I hold crypto. Used to hold a lot more. Was deep in it about a decade ago. The thing crypto bros who evangelize it like it’s some sort of savior never seem to realize is the metric of monetary velocity. Without monetary velocity, your precious coin is dead to the world at large. Even total shitcoins like USD maintain value simply due to their velocity.

Monero is wonderful as a technical achievement. It’s also far too cumbersome & complicated for your local farmer to ever understand & adopt, so it’s completely useless as a real currency for anything other than buying drugs or perhaps paying a coyote to get you out of whatever country you’re in. But here’s the thing- gold still does that last part better.

If you want an out from fiat debt notes, stack precious metals and resources for barter (and lead to protect them). Humans have been using those for millennia and understand those methods for value transaction on a cellular level.

Back when I was a crypto evangelist, I legitimately believed we were living in a post “boomer rock” world, but we never will be.

Edit: corrected autocorrect

I hold crypto. Used to hold a lot more. Was deep in it about a decade ago. The thing crypto bros who evangelize it like it’s some sort of savior never seem to realize is the metric of monetary velocity. Without monetary velocity, your precious coin is dead to the world at large. Even total shitcoins like USD maintain value simply due to their velocity.

Monero is wonderful as a technical achievement. It’s also far too cumbersome & complicated for your local farmer to ever understand & adopt, so it’s completely useless as a real currency for anything other then buying drugs or perhaps paying a coyote to get you out of whatever country you’re in. But here’s the thing- gold still does that last part better.

If you want an out from fiat debt notes, stack precious metals and resources for barter (and lead to protect them). Humans have been using those for millennia and understand those methods for value transaction on a cellular level.

Back when I was a crypto evangelist, I legitimately believed we were living in a post “boomer rock” world, but we never will be.