhDs are just circlejerking their academia ego with scuffed papers they publish (CLSAG recently) and wont implement it any time soon

>>14072923
because ring signatures are based on "probablility" and can be polluted, deanonimyzed by other people. there is no privacy or anonimity if other people can control how much privacy you have. binance and all other exchanges co-operate with DEA and other gov agencies revealing ring members, probably at least 5/10 of them inside a decoy ring atm. no criminal or anyone that actually > NEEDS < privacy will touch XMR or get close to it. take this from someone that made millions off bitcoin using it for various illegal purchases and trades online. i cant rely on "probably" not going to get raided tomorrow if our RNG picks 8/10 binance decoys (note, 90% of XMR txs are exchange based)

>>14072965
>>14073088
both of u are retards, what happens when 5 people in that neighbourhood works for DEA? =)

>>14073108
people/normies dont want privacy, they want safety, hence they give their privacy away for safety and this is another point why ring signatures are dogshit trash.

>>14073156
criminals are not terrorists or people that do evil, just labeled as such because they operate outside the system that is created to control them

>>14073723
it wont, same way average person wont use ETH, smart contracts are for businesses and XMR Is for criminals.
>>14073886
why is there CP/drugs on TOR if gov can shut it down, deluded retard.
>>14074190
this guy is right, if criminals cant use it without going to jail, no one will use it because it has no >TRUE< privacy

>>14074592
Have sex

>>14074565
>your wealth is gonna be worth a lot less when your poonero bags crash
Sure thing bear fag. Are you the one with 6666 XMR @18.666 USD order at poloniex, jew?

>>14074599
exactly. cp and drugs are only on tor, not normal websites, thats where monero will end up with, a place that the average person will never go. you are starting to getting it

>>14074604
cope harder incel

>>14074618
Absolutely seething

>>14074642
bagholder cope

gonna have a boner when your bags crash to 1 dollar lmao

>>14071286
Then buy drugs with it and make even more money. Jesus you idiots speak like you never want to make it.

>>14074357
you are mentally impaired if u think governments give a fuck where you are located.
>>14074450
banks dont offer privacy for criminals the same way XMR doesnt offer privacy to criminals. nobody cares what iq 100 normie npcs are doing with their $500 a month money retard
>>14074485
i will personally pay you 100k euros per child you abort just to save human race from having your kids retard, the average person does not give a single fuck about privacy, top most used websites track your every move every minute, including ur phone sending full sensor readings as well as text to speech of whatever u say every minute. please dont reproduce

>>14074618
and what is wrong with that exactly? somehow u think that privacy coins need normies to succeed? i personally sold btc to drug dealers in 2011-2013 for use on deepweb, normies dont need privacy and never will. but XMR is not yet good enough to be used on such places because i cant depend my entire life if im going to jail on a random dice roll of decoys

its like russian roullete atm, once ring signatures are gone then it might be worth to check it

>>14074651
yeah what do you hold faggot?

>>14072070
I'm sitting on a little XMR now. No FIAT involved.

>>14074656
He still holds usdt and tries to get cheap moneroj.

>>14074655
why are you so mad if you agree with me? the average person doesn't need poonero and never will. you got it right bud

>>14074714
because you are a bootlicking glownigger that likes the system because he "made it", its very obvious from the things u stand for.

oh and actual cryptocurrency users (criminals) dont care if something is banned or not, remember, they are criminals because they dont play by ((( their ))) imaginary rules.

>>14074565
so you cant do peer to peer transactions like digital cash? you have to go to an exchange to get bitcoins? LMAO

>>14074743
its called being a realist. Even if you hate the government you must be really naive to think they will just allow you a free tool to tax evade and donate to terrorists. They will come at you at full force. Maybe the turned a blind eye so far because its only few dumb faggots using their grandmas 500 dollars to buy dragon dildos, but when north korea and Iran start using it they will come at it with full force and get it banned from virtually everywhere that the average person could have access to it

>>14074794
yes brainlet. tell me more about how you bought your bitcoins from random pajeet auctions with 50% premium fee

>>14074801
>banning a decentralized digital asset that can't be traced

lol good luck, just like they banned drugs huh?

