I think CBDC are actually brilliant, because the black labor market will still exist, and they obviously will not use CBDCs. They will use Dash, Zano, ZCash, Monero. Ergo, finally we see real world adoption of useful privacy-friendly cryptocurrencies due to NNT's minority rule.
Replies (11)
The most private and anonymous cryptos that DNMs and irl black markets adopt will be king. Logical conclusion if we assume an increasingly hostile stance from governments.
Exactly. Also, it's worth looking at Africa - what cryptos do they use daily for buying groceries etc.
I agree. But it'll also make on and off ramps way scarce and dangerous for the common folk.
XMR onramping is already illegal in parts of the world. they buy "legal" cryptos and swap them with instant swap websites if they are lazy, or they use bisq/retoswap if they are patient. sometimes people sell things on xmrbazaar as a way to onramp and they buy things to offramp
Didn't say it was going to impossible, just harder.
Based on what I've heard, tether.
one day, cross chain atomic swaps will be shiny and new and easy. it will wipe your tears clean
Yes USDT is big
I agree. But if stablecoins on surveilled chains are on one side of the trade, they'll be traded below "clean" coins price. That's what I meant when I said it'd be worse. But I have my hopes up, we'll find a way.
If enough people use it, you don't need on or off ramps. Just like you can pay with the USD in Uzbekistan, and it is actually the preferred currency. The problem is people need to start using it. I also think Dash solved this problem more or less.
