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Imagine believing that an arbitrary fiat currency minted by a single central bank defines "value"

Either this person has lost the plot or they never knew it.

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Ancap Revolt 1y ago

Bro you are mentally retarded and autistic.

The dollar loses value, so the amount of dollars you can buy with other assets like gold, BTC, and real estate goes up over time. This is known as “inflation.”

The amount of dollars you can buy with 1 Monero has gone down over the last two years. This is because Monero is losing buying power.

Should we check the cost of the average house priced in XMR in 2022 compared to today, and compare that shift to Bitcoin? You need more Monero to buy a house today than you did in 2022, and you need less Bitcoin to buy a house today than in 2022.

Monero is losing buying power because it is a shitcoin. Bitcoin is gaining buying power because it is a sound currency and store of value.

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Discussion

Hanshan 1y ago

hopium.

Bitcoin is gaining buying power because fiat cantillionaires are speculating on it

You don't understand that the underlying unit of account is completely fucked and that accurate pricing is impossible in that scenario That's why housing bubble

That's why Bitcoin is bubbling

Only a moron would confuse that with actual accrual of value

Monero doesn't attract the same fiat speculation.

Which isn't a problem if you're interested in actual censorship resistant transactions and not Fiat denominated "wealth"

Ancap Revolt 1y ago

This is not the result of speculation. How can you blame the dollar for the failure of Monero?

Hanshan 1y ago

Another Fiat chart

how surprising 🙄

So more US dollars are chasing bitcoin faster than are chasing houses

I'm sure you're very happy that cantillionaires have decided that Bitcoin is more valuable than a house

more fiat for you!

wow

big deal /s

Ancap Revolt 1y ago

Dude you do not understand how markets work.

Hanshan 1y ago

You are understandably anxious to be done with this conversation 👋

Ancap Revolt 1y ago

Have fun with your shitcoin

mbl 1y ago

Inflation is the need of more money to buy the same goods & service over time, not an asset, which can goes up without inflation