https://image.nostr.build/b653865625cd8068d5390f3c131bb6adee6bc113aa8cdd9b3f8e5337eb4ab212.jpg
No monero fan bothered to answer me yet. So, next try…
What will we all do if let’s assume Monero gains momentum and becomes number 2 or even number 1 (in usage and/or price) and Wallstreet & Friends will just do what they did to BTC.
Print fiat and buy all the monero they need, then manipulate price and then offer paper-monero services… ETF, wrapped monero, leverage, futures etc etc…
Moneros privacy attribute can not prevent this from happening, if they control the price XMR becomes unattractive too.
So what makes monero fans so convinced that it would be off much better?
If you never off ramp in BTC, then it is also unstoppable and untraceable (keys could have been stolen…)
The real question in both cases seems to be, who is really ready to break his/her countries law by using those coins in high amounts without reporting it.
What will we all do if let’s assume Monero gains momentum and becomes number 2 or even number 1 (in usage and/or price) and Wallstreet & Friends will just do what they did to BTC.
Print fiat and buy all the monero they need, then manipulate price and then offer paper-monero services… ETF, wrapped monero, leverage, futures etc etc…
Moneros privacy attribute can not prevent this from happening, if they control the price XMR becomes unattractive too.
So what makes monero fans so convinced that it would be off much better?
If you never off ramp in BTC, then it is also unstoppable and untraceable (keys could have been stolen…)
The real question in both cases seems to be, who is really ready to break his/her countries law by using those coins in high amounts without reporting it.