It's weird people have the capability to self govern and be free from national centralization yet instead people still drool over dark age scenerios or collapse.
Bitcoin is dead af because it gets tied up in KYC centralization and day trading.
Monero and Dapps could be the future but there's a definite lack of spirit in this enslaved world and maybe society is just meant to be broken from the start.
Bitcoin is dead af because it gets tied up in KYC centralization and day trading.
And Monero doesn't eh ?
Monero and Dapps could be the future but there's a definite lack of spirit in this enslaved world and maybe society is just meant to be broken from the start.
Monero itself doesn't have any Dapps. No smart contracts, nothing.
1 Day Chart for XMR, so each candle represents a day. It cannot be used as money. Most cryptocurrencies cannot because they operate more like stocks do.
I get why you like Monero though. It's a privacy coin. Too volatile to use as a currency though.
If someone makes a stable coin that's private that'll be the day for XMR fans, but I doubt that'll happen.
a stablecoin totally defeats the purpose of privacy lol
You're very dumb.
a stablecoin totally defeats the purpose of privacy lol
You're very dumb.
Of course all you have is ad hominem.
There is no need for stablecoins and volatility is an empty platacade you use.
Don't come into my thread just to be negative and insulting.
"You're showing a common, fundamental misunderstanding of price and value.
A price is a ratio between two assets. The ratio reflects the current value of both assets on the open market, not just one.
What would you like to see Monero "stable" against? the US Dollar? the Venezuelan peso? the Euro? the Kenyan Shilling? Understand that those things only appear stable because everything is priced against them. They arent stable at all. When the price of gold goes up, is it gold going up or the value of the money used to price gold going down? Look at a chart of salt prices over the last 10 years and you'll see lots of fluctuation. Salt is probably the most stable comodity there is.
There really is no such thing as price stability. Not really. Not in any asset in an economy or market that isnt centrally controlled. And this never works because artificially controlling price decouples price from value, and you wind up with forcibly over or under valued assets and problems from that. Look at the black market vs official price of many national currencies for an example of how bad this can be. Or look at NuBits.
The volatility will decrease as these assets move from primarily speculative investments to long term investments or currencies. This is just a part of the price discovery process for the asset, it occurs with every new asset class.
Beyond that, things like pegging an asset to another make the pegged asset vulnerable to manipulation of another. Why would you want an asset pegged to something issued on bond by some guys in a room? Not to mention the decoupling of price and value above that can occur depending on the pegging mechanism.
So i guess my answer to your final question would be, this isn't a problem like you envision it, and only time will fix it." https://www.reddit.com/r/Monero/comments/a7wirz/volatility_of_monero/
a stablecoin totally defeats the purpose of privacy lol
You're very dumb.
Of course all you have is ad hominem.
There is no need for stablecoins and volatility is an empty platacade you use.
Don't come into my thread just to be negative and insulting.
No you're legit dumb.
From $2 to $470 to $25 to 500+ to it's current price, with a new price every minute of the day that is a highly volatile asset.
Monero sucks cause it has no defi capabilities. It's only good for under the radar shit. It's good for weasels.
You're an idiot when it comes to stable coins. Yes it's possible to make a private stable coin pegged to the USD.
Blockchain technology is decentralized, as are ERC20 tokens, TRC20 and a shit ton of other chains that are superior to Monero AND more energy efficient. Those other blockchains have stable coins too, which are great for crashing with. No such thing as less decentralized projects on decentralized blockchains.
XMR has no dapps, never will, and you never used it before.
"You're showing a common, fundamental misunderstanding of price and value.
A price is a ratio between two assets. The ratio reflects the current value of both assets on the open market, not just one.
What would you like to see Monero "stable" against? the US Dollar? the Venezuelan peso? the Euro? the Kenyan Shilling? Understand that those things only appear stable because everything is priced against them. They arent stable at all. When the price of gold goes up, is it gold going up or the value of the money used to price gold going down? Look at a chart of salt prices over the last 10 years and you'll see lots of fluctuation. Salt is probably the most stable comodity there is.
There really is no such thing as price stability. Not really. Not in any asset in an economy or market that isnt centrally controlled. And this never works because artificially controlling price decouples price from value, and you wind up with forcibly over or under valued assets and problems from that. Look at the black market vs official price of many national currencies for an example of how bad this can be. Or look at NuBits.
The volatility will decrease as these assets move from primarily speculative investments to long term investments or currencies. This is just a part of the price discovery process for the asset, it occurs with every new asset class.
Beyond that, things like pegging an asset to another make the pegged asset vulnerable to manipulation of another. Why would you want an asset pegged to something issued on bond by some guys in a room? Not to mention the decoupling of price and value above that can occur depending on the pegging mechanism.
So i guess my answer to your final question would be, this isn't a problem like you envision it, and only time will fix it." https://www.reddit.com/r/Monero/comments/a7wirz/volatility_of_monero/
That link is from 4 years ago and it's about Monero's volatility and how might it ever be solved, while you argue it's not volatile after I showed you a 9 year chart for it.
Keep dreaming.
Also while currency itself is volatile, it isn't "highly volatile".
Crypto isn't a good to use as money. You really don't know how much of it you'll have to spend in the evening.
As an investment, XMR will do a 5 to 6x. That ship already sailed. It won't make someone rich at this point.
What else do I see here...
18,147,820 circulating supply.... I'm not going to lie that excellent, but it isn't finite, plus it'll get destroyed by more advanced projects that ARE defi compatible.
Basic stuff.
