this post was submitted on 15 Jul 2023
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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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I'm new to Crypto-currency system and found Monero only logical way to move forward, if I would want investment I would go to SP500. Seems like for most bitcoiners it's an investment and not a way to buy-sell, it's not a currency for them, so what's point? It becomes ponzi/pyramid scheme that way. Also noticed that Monero is hated in that circles (hello Nostr). What's your opinion on the matter?

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[–] k4r4b3y@karapara.net 3 points 1 year ago

Bitmaxis know that Monero is a legitimate contender to what btc wishes it would be. Monero is a threat not only to their "bags", but also to their identities, their convictions, and their emotional investments. That fuels their resentment, and finds outward expression as the smear campaigns and belittlement from them.

But not to worry; you know how it goes: first they ignore you, then fight you...