Quote from: Abiky on April 03, 2024, 04:34:58 PM

Quote from: o48o on March 27, 2024, 05:21:36 PM

Well there's always a choice. If we want btc or coins with anonymous transactions to go up in value, we need high liquidity and that happens by complying with regulations. If we want total freedom, or even anonymity we don't expect financial insitutions or centralized exchanges to deal with them.

And i totally get, how what i am saying is against whole early cryptopunk money ethos, but we have came a long way from the start, and laws are catching up with the people who are stealing cryptos. So cashing large amounts out in fiat money will become harder and will need good old money laundering in fiat money side.

I am assuming that you already know that if something doesn't have a blanket anonymity it doesn't mean it couldn't have privacy via ZK. And you probably know that is for everyone's best interest if our financial sector DLT complies with strict privacy laws in EU.

We have to decide whenever we want to please the regulators (at the cost of low privacy and limited freedom) or people's best interests. Bitcoin was created with a "cypherpunk vision" as an antithesis to Fiat (which is backed by corrupt banks and governments). The approval of spot ETFs and the institutionalization of crypto is definitely not a good sign. Even if that means higher market prices over the long term.

Was it always about making money? Or was it about making our world a better place? People seem to be missing the bigger picture. Many want to get rick quick, even if that means giving up their privacy and freedom. I see GRIN as a unique project not tied to the hands of "Wall Street", evil banks, governments, or corporations. Same goes with Monero. These coins may be hated by many, but they're our only escape route to government censorship and surveillance.

I'm fine with GRIN going down in market price, as long as the core Blockchain network remains actively developed and maintained by the community. Hopefully, decentralization will prevail in the long run.

i agree with totally. Except quick get rich scheme. If you look at hashrate and downward spiral price, some of them get quite RICH with insider info.

Keremgor

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