Basically all I see this doing is pushing Moneros timeline back a few years but when it pops out on its own it will explode and not return. Which is not a big deal as all the original holders have all made their investment returns (except idiots like me and those that got scammed).
Exactly. Monetary status will emerge from economic realities, not marketing and exchange listings. The race is to building an unstopable and uncensorable protocol, not who can secure the best backroom deals for exchange listings with their pre-mine. Anyone use verge on PornHub yet?
The monero devs are squarely focused on what matters: hardening the protocol. We are watching the nascent steps of this monetary status emerge in literal slow motion. It's going to be painful sometimes. Such is the nature of watching exponential growth from a human perspective fixed to about 0.2 seconds.
Chinese police bust a World Cup gambling ring with more than $1 billion in cryptocurrency
https://www.theverge.com/2018/7/13/17569006/world-cup-gambling-ring-china-police-cryptocurrency
SHUM
The operators used BTC, ETH and LTC. Lmao. And it seems Monero's community hasn't spread the word quite well yet. Curious if we would've even heard of it if XMR was used...
It is interesting that after all this years there seems to be so little interest for Monero in China. There is huge interest in Bitcoin but way less for Monero and we would sort of expect there will be because of China political and economic system.
The logistics of coordinating a billion dollars worth of transaction volume something worth, in entirety, 2 billion dollars is hardly feasible for a market already risky enough such as gambling.
The time needed to exchange that much without significantly impacting a market that typically only sees a couple million dollars a day would probably leave many a gambler sick to the stomach.
So, point is, aside from technical underlying potential, there are many other legitimate reasons not to use monero.
Like if one group we're to lose a 50+million dollar bet (you know..about 5% of a billion) denominated in USD but exchanged through monero that would surely be a losing proposition even if the opposite were true and the sorry fellas won the first bet.