shortwavesurfer@lemmy.zip 2 days ago
Considering I’ve lost all faith in fiat currencies, including the US dollar, I no longer measure my net worth in it, this would be quite good for my gold and monero holdings. Because those are stable assets, not controlled by the whims of any central bank or government.
I hesitate to use Monero as an investment, or for long-term storage.
Because of its nature, lots of powerful people (if they were aware of it) would be terrified of it and do everything they can to kill it, including legislation. I just don’t trust governments to not tank it if it ever became popular enough.
Which is why I hold it as a long-term store value. The harder they regulate it, the more the strizend effect happens.
I want them to be fucking terrified. I want them to wake up at night in cold sweats screaming their fucking heads off because that’s how afraid they are. I want them to have stress-induced heart attacks caused by Monero.
Yeah, I mean… Good luck with that I guess.
What really happens when they start arresting people when they find out they have Monero, is a chilling effect and a price crash.
Then they have to take all those people to court one by one, which wastes their own funds. And as they lose, because those are just regular people, then other people will start asking what the hell they’re doing.
explodicle@sh.itjust.works 2 days ago
Unless there’s a bug in Monero that nobody has discovered yet, which would explain why it keeps losing value relative to bitcoin.
swelter_spark@reddthat.com 2 days ago
Bitcoin seems to change value more dramatically than Monero, from everything I’ve seen. That works both ways, though.
explodicle@sh.itjust.works 2 days ago
That is weird. It should have gone up a lot since 2018 because of the smaller market cap and excellent fundamentals.
I can’t even argue with you. It’s practically a stablecoin by crypto standards. Image
swelter_spark@reddthat.com 1 day ago
My understanding is that is was deliberately designed that way because it was intended to be used as a medium of exchange and not a vehicle for investment.
shortwavesurfer@lemmy.zip 2 days ago
While that is a possibility, there are a lot of incredibly intelligent people who do their absolute best to make sure that that does not happen.
And just like Bitcoin, upgrades are only deployed after they have been thoroughly vetted and torture tested to hell.