Comment on If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

• swelter_spark@reddthat.com ⁨1⁩ ⁨day⁩ ago

  Bitcoin seems to change value more dramatically than Monero, from everything I’ve seen. That works both ways, though.

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  • explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ 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

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    • 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.

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      • explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

        One of those fundamentals is a tightly scheduled supply. The tail emission is just to ensure mining security and is insignificant compared to XMR appreciation. That’s why the guy above saves gold and Monero.

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• 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.

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