/biz/ - Business & Finance

It would havd been nice if atomic swaps were around for the peak of the bullrun

>>26033648
>so fucking what if you have atomic swaps?

It makes acquiring XMR as easy as buying BTC/LTC/whatever on Coinbase.


>that means the entire liquidity of monero is 100% contingent on another coin providing it. so why would a rationale person hold monero over the more liquid person?

Because as long as they know they can seamlessly swap back into BTC/LTC/whatever at any time, holding Monero isn't really an issue.

Also, holding and using XMR provides you full transactional privacy with guaranteed fungibility, unlike BTC/LTC/whatever.

That means holding XMR = less headaches and stress. You're not going to wake up one morning to discover half of your stash has been blacklisted by the US Treasury.


>this is extremely bearish for monero PRICE. monero will basically be a sidechain of the most liquid coin

Its more likely that BTC and XMR will develop a symbiotic relationship where BTC will provide XMR greater liquidity while XMR will provide BTC greater fungibility and privacy.


>and will used parasitically by that more liquid coin for whatever fraction of transactions require the features of monero.

The fungible coin will always be at an advantage. XMR = zero chance of ending up on a "tainted" blacklist. BTC = non-zero chance of ending up on a "tainted" blacklist.

Aiiiiiiiight

>>25841310
>regarding atomic swaps, won't this just make XMR a stable coin? No requirement to buy/sell monero so the price will not increase/decrease.
>
>can someone elxplain because i don't understand.

If XMR is universally delisted it will increase its scarcity and therefore its price. Just like narcotics.

Also, XMR will soon become the default and likely only means of payment on the darknet. More utility = more demand = higher price.

And finally, unlike BTC, XMR is fungible and thus a more attractive acquisition than potentially tainted BTC, meaning there will be an asymmetrical demand for XMR, further increasing its price.

Therefore atomic swaps will primarily work to Monero's advantage and to Bitcoin's disadvantage.