RE: When THORChain lists Monero...
You are viewing a single comment's thread:
I mean, you can basically do that now, with more steps. And once taproot is implemented on BTC, it will basically be a privacy coin in its own right. I don't think THORchain currently has enough users for that to make an immediate difference. I could be wrong.
But you're right about the regulators. Going after XRP was absolutely stupid, and will likely be a huge setback for them in the long run. They could have gone after privacy tokens or DEFI and done a lot of damage to this space. Instead, they tried to go for XRP in a bid to set a precedence for going after basically everything except for BTC, and they will most likely fail and set an opposite precedent.
If they succeed, it will do a huge amount of damage to the crypto space in the medium term, and irreparable damage to American competitiveness in the long term.
Small correction: Bitcoin HAS implemented Taproot. So it's much more private now than it was in the past.
For all their talk, the US is never going to outright ban crypto.
There's too much money at stake, not to mention it would be a national security risk to let their competition take full control.
I'm convinced that behind closed doors, the higher ups understand this.
Surely...
Probably...
Maybe...
Uh oh...
Posted Using LeoFinance Beta
😂😂😂🤣😭
I actually met a state regulator in NC who had an interest in crypto regulation once. He seemed fairly knowledgeable. And Gary Gensler DEFINITELY understands crypto (take a gander at his lecture series on it if you get the chance; it's on YouTube).
But I don't think most of our elected representatives understand it at all. I think their idea of cutting edge crypto tech is a CBDC.