>>14074811
so you need a 3rd party to verify the bitcoins are clean everytime you transact? doesn't seem very decentralized, nor does it seem like p2p digital cash like the satoshi whitepaper described

>>14074814
they don't have to ban the asset moron. they only have to ban the entry points and cash out points. you can keep your poonero, but they will be worthless
>>14074821
>durr muh lord shatoshi
nobody cares fag

>>14074801
no they wont ban it, encryption is not banned and is used by everyone, the best they can do is offer backdoored solutions, ie an NSA operative joining monero research team and adding a hidden backdoor for example.

everyone is using encryption, including iran and north korea, the biggest thing u dont see is that your government that u love so much are actually the biggest criminals in the game and they cant use banks because they are weak points that get rekt, like deutsche bank =)

>>14074821
>>14074814
that guy ur quoting for entire thread is just a /r/CryptoCurrency "store of value" bootlicker, leave him alone, he needs his discussions to prove himself right and stay deluded

>>14074821
HeX glowniggeranon doesnt give a fuck about decentralization

>>14074835
>>14074836
like pottery the poonerofags go schizo mode

>>14074852
cope

>>14074852
u really are glowing, its so obvious, the statements u throw as arguments anyone above 120 iq can see through

even if something does get banned, 10 more will pop up, and people will be educated to reach it (piratebay rings a bell retard?)

>>14074867
seething

>>14074871
PLEASE have sex

>>14074869
>even if something does get banned, 10 more will pop up
so you admit that poonero is worthless?

>>14074878
cope harder incel

>>14074879
i admit monero doesnt offer good privacy or anonimity with current tech, but it has the best chance of implementing actual privacy without backdoors, right now its good for small fishes doing < $50k a day in criminal activity volume

>>14074869
Anyone above glowniggeranon's IQ can see through it so more like 75-80

>>14074832
are you forgetting monero is p2p digital cash, people can just use it that way if worse comes to worst.

of course you're forgetting that, because you are a brainlet

>>14074935
no one bought btc with cash or bank transfers in pre 2013, then coinbase came for all the normie retards, ignore whatever he is saying. people traded it peer2peer and mined it themselves it was not an economy tied to current system, same will happen w monero once it gets absolute privacy for sender

Incel here. I can't wait to completely detach from the Society we live in. Privacy coins, Decentralized Exchanges, and atomic swaps are my future.

>>14074599
>revealing ring members
The kind of attack you're talking about is real but only a remote threat. In reality there is no way any one centralized exchange controls that many outputs that they can track churned Monero transactions that don't involve exchange addresses. Yeah, they might be able to spot some decoys but they can't see tx amounts, addresses, and have any certainty about actual outputs.
>>14074835
>a hidden backdoor
How are they going to add a backdoor into an open source project?
>Hey new guy, what's this part of your code all about? Looks kinda fishy.
>Uh, n-nothing to worry about there! Don't even mind it!
>Oh, alright cool, we'll put it in the build anyway.
I don't think that would fly.

>>14074935
>>14074957
normies will never use a banned coin. your shitcoin is doomed to be a criminal coin

>>14074967
governments have access to all centralized points using monero, and that threat is very very real anon, churning only makes it worse because then your outputs are tied, unless u wait 3 months for your money to get included by other people chruning it in short time frame only makes it worse, they dont have to know tx amounts or addresses because that information can be picked up from wherever money ended up at in the end.

>>14074967
just one typo is enough for RCE .

>>14074973
somehow you think we need normies or that being labeled as criminal coin has any value to be used as negative argument against monero.

imagine calling pirates pirates and thinking they were bad or unskilled.
also, one true criminal is worth ~ 10k normies so i think we're good even with economics of scale

>inb4 u come up w some sort of attack, i can buy 100k stolen credit cards and the guy selling them is worth 100k normies, and me buying and cashing them out also generates 100k normies of value w their $5 coinbase purchase

>>14075100
thats the entire point. 99% of the price of monero is based on speculators and normies buying. If it gets banned all these people will abandon ship and your shitcoin will crash to 1 dollar

>>14070152
They will analyze your past TX and know whether you used a DEX. Your funds will be frozen if you deposit from a DEX that allows privacy. Its already happening to bisq users

>>14071267
BCH is also being used as cash and accepted at many more places. Cashshuffle is not as anon as XMR but a good middle-ground to not spook regulators.

