Comment on Inside the Underground Site Where ‘Neural Networks’ Churn Out Fake IDs
shortwavesurfer@monero.town 7 months agoAnd I’m on the completely opposite end where the person I trust to have my best interest at heart is me. So I have crypto and manage it myself.
rottingleaf@lemmy.zip 7 months ago
Too bad it’s not actual money.
shortwavesurfer@monero.town 7 months ago
Money is what people say it is. And enough people see crypto as money to make it money. As an example, I have been buying my groceries with it for over a year now. And if it were not money, I would have starved.
rottingleaf@lemmy.zip 7 months ago
I agree that money is what people say money is, but if it’s too volatile, it may still be a good asset, but bad currency.
shortwavesurfer@monero.town 7 months ago
I use Monero, which moves about 15% from its one year simple moving average before reverting. And while that is quite a large move for somebody from the United States, for people from other countries that is not a very bad move, but I do see your point. I base my expenses off of the one-year moving average and save some for when the price is below that and I need to use a little extra.
TheBat@lemmy.world 7 months ago
Pay your taxes in crypto and then we’ll talk
aBundleOfFerrets@sh.itjust.works 7 months ago
I can’t pay my taxes with euros, doesn’t mean they aren’t money
shortwavesurfer@monero.town 7 months ago
That can’t be done since the government goons will only accept the fiat that they provide as taxes. So use crypto for everything else. And then each year convert just a little of it to the currency they want, which you find worthless to pay your “taxes” with. If somebody gave me the choice between Fiat and crypto for a thing that owed me, I would take the crypto immediately because it is worth the same no matter where I go.
deafboy@lemmy.world 7 months ago