this post was submitted on 15 Jul 2023
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Why is Monero hated by Bitcoiners (lemmy.ml)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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I'm new to Crypto-currency system and found Monero only logical way to move forward, if I would want investment I would go to SP500. Seems like for most bitcoiners it's an investment and not a way to buy-sell, it's not a currency for them, so what's point? It becomes ponzi/pyramid scheme that way. Also noticed that Monero is hated in that circles (hello Nostr). What's your opinion on the matter?

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[–] [email protected] 6 points 1 year ago

Like in 2010, Bitcoin was hated for being used to laundering money, same narrative is being attached to Monero. This is because the media and the elites in position donot want you to use Monero.

Besides that Monero is a strong competitor to the use case of Bitcoin. Bitcoiner really don't want their bags to be useless, what they don't understand is that they are powerless to influence the price of Bitcoin, and has been manipulated.