>>14075180
can't check my tx if i use monero :)

>>14075137
if it gets banned in any major country with a lot of people then people will stock up on it super fast just like you saw with the gun ban in america, shelves were emptied for everything gun related and prices soared. it's like the streisand effect when gov bans stuff

>>14075180
>Its already happening to bisq users
source?

>>14075252
>just like with the gun ban in america
guns were never banned in america dumbass
also poonero is not guns or drugs. the average person never even heard of monero let alone try to use it after it gets banned. the only reason people buy it now is in the hopes it will have higher value in the future, if it gets banned then it doesn't have much of a future and everyone will dump it and hop on another shitcoin

>>14075244
If OP is right and XMR gets outlawed you will have to use a dex to go into some other crypto if you want to cash out though KYC exchange. Those TX will be detectable as coming from dex.
Its already starting to happen to bisq users

>>14075262
https://bisq.community/t/dirty-btc-coins-on-the-xmr-market/7798

>>14075274
they tried to ban guns retard, only a complete basement dweller would not know about the attempted gun ban where shelves we're cleared and .22lr ammo sold for 10x its normal price

>>14075279
we dont want to cash out nor do we want to trade for other cryptos because all other forms of currency other than gold/silver is useless to us

>>14075300
>they tried to ban guns retard
no they didn't moron. regulating guns =/= banning guns

>>14075289
Shit. That looks bad.

>>14075319
>you can no longer buy these types of guns
>not banning guns

pick one

>>14075313
Thats nice but if they close off onramps theres no new money, no new users, no trade, no price discovery. Even if the network stays 100% functional

I'm not saying it will definitely happen but those saying it wont matter whether XMR gets blacklisted are brainlets. Privacy coins may stay legal for a long time.

>>14075349
literally never happened. you probably take all your info from boomer news like fox

>>14075137
>its so good govs ban it
>price tanks
>criminals notice its so good govs ban it
>start using it
>price moons

>>14075362
u obviously never traded on a forum of any kind, people have repuration and take fees for giving something not usually available, ie paypal -> btc

Im starting to think BSV posters are actually paid shills. 2 days ago they would've been all over this thread.

Really gets the noggin joggin don't it, folks?

>>14075368
>the assault weapons ban was never a thing

ok now i know you're just trolling, no one can be THAT dumb

>>14075376
the guy who's been posting in this thread all day is BSV'er. BSV hates monero cause fluffy shits on them all day on twitter and monero tech is far superior to bsv. bsv has a fungibility problem and it's driving them nuts

>>14075371
If the US gov. officially outlaws XMR its going to 1$ within weeks. The only uncertainty is whether they will.

>>14075393
US gov also made encryption illegal, there are people that will buy that $1 XMR faster than it drops

>>14075393
yes cause humans never want what they can't have

>>14075406
exactly. there will be someone somewhere in the world who will buy this shit, especially if govts are outlawing it, there will be an equal and opposite reaction to this and a lot of whales will buy monero because they dont like the govt

>>14075371
>criminals are gonna pump my coin!
peak delusion. criminals wouldn't even want to hold your shitcoin, just trade with it then dump it

>>14075381
doesn't matter what the demand is if there is no supply. learn some economcis

>>14075413
yes, criminals will still want monero. not the average persons and investors. Thats why it will crash to 1 dollar not 0. the 1 dollar support is from criminals and bagholders like you

>>14075437
if it gets banned it means they cant track it = criminals will start using it and it will replace BTC, pretty simple economics

>>14075459
yeah... thats my entire point too, that this shitcoins entire usecase is for criminals only, not the average person. I am glad you agree

>>14075423
> there will be someone somewhere in the world who will buy this shit
yea but he wouldn't be buying on any exchange with fiat pairs, sweetie :)


>>14075437
smart anon

>>14075437
You can’t enforce a Monero ban Rtard

>>14075486
you can enforce exchange ban of monero. thats enough to crash the price and make you an eternal bagholder

Remember when the govt tried to ban pirating shit ? It’s more common than ever. Anything the govt want to ban is a huge buy signal if it’s something you can purchase

>>14075486
They don't have to end the network... stopping regulated exchanges from listing it will be enough to crash the price.

