All objects on earth are a store of value.
Your friend may be right. But as long as he's mentally stable he can handle loss and it might even do him some good long term depending on how old he is right now.
Giffbro
joined 1 year ago
No blockchain size is not problem. 16 TB it is a problem.
Not interested in such a service but I encouraged to hear people want to see stability. I think the more businesses we get that operate frequently with XMR the more stability we will see.
TOR is perfect for IOT applications because it avoids DNS and censorship problems. IOT doesn't need very high bandwidth and its still worth a lot. Consider just the application of monitoring the fluid level in a tank remotely, mytanklevel.com owners are valued at billions of $USD and own a small part of the market. Where does monero fit in tho? Idk...
I think we need a monero based encyclapedia. Like a wiki fork where instead of a wikimedia foundation, a company being created to manage the software stack, lies a decentralized XMR network powered encyclopedia engine.
A better question is to ask how do we get a single farmer accepting and requesting monero usage.
The grocery store is a middle man that does little creation of value except occupying a location and marking up products to pay for electricity and labor, all of which must be paid in fiat by law.
Many farmers eek out a living off grid, and without any labor costs.
It's the value of the USD that is fluctuating not the value of XMR :)
My advice is if you get some XMR that you actually put it in your own wallet, with your own secret key phrase that you generated using an app like cake wallet. Don't fall for a naked short seller promising that they have crypto for you by showing you a number on a screen. If its not your keys you're falling for a scam.
People view centralization of mining power as a threat.
Do a sweep and see if it gets caught by the sweep detector they have built into one of those monero block explorers. Experiment with what those tools can detect. If I had a reason to be anonymous I would make sure I worked to understand how those free sweep detect tools work that charitable monero peeps have offered up to the public.