XMR may be next BTC

[satyr85]

Soon you wont be able to buy crypto anonymously in whole EU, all crypto exchanges will have to report to EU governments.

Because of this whole crypto will loose its purpose as currency gov cant control.

But there is XMR, anonymous and untracable by default (but it can be traced if you are idiot). Standing quite strong as market is falling.

People will want to trade in XMR or at least swap to XMR to gain anonymity.

Best part is - there is no other popular crypto coin offering similar level of anonymity. There is Zcash, but its not even close.

 

[juli3tt]

Yeah, Monero's privacy is top-tier, but EU rules are really cracking down. Most big exchanges are dropping it because they can't track transactions for regulators and people who want XMR will have to use decentralized swaps or P2P trading going forward.

 

[Sol]

There is Zcash, but its not even close.

What are the main differences between XMR and ZEC?

 

[SendMyFriend]

Government always wanna control any actives. I also don't think that XMR has such a high level of anonymity. Think about what - there is a blockchains, okay, yeah - alot of different chains: BTC, ETH, SOL and so on. They store the full info onchain. Could it be technically pwned by new AI? 95% of transactions since start gonna be scanned and everyone will understand who is who. Idk if XMR can be sooooo anonymous.

 

[satyr85]

What are the main differences between XMR and ZEC?

XMR is anonymous and untracable by default (unless you are idiot). Zec is not (source).
People from darknet accept payments in XMR only, not BTC, ZEC or whatever - this says it all.

@juli3tt yeah, many exchanges are dropping it, but you can always just swap to xmr using trocador.app or similar, no problem here, works like a charm. You can make swap over TOR as trocador have onion url. So even if exchanges will drop it, there will be demand.

@SendMyFriend You are wrong mate and you dont understand how XMR works, read about it more, you will be surprised. Decoys, stealth addresses... and there is more.

 

[kalpana007]

Soon you wont be able to buy crypto anonymously in whole EU, all crypto exchanges will have to report to EU governments.

Because of this whole crypto will loose its purpose as currency gov cant control.

But there is XMR, anonymous and untracable by default (but it can be traced if you are idiot). Standing quite strong as market is falling.

People will want to trade in XMR or at least swap to XMR to gain anonymity.

Best part is - there is no other popular crypto coin offering similar level of anonymity. There is Zcash, but its not even close.

Both XMR and zcash showing up movement.

 

[SendMyFriend]

XMR is anonymous and untracable by default (unless you are idiot). Zec is not (https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash-transactions-traceable-says-chainalysis/).
People from darknet accept payments in XMR only, not BTC, ZEC or whatever - this says it all.

@juli3tt yeah, many exchanges are dropping it, but you can always just swap to xmr using trocador.app or similar, no problem here, works like a charm. You can make swap over TOR as trocador have onion url. So even if exchanges will drop it, there will be demand.

@SendMyFriend You are wrong mate and you dont understand how XMR works, read about it more, you will be surprised. Decoys, stealth addresses... and there is more.

I know how XMR works.

But y don't know how AI works.

So it's a matter of time, I bet - when all the stealth gonna be pwned.

 

[SendMyFriend]

Also the thing I wanna mention. So loud words about XMR becoming next BTC.

BTC was so cool, cause it brought a new technology to us called blockchain. Now even banks use blockchain analogies, so why do y think XMR can cost as much as BTC costs? There are loads of crypto and so on.

We talk about anonymity, ok. But as I've mentioned - It depends on new AI's power. I think, that great AI can even pwn 50.1% of blockchains packages, and that brings chaos into cryptocurrency as well as any other currency. It's a matter of time. We need new protocols to defend our savings. So I hope that clever people gonna find new way to protect money and transactions.

That's called evolution, mate.

 

[learnandearnwithseo]

Soon you wont be able to buy crypto anonymously in whole EU, all crypto exchanges will have to report to EU governments.

Because of this whole crypto will loose its purpose as currency gov cant control.

But there is XMR, anonymous and untracable by default (but it can be traced if you are idiot). Standing quite strong as market is falling.

People will want to trade in XMR or at least swap to XMR to gain anonymity.

Best part is - there is no other popular crypto coin offering similar level of anonymity. There is Zcash, but its not even close.

How much is the contribution of EU in total Bitcoin holdings ?

 

[virtualpurity]

Has its perks - Yes
Gonna be next BTC - hell No lol

 

[Tzako2000]

It's a bit of an exaggeration to say that XMR is the next BTC. The difference in ecosystem and goals alone is already different

I know it's about anonymity but no, it can't be the next btc

 

[medialounge]

What if xmr is seated upon by some insider's too
Because xmr is too anonymous
Thats why it's not supported by most central exchanges

 

[Racc00n]

Soon you wont be able to buy crypto anonymously in whole EU

you can still meet with other people, and buy/sell your crypto. face to face, you know.

 

[onlinemarketer12]

What if the government then passed some other law that anyone buying XMR can be fined heavily and then asking this information from exchanges and other places ?

 

[Belugass]

If his value cannot be tracked, it will rise rapidly.

 

[Venusaur]

Monero is like a sanctioned country, it's boycotted by major exchanges, it has been around since the beginning, I don't have many expectations about it.

People in general don't care much about privacy, billions of people are exposing themselves on social media, maybe you'd be right if people suddenly starts to boycott everything, because everything, including phones, smart TVs, computers, all kind of technology used on a daily basis is basically a spyware, if billions of people started to boycott mainstream spyware (FB, Android, Google, TikTok, Instagram, Whatsapp,Apple, Amazon, everything) we could see Monero becoming huge, but this is just a fiction book, almost nobody is willing to lose comfort to gain privacy

Also, there is no ''new BTC'', Bitcoin is another level, at this point not even ETH can reach it anymore.

 

[TheSplinter]

Soon you wont be able to buy crypto anonymously in whole EU, all crypto exchanges will have to report to EU governments.

Because of this whole crypto will loose its purpose as currency gov cant control.

But there is XMR, anonymous and untracable by default (but it can be traced if you are idiot). Standing quite strong as market is falling.

People will want to trade in XMR or at least swap to XMR to gain anonymity.

Best part is - there is no other popular crypto coin offering similar level of anonymity. There is Zcash, but its not even close.

Exchanges operating in the EU have done that for years now. That's nothing new.

 

[servury]

Cryptocurrency was originally designed for peer-to-peer transactions without intermediaries. When we rely on centralized exchanges to buy and sell crypto, we re-introduce the same centralization and control that crypto was meant to eliminate.

 

[seomaster5]

Soon you wont be able to buy crypto anonymously in whole EU, all crypto exchanges will have to report to EU governments.

Because of this whole crypto will loose its purpose as currency gov cant control.

But there is XMR, anonymous and untracable by default (but it can be traced if you are idiot). Standing quite strong as market is falling.

People will want to trade in XMR or at least swap to XMR to gain anonymity.

Best part is - there is no other popular crypto coin offering similar level of anonymity. There is Zcash, but its not even close.

It is already growing at a very fast rate. Imagine the people holding large amount in btc now converting to privacy coins like xmr. The amount will be huge.