>>14075505
not based and highly bluepilled.
do you think -they- want to stop everybody from consuming as much of their media as possible?

>>14075506
What about dex unregulated exchanges ? It’ll become the people’s currency overnight if they ban it. Think of all the people who hate the govt. huge grass roots backing behind Monero means it’s unstoppable.

>>14075523
>Think of all the people who hate the govt.
get out of your room ancaptard. not everyone is a schizoid. also, DEX don't have cash out, you will be stuck forever holding your poo coins that no store other than drug dealers will ever accept to buy stuff

>>14075100
>governments have access to all centralized points using monero, and that threat is very very real anon
If it was a large enough threat, Monero developers would publically advise against anyone using any centralized exchange for fear of the entire chain becoming deanonymized. The fact is it isn't enough of a threat, especially with the introduction of bulletproofs making transactions cheaper and churning even easier. Your point about churning also isn't valid. Monero transcations can't become "tied" together when there is no third party like an exchange in between transactions. One transaction from a user churning his Monero to another owned wallet looks no different than another anon halfway around the world churning his own Monero in his own two wallets, or two people doing a p2p XMR transaction. All of the decoy outputs are selected randomly, they don't have anything to do with the previous transaction although the decoy output selection is weighted to favor the inclusion of newer outputs.
>>14075279
>Those TX will be detectable as coming from dex.
No, they won't, because that's not how a fucking DEX works. A DEX is non-custodial. A true DEX like BISQ never actually holds your coins - it's just a piece of software that allows peer to peer transactions. The issue that you linked just shows that BTC is in fact what can become tainted, and the major reason for anyone should be concerned when dealing with BTC.

>>14075540
>DEX don't have cash out
You can exchange crypto for cash using ACH through BISQ. Yes, you can hook your bank up to a DEX.

>>14075540
Why would I trade a superior currency for less superior currencies ? I don’t want to cash out desu. I want to buy my stuff with Monero one day. And the govt will never ban it in the US due to the Streisand effect

>>14075506

You cant regulate illegal e-commerce websites in Tor.
Plus you cant stop people from exchanging the coin with each other.

>>14075560
The bisq problem I linked is relevant because you will need to use a surveillance coin like BTC to cash out if xmr ever gets removed from on/offramps.
They will be able to stop you from using the big exchanges even if you use DEX to buy into something else forst.

>>14075575
I hope you like drugs cause thats the only thing you could buy with it
>>14075580
exchanging it with each other won't affect the price. no exchange trade = no price discovery
>>14075572
yes.. and the only people that would go through that trouble are criminals, not the average person. back to square one

>>14075580
>cant stop people from exchanging the coin with each other.
they don't have to. To kill the price and adoption there is no need to stop the network from functioning

>>14075597
>not the average person
Hate to break it to you but your average person isn't using cryptocurrency during either of our lifetimes.

>>14075620
maybe they wont use your criminal coin but they will probably use other coins

>>14075638
What advantages are there of transparent coins over traditional finance ? None

>>14075638
>maybe they wont use your criminal coin but they will probably use other coins
Ahahahahah

>>14075699
deflationary. Thats the big one.

>>14075728
deflationary has it's pros and cons, it's not necessarily a true advantage

>>14075638
monero cant be traced so you have no idea if the person is a criminal or not. with yours i can actually trace it and find out if you are sending me criminal coins or not. so monero is innoncent until proven guilty and bitcoin is innocent until this chain analysis is done and then it's a 50/50 chance whether you are gonna be involved in someone elses crime or not

>>14075766
why would the average person want to be untraceable? and who would even want to trace a random person? no one. The entire usecase of wanting to be untraceable is just for criminals

>>14075795
taxes idiot

>>14074248
how does gov ban affect the price of a good hmm?

