this post was submitted on 28 Jan 2024
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Technology
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I like Monero. Not a shitcoin, used by people and its private.
Other than Monero, I don’t think other cryptocurrencies are usable. Even BTC, ETH. Wallets should be private. Bitcoin doesn’t protect you from government.
But it's good to own it, like they say: "Monero for spending, Bitcoin for saving"
Savings that goes up and down and up and down worse than the stock market.
Exactly, it's a speculative asset based on the greater fool theory
The same can be said about your goverment issued currency. People in venezuela holding fiat are instead the fools. You can argue that you are not in venezuela, but you do not get bitcoin when your countries become one but before. In many cases, you are even banned to exchange your goverment issued papers for bitcoin when that already happened. People live under different governments, bitcoin gives them the option to hedge against the risk they see.