Monero is already starting to bounce. But if you’re still licking your wounds, definitely check this out before you trade, https://simplifiedprivacy.com/loss/
this post was submitted on 07 Feb 2024
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The proportional value of something in relation to your labor is not linked to currency
I could've paid you in xmr in the 70s and you'd still have been able to buy a house in 2.5 years
I can pay you in xmr in 2024 and you still won't be able to buy it in less than 6.6 for the same labor
And you're confusing the purpose of currency with the purpose of assets again
I've given you simple explanations why a deflationary currency is impractical
If you want something that holds value, you buy an asset. If you consider XMR to be an asset, sorry, but XMR's only job is to be a currency, and by being deflationary it does so poorly.
XMR only has value because you guys believe it does. When you all realize that XMR is impractical as a currency, the fact that it is not rooted in real world usages like gold is going to be a problem. You can stop believing gold has value anytime you want, it's still going to be used for its physical properties in microchips and other things.
I for one use a small amount of inflationary currency for my day-to-day shopping, which is the Euro, and it is not supposed to hold value, it is just supposed to be liquid, practical, and inflationary
I then keep the savings in deflationary assets with roots in the real world. Stocks. Real estate. Gold.
You can keep coping. Have fun staying poor.
It's spelled college.
Thanks for the lesson but I understand more about capital appreciation than you ever will, and that is without communist indoctrination.
The only problem is that the economic prosperity of the average person has been destroyed, as I already showed, under a system guided by the insane, out of touch with reality, economic theories.
Again, the average person holds on to money as an asset. That is why real sound money that has intrinsic value, such as gold and Monero is crucial. Monero's value is the utility it provides as currency.
I can easily circumvent the dirty banker's tricks and have done so with great success, I will run circles around you when it comes to wealth and finance. My concern is for all those who are unable to do the same and are being raped by the fiat scam under this nasty communist system.
Generating money out of thin air is a scam, no matter what communist economic theories propound.
I'm happy that you believe that despite all the mistakes you've done in those few posts
Enjoy the cringe looking at those again when you get older
Keep licking boots and making excuses for a deceasing standard of living for most people caused by your idiotic theories while the bankers laugh at you.
You will look back at your failed life and realize you were just a dupe all along who was indoctrinated into stupidity and paid for it.
@tusker @ezchili
I so much love these intelligent polemics. You guys please go on. Don't stop here. 😆
Frankly, I have to bring my input too. While I understand the need for inflation to stimulate economic growth, I can not understand the need for illegal inflation. During planned emergencies the establishments took advantage and created inflation of over 40% in South America and even 15% in the west (the "democratic" countries).
@tusker @ezchili
The regular 4% inflation clearly proved over time that is not beneficial. there is an alarming percentage of population which is homeless, and living in foreign houses on high rents.
Monero has a constant inflation of 1%. Actually less than that due to people that loose coins. I can not say if this is the sweetspot to both help economic growth and social prosperity. Only time can say this. NOT THE ECONOMISTS.
@tusker @ezchili
What I can definitely say is that real assets can be stolen/confiscated from you, therefore, it does not have stable value. Monero on the other side can not be subject to these events. Monero might not be perfect but is the best we have at the moment. Satoshi themselves agree with this.
There's no reason to not have decentralized anonymous currencies with inflation built in. But crypto is dominated by a demand for speculative assets, not currencies, if there was one it would get zero mainstream interest
Just use fiat and stocks
Monero does not have a constant inflation of 1%
It tends towards 0%, while total value in the economy grows and wallets get lost
0% would bring deflationary prices everywhere.
keep posting pal
You stupid moron, I posted the the chart to show that compensation has not kept up. Because if I did not you would have came back with "wages increase along with inflation"
Then the other chart shows how inflation has destroyed the purchasing power of mostly everyone. If inflation was not at criminal levels then the wage/productivity gap would not really be an issue because people would still be able to afford to purchase everything as before.
You must be some commie faggot.
Got a problem with gay people, moron?
Just commie fags.