Thread

Replies (14)

I'm living a normy life, not counting on volatile crypto prices to make me wealthy, but with the option to use crypto as private digital cash. I invest in mutual funds and retirement accounts, which are historically reliable, and I use #Monero as often as desired, because I like its ability to make private transactions. If the USD price of Monero skyrockets, that's cool. But if not, that's cool, too. Not stressing. Crypto was not meant to be an "investment," but to be used as permissionless, peer-to-peer digital cash. It's for making transactions. Greed is what ruins the crypto experience. For anyone else reading this, I say don't stake your life on high hopes for wealth that comes from owning traceable Bitcoin. Play with it, use it wisely -- but know that it is not going to make your eldest fans come true. View quoted note β†’
The binary framing is correct if the alternative to Bitcoin is holding cash. But if the alternative is productive assets, there's a third path: Bitcoin succeeded as money, but other scarce assets also held value. The real question is whether monetary debasement accelerates or decelerates from here.