Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Monero, XMR, crypto, cryptocurrency

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Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis (monero.town)

submitted 3 months ago* (last edited 3 months ago) by prancing389@monero.town to c/monero@monero.town

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Pass this URL on to those considering crypto for the first time, or to a BTC maxi to watch their head explode, lol.

Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis

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[–] hfondmanager@monero.town 1 points 3 months ago* (last edited 3 months ago)

Re-hypothecation ... leading to a situation where multiple claims exist on the same Bitcoin holdings.

effectivily dilluting the as-if supply with derivatives: leveraged gains for banks.

They are selling non-existant stuff (like with the big XMR price manipulation) -- we'd need a mechanism of price discovery which distinguishes between real and paper. Monero on exchanges has the same problem. Weren't we supposed to be delisted from this scam?