Thread
Monero community be like:
While Bitcoin is for traders, XMR is stable peer-to-peer digital cash.
5 minutes later,
FUCK YOUR STORE. I AM NOT SPENDING! WE'RE UP 25% IN THE LAST 5 MINUTES. IF I HOLD ON FOR ANOTHER WEEK, I CAN PAY OFF MY CREDIT CARD DEBT.
Replies (5)
I hate this, because it makes it hard to use Monero as peer-to-peer digital cash, which is what truly matters. Fuck all these moonboys, and may they burn in hell.
it's worth noting that the price floor has risen. but that's about it.
This event is the third time in more than a decade. Price increases are OK to raise value and attention.
This is also needed, to break through the current difficulty to acquire Monero nowadays with all the restrictions imposed silently since last year.
yeah - I go all caps for 25% of $1 too . Credit card debt? Retards
This is all crypto in general and a core weakness with the entire system. If any crypto can +20, 30, 50+% overnight there's a ton of friction added to the system which makes fiat the 'easy spend, easy refill' option. Lots of people in this space, also seen in previous metals, is the 'stack and hold' mentality that prevents any real parallel economy from forming. In short, to many in the crypto space, those actually spending crypto - especially when it could rocket at any moment - are basically rubes and no one wants to be the 10,000 BTC pizza guy 2.0.
