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Re: DawgTrading post# 74403

Monday, 06/12/2023 2:18:14 PM

Monday, June 12, 2023 2:18:14 PM

Post# of 75094
FedNow is very interesting and the XRP ruling might not be all that great.

Plus, I read a interesting article last night about Bitcoin. This is from a one time Bitcoin cheerleader.

"Bitcoin is an ineffective cult that not even “bad guys” want to join anymore, said the author of The Black Swan, a bestselling book on the extreme impact of outlier events. Cryptocurrency falls short on its claim to streamline payments, and doesn’t even facilitate illegal transactions well, Nassim Taleb told Bloomberg on Thursday.

“It’s not even good for money laundering,” he said. “It is too traceable. Gold you can re-melt [into] bars, you can do something, but Bitcoin has a book entry somewhere that anyone with basic knowledge of statistics can triangularize.”"

https://fortune.com/2023/06/09/bitcoin-black-swan-author-nassim-taleb/

As of May 2023 Monero is still untraceable.

"Monero has privacy turned on as a default setting. Untraceable transactions and anonymity are baked into the protocol. As a side effect of anonymous and untraceable transactions, Monero is more fungible than Bitcoin."

The IRS has put a $625,000 bounty for anyone who hacks/cracks the Monero privacy.

"FedNow, an instant payment service the Fed plans to introduce in July. FedNow will let individuals and businesses transfer money in real time and have access to the funds within seconds"

IG




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