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    Author Topic: [XMR] Monero Speculation  (Read 3316676 times)
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    generalizethis
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    February 08, 2018, 06:34:47 AM
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     #36521

    XMR is altcoin is pretty good and the longer the price is also increasing, particularly suitable if used to invest in the long term.

    I agree with you, XMR is a good altcoin.

    But I’m concerned how laws than ban anonymous trading. For example the ones introduced in South Korea recently. Without anonymity what’s the difference between XMR and BTC?

    Anonymous centralized commercial trading does not have anything to do with private peer to peer transactions.  They want their pound of flesh.  No more, no less.  Well, maybe more...

    If everyone is using only XMR I would have no issues. But if the only way to change your XMR to BTC/fiat is peer to peer, I feel it’s would be very inconvenient.

    Inconvenience is a small price for privacy. This is mainly a speculator's concern as they don't want to see the price drop due to ease-of-use (for themselves). Anyone who needs, or really-really-really wants privacy, will happily go to café and trade cash for xmr--I'm amazed that the early years of Bitcoin are so soon forgotten by crypto-rushers of today who can't see past their lambo dreams to actual usecases being delivered. Of course, this is the same greedy myopia that led to Bitcoin Maximalist--who somehow forget the one market that mattered in their pursuit for institutional money. Maybe that bet works out in the end (digital gold seems as dumb as real gold's perceived value, "look shiny!"), so it may work out for those who will eat their dicks if it doesn't. Meanwhile Monero moves on to claim the title of digital cash, which is something useful enough to survive inconvenience.

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