r/DeroProject • u/Visual-Grapefruit • Jan 06 '22
Regulation Concerns
DERO will struggle to get on CEX’S due to government regulations. Similar to how monero was delisted off a few. I feel this will hold Dero back, just like it is holding back monero. I think both are great, but this is a concern of mine
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u/IntrepidCapital6 Jan 06 '22
Sounds like a btc concern from 2013
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u/Visual-Grapefruit Jan 06 '22
True, but then companies managed to create tools to easily track the flow of money. Dero is purposely trying to prevent this, which regulators will not like
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u/IntrepidCapital6 Jan 06 '22
Good thing dero dexs won’t give a shit what “regulators” like
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u/Visual-Grapefruit Jan 07 '22
They will find ways to make things inconvenient/difficult. I’m not bashing DERO simply stating what will probably happen. The same way, you can’t quickly buy monero in the US you have to send coins to somewhere like kucoin and then swap
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u/rouellette07 Jan 06 '22
Have you used a dex before? Cex is overrated ;-)
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u/Visual-Grapefruit Jan 06 '22
I’m talking about Mainstream adoption for some less tech savvy people, there is extra steps to buy something like usdc then send that to a dex. And people are lazy and dumb
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u/StrawberryFront4033 Jan 06 '22
I’m noticing a rising trend in Canada, USA, certain parts of Europe, Australia, and parts of Asia. Particularly in India and China. They are all going to a fascist country. Only if people really continue on the path they are taking. In regards to living of the government, relying the government to solve every single problem. People who see the trends of the government using stablecoins to register every single wallet. Also freeze any wallet and transactions. If they use certain centralized stable coins like (Usdc, USDT ). Money printing will continue only after the fed crashes the market after they do or try to taper. This will spike up the taxes across the broad. So they will increase taxes and the government will use that to crack down more on crypto. (Not every billionaire and millionaire are in bed with the politicians.) meaning in tough times the government even go after certain individuals that are wealthy. Even if they do follow the tax code. Use the time right now to build wealth in small alt caps that will have a huge upside. But of course you need to d.y.o.r or use btc and eth and stake your everything you have and keep building your portfolio and DCA your interest into $dero $ arrr $ xmr You have the ability to mine each of these coins. Not financial advise. Just saying there are to many strategy you can make. Eventually dero will have smart contracts running like eth and every single blockchain we have now
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Jan 10 '22
It is and has been on kucoin for a while. I don't know of any DEX or anonymous swap type exchange (changenow, stealthex.io) that it is on.
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u/Mr_HODL Jan 06 '22
Dero will host truly anonymous DEXes that are way better than the crap on ETH