The idea that the monero community should not HODL or use Monero as a store of value. I really have a hard time understanding.
1. The whole idea of deflation seems very constructed (by the FED's who have vested interest in printing money). Yes, if there is rampant deflation you may delay your unnecessary expenditures till later.
2. If xmr = USD 400 or USD 4000 really don't mean anything in relation to spending or affecting the underlying FIAT value of a produce.
3. I would much rather have the community and individuals to HODL up a high price, for nefarious actors or hostile market manipulators to take over. They will create volatility, pumps and dumps so the price setting your goods will be more problematic, not individuals with noncustodial wallets.
3. It hasn't become easier over time to obtain monero. I don't see that on-ramping in five years would make you look less suspicious than today. When enrolling normie's and newcomers, YOU may be their only realistic option to on-ramp with a cash payment.
4. I would rather have an excess of xmr and be able to help out friends of family that may be in need one day (It could be leaving the country or buying meds the doctor will not proscribe them, or just purchases or donations that could hurt them in their public or private affairs).
5. You get your salary in FIAT and they sit in a savings account inflating wildly. Isn't the goal of xmr not to be "digital cash"?
#xmr #monero
1. The whole idea of deflation seems very constructed (by the FED's who have vested interest in printing money). Yes, if there is rampant deflation you may delay your unnecessary expenditures till later.
2. If xmr = USD 400 or USD 4000 really don't mean anything in relation to spending or affecting the underlying FIAT value of a produce.
3. I would much rather have the community and individuals to HODL up a high price, for nefarious actors or hostile market manipulators to take over. They will create volatility, pumps and dumps so the price setting your goods will be more problematic, not individuals with noncustodial wallets.
3. It hasn't become easier over time to obtain monero. I don't see that on-ramping in five years would make you look less suspicious than today. When enrolling normie's and newcomers, YOU may be their only realistic option to on-ramp with a cash payment.
4. I would rather have an excess of xmr and be able to help out friends of family that may be in need one day (It could be leaving the country or buying meds the doctor will not proscribe them, or just purchases or donations that could hurt them in their public or private affairs).
5. You get your salary in FIAT and they sit in a savings account inflating wildly. Isn't the goal of xmr not to be "digital cash"?
#xmr #monero
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