I just saw this article about okx delisting Monero and how it dipped 6% vs the US dollar. However, it is recovering and if thats the worst that a delisting can do they are pretty bad off. LocalMonero and similar along with other swap services will continue to exist. In the long term this just gets us closer to using Monero as intended.
If no one is accepting Monero in your country, city, or neighborhood, then the fair price is zero.
Closing down fiat ramps is just one thing that regulators might try. Next step would be banning Monero wallets from app stores, or marking Monero as malware or state sanctioned software. Who would want to use Monero then, when the UX is worse than paper cash? People buying drugs can use Venmo and say that they’re buying art commissions or something like that. Or exchange gift cars by mail.
Sure they can do that if they wish to continue their bondage, luckily more and more people can see through the veil and choosing not to comply, eventually not complying will be necessary to survival
People are dumb. If they can’t buy Monero using PayPal, then no one’s gonna buy it.
By the time it becomes a necessity, all our devices will be locked down at hardware level, and running Monero wallet will be practically impossible for the 99%
Sorry I might sound pessimistic, but I’ve been watching Monero for almost 7 years now. Only way to make people notice you and start looking for a solution how to use Monero is a 100X pump. Nothing else opens eyes like greed.
We know the ability to get Monero will not be essentially affected—after all, this is not the first time, nor the second time, when Monero is delisted. It seems reasonable to admit, though, that ultimately the ability/freedom to spend Monero might be limited if legit (e.g. hosting) companies can’t accept it in the future—directly or indirectly because of MiCA etc. Although, what will happen in such a situation may be seen as an interesting experiment.
Since the posted link is not very Tor-friendly behind CF, similar random links just in case…
The prices of some of these tokens have headed south shortly after the announcement. XMR is down nearly 3% in the past 24 hours, while ZEC has plunged by 10%
Man, I’m concerned. Localmonero’s days are numbered. I think it’s only a matter of time before they get hit with money transmitter license crap like localbitcoins suffered. I think the answer is to decentralize it in some way. It can’t just be a website.
You can also simply just buy any coin then swap it for Monero. This is not the 1990’s anymore where the tyrannical state mafia can threaten people with violence and take something off of “the market” and think it will be gone. They are morons, they have already lost.
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