this post was submitted on 07 Feb 2024
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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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Monero, XMR, crypto, cryptocurrency

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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/

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[–] [email protected] 3 points 9 months ago (1 children)

@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.

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

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