61–70 of 139 posts
...on exchanges. They don't ban the coins and their private usages, they ban them on exchanges.
People will just (legally) use decentalised exchanges to convert between monero and bitcoin so it won't have much impact
Earlier quoted context omitted.
In a way Monero is more a cryptocurrency than Bitcoin. A fast, cheap, global, and private currency; in contrast to the speculative asset that is Bitcoin.
Bitcoin advocates pivoted on Bitcoin being a currency after it, to be brutally honest, failed to function as a currency. Last few times I transacted BTC, the fees were anywhere between $5 and $15 and the transaction times were more than 1hr. Not to mention the whole world can see all of your transactions. So they pivoted the marketing to it being a "store of value".
The lowest daily average cost per transaction in the last month was $0.81, and the highest was $2.52.
> Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies, such as Monero This isn't really an issue, AML exists for a reason, having had experience in countries where corruption was extremely bad, AML combined with solid privacy o…
> People can complain about "I want fully private transactions" - Okay then use cash. I want fully private transactions over the internet, cant use cash with someone a continent away.
The big problem seems to be that then you allow for arbitrary speculation, causing high volatility, and scarcity of reliable ways to exchange the money, because no organisation that could otherwise stabilise the exchange rate can put their name to fully private transactions.
Earlier quoted context omitted.
Bitcoin advocates pivoted on Bitcoin being a currency after it, to be brutally honest, failed to function as a currency. Last few times I transacted BTC, the fees were anywhere between $5 and $15 and the transaction times were more than 1hr. Not to mention the whole world can see all of your transactions. So they pivoted the marketing to it being a "store of value".
The cost for a Bitcoin transaction today is $0.96. The lowest daily average cost per transaction in the last month was $0.81, and the highest was $2.52.
Earlier quoted context omitted.
Bitcoin advocates pivoted on Bitcoin being a currency after it, to be brutally honest, failed to function as a currency. Last few times I transacted BTC, the fees were anywhere between $5 and $15 and the transaction times were more than 1hr. Not to mention the whole world can see all of your transactions. So they pivoted the marketing to it being a "store of value".
The cost for a Bitcoin transaction today is $0.96. The lowest daily average cost per transaction in the last month was $0.81, and the highest was $2.52.
Earlier quoted context omitted.
Less than nothing. Only applies on exchanges. If you manage to transfer such things in the public ledger, then there's no problem.
Both Monero and ZCash do not support any advanced smart contracts, so probably there won't be a way to stick with defi.
I'm a foreigner living in the EU for many years, here's my 2 cents. For over a year, I was locked out of financial services due to my inability to pass KYC. The reason was that I had already left one country, but was still in the process of getting a residency visa in another. During the process, I'm allowed to live in this country, but I have no ability to prove it to any financial institutions. So, no wonder I'm bi…
That is very strange, because you should be able to get a temporary residence certificate (whatever it's called in your respective country) and thus get an account with if not all then at least most banks.
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The EU's legislation has been decidedly mixed, and not an unalloyed good. Makes me wish there was a functional mechanism by which different jurisdictions could have an overall collaborative framework and experiment with different approaches without eventually deciding to force others to comply. I had some hope of the EU being that, but both the US and the EU have trended towards homogenization. I wonder if, in a hund…
Is that like different countries inside the EU implementing their own laws and drawing from that experience to influence the shape of EU laws? Or how neighbouring countries (like DACH, Benelux, Scandinavia or the Iberian peninsula) use regular international cooperation to shape cluster-local policies without involving the entire Union?
No, we don't have any of that here.
I wonder what benefit to society might having a shadow financial system bring? I can't think of any, except for financing entities operating outside lawful limits.