this post was submitted on 10 Mar 2024
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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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Because virtually everything you buy is in USD and virtually everyone understands it's value. Whereas virtually no one understands the value of XMR before converting to USD.
Right, but if we don't begin to break away from pricing in fiat, then we will never end up breaking away from it. If somebody wants to convert the Monero to dollars, that's their responsibility.
Seems like more of a "down the road" problem.
Possibly. I view it like learning a new language. At first, you absolutely have to translate the new words back into your native language to understand them. But you cannot do that forever because otherwise, you will not speak fluently and you will be slow to interpret what people are saying and miss things. If you are constantly having to convert the Monero back to fiat in order to interpret it, that is not a good thing. As an example, if you were to offer me a hamburger for 0.1 Monero, I would tell you to fuck off. If you were to offer me a ribeye steak for 0.1 Monero, I would take you up on that offer.