Re:Binance has no proof of reserves for ETH/XRP, inadequate ...
by BoiledCabbage on Saturday November 19, 2022 @01:40AM
(#33667646)
Likely because that's the one he's invested in.
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Re:Binance has no proof of reserves for ETH/XRP, inadequate ...
by baxtr on Saturday November 19, 2022 @01:46AM
(#33667687)
That's the usual way to "shill" a coin. Say something people would agree to and then say, well there is this one exception...
However, I believe that's not what OG was doing. Coins like the one he mentioned are used for illegal money transfers. So they actually have a use case unlike everything else in Crypto.
Re:Binance has no proof of reserves for ETH/XRP, inadequate ...
by Nevermark on Saturday November 19, 2022 @02:15AM
(#33667857)
I thought Monero was going to grow in value in some kind of proportion to the term of Russian sanctions.
The total Monero market cap is too small to make a dent in any nations attempt to get around sanctions, but that would mean even a "small" amount of Monero use would pump its cap. And as its cap went up, its ability to process larger transactions would go up.
I still think that is valid long term reasoning, but the crypto market has so many different forces on it, so many hidden dynamics, that it's still better modeled as a casino than tech.
Re:Binance has no proof of reserves for ETH/XRP, inadequate ...
by imtringued on Saturday November 19, 2022 @03:55AM
(#33668400)
The cryptocurrency I "shill" can't be used for speculation in the buy and hold sense. The only way you can make money off of it is by making it less volatile and speculative.
Re:Binance has no proof of reserves for ETH/XRP, inadequate ...
by Thorentis on Saturday November 19, 2022 @07:07AM
(#33669419)
Not at all! Monero is the only crypto that ever managed decent anonymity so I think it will continue to be used in illegal marketplaces even after the rest of crypto crashes. Some interesting security research being done in the Monero community as well.