Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
dEBRUYNE
on 09/07/2019, 14:19:32 UTC
Don't invest in it.

Use it.

You can both invest in it and use it. The one does not necessarily exclude the other. Besides, private wealth storage is a perfectly valid use case.
Yes!
I currently dont have a way to use Monero.
Most of  you will hate me for saying this but in 5 years time, I dont think that there will be much potential for good privacy coins investment wise.
And the reason is that regulation is moving in and they will not like exchanges listing coins which are non traceable.

I am going to post this ad nauseum until it sticks:

Quote
People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article:

Quote
Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.

https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendations

Arguably, this is long-term bullish for Monero.

Additionally, Tari Labs is creating an open source framework for listing Monero as well as educating regulators.