Worth buying sub $50? Or is it worthless? I feel like the privacy coin ponzi scheme is over.
Is this coin hopeless?
Bentley Anderson
Jeremiah Scott
the point of privacy coins is not to have high price, it's to be private... duh
Isaac Roberts
Privacy means it makes an excellent store of wealth for companies and persons.
Privacy coins as a store of wealth is not a ponzi scheme, as you aren't putting your money in expecting more out; you're just looking to hide your welath. The current collapse in value is due to irrational market panic. Once the wealthy begin storing their wealth in private currencies with high liquidity, XMR is the only choice. And they will have to store wealth in crypto as offshore banking is getting cracked down on severely. You can't even get a Swiss bank account as a US citizen without signing paperwork agreeing to let the IRS audit your balance.
Colton Watson
Wait for single digits.
Eli Thompson
the thing with Monero is you don’t need to accumulate a lot of it. you can just circulate through a few XMR for your private transactions, keeping your wealth stored in BTC. there’s no need for it to go up in value especially since it has no capped supply.
Gavin Butler
It's not and it's not really for profit it's to bootstrap a chip plant outside of cn control, AKA take it back and it's happening whether or not you buy into it. Get allies, divide and conquer. Then do what you will attempt with previous allies because let's be honest it's easy enough to come up with enough cash but realistically coming from over a decade in manufacturing you will never make it without refinement and a solid understanding of what it means to have hundreds of thousands of thousands of angry people flinging their worthless bodies at the base of your skull pile just think of the smell.
Carter Bell
>Privacy = store of wealth
Jacob Garcia
No one needs this, TRX will get the same privacy features in January.
Josiah Cruz
>"privacy coins"
Transparent ledgers are unusable. The only reason they get by today is because they are only used to go in and out of exchanges where they are essentially tumbled. Non private coins are literally a ponzi scheme with no real use case.
Cameron Allen