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Is there any reason why monero's price wouldn't crash once trustless atomic swaps between bitcoin and monero are implemented?

I understand the need to use monero, but why would anyone (buyers and merchants) hold it at that point if they seamlessly swap it to bitcoin?

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Discussion

Russo 2y ago

Because it’s utility maybe..

sommerfeld 2y ago

I didn't claim the price would go to 0, just that it would crash due to it's utilitarian price point, whatever that is.

The monetary premium for a SoV is orders of magnitude above the one for a MoE.

Colin Sullivan 2y ago

Black listed Bitcoin wallets

sommerfeld 2y ago

Swap to monero, swap back, hodl bitcoin.

Colin Sullivan 2y ago

True, but $3B market cap vs. $600B

<1% doing this would bloat that coin pretty quick

sommerfeld 2y ago

It would depend on the swap volume ofc, but I imagine the price had to drop significantly.

Peter Todd 2y ago

Your anonymity set is better if you hold privacy coins for longer. You need other people after you to make transactions. Either in general for Zcash. Or including your coins in their rings in the case of Monero.

sommerfeld 2y ago

Thanks, I didn't know that, valid point!