this post was submitted on 12 Jun 2024
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Technology
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Bitcoin doesn't move like the stock market. There's no hedge funds to call to naked short a nonexistent Bitcoin Inc in to the dirt. This means nothing.
That said I'd live bitcoin to go to a penny. I'd buy and hodl. I'd buy and hodl hard.
That said, fuck Trump. But not literally because his lineage should be pruned.
Monero is what Bitcoiners thought they bought. It's completely fungible and private just as cash is supposed to be.
Monero is great. Only crypto currency I actually use. Transactions are also waaay cheaper and faster than with Bitcoin.
It's really the only one worth using.
It's also the one being targeted by governments, who are trying harder and harder to track consumer spending.
Even if you don't like crypto generally, consider using Monero as a middle finger to governments. Don't hold any long term, just make a few purchases here and there.
I think it's worth using long-term. If they are targeting it so hard, that must mean that it actually works. Because otherwise, why would they be going after it so damn hard?
Exactly. I don't think they can track transactions, so the next best thing is to make it illegal. If more people use it for regular transactions, it's even harder for them to ban.
Problem is, is that they can't even really truly make it illegal. As long as any cryptocurrency is legal, no matter what it is, you can always buy Monero, either with it or by exchanging it for Bitcoin or Litecoin and then exchanging that for Monero. Also, the decentralized exchange, Haveno launched a month ago today and there is no way to shut it down. It's a peer to peer decentralized exchange all done over the tor network. Good luck without killing the internet entirely.
Yup, but they can make it really inconvenient, to the point where law-abiding citizens will likely just give up.
I haven't and don't intend to buy anything illegal, I just don't want the government tracking everything I buy. But there are limits to what I'll put up with, so hopefully enough people like me will transact in Monero so the government locking things down will tick off enough people to discourage them from doing so.
Yep, and the best way to get that to occur is to help show people why they should be transacting with it. Take businesses, for example. Normal credit card transaction fees are 3%. Normal Monero transactions are 1 US penny. If you get a transaction that is 3 cents US, that's an expensive transaction.
Yup, and some online stores give a 5-10% discount for using Monero.