They're gonna use Coinbase as a cudgel to beat up more honestly run services. All the laws will be written with Coinbase in mind and very harsh KYC regs that will be incredibly onerous for newcomers to update without being shut down.
Once it hits monopoly status they'll make it nearly impossible to remove your coins and trade directly. They basically want it to be a VISA 2.0.
The privacy coins like Monero will be offered for a bit then banned.
Of course the great awakening and GME going off DTC will throw a big wrench in this plan.
I have a question. How do you purchase Monero? I have been unable to find it on any of the exchange. I thought Moreno is a privacy coin so I shouldn't have to register for it. Even the machine in Valero needs you to have a cell phone. I know, I can buy it with a throwaway cell phone but still, no Monero.
You could also buy pretty much any coin from anyone you know and then use a swapping service to swap it for Monero. IME they're trustworthy (though I only do it for small amounts).
Of the big exchanges I like Kraken the best, but it's still a KYC nightmare.
And hell if you really want some to play with just drop me a line and I'll send you a few bucks worth. The transfer fees are cheap. You can use it to buy VPN service.
They're gonna use Coinbase as a cudgel to beat up more honestly run services. All the laws will be written with Coinbase in mind and very harsh KYC regs that will be incredibly onerous for newcomers to update without being shut down.
Once it hits monopoly status they'll make it nearly impossible to remove your coins and trade directly. They basically want it to be a VISA 2.0.
The privacy coins like Monero will be offered for a bit then banned.
Of course the great awakening and GME going off DTC will throw a big wrench in this plan.
I have a question. How do you purchase Monero? I have been unable to find it on any of the exchange. I thought Moreno is a privacy coin so I shouldn't have to register for it. Even the machine in Valero needs you to have a cell phone. I know, I can buy it with a throwaway cell phone but still, no Monero.
Monero is mineable if you just want a bit to play with and have a decent CPU. I mine in the winter when the extra heat around my desk is a benefit.
If you don't want to go through all the rigamarole of setting up an account the best way is to just buy some from a techie fren.
https://www.getmonero.org/community/merchants/
You could also buy pretty much any coin from anyone you know and then use a swapping service to swap it for Monero. IME they're trustworthy (though I only do it for small amounts).
Of the big exchanges I like Kraken the best, but it's still a KYC nightmare.
And hell if you really want some to play with just drop me a line and I'll send you a few bucks worth. The transfer fees are cheap. You can use it to buy VPN service.