#gmfrens 💚😵
Are #privacycoins like $XMR a buy and hold investment, or to be used?
Does the demand from being used mean they go up in price and become good investments?
🤔.
Just some morning thoughts.
#gmfrens 💚😵
Are #privacycoins like $XMR a buy and hold investment, or to be used?
Does the demand from being used mean they go up in price and become good investments?
🤔.
Just some morning thoughts.
Privacy coins hold, use just a little gifting to new users for onboarding. Privacy STABLE coins however, definitely use.
imo.
I'm sure you've told me this before, but what's your most promising private coin with a stable option?
Don't think there is one - well, there's Haven (XHV) which has what they call an offshore vault for that purpose, but i'm not sure if its promising.
My wish is to get HBD on Zano as a confidential asset (once this can be done after the upcoming Zarcanum fork).
It can be done apparently, i discussed with Dev & tried ti get attention of Hive Devs but to no avail.
Yeah, #ZANO is very promising.
With anonymous zHBD lockable in deposit, Hive could moon, imo.
I got some interesting responses on the DASH to Maya integration, basically saying it's horrible because DASH is centralized. I'd love your thoughts in regard to #privacycoins like DASH being used in cross chain swaps
Well it is centralised... like pretty much every single shitcoin out there haha.
It's definitely a risk cos what's the point of being private if a small group of people can collude to alter transactions.
Monero has at least somewhat proven to be censorship-resistant.
I go back to this potential 51% attack:
https://leofinance.io/@forexbrokr/is-monero-going-to-be-51-attacked-by-minexmr
But compare it to what the net hashrate for the network looks like now, and things look good:
https://poolbay.io/crypto/23/monero
I'll look a bit more into Dash / Maya today.
Think it is moar to be used. May be an investment at times like any, if timed correctly.
Sitting on the fence I see haha.
To $XMR or not, that is the question? source
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