It was discussed for years and was finally started to be implemented (last fall I believe). It has to reach consensus with the miners which, I guess is happening.
LTC will likely be dropped from most exchanges due to the privacy feature.
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That's not sounding good. If most exchanges delist it, it only means its downfall.
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Well it makes it harder to go from fiat to LTC. However, I am sure there will be a lot of LPs opened up (and perhaps DEX) that carry LTC.
It will end up being a privacy layer for movement throughout the crypto world. Of course, the on and off ramps with fiat will be blocked if governments go in that direction.
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Aah, I guess I misunderstood MimbleWimble. We shall see then how it plays out when most CEX delist it.
If exchanging it to and from fiat becomes difficult, the only thing one can do is go the longer route which is exchanging it to other crypto and then to fiat (or vice versa).
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That is true but then that also removes the privacy idea.
What it does provide is for one to move around the crypto world without the eye.
For example, take some money, move it using the LTC MW feature, then convert it into whatever coin using a LP or DEX. This way one can grow his or her holdings without being known.
Yes it cant get to fiat but, if, commerce starts to increase using crypto, it might not matter much.
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I kinda like it, lol!
And yes, it won't really matter if in the future, crypto would be used in commerce.
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This is what I've been proposing for the last few weeks: buy stablecoins first just to get them off centralized exchanges immediately, then at your convenience at the DEX of your choice use stablecoins to buy crypto you really want. It's a way to minimize exposure to centralized authorities.
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Well maybe some already did that and are just silent about it.
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That's OK. They probably learned that long before I came here. There is no way I can believe I came up with this strategy first.
Words or terms? I may have a few I contributed to the culture or language here. But that buying strategy? No way.
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The future is in DEXes, it’s surprising that more aren’t realizing this and migrating
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That is for sure. Liquidity pools are only going to get bigger.
If the site will put articles through, I will post some ideas about the next idea with Polycub.
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