Because attention on price triggers the despair of commoners to get rich and will obfuscate/starve the interest and support for currencies that provide a monetary system uncontrollable by governments....
Don't you think monero would suffer the same fate were it to reach a trillion dollar in market cap one day? Not debating any of the properties of monero here, only human psychology: wouldn't a whole lot more people become interested in it specifically due to expectations that its price might keep going up?
Another way of putting it is: what's the market demand for sound money? Is it 5% of Bitcoin's market cap, while the rest of it is made of actors wanting the price to reach 1M per coin so they can immediately sell it for dollars and buy a nice car?
I'm not debating the properties of monero and bitcoin because I think monero does many things right and I have nothing against it, what I'm trying to understand is whether there are enough people in the world that get how fucked up the monetary system is. If the answer is no the problem is cultural first and technical later
Another way of putting it is: what's the market demand for sound money? Is it 5% of Bitcoin's market cap, while the rest of it is made of actors wanting the price to reach 1M per coin so they can immediately sell it for dollars and buy a nice car?
I'm not debating the properties of monero and bitcoin because I think monero does many things right and I have nothing against it, what I'm trying to understand is whether there are enough people in the world that get how fucked up the monetary system is. If the answer is no the problem is cultural first and technical later
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