Wait, I think Binance still has XMR futures being traded?
https://www.binance.com/en/futures/XMRUSDT
Not the actual asset, just futures. Very sneaky. I think most exchanges will do this eventually.
We'll end up with two prices of Monero: the "above ground" CEX paper price, and the "street" price on DEX.
Makes sense, I'm thinking the same. My biggest point against self-custody is that ordinary people are not made of concrete and stone like banks. People can be robbed, mauled, shot at, kidnapped, or worse. Banks and money custodians exist for a reason, because they can resist physical attacks much better than regular person, and are completely resistant to blackmail and abduction.
BCH's privacy problem could be fixed by everyone shuffling their coins all the time. It would not be a burden on the chain, as BCH can efficiently prune and enable some next-gen scaling like UTXO commitments, making storage of the whole chain all the time a thing of the past.
Monero doesn't scale, like, at all. Every node must keep 100% of the blockchain, all the time, forever. Especially with the recent full-chain membership proofs, any transaction from anywhere can be a member of the ring. As usage grows, Monero blockchain will grow out exponentially, and the need to constantly scan blocks for transactions will clog volunteer non-mining nodes.
I see only grim future and unfixable obstacles for XMR.
I mean, what even is the point when it's all tied to horrible billionaire-shilled bloatchain that's BTC?
Don't want to be a part of this. Don't want to hear about BTC. I hate it, I despise it, I want it destroyed.
Hopefully I won't have to wait long for that. BTC will implode after a few more halvings.
Oddbean new post about login | logout
Notes by 4bf4759c | export