So I'm pretty convinced that we'll see a mega bull run next year due to the BTC halving. There's probably a LOT of wealthy people looking to invest, if the price starts to skyrocket again, but as we've seen in the past, these people are all about privacy.
Remember the Panama leakage a few years back?
https://www.bbc.com/news/live/business-35944255/page/2Wealthy people is likely to hide a ton of money in crypto, and while you could argue that most of them would hold privacy coins like XMR, there's also a fear that these will be illegal, and delisted/removed from centralized exchanges eventually.
This got me thinking, that perhaps decentralized exchanges where nobody can follow your trading history will get HUGE demand.
So perhaps it's not a bad idea to look into projects like Blocknet for the next bull run? If these DEX's takes off, the coin itself will be highly sought after.
Thoughts?
Sure, but that's a 2 edged sword, if privacy was the default in crypto, it might be more accepted and it would be easier to explain to bank what are the origins of your money, they can freeze the account because of suspicious activity. What we need is bitcoin to be accepted as a currency in everywhere, but banks will fight that to the death, because they can't freeze bitcoin wallets.
But somehow i have totally missed these kind of privacy based dexes, can you link me one?
This actually isn't that good of an idea. To be very true DEX really suck at times. Currently most of them have fake trading volumes created with the help of bots. The order books are filled with such bots.
*snip*
I haven't seen bot activity in any dex. Washtrading is usually paid service from the exchange to create volume in there. Trading doesn't really need to cost anything on them and the fees are made up.
To my knowledge on the dexes other hand every move is marked on the blockchain and washtrading would cost a lot.
Or maybe i've been mistaken, can you show me an example pair on somewhere?