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/biz/ - Business & Finance

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52522054 No.52522054 [Reply] [Original]

Monero is great but it's not hard money or an investment, it's just cash and I think it works well in that regard since it's fungible.

On the other hand, bitcoin is a store of value as it is the first thing we consider as digital scarcity. To date there is no scarcer thing than bitcoin. At the end of the day bitcoin is a revolutionary tool we have to fight the FED.

All this Tether and CEX crap has to collapse in order for bitcoin to go back to its original route which is to cut out middlemen jews.

>> No.52522374

>>52522054
>To date there is no scarcer thing than bitcoin.
how? you can just copy the source code and make it print 6 gorrilion bitcoin

>> No.52522712

>>52522374

but it would be compatible with anyone.
you would be able to use it you would be just creating another shitcoin

>> No.52522750

>>52522374
>copy
But isn't the real thing, would it be accepted by others? People trust bitcoin and that's all that matters. If you can bring all that trust to your 6 gorillion bitcoins that you print out of thin air good luck with that. In fact, that's how 99% of the shitcoins posted here were created.

>> No.52522778
File: 36 KB, 640x577, AF614632-09F3-451E-850A-E27456D98586.jpg [View same] [iqdb] [saucenao] [google]
52522778

Guess which one becomes scarce when the global elite cabal make it illegal to buy XMR on CEX’s and you need to pay gorillions to get your hands on one.

>> No.52522791

>>52522054
There is less monero than bitcoin.

>> No.52522907

>>52522054
>it's just cash
so what happens when there is no more cash?

>> No.52522919

>>52522778
It's a good take, assuming there is a huge demand from evil actors to get xmr (which I believe there is).

This is a bit off topic but the global elite will force their CBDC in with the CIA destabilizing the Latin American economy in which they have already funded several socialist leaders. This team of people belonging to the São Paulo forum seeks to create a single currency for the region, which once introduced will fail miserably and that is when the United States will use this as a pretext to test their digital currency.

Monero will be more of a key tool to be independent of what they intend to do (CBDCs), but as an investment it does not seem the most rational thing considering that it would be like having your wealth in cocaine just because it is illegal and hard to obtain.

>> No.52523194
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52523194

>>52522054
>Monero is great but it's not hard money or an investment, it's just cash and I think it works well in that regard since it's fungible.

lol maxipads are getting desperate now. Holding Monero = investing in Big Cocaine, comfiest hold.


>On the other hand, bitcoin is a store of value as it is the first thing we consider as digital scarcity. To date there is no scarcer thing than bitcoin. At the end of the day bitcoin is a revolutionary tool we have to fight the FED.

Nigga, what good is a "store of value" that exposes holders to fungibility attacks and coin seizure?

>> No.52523307

>>52523107

>> No.52523421

>>52522054
It's a utility, not a way to grow wealth like the midwits on /biz/ think

>> No.52523565

>>52523421
fair enough. But if a utility isn't a way to "grow wealth", then what is?
The price of the cryptocurrency is ultimately supported by:
#1: those who use the network and pay transaction fees.
#2: those who speculate to profit off of #1

If there is no one actually using the currency, then speculation will be unprofitable on average because of the overhead of the network (mining)

>> No.52523648

Beyond the fact that Monero is hard money and Bitcoin is not, even the value proposition for Bitcoin is shaky. Bitcoin is perpetually in competition with gold because their only real narrative is store of value, whereas Monero doesn't have any physical commodity that it has to compete with. If you want untraceable hacker drug dealer money, it's the only serious game in town.

>> No.52524856
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52524856

>>52522054
>My currency will store value without being a currency because.. well just because OK? IT IS NOT A BUBLE!

>> No.52525584

>>52524856
i don’t get these small block fags that think bitcoin was _meant_ to be a store of value. the whitepaper literally calls it digital cash.

>> No.52525649

>>52523565
>utility isn't a way to "grow wealth", then what is?
An outlet to move around money, not the next Tesla like people here think it'll just turn into

>> No.52526446

>>52522054
>mediums of exchange won't eventually become a store of value, BECAUSE

>> No.52528315
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52528315

I love that maxipads readily admit that Monero is a superior peer-to-peer electronic cash. It's already taken king shitcoins original use case and it won't be long until it takes the store of value narrative too.

>> No.52528332

>>52522054
>To date there is no scarcer thing than bitcoin.
Except triforce

>> No.52528590
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52528590

>>52522054
>To date there is no scarcer thing than bitcoin.
KEK.
Current Bitcoin amount in circulation is around 19 million coins.
Current Monero amount in circulation is around 18 million coins.

Every 10 minutes 6.25 BTC is added into the circulation.
Every 10 minutes 3 XMR is added into the circulation.

As you can see, Monero has lower amount of coins in circulation AND lower inflation of its coins, than it is for bitcoin.

So, tell me, how it is that "there is no scarcer thing than bitcoin." This is one falsehood in your logic.

>> No.52528648

>>52528590
* trocador.app

>> No.52529022

>>52523194
>Holding Monero = investing in Big Cocaine, comfiest hold.
This is not how it works. Drug dealers just take payment in Monero and promptly exchange it into USD or local currency. Drug buyers exchange their local currency into Monero only to buy drugs.
Nobody is holding XMR, everyone wants to be exposed to XMR price fluctuation as little as it is necessary to conduct transactions. XMR is just a conduit, a fancy mixer, not a currency that anyone wants to hold.

>> No.52529312
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52529312

>>52522054
jewish media is silent on monero i wonder why
it kinda screws with the bailout bucks usury racket
imagine ppl start using silver for physical transaction and monero for digital. usury racket won't be the same

>> No.52529409

>>52529312
>imagine ppl start using silver for physical transaction and monero for digital.
based.