why is it mooning?
Why is it mooning?
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Montero is correlated positively with collective erosion of trust in governments
People taking their money out of the country before the next, last election.
pajeets cashing out their pump and dump food core yield scams
Cash is going away.
Digital cash (monero) is replacing it.
Also this
unknown reasons
>ATH
>Mooning
Pick one
>Circulating Supply
>17,739,009 / ∞
>doesn’t understand nominal inflation or asymptotic curves
>ngmi
What? Infinite supply? What a shitcoin!
I can’t wait until the day BTC maxis are BTFO’d by XRP replacing BTC as a reserve currency and XMR replacing BTC as digital cash. I hold both, and I’m very comfy rn.
The bull market decreased the frequency of rugpulls, so the jeets are converting their money to XMR to avoid investigations. This pumps the price of XMR, as they made a lot of money out of idiots.
wouldnt xmr be the reserve and xrp the cash? uhmm
BTC to xmr atomic swaps. Will make monero the layer 2 privacy solution for BTC. Huge accomplishment
No, XRP is targeting remittances and institutional transfers. It’s a completely different use case. Its supply cap and centralization are why it will become the reserve asset.
I could see a Trinity of currencies: XRP for institutions due to centralized supply cap, BTC as off-ramp due to decentralized supply cap. Both lacking in fungibility and privacy makes them poor for every day use. XMR fills that role due to its privacy and fungibility
Anyone have any tips on buying this in Australia? The government here has stopped exchanges from selling it to people
Metcalfes law and in case you havent noticed, its one of the only coins other then ETH that has an actual usecase and is the OG crypto vision you dumb motherfucker!
Beacause it's the best cryptocurrency
Atomic swaps coming soon
What do ya'll think of haven? Wouldn't anonymous stable coins be enormous?
what about tx costs
>buy/have Bitcoin
>use ChangeNOW or Morphtoken
>voila
otherwise use localmonero (use the cardless cash option if you want to be completely traceless)
You can use the bisq dex to trade btc, cake wallet has btc x monero swaps using morph token i think
Scammer / Whale push to get out of all their scams and ready for the last damp.
Don't fall for their jew tricks. Wait for Bonded.
bonded.finance
The inflation is miniscule , and is percent based so it will shrink over time
Nvm it goes down to 0.6 block reward and caps . My mistake
cause i've been trying to get a node working and buy for days now but it wants to fuck me so its mooning up my ass before i get a chance to lube.
that's still too much, and the more it moons the less useful it is as a payment system
kek
CBDC (Central Bank Digital Currencies) are coming. Cash will be abolished. All transactions will be monitored and all balances will be under the mercy of the state.
General reminder to the newbies
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This is not a speculation btw. Check the recent statements of the ECB and IMF. Also google DCEP (China's digital currency), they have been running trials in some cities.
Monero is the only way out.