Best Types of Monero Businesses (What Actually Makes Money)

Instant swap exchanges is number 1.
Do you think we'll see decentralized liquidity pool protocols servicing monero reliably in future (ie: thorchain)? Could this make other swaps obsolete? Or is this an impractical alternative?

@Nebuchadnezzar_II It's a great question and one that still isn't anwered. On one hand, these kinds of platforms have been hyped up for the last 4 years and have never delivered. And hacks of these protocols make them hardly the answer to everything. Even these DEXs all the hardcore privacy people pitch like RetroSwap have been hacked.

On the other hand, there is a lot of demand and hope for these things. But even if they did work, instant swaps would probably still exist and be a front end for a DEX.

It really doesn't seem like decentralized liquidity will take over and make instant swaps obsolete. The reality is all about chain analysis and AML. Wagyu tried to say they were such as DEX but they stopped trades once hackers tried to push a lot of funds through.

An actual DEX that worked, all the developers are in serious trouble day one. Even exchanges that will process high AML do so selectively or in different modes or for very high fees. So the risk model of taking every coin on a DEX is just not practical. People hyped up atomic swaps for a long time, they are atomic flops, hardly anyone uses them and they introduce so many problems like slow trades and low liquidity, software you need to run. A DEX is just unproven for Monero and this could be worse for privacy since there would be some kind of onchain link.

@monerica I've read the article. It's look like a service is more suited and profitable for Monero economy because you don't encounter logistic problem. With physical goods you need to take into account not only the price volatility but also how to get that goods to the customer securely. Unless you build the ecosystem from the ground up it's near impossible without an adapter like a giftcard. Even China still need dollar to trade with other country. The system has pierced its roots deep to everyone and nearly impossible to escape to. Unless you destroy it, like what Iran did by closing the Strait of Hormuz. Uhh I don't know if that a good news or bad news.

@sepia Right, a the reason people use Monero is privacy so the the whole in person or ship to address economy is illogical. Gift and prepaid cards and the only thing that works in practice.