Subnostr

Armstrong would argue that there are no store of values, just asset flows.

And asset flow on narratives (perceived gains or dangers).

The USD offshore market is 3x bigger than the gold market despite being underpinned by a failing currency. What does it tell you?

Rich people value privacy and free access higher than any store of value.

Monero combines (enforced) self-custody aka control, with a private asset class, digital cash spendable on and offline globally with store of value attributes currently on par with Bitxoin and two times better than gold.

Price suppressors made Monero the least risky investment with the biggest alpha.

I decide to store my wealty in Monero. You do you.

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Discussion

Nice points, except the fact that monero has an infinite supply, and bitcoin has a fixed supply. If you choose to store your long term wealth in a shitcoin (even a useful shitcoin like xmr) you will continually get owned in comparison to holding bitcoin, which is true money for the world.

Money cannot have inflation. It must be absolutely scarce, otherwise its "just a currency"

Yes, open supply allows for growth.

A glass can only spill what it contains.

Monero's tail emission is inflationary, but that's the whole point of it.

(Inflation isn't bad btw)

Inflation is keynesian trash.

It's not money

Xmr - It's an excellent privacy tool/currency

Keyensian modelling is the basis of the world. Governments exist. Governments need to bail out poor decision makers or people literally die.

It is the way it is because at a fundamental level, you have dumb people who do dumb things and require intervention.

I'm not saying it's a perfect model, but it's one that works best, least we go back to merchantilsm or try Austrian (see Argentina for results).

How do you decide between those who need (actual) intervention and those who don't?

Because the state assumes everybody needs intervention. How does nature solve the problem?

Is nature cruel?

The closer you are to a person that needs intervention (e .g. children) the better the intervention can potentially be (unfortunately it can also be worse).

In the end a free society would give back autonomy to those who they think need intervention offering a helping hand while distancing from abuse.

When 10's of thousands of jobs are on the line then everyone cries for stimulus checks and bailouts.

This is historically true. Government doesn't need to do it, they don't have to do it either. But people die if they don't.

If this were the case, people would have lost everything in 2008, and the motor companies would not exist today. In the USA alone that's millions of people.

It will happen again. This time more people will die. They will die because they lived in lalala land. They will die because they failed their families and the families failed them.

Shit hitting the fan will come your way and you better be prepared. No preparation is no excuse.

Not if government intervenes, but it's not easy and most likely will be a big one. BRICS is trying to decouple from the dollar because of this. Lying about the jobs numbers and then also forcing the fed has lost a lot of confidence in the dollar, which is what commodities are priced and traded in.

Keyensian economics is what we've come accustomed to because all countries have governments, at least if they are to be acknowledged (think about territories vs states)

The underlying problem is the dollar as the main reserve, and CB's are trying to rebalance their currency reserves, some including Bitcoin or other assets, even their own digital tokens.

At the end of the day, because it's all connected, governments will have to intervene, or millions will die or get into poverty. (I say millions will die because I'm from Africa and know how prudent the central bank needs to be with decision making)

Keynesian economics is a delusion and a fiat depravity that siphons wealth from the masses, true parasitics. The foundation of corruption, war, and government.

So then, name a better solution to the economics of the system?

ZambiaRoots 3mo ago

Maybe Keyensianism is divine judgement for not caring for the poor?

I could argue the opposite of that, given the number of bailouts of private businesses and government/central bank interventions.

By the way, not every central bank is like the US central bank, thank fuck for that. Unfortunately we're on the dollar system and its connected.

You don't understand the underpinning security assumptions that make Bitcoin sound that's why you don't know that this has been a lengthy discussion during Monero's creation and devs finally chose a conservative take on security over one that depends on things paying out exactly as envisioned (fee market). Now tell me how Bitcoin might react to a future Qubic situation?

You have another misconcepton. When I talk about my store of value I am talking about my money.

I will still do other investemnets and speculation that will flow back to Monero when I pull my position.

What you say is that Bitcoin will outperform all other assets for an infinite amount of time. I am not that naive. Even measured in failing fiat currency you see diminishing returns and for people entering now, BTC is nothing more than another tech indices.

You mean quantum threat?

Btc won't perform all assets, it is possible to outperform bitcoin. But XMR isn't going to do that, and 99.99% of stocks aren't going to do that, not long term, reliably. So you can spend your hours becoming an equities expert, who still fail to outperform bitcoin, pathetically, or you just become a humble stacker and go to work and spend time with your family.

Bitcoiner life is fucking lit.

Jordan S 3mo ago

Monero is more scarce than Bitcoin for about the next 15 years, and could be if coins lost outpace Monero's tail emission.

However, if you're after scarcity just use Yearn finance instead, it's only got 36,000 coins.

Nah bro sex token! Higher price and only one token! NGU

Wait till someone forks Bitcoin and makes it 20 million tokens hahaha SCARCITY!

I don't have to wait, bitcoin had already been forked.

IKR

Time for me to GN 😵 🫡

I don't do shit coins, unless its for exchanging for goods where btc is not accepted

Jordan S 3mo ago

I just use a swapping service like https://trocador.app/en/.

But cake wallet just came out with a feature where you can pay in one crypto, and pay someone else in another crypto.

Usually from my experience I've had to swap Monero into BTC, Dash, BCH, or some other coins like that usually.

In the ideal world businesses are multi-coin to enable everyone to pay with simplicity.

In the ideal world everyone just takes money, bitcoin