>>14075839
tax evasion is illegal, so if you tax evade you are a criminal. you are so dumb you are making arguments for me
>>14075875
shitcoins aren't drugs. people aren't addicted to shitcoins. if it gets banned everyone will jump ship and hop to another shitcoin

>>14074565
>if you buy your bitcoin from a regulated exchange then you wont have any problem with criminal coins
So what do you think happens over time when more and more share of BTC is used in crime or are confirmed to have been used in a past crime? Especially now that mining is next to impossible? Something with fungibility is really a necessity when working with currency or else the actual amount of usable currency will eternally trend toward zero.

>>14075887
This guy is a faggot but he's right banning it would kill speculation. Bitch traders would dump it out of fear

>>14075887
then i guess 99.99% of people who pay people under the table for stuff like landscaping and grasscutting are criminals.

>>14071267
This is true lol. I try pay for most shit I can with xmr exclusively. Not even illegal shit, I'm just anal about my privacy.

>>14075910
monero has no bitch holders though, they've all been shaken out by now. the traders will likely buy it and swing trade it hard on anticipation of it being illegal and if history is correct its gonna moon if its banned in any big country because people were expecting it to get banned so no one who was holding it was a bitch to begin with

>>14075898
they will either be reused or the whole currency will fail. there is a statue of limitations on how long they would be considered criminal. are mt.gox coins still blacklisted?
>>14075915
>people that commit a crime are criminals
nice argument

>>14075947
so every single cash transaction you've made with non-businesses you've recorded and paid taxes on? okay craig

>>14071270
>Imagine being so naive to think governments will just allow everyone a free tool to money launder and send money to terrorists.
You mean like CASH?

>>14075596
If that issue is real and central exchanges are targeting BTC that has passed through DEX then every single CoinJoin/CoinShuffle BTC is probably also going to be at risk, and really, the entire ability for BTC to be traded will be affected.

>>14075953
>>14075972
exactly. cash are far more untraceable than poonero. even in its single usecase it fails

>>14075947
If you really think there's a statute of limitations on cartel/hitman/human trafficking coins, you're out of your mind. As soon as someone decides to pick one of those up, even for a totally legitimate reason, they can expect to get their doors kicked in the next day. On top of that, it'll be farfetched to expect to be able to use those coins for their intended purpose or exchange them once you have them, besides right back to the place you got them from. It'd be a huge headache and a waste, and day by day more share of BTC are logged there. Privacy coins are a necessity for cryptocurrencies if the end goal is for people to actually be able to use the stuff as actual currency.

>>14076007
but cash is printed out of thin air at alarming rates. small inflation is ok but fiat is hyper inflated and doesn't require much at all to be created.

XMR > Cash > BTC

>>14076048
then all coins will eventually fail since their clean usable supply will continuously become smaller
>>14076072
inflation in USA has been at stable all time lows between 2-3% for the last 3 decades. your boomer conspiracy of superduperinflation is a meme

>>14074546
>>14075898
>>14075766
Very valid points in favour of privacy coins. Never thought of that perspective.

An anon above linked to an article where some guy apparently received marked bitcoins from a dex (perhaps stolen coins from bitfinex) and got suspended. Cases like that are going to become more and more common with increased adoption, and you're the one to blame if you receive such coins.

Certain entities also bring politics to the table and there are already cases of suspensions linked to "politically incorrect" donations. Which is another argument.

>>14074801
Evading tax would unironically counter terrorists kek. American government is the biggest funder of terror on the planet.

The way I see it the governments will make a coordinated attack on privacy coins and all alts. Coingeek has already declared that all alt coins are dark coins which is an easy label to attach to something that threatens the current financial system.
A fight will ensue between governments controlled by central banks against any threat to the status quo. They will attempt to herd normies into centralised cryptocurrency controlled by them think fedcoin on a blockchain. They will engineer a smartcontract that will automatically skim the tax and outlaw barter and cash. Soon you will be unable to transact outside their system they love blockchain but hate cryptos.
The central banks, bis and world bank are late to the party but they will have the best brains working for them. They will attempt to isolate us and all dark coins and work together to prevent non fedcoin sponsored fiat to crypto and crypto to fiat unless its their coin. It wont matter if xmr or whatever if its classed as a darkcoin they will all be the same as far as they are concerned.

