3 ms·
This is not really very easy to predict. It will definitely rise from it's bottom because it has some utility even when illegal, but what that bottom is and how
by betwixthewires 5y ago
This is not really very easy to predict. It will definitely rise from it's bottom because it has some utility even when illegal, but what that bottom is and how high it will go is the question. Will a government be capable of stopping its use? The DoD could 51% attack monero with 0.1% of it's yearly budget. But say they couldn't stop it, the next question is, is there a use for it for people who aren't engaged in black markets, for example, is it made illegal in a pending currency collapse? There are a lot of variables that affect the value of an asset, particularly currencies, and particularly when they're made illegal.
- young_unixer 5y agoThat makes sense if the policy change is instantaneous, but if they decide to boil the frog slowly, people are going to progressively adopt Monero.