mister_monster on Nostr: It's not really a feature. Sure, fiat gains aren't the point, and too many people act ...
It's not really a feature.
Sure, fiat gains aren't the point, and too many people act like they are. But you want your asset to outpace the devaluation of the dollar, and as an early adopter that is taking significant risk with capital, you want to benefit from later inflows as people see what you saw early.
I do think people will see what we see in Monero as time goes on, and I'm glad that it's slow and steady because it keeps these fiat gains maxis at bay, but you absolutely want price discovery, and if what we have is as good as we say it is, that should happen over time and the indicator of that is dollars become worth less than XMR.
Sure, fiat gains aren't the point, and too many people act like they are. But you want your asset to outpace the devaluation of the dollar, and as an early adopter that is taking significant risk with capital, you want to benefit from later inflows as people see what you saw early.
I do think people will see what we see in Monero as time goes on, and I'm glad that it's slow and steady because it keeps these fiat gains maxis at bay, but you absolutely want price discovery, and if what we have is as good as we say it is, that should happen over time and the indicator of that is dollars become worth less than XMR.