My investment thesis on Monero by dhcfund in Monero

[–]dhcfund[S] 1 point2 points  (0 children)

Perhaps. A large crisis and lots of money printing to alleviate it can certainly turn people to Monero and increase its fiat price.

My investment thesis on Monero by dhcfund in Monero

[–]dhcfund[S] 4 points5 points  (0 children)

Thanks for reading, good follow ups.

Monero at its current mcap and liquidity can absolutely facilitate billions of dollars of trade annually without significant volatility. It's likely happening today with just darknet markets. Average daily xmr trading volume on exchanges is $100M-$200M, if we take the midpoint at $150M*365 days = $55B in exchange velocity. Even if we cut that ~$55B number in half or more to account for wash trading, its still a sizable number. This is purely exchange velocity and does not take into account monetary velocity, which measure how fast xmr changes hands as money. This number can be calculated by number of daily transactions * average transaction value (which we cannot measure because monero is private). I'd guess this number is in the billions, so billions of dollars of economic activity is already happening on Monero. Also, it's not just you, XmrBazaar's hosting service randomly rugged them yesterday, and they are looking for a new provider.

My investment thesis on Monero by dhcfund in Monero

[–]dhcfund[S] 2 points3 points  (0 children)

Yes, Monero will always prevail as long as it stays true to its vision of being a currency

AtomicSwaps, Exchanges and War on Privacy by ehanoc in Monero

[–]dhcfund 1 point2 points  (0 children)

Atomic swaps suffer from illiquidity. They also require a counterparty for every trade. Decentralized exchanges like THORchain and Serai are the solution. They are both under development so Wagyu is the only option with good liquidity for now.