How do we know that Monero's XMR works?
Isn't it obvious? It gets delisted from every single exchange. You know, I really did think Binance was going to hold out longer, but here we are. Binance has been captured by the regulators and privacy coins get subsequently delisted. It really makes me want to stack more XMR but unfortunately that gamble is still a longshot at the moment.
Why do you need privacy if you have nothing to hide?
Ah the weak words of the police state and establishment in general. There is no irony here, only hypocrisy; they know exactly what they are doing. The people in charge understand the importance of privacy, but more importantly they understand the value in taking it away from those that will waive their rights in exchange for peanuts.
Privacy is a basic human right because everyone judges everyone for everything. It doesn't matter what a person decides to do, someone is going to find a way to be mad about it and try to punish the other person for their actions. Humans just can't mind their own business it seems. To make the, "You should have nothing to hide," argument is to imply that the society that we live in is absolutely infallible in every regard.
Authoritarianism is only an ideal state of governance is said governance is perfect and never makes a mistake. Obviously this has never been the case in the history of ever, otherwise we'd of seen great prosperity over the course of various totalitarian regimes. Instead we've witnessed quite the opposite, with this type of strategy signaling a last ditch effort to wrangle control that is all but guaranteed to end in revolution one way or another. Unfortunately many times that revolution ends with the beginning of more authoritarianism. Very sad. It is what it is. People just can't help themselves.
We are our own worst enemy.
As it turns out, privacy is also the cornerstone of fungibility, or rather fungibility is a pillar of privacy. One of those. One does not exist without the other. If money can be traced then it can be tagged as 'bad' money or 'good' money. This leads to whitelists and blacklists, and in both instances this paths to the same amount of money being worth different values given a certain situation, which is terrible for any currency. Money that was used in a crime 5 transactions ago is the same as money that was just printed. That's the entire point of money.
(1 == 1)
Back in olden days before the Internet existed it was perfectly reasonable to conduct all business ventures in cash. Cash is king. It's physical. It's private. It's difficult to counterfeit. People trust it. It would have been ridiculous to claim otherwise.
These days we have a completely different environment in which the establishment thinks it is their God-given right to track everything and profit and monitor everything. It's totally ass-backwards. Privacy has become a, "Threat to national security." But only when plebs get privacy, not the bourgeoisie. It's a two-tiered system in which some entities seem to be above the law.
So yeah go ahead and delist away.
Hive is the same way. We haven't really been delisted anywhere but our access to liquidity keeps getting cutoff time and time again. All the exchanges that listed Hive either shut down due to regulations or refused to allow Americans to access their platform. That's a problem.
The painful reality is that centralized exchanges ironically require the cryptos they list to be centralized securities. We've put a lot of effort trying to get listed on Coinbase. They refuse to do it because there is basically no one in charge they can go to if something goes wrong. Again, it's completely backwards. Just ask Crim. Eek.
All these signals point to one overwhelming outcome:
Decentralized exchanges, atomic-swaps, and AMM liquidity pools are the future. We need a way to cut the regulators out of the equation, and this is clearly the path of least resistance. Crypto doesn't ask permission. When a hurdle presents itself we code around it.
Liquidity to Bitcoin is key.
Bitcoin is basically the only decentralized asset that can actually get listings on centralized and regulated banks. They are winning all the lawsuits and forcing their way into the legacy system. The rest of the market can piggyback off those wins and grandfather themselves into the Trojan Horse just by building permissionless liquidity to Bitcoin directly.
Of course this is much easier said than done. Creating decentralized wrapped versions of Bitcoin to interact with natively on one's own chain is no trivial task. We're told VSC has a solution (and SPK as well), but time in the market is the true test of success within the crypto jungle.
Conclusion
Privacy is important, especially within the context of crypto. However, privacy can't go viral until it's permissionless and mainstream. XMR and other privacy solutions will be the tokens to buy when they can actually be traded for other forms of value without having to be funneled through a centralized bottleneck. Any DEX listing for a privacy coin is hugely bullish (assuming the complexity doesn't create unforeseen security issues). Definitely be on the lookout for that opportunity when it presents itself. Interoperability is key in this space. We must continues to collaborate and branch out to other communities. Strength in numbers.
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