this post was submitted on 17 Jan 2024
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I mined my first btc in Jan, 2009 (yeah I'm an old fuck, which is not the same as an old fag, BTW) and abandoned ship 6 month later, when btc became exchangable. If a limited # of btc can be bought with an unlimited # of fiat, who has the power? ... you know we lost when Blackrock files for paper-XMR :) and sells it with 10x leverage...

True, fiat has the power to overwhelm less flexibel systems, lets call it monetary war. In this respect XMR tail emission is a defense. And delisting is a blessing... maayybeee, it will slow down things. Who cares

For those panicky but alive mine some WOW on your phone for fun and profit :) or get involved in your local community meanwhile or contribute to haveno and basicswapdex.

Actually we need challenges to grow. How about running a MWEB-LTC node with IPFS frontend, with atomic swaps to XMR? If I can write the scripts you can do it probably, too. Or, go figure how to block btc noobs bootstrapping over i2p.

Liquidity is much more important for speculative order book based gambling than for the exchange of real goods and services. Guess why XMR has a low volatility despite artfully cook'd up news? Monerorers have much more sneedle in the woods than heads in their ass, that's why.

/END RANT/

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[โ€“] blake@monero.town 1 points 9 months ago (1 children)

I mined my first btc in Jan, 2009

doubt intensifies

[โ€“] hfondmanager@monero.town 1 points 9 months ago

any other problems?