Asklemmy

44672 readers

1492 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

Is there a way to make a currency like Bitcoin credible as a store of value or means of payment, without impinging on the privacy of the currency creators or holders? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

31 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 3 years ago (4 children)

People saying "Monero" - How is Monero a store of value if its price is volatile? The whole "Store of value" argument is nonsense

[–] [email protected] 2 points 3 years ago

How is Monero a store of value if its price is volatile?

How is Fiat money a store of value if its price is volatile?

[–] [email protected] 1 points 3 years ago

I don't worry about the DXY when transacting in dollars. The exchange-value isn't what I'm after. I'm after the hardest, best money.

[–] [email protected] 0 points 3 years ago

All currencies are volatile. Your dollar or euro today does not have the same value it had yesterday, or will have tomorrow. Currencies are merely commodities that have no utility in their own right beyond their fungibility.

Often, your dollar or your euro fluctuates in value due to any number of manipulations that various actors (both government and private) perform. Monero should be more resistant to that.

[–] [email protected] -1 points 3 years ago (1 children)

In fact it isn't only nonsense it is actively harmful.

There is a long paper trail of monetary theory that only because money is a "superior" trade good compared to anything else, the horrible excesses of capitalism could develop in they way they did.

[–] [email protected] 1 points 2 years ago

Edit: I have the feeling people fail to understand this comment ;)

Maybe attempt to expand upon it then. So that more people might come to understand it.