>>14076089
>then all coins will eventually fail since their clean usable supply will continuously become smaller
Privacy coins wont. Their usable supply should roughly stay fixed because tagging any dirty privacy coin back to specific wallet owners is several degrees of difficulty harder than it is for BTC. The peace of mind of knowing that you won't know (or reasonably can't know) is what ensures it's success as a potential currency despite all the criminal coin FUD. It is infinitely better to know that monero is a black box for mostly everyone than it is to have to triple check that the BTC your sandwich shop just received from a random customer isn't blood money, and that you could be audited or worse for any given transaction for things completely outside of your control.

>>14072923
> “PhD in cryptography”
> “Prove to me this cryptographic method isn’t perfect. “

What. The. Fuck.

Most of you will have your bitcoin addresses flagged for suspicious activity when you try to cash out one day. it's monero or die

>>14071270
>>14071286
>>14071345
>>14071837
>>14072070
>>14073156
>>14073511
>>14073723
>>14073817
>>14073886
>>14073954
>>14074052
>>14074108
>>14074139
>>14074168
>>14074231
>>14074266
>>14074320
>>14074347
>>14074402
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>>14074450
>>14074468
>>14074485
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>>14074565
>>14074592
>>14074618
>>14074651
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>>14074801
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>>14074852
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>>14074973
>>14075137
>>14075274
>>14075319
>>14075368
>>14075437
>>14075470
>>14075502
>>14075540
>>14075597
>>14075638
>>14075795
>>14075887
>>14075947
>>14076007
>>14076089
GET YOUR FUCKING ASS OUT OF THIS BOARD, GOVERNMENT KEK, CIA FAG!!!

I laugh myself to sleep every night knowing XMR holders will be broke and in high security prisons in the coming years

>>14076205
Fuck coingeek. Those cucks are gearing up to suck government dick

>>14076417
>the bitcoin you bought was used in a crime

see ya in jail

>>14076428
we have cz, charlie lee, arthur hayes, and other people backing monero we can't lose.

>>14076433
>assumes I bought bitcoin on a KYC exchange
>assumes I even own bitcoin
Fucking brainlet. Have fun in prison

>>14070152
If they actually ever admit that Monero's privacy is a problem for them, then every criminal is going to jump in on it. This will increase the price of Monero.

It would also hasten the point at which you never need to go into fiat. Banning drugs has never worked, and if everyone agrees to use a single crypto to buy them that would mean a lot of exchange opportunities.

>>14076515
Has the gobt. banned tor, i2p or freenet? Didn't the US military invent onion routing? Big Brother has just as much use for privacy, if not more; this whole thread's retarded.

>>14070177
Hello R€ddit, no I still don't give a fuck about paying my coffee with BTC.

>>14074347
you are quite the authoritarian anon i don't think you belong on this site

Gee, ever notice how every Monero thread is full of shills? Why would ANYONE be against financial privacy? Such a mystery...

>>14077567
They’re afraid.

>>14074058
Because all these 2018 crypto newfags understand is buying shit tokens on binance and making a couple bucks. The concept of actually using crypto for it's intended purpose is lost on them.

Newfags are killing crypto. All exchanges need to die.

This gov shill anon has amazed me. I read through this whole thread without even noticing that it was all him. 55 posts. Who the fuck is paying you?

The reason why banning something does not work is because it is a supply-side economic policy. It doesn't effect the demand. This would increase it's price, as the people who need it, will need to pay more for it, since the suppliers of it are taking a larger risk. Since it won't be on exchanges, and many might be confiscated through them, that also means less supply. It would also be free advertising because most people are unaware of this technology, and the world is only getting more digitized. The price will only go up. As for people saying you can't use it to buy stuff, literally just set up a decentralized version of purse.io. Sorry, it is really that simple.

>>14078358
Fuck you kid

>>14078440
based and redpilled

>>14078446
that's what people say when they win the argument, right? please ban monero i need my bags pumped and only banning it is gonna work for any short term gains

>>14078440
it isnt purely supply side.

Alot of the current supply side comes from speculators.

Banning Moneros from fiat on-ramps doesnt guarantee the speculators will stay or increase (more likely to decrease given it is now harder to acquire and for them to cash out).

Demand would get reduced along with supply as well.

