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.
shortwavesurfer@lemmy.zip 2 days ago
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.
prole@lemmy.blahaj.zone 2 days ago
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.
shortwavesurfer@lemmy.zip 2 days ago
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.
prole@lemmy.blahaj.zone 2 days ago
Ok.