Monero is already starting to bounce. But if you’re still licking your wounds, definitely check this out before you trade, https://simplifiedprivacy.com/loss/
I don’t think you know what features are needed for sound money. You might want to read about austrian economics to get a better understanding of this.
Austrian economists argue that a stable money supply promotes economic stability and allows for rational price signals. It proposes that for money to be stable it needs to be tied to one or more tangible commodities. So all current crypto should be avoided according to Austrian economics. Which makes me wonder, as an Austrian Econ fan, why are you here?
@AlwaysTheir @XmrLovingAncap I do not have a degree in Economics. I used to self-describe as an Austrian. I heard and read a lot about it.
However, I have had to note, ~3 years, we had:
a) stay-at-home + money printing
b) war in Europe + supply chain insanity
which led to
c) big inflation
… which Austrians all predicted would happen.
BUT WE ALSO HAD:
d) the inflation fall back to ~2%
e) the economy surge forward
At this point, “Austrians” need to explain why their theory fails so hard, Sry
The violence based fiat scam currencies are the best at devaluing, as the communist state and dirty central bankers steal value annually through massive inflation and continue to bloat, that’s why I’m here.
A currency that keeps increasing in value sounds great when you don’t know what you’re talking about.