Row 52798

Row ID: 52798 | Dataset Entry | Axioma AXP Content Repository

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I think it's probably a coincidence, or mostly a coincidence. In terms of the dollar value of a cryptocurrency an ETF does actually matter because of all the dollars that can only be invested in it if there is one, same reason Binance listing matters. The SEC seems to have not really wanted to approve it but did so because they would lose the ensuing lawsuit if they didn't. They have a special hatred for privacy coins, but also hate all crypto.

Dollar value matters for network security, but it's not the only thing that matters. One thing I worry about is that tradfi buy-in will contribute to cryptocurrencies becoming less decentralized and more KYC'd. A great thing about the Monero community is that it generally cares about the privacy more than the price, which I think would tend to become less true for cryptocurrencies with a lot of stakeholders that only care about the price and maybe are ok with losing independence from corporate and nation state control. The way things are playing out currently, to me, does not seem like the ideal circumstances for rendering Monero useless for its purpose. The attention of institutional investors and typical crypto speculators could be worse than their absence.

FieldValue
text I think it's probably a coincidence, or mostly a coincidence. In terms of the dollar value of a cryptocurrency an ETF does actually matter because of all the dollars that can only be invested in it if there is one, same reason Binance listing matters. The SEC seems to have not really wanted to approve it but did so because they would lose the ensuing lawsuit if they didn't. They have a special hatred for privacy coins, but also hate all crypto. Dollar value matters for network security, but it'…
label r/monero
dataType comment
communityName r/Monero
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9qVElwamFZcW9nZGZjWVRRT09sVjVxU3B3d0wwTldNZEdfM0xHUUtfOUZST3FjeGlERHVGME1mWUNsenhMXzZGNlduZzBLaWxpd2l2cGswNXp4VTJFWUdYUEZ3ZW1sZDMxVmhJRHdZVGFBcmRRQU56OVdSOEh6aklic3dMd0daeHFVOS1ldFNxQzYwNlBLX3pDUktpNkFqV0pEZzBTdlF3Z0FLMVpBNEc3X2ZJLUNGV0JqU1dUd0pKOWVDbG9aOWpD

Raw Record

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  "text": "I think it's probably a coincidence, or mostly a coincidence. In terms of the dollar value of a cryptocurrency an ETF does actually matter because of all the dollars that can only be invested in it if there is one, same reason Binance listing matters. The SEC seems to have not really wanted to approve it but did so because they would lose the ensuing lawsuit if they didn't. They have a special hatred for privacy coins, but also hate all crypto.\n\nDollar value matters for network security, but it's not the only thing that matters. One thing I worry about is that tradfi buy-in will contribute to cryptocurrencies becoming less decentralized and more KYC'd. A great thing about the Monero community is that it generally cares about the privacy more than the price, which I think would tend to become less true for cryptocurrencies with a lot of stakeholders that only care about the price and maybe are ok with losing independence from corporate and nation state control. The way things are playing out currently, to me, does not seem like the ideal circumstances for rendering Monero useless for its purpose. The attention of institutional investors and typical crypto speculators could be worse than their absence.",
  "label": "r/monero",
  "dataType": "comment",
  "communityName": "r/Monero",
  "datetime": "2024-05-22",
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}
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