• jumjummy@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 day ago

    Found the cryptobro. Neither of your statements are true. Crypto is absolutely a pyramid scheme, and if you took out the quick ability to convert to USD or other fiat currency, it would collapse.

    • shortwavesurfer@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      1 day ago

      Not totally. monero is building a circular economy of people who price items in Monero, and buy/sell in Monero. Some of us desire to flip fiat the bird and do the best we can to live on Monero only. It works too. As an example i have bought groceries with monero for over a year and a half.