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In this video, I discuss Binance delisting Monero (XMR) and the negative implications for Monero’s future. Closing the regulated on-ramps and off-ramps to an asset is definitely not a way to spread adoption.
Unfortunately, Monero has been unable to build a robust global circular economy even while it was listed on major exchanges. As holders of Monero continue to lose purchasing power, they will jump ship and swim to Bitcoin, or allow themselves to be removed completely from the economic game through impoverishment.
Monero folks are smart and privacy-minded and deserve better than this. Bitcoin could really use their talent, since too few Bitcoiners care about privacy.
Monero folks should come over and join the winning team (Bitcoin) while they still can.
Not investment advice! Consult a financial advisor.
Binance to delist Monero:
Binance to delist Monero after previously adding 'monitoring tag'; XMR drops 15% https://t.co/RTcriYNi3F
— The Block (@TheBlock__) February 6, 2024
Monero is “hot potato money”:
Denial is not just a river in Egypt:
To separate Money from State we must first separate #Monero from Centralized Exchanges.
— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) February 6, 2024
https://twitter.com/0r3n0m/status/1752217124087472190
Csilla Brimer gets the gravity of the situation:
https://twitter.com/CryptoTweetie/status/1754903588420063562
Monero runs up naked to the walls of Troy and gets slaughtered:
#Monero runs up naked to the walls of Troy and gets slaughtered. #Bitcoin is the Trojan horse that helps to sack Troy.
— Matthew R. Kratter (@mattkratter) February 6, 2024
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#monero
#crypto
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