Post
Topic
Board Altcoin Discussion
Re: What do you think will be the next hype in crypto?
by
batang_bitcoin
on 14/12/2023, 19:26:44 UTC
We've got projects already that dealt with privacy, Monero is one and the government can't even stand with it because of what it offers so they're pressuring exchanges to delist it. How about ETFs? like just applications and no need for them for any approval and it's just all about hype.
There's already an ETF application for Ethereum and that's what these institutions want for it. They only just want to file and see how the market reacts.
Yes, Monero is a great example in terms of confidentiality of transactions. My friend mined Monero two years ago and transferred it from the pool to his wallet. The wallet is not active (it was created on a local PC only for withdrawing coins from the exchange, the seed phrase was stored separately). A couple of months ago, when he wanted to sell his coins, he discovered that his wallet was empty. Someone a year and a half ago simply stole all the coins in one transaction. At about 3 am, i.e. direct access to the PC is excluded and at that time he himself could not withdraw the coins and forget.
Does he have leads on who's the potential culprit with the said hack? if it's a direct access then that only means that there's someone from his home that have done it.

And the coins cannot be tracked  Wink
That's what monero and its privacy is what for. There's no way to track the transfers that you've done there and that's why the government is even afraid of it and they implement delistings from exchanges for it.