You don't think there will be more competition for the

Question

You don't think there will be more competition for the

medium of exchange role as volatility in the exchange rates between all currencies increases or are you saying you are confident XMR will emerge the winner?

#cryptocurrency #english #xmr

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22.02.2022

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__St0n3d___Gh0st__

Pasternak
Principle of inevitability. I am sure there will b...

amen

0

23.02.2022

Pasternak · Accepted Answer

Principle of inevitability. I am sure there will be competition, but there is currently no project in work comparable to Monero. Some new projects are interesting but none of them is POW. Once CEXes start to lose their roles and DEXes get replacing it, the manipulating capacity of the market saturated with USD fakes will decrease. The CEXes will lose their potential to manipulate the price, which they do all the time. Not only with crypto. Governments themselves will do the job. See Canada. They are creating the mycelium for the wide spread usage of crypto in their own country. They force people to use it even away from the CEXes and the CEO of Kraken is publicly asking people to take their crypto away from it. This is an amazing achievement of the government of Canada on their journey to self destruction. They exposed their instruments of tyrany to the oppressed ones. Now the gov inevitably must increase the pressure that immediately motivates even more people to use crypto instead of CAD out of fear of confiscation. And snowball is rolling... I believe that Monero is on the way to play the role of the supreme escape instrument once the oppression and it instruments are in the public awareness. The snowball is moving. And the government inevitably must increase the pressure -> more ppl in crypto -> increase pressure -> even more ppl in crypto -> ... gov confiscates huge amount of bank accounts AND no-privacy coins -> people will inevitably end up in Monero.

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