SaberhagenTheNameless on Nostr: DNMs typically have custodial wallets (the market itself is escrowing funds for the ...
DNMs typically have custodial wallets (the market itself is escrowing funds for the sellers and buyers) so that would make zero difference (this is how markets exit and rug everyone in the first place). You would have the same situation of no privacy from the market for any funds on it.
So DNMs just decided to switch over to a coin with a tiny fraction of Bitcoins liquidity for fun? DNMs had to decide to introduce Monero in the first place out of all the other crypto alternatives out there. They weren't simply doing it because of Greshams law. Strong default privacy in a highly adversarial environment and very cheap transaction fees were the real reasons.
Published at
2025-01-28 08:55:43Event JSON
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"content": "DNMs typically have custodial wallets (the market itself is escrowing funds for the sellers and buyers) so that would make zero difference (this is how markets exit and rug everyone in the first place). You would have the same situation of no privacy from the market for any funds on it.\n\nSo DNMs just decided to switch over to a coin with a tiny fraction of Bitcoins liquidity for fun? DNMs had to decide to introduce Monero in the first place out of all the other crypto alternatives out there. They weren't simply doing it because of Greshams law. Strong default privacy in a highly adversarial environment and very cheap transaction fees were the real reasons.",
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