>>14078462
It’s so fucking funny that you think it will be pumped. Stay poor

>>14078517
I agree that it would effect demand to an extent, but I believe that most speculators actually do think it could be banned, and speculate in accordance to that. Also, I believe that the demand will actually increase for the same reasons that other cryptos will boom - it's superior utility over traditional currencies, and the increasing digitization of the world. With this in mind, the infrastructure surrounding monero or whatever dominant privacy coin at the time will also only keep developing, and we will see widespread utilization of dapps over tor or an equivalent. There are incentives in place for all of this.

All bootlickers should just put their money in government bonds and see how that works out, surely you can't go wrong with that.

>>14078565
less supply = higher price

The market cannot ignore the fundamentals presented here.

>>14078720
no sir i cannot

>>14076253
There's a subtle but important difference between what he asked and what you insinuated.

>>14073968
>>14074269
As the decriminalization of drugs becomes more prevalent I dont see why this use case would be more relevant in the future.

>>14070152
>DEXs with atomic swaps for Monero are just a matter of time.
It's here. Flyp.me Don't tell the lames. One of the better onchain DEX

>>14078931
And what if they where banned again?
Even if it came down to some hypothetical scenario where there was no current use cases, we where in some sort of global, egalitarian, perfectly just, utopia. A private currency would still be relevant for human rights and existential reasons. I know comparing it to something like the right to bear arms is a stretch, but as to what a gun would be to that, this would for the right to carry out uninhibited economic transactions between individuals. it's just the idea that you or someone else could need it someday, or that it could serve as deterrent, would warrant its existence alone. It gives freedom. Most people don't think about these things but all it requires is some rudimentary study of history and an imagination to see the value of this. But things change, and no one knows where the future is heading for sure. Sorry for getting philosophical. I'm not trying to make a moral argument either, I'm just further outlining relevant fundamentals.

>>14078689
Banning it does not mean less supply you fucking mongaloid retard. It means less people will use it

>>14079124
It does mean less supply because the ones locked up in exchange wallets will be unaccesable, as well as the ones in the wallets of law abiding citizens. As for the less people using it argument, I already outlined why that is unlikely. Regardless if monero succeeds or not, something like it will.

>>14079124

I wouldn't even go that far.
Banning just means less people using it openly.
Fuck even FDR was drinking in the 1920's before he got into office. He just couldn't do it in the open during prohibition.

>>14079153
>believing exchanges will have their monero “locked”
>>14079161
>comparing alcohol that can be made in home to something that can be tracked by government easily

Wow the two of you guys are fucking dumb. Makes sense since all the wagies are going to sleep for work tomorrow. Biz is left full of retard NEETs. Better be quite or you’ll wake mommy

>>14078720
Put illegal money laundering scheme as a giant box and then this is a fair

>>14071270
"Hexcalibur" - you don't understand what a decentralized exchange is, do you?

>>14079222
>thinking centralized clearnet exchanges won't comply with the law
>thinking the monero in exchange owned wallets will be in circulation

I'm starting to feel bad for you.

>>14079234
How about also a "keeping jews money safe from the next Hitler box?" Lmao.

>>14079254
>thinking a ban would be effective immediately without any heads up to exchanges
>thinking clearnet exchanges won’t sell off their monero after they are warned of the incoming ban
Wow dude, it must be hard living everyday life when you’re on this level of retardation

>>14079308
All that does is put the monero in different exchange owned wallets genius.

>>14079308
Oh, perhaps i misread that. Are you instead claiming that say Binance will sell the monero out of my exchange owned wallet to some random guy or a dex or something? That would be an interesting scenario.

>>14079409
They do it all the time.
The Binance hack revealed they do not have 1:1 reserves. There is not 1 BTC for every BTC stored in Binance wallets. If everybody withdrew any given coin at the exact same time they wouldn't have enough to cover it. If anybody keeps any significant amounts of crypto on exchange they have learned nothing from Mt. Gox.

