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/biz/ - Business & Finance

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5287550 No.5287550 [Reply] [Original]

Is this actually going to have big moneymaking potential (from here on out) if its thing is an anonymous crypto?

It's surely going to have dubious activity associated with it so where will big money come in if its reputation gets dented? From the hearts of internet libertarians?

I'm just wondering if /biz/'s unshakeable support for this coin is too ideological, or if this really can moon to infinity and what mechanisms going to cause that.

>> No.5287602

dcorp did like 3x this week, think it can definitely do another 10x

>> No.5287606

>>5287550
>what mechanisms going to cause that
DRUG MONEY YOU FOOL

>doubting cocaine gains
This coin is backed by one of the biggest industried on earth. If you doubt this coin, you doubt that normies want to get high, which is wrong.

>> No.5287631

>>5287550
Who's gonna do anything about it?
Countries are going to forbid it? Well, bro... Let me introduce you to decentralised exchanges.
It'll be pretty damn hard to get rid of XMR, even if ((they)) try. And by then it'll be 10k upwards and you'll have your dick sucked 24/7 in Thailand or Colombia.

>> No.5287657

Its weakness is that it has to use more data than other coin to anonymity transactions. Transaction fees can get very high like bitcoin if it moons.

>> No.5287766
File: 81 KB, 750x750, 1512439106028.jpg [View same] [iqdb] [saucenao] [google]
5287766

>>5287550

I think Monero is going to be HUGE, because of its appeal to the super wealthy and shifting their money around and evading tax authorities.

Are there any technical downsides to Monero?

>> No.5287779

>>5287657
They are fixing that. The team is terriffic

>> No.5287806

>>5287779
they fixed that already. Bulletproofs are live since yesterday. Why do you think it went on that 50% hike? lol

>> No.5287823
File: 26 KB, 472x461, 1523762988677.jpg [View same] [iqdb] [saucenao] [google]
5287823

>>5287550
>so where will big money come in if its reputation gets dented?

>> No.5287863

Ideally, Monero is the perfect tool to escape government oppression. Bitcoin was the same when it started.

You might see one or two bums arrested or some deep web market shutdown, but they won't do much to prohibit it. To be frank, they will probably use it to launder some illicit money as well.

>> No.5287970

>>5287823
colombia

>> No.5288282

>>5287550
>Is this actually going to have big moneymaking potential (from here on out) if its thing is an anonymous crypto?

It doesn't even have a mobile wallet yet, and it's the least normie-friendly coin that plays in the top 10 market cap.

>> No.5288287

>>5287631

I wasn't worried about government/company action against it, just that no big finance would invest in it, either because they don't want to be associated with it or its very nature is a threat to them. Will that stunt it from more than x10ing? Something that has a huge following and influence isn't necessarily profitable. We're literally posting on an example of that by moot's own admission.