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Joined 1 year ago
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Cake day: July 9th, 2023

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  • ezchili@iusearchlinux.fyitoMonero@monero.town3 Ways to Cope with XMR Losses
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    5 months ago

    The proportional value of something in relation to your labor is not linked to currency

    I could’ve paid you in xmr in the 70s and you’d still have been able to buy a house in 2.5 years

    I can pay you in xmr in 2024 and you still won’t be able to buy it in less than 6.6 for the same labor

    And you’re confusing the purpose of currency with the purpose of assets again

    I’ve given you simple explanations why a deflationary currency is impractical

    If you want something that holds value, you buy an asset. If you consider XMR to be an asset, sorry, but XMR’s only job is to be a currency, and by being deflationary it does so poorly.

    XMR only has value because you guys believe it does. When you all realize that XMR is impractical as a currency, the fact that it is not rooted in real world usages like gold is going to be a problem. You can stop believing gold has value anytime you want, it’s still going to be used for its physical properties in microchips and other things.

    I for one use a small amount of inflationary currency for my day-to-day shopping, which is the Euro, and it is not supposed to hold value, it is just supposed to be liquid, practical, and inflationary

    I then keep the savings in deflationary assets with roots in the real world. Stocks. Real estate. Gold.

    You can keep coping. Have fun staying poor.

    Collage economics is exactly why you are spewing idiotic stupidity

    It’s spelled college.



  • ezchili@iusearchlinux.fyitoMonero@monero.town3 Ways to Cope with XMR Losses
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    5 months ago

    Monero has an 18.4 million token cap you absolute buffoon, it is deflationary by design and therefore will never be viable as a currency

    https://sethforprivacy.com/posts/dispelling-monero-fud/#monero-has-an-infinite-supply

    The great theory of a capped inflation omits the fact that economical activity creates value over time.

    Your cult is worshipping the same idiocy that helped cause 3 great depressions.

    If it actually was a currency, you would never have an incentive to spend it. It’s always better to spend it tomorrow rather than today if you can afford it, because your cash holds value.

    Something that grows in value over time you don’t call it a currency you call it an asset

    If an asset’s only value is that people believe it has one, and it can be traded, you’re making beanie babies.

    Enjoy being poor.