>>14079308
I'm pretty sure exchanges would have to abide by kyc, especially for large transactions, but I could be wrong. And I see no way how they could know this news before others. So yeah, I think the exchanges would be fucked. There would also probably be government guidelines released before it was officially made law. Then decisions have to be made by the CEO for the best interest of the company and customers, and so on. It would certainly be a clusterfuck. Not sure what would happen.
>>14079460
If this is true then couldn't everyone check their binance bitcoin wallet address on an explorer and see discrepencies? I guess I don't understand the innerworkings of these centralized exchanges at all.

>>14079498
Doesn't work that way.
Usually an hour or so after the deposit processes they automatically roll it into multiple giant cold wallets so it's not possible to see who owns what coins.

>>14079524
Thank you for educating me. So I did research the recent Binance hack just now, and they said that they covered the lost funds with reserves, so that no customers would lose their funds to cover for the hack. But I'm not sure how that would prove fractional reserve banking, it just shows that they have extra bitcoin in their wallets. Which proves they themselves make transactions with external sources, but still lacks evidence for an unbacked fractional reserve banking scheme. I am curious if you have any material regarding this though.

>>14079576
Fuck you never even claimed that. Im getting tired need to snooze lmao.

>>14079234
Plase look up for the definition of 'money laundering' before making stupid posts here, kid.

>>14079099
You bring up a valid point about just having the freedom or accessibility with your analogy involving the second amendment. Got me thinking. Another use case I can't figure out would be under the table transactions. Immigrants getting paid under the table would be able to send money back to their families but how would their employer on-ramp or would cash remain king? Or is this not a use case scenario?

>>14079576
They did claim they would cover everybody. They had to or everybody would be pulling their coins out as soon as withdrawls were opened. Read more about the parts where they discuss "liquidity pools" and how they share liquidity pools with other exchanges. The fact alone that they have shared liquidity pools with other exchanges proves they don't have 1:1 reserves. You don't need a liquidity pool if you have 1:1 reserves. This is ok in normal banking, because governments will backstop any bank runs. In crypto no one is required to backstop anything.

>>14079656
Good point. Cash or something legal in this scenario, would have to be transferred to a monero dealer first. Rather that be through a dex using bitcoin, or just me just handing you cash in person for it. By using bitcoin or tether or something to obtain the monero, it necessitates even more advanced fronts to justify the transactions if ever audited. But even cash has to be keept track of with receipts and such for taxes.The monero fiat gateway dealer would have to have a front business. That seems to be the key here, but the problem is that feels trust based, which obviously would want to avoided. This will be an interesting problem if this hypothetical ever comes to fruitation.

>>14071219
why do all jews look like death touched them? maybe thats the tradeoff for being rich at the expense of others
>>14071270
>free tool to money launder and send money to terrorists.
you mean the US Dollar?

unironically the fact XMR is so divided in the community and so much muh government ban FUD really makes me so fucking happy i have a stack of this in cold storage

>>14080208
Perhaps it would be done by the monero distributer selling overpriced items, where the excess cost is converted to monero and sent to the customer. And the people who don't know about it just buy the product like normal, but overpriced. Damn I'm learning a lot from this brainstorm holy shit.

>>14080234
Oh yeah that's what art is for lmao.

>>14080241
then also like earlier, you will have options like a decentralized and/or darkweb pursie.io for fiat to monero conversion, so i guess there already are solutions.

Srry for thinking out loud, just so much info it's hard to structure and have in recall all at once >_<

The full loop would be:
1. You want monero. Use purse.io or something similar to fulfill orders with fiat in exchange for monero.
2. You want fiat. To convert your monero to fiat, you get someone, through something like purse.io, to buy you a heavily liquid asset such as gold.

or bypass this all with a network of people just giving each other shit and not reporting it. But yeah, you get the idea.

>>14079656
If cash starts to be abolished, then the employer would actually have to pay in something like monero to illegal immigrants.

A trustless, anonymous fiat to crypto gateway is the next big problem I guess. A system where if you turn yourself in for having monero, the distributor who recieved the fiat can't be tracked at all, no clear fiat trail. Maybe a tor-like network with USD with nodes being stores, but the owners not even being aware or something, throughwhich this is all executed with a script. Oh well, I guess I should stop thinking about this. It's wrong think and I'm not a criminal. G'night anons, good thread.

>>14079460

>>14080417
look up REN