I would say this is just the start.
The centralized exchanges are going to be a massive problem when it comes to the privacy tokens. Since Litecoin is adding MimbleWimble, it will end up being delisted.
The Koreans are already doing that.
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A hole that Thorchain could fill eventually.
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Care to elaborate? I am not following.
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If cexes continue delisting privacy coins the only way you could trade them would be through Thorchain since it is still the only protocol (that I know of) that lets you swap tokens from two different blockchains natively, eg LTC to BTC.
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Ah okay.
Well I would imagine we would also see a lot of wrapped versions showing up and LPs started. That way people could gain access and then bridge back to the original chain.
Whatever happens, this epitomizes how the industry is going to win. No matter what they do, there are ways to develop around it.
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Fully agree but wrapped tokens require faith in the contracts while Thorcahin swaps require almost none since the assets are swapped directly between each other.
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That is true. However, how long until it is live and going.
Also there seems to be great faith in many contracts. They seem to be getting better.
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I remember when Bittrex delisted DASH, ZCash and Monero a year ago or so. They re-listed it after some time.
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That might be true but this is being driven by regulation. We are going to see privacy coins banned.
Nevertheless, the more that comes out, the greater the chance people can move around the cryptosphere at least without being easily tracked.
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LiteCoin was one of the most talked about Coins in 2017-2018, not sure what will be its fate if more exchanges starts doing it.
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It shows going into the privacy realm is not going to sit well with regulators.
But you are right, LTC did fall from grace.
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Ouch! What a blow that would be for LTC. My first time to read MimbleWimble upgrade though :)
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It was discussed for years and was finally started to be implemented (last fall I believe). It has to reach consensus with the miners which, I guess is happening.
LTC will likely be dropped from most exchanges due to the privacy feature.
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That's not sounding good. If most exchanges delist it, it only means its downfall.
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Well it makes it harder to go from fiat to LTC. However, I am sure there will be a lot of LPs opened up (and perhaps DEX) that carry LTC.
It will end up being a privacy layer for movement throughout the crypto world. Of course, the on and off ramps with fiat will be blocked if governments go in that direction.
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Aah, I guess I misunderstood MimbleWimble. We shall see then how it plays out when most CEX delist it.
If exchanging it to and from fiat becomes difficult, the only thing one can do is go the longer route which is exchanging it to other crypto and then to fiat (or vice versa).
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That is true but then that also removes the privacy idea.
What it does provide is for one to move around the crypto world without the eye.
For example, take some money, move it using the LTC MW feature, then convert it into whatever coin using a LP or DEX. This way one can grow his or her holdings without being known.
Yes it cant get to fiat but, if, commerce starts to increase using crypto, it might not matter much.
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I kinda like it, lol!
And yes, it won't really matter if in the future, crypto would be used in commerce.
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This is what I've been proposing for the last few weeks: buy stablecoins first just to get them off centralized exchanges immediately, then at your convenience at the DEX of your choice use stablecoins to buy crypto you really want. It's a way to minimize exposure to centralized authorities.
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Well maybe some already did that and are just silent about it.
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The future is in DEXes, it’s surprising that more aren’t realizing this and migrating
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That is for sure. Liquidity pools are only going to get bigger.
If the site will put articles through, I will post some ideas about the next idea with Polycub.
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LTC going to 0, confirmed
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I have a bit of that. Hopefully we will see a pump before it heads to nothing.
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For most people, not just here but everywhere else, the most important number in cryptocurrency is 21 million: the MAX supply of Bitcoin.
What's the 2nd most important number? I think this is 84 million: the MAX supply of Litecoin.
Eventually people will be locked out of Bitcoin and fighting for Sats until even Satoshi are hard to come by. When people see how similar LTC is to BTC, they may give LTC a second look.
I'm not saying to ignore Bitcoin. I am saying not to overlook Litecoin, especially since it's getting the CUB treatment these days. With or without MimbleWimble, Litecoin has value.
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Not yet please, let it pump first, lol! I think I have some of it in a forgotten wallet somewhere, I have to sell it first, haha!
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