/biz/ - Business & Finance

[Anonymous No.24134698]

Imagine not being bullish on the international drug trade

[Anonymous No.24134869]

Monero is a honeypot, use 0x MR

[Anonymous No.24134877]

>>24134698
main concern with this is regulatory pressure. would being illegal in most nations dump the price? I think it would, as it would decrease the utility further by increasing the passive risk. control over pipelines to cash out crushes it as well. Much concern, don't hold.

[Anonymous No.24134878]

Bump

[Anonymous No.24134888]

>>24134869
FUD larper

[Anonymous No.24134908]

>>24134877
banning it would be a vindication of its primary usecase and would enshrine it in use

[Anonymous No.24134918]

>>24134698
what's a good stack?

[Anonymous No.24134921]

>>24134877
>countries outlaw XMR
how would this not be bullish as fuck

[Anonymous No.24134943]

>>24134869
0xmonero is trash
shut up idiot
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

[Anonymous No.24134954]

>>24134877
in fact, looking at the way things are going either way (either a boomer Trump who, best case scenario, ignores crypto, or an increasingly broke series of left-leaning governments inducing capital flight through bread and circuses), it's more than 65% likely in my estimation that US privacy coin legislation will be passed on the federal level before 2023 rendering possession of such tokens illegal by a consortium of cooperating nations.

[Anonymous No.24134981]

>>24134954
see >>24134908

[Anonymous No.24134998]

>>24134954
this same fud was said nonstop about Bitcoin. It's bullish. Regulatory concerns are always exaggerated. Plus the deep state would love a tool like Monero.
>>24134918
an unknown amount
>>24134869
kill yourself scammer

[Anonymous No.24135036]

>>24134908
>>24134921

I agree not at all with your suggestion that banning or illegalizing privacy coins would be bullish. Please consider the following:
if privacy coins are made illegal, AND those laws are enforced with meaningful vigor, THEN it follows the government would then exercise increased injunctions and controls against non-darkweb tumbler services and any exchanges dealing with this. IF it were made illegal on the level of drugs or wire fraud, for instance. Not saying that specifically would be the case, but we're structuring a hypothetical all up in your clavicle here.

Anyway, the IF/THEN follows that it would be crushed if pursued and squeezed. It's just a question of desire, and whether or not, like TOR's OPSEC situation with compromised nodes, the answer is for authorities to control and subsidize onramps and monitor traffic. These days TOR makes you stand out, not blend in.

[Anonymous No.24135109]

>>24134954
how new are you to this market? people used to say btc would be banned, and a lot still do, and it's banned in china yet they still trade it. If it were banned we might even expect the price to pump because the risk would dry up sell side liquidity, but demand would stay the same or increase. There will always be dexes, p2p and hopefully soon atomic swaps. I am not sure if the people spreading this fud are glowies or just retarded.

[Anonymous No.24135165]

>>24134698
Monero is the best onramp right now to avoid the KYC crap (via localmonero). Definitely bullish long term.

[Anonymous No.24135190]

>>24134998
>Plus the deep state would love a tool like Monero.
Also this. The rich and powerful need financial privacy more than anyone.

[Anonymous No.24135230]

>>24134698
>international drug trade
i'm long CVS JNJ NVO ABT GILD
my drug dealers are better than yours

[Anonymous No.24135255]

>>24135109
I'm not holding XMR for the reasons I bring up and am sharing my insights and analysis, same as yourself. There WILL always be dexes, true. What will be on them will be a question of access, culture, and ever-increasing regulation. As governments run dry in the increasing scarcity of this troubling time, they'll look for other sources of dosh and ways to tide the flow of it.
I am incredibly bullish on LINK and hold that. Simple as.

[Anonymous No.24135282]

>>24134869
fuck off, pajeet

[Anonymous No.24135289]

>>24135036
>If privacy coins are made illegal
That's a pretty big "If", as you are assuming the entire world would all come to the universal conclusion that Monero should be banned. Why would Monero be illegal and not other cryptocurrencies? Would all privacy cryptos be illegal? Would all cryptocurrency be illegal? Etc.
>AND those laws are enforced with meaningful vigor
Impossible without banning electricity or internet. Monero is a p2p network. You can't just ban it. You can strong arm on ramps but these can already simply get worked around with VPNs.
>THEN it follows the government would then exercise increased injunctions and controls against non-darkweb tumbler services and any exchanges dealing with this
Or they can just allow onramps to allow people to buy Monero, so they can monitor metadata that is gathered at KYC exchanges. This way they can keep an eye on people who are dumping large amounts of Monero with no transaction history, or people who are buying very large amounts of Monero. This is the much more logical scenario. Also, I don't know what it is with people like you who automatically assume that everybody who uses Monero wants to use it on the Dark Net. While that is a large marketshare for Monero, many of us simply don't want our transactions to be visible to anybody with my wallet address.
>These days TOR makes you stand out, not blend in.
Not at all schizo anon. Proper opsec will protect anybody, and just because one uses Tor doesn't mean they are immediately monitored by the feds. That would be a pointless waste of resources.
It is true that if you are engaging in sketchy areas of the internet, then you will encounter more people who glow. But as you state, it is easier for Authorities to control on ramps. This is exactly what will happen with Monero in the future.

[Anonymous No.24135294]

>>24135036
>menaingful vigor
My ass. If they were in any position to do this with any type of crypto, let alone privacy coins, they would have done it already.

>IF/THEN follows that it would be crushed if pursued and squeezed
You clearly aren't aware of how prohibition economics works even on a basic level. Get back to us when you can purchase a bottle of shitty vodka in Saudi Arabia for less than $500.

[Anonymous No.24135329]

>>24135255
>I am incredibly bullish on LINK
that explains it then, good luck with that

[Anonymous No.24135343]

>>24135294
>would have done it already
You mistake the tangled nature of those creeping vines for inactivity, my fren, but I assure you they grow ever imperceptibly day by day, reaching out to you as you lounge and sleep in your chair.

As for how this might eventually affect price action, okay, I admit that I may be wrong-- who can tell what's rationalization after the fact when we're correct? What factors actually go into something?
But it's definitely coming in one way or another, and the prow of that ship is aimed at XMR. I guarantee it.

[Anonymous No.24135371]

>>24135329
thank you. I'm doing very well already and see the functional utility in the concept. Hopefully Sergei doesn't get polonium'd by Chase Bank or something.

[Anonymous No.24135519]

>>24134698
Drugs are getting legalized left and right. It's Ogre.

[Anonymous No.24135555]

>>24135343
>the increasingly inept govt is coming for xmr holders
>I guarantee it
Lmao just stop it, this is an insult to FUD itself

[Anonymous No.24135587]

>>24134954
Good job the USA top alphabet agencies can’t crack it

[Anonymous No.24135695]

>>24134698
imagine holding 500x whale bags for a dead coin that's getting delisted from exchanges over mining a $300k cap coin (SAFEX)

[Anonymous No.24135946]

>>24135695
Bought a relatively small bag a few months ago and it's been nothing but good to me along with almost everything else, but the concern is appreciated

>>24135230
Worth looking into I suppose but for now it seems as though XMR is the gold standard for ordering bulk amounts of narcotics online, at least for the forseeable future

>>24135519
The only legitimate reason to be bearish here

[Anonymous No.24135964]

>>24134869

[Anonymous No.24135969]

>>24135946
>>24135230
Hahaha well played stonktard, I understandably just assume it's a shitcoin here

[Anonymous No.24136144]

>>24135289