Anon in general is so overhyped, how many people is it truly going to be useful for anyway? People scared of their own shadows lol. As I've said before, its just a pump and dump tool to get investment flowing, hook line and sinker, moth to a flame... this is crypto trading. As a casual trader, I couldn't give two ****s about it tbh, if it makes the price go up for a profit then whoopty freaking do.
A certain segment of society wants to hide from the law and so wants anon. That group also has millions of dollars they want to move around anonymously. So which ever coin can provide that and is adopted by that group will become popular and thus will increase in price. In other words, the coin that delivers and gets adopted could very well dethrone bitcoin at some point and become the defacto standard.
See the thing is, how will they cash out those millions? I mean they will be just like the bag holders now in cloak, screwed. Think about it, as they convert their millions, someone else is cashing out their money they used to buy in. Say they need the cash, then what? a Million dollar dump? Think about it, there are so many better and easier ways to hide money anyway but I guess that's for another discussion.
If the government starts regulating, which they will do when it gets out of hand, all this is done.
They will get their money from machines like these, which are on their way... I hear the first will be opened at Frankfurt airport..
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http://cointelegraph.com/news/112182/bitcoinatm-to-crowdfund-a-two-way-altcoin-atm-network-in-europe - there probably are other too, who have the same business idea: two-way altcoin ATM's..
Probably this is small time business, aimed for small time "dealers". They sell their stuff through onemarket, supermarket, or whatever p2p trustless anon marketplace that first launches... then they will go to the atm and cash out... 10 000 euros at a time in order to avoid money laundering accusations.. (In europe you can carry approx 8000-10000 euros in cash on person without being sued for money laundering)
- I'm telling you, when these ATM's launch, we will have a new profession.."The altcoin mule", professional altcoin > FIAT > money traffickers...
- If one person flies to Frankfurt airport 10x a year, it will start to become suspicious, therefore one has to have a network of mules that spread the suspicion.
- I was just laughing with my friend, that these ATM's are going to be so popular, that they are out of money all the time.. they will need a 24/7 direct pipeline from the note printing press to the ATM!
To be honest, I don't know how the big players with a lot of "illegal" bitcoin will convert it to fiat..? I think they need "legitimate" fronts operating seemingly legally in the bitcoin space... hmm bitcoin/altcoin exchanges come to mind....or.... Probably find a rogue state who don't give a shit about international law, and endorse the bitcoin movement ..
Maybe you don't understand, but this anon movement is very important.. People want to keep their operations covered from the police, customs and other snoopers... they just want to do their business safe.
Whoever gives this opportunity will win big time.. big time...
