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ID: FqnCU+xy/biz/60659729#60668147
7/21/2025, 6:06:54 PM
>>60667091
>a Swiss bank account is around $500k. Monero immediately kills that market by providing complete privacy with no minimum deposit or bullshit paperwork to fill out.
No, it doesn't. A tradfi Swiss bank account is a TRADFI Swiss bank account. Yeah, it lacks the anonymity of XMR but it is fully integrated into the formal economy, which contains virtually all of the goods & services your average normie will ever want or need. Spending is seamless and easy.
Conversely, XMR has anonymity but is unfortunately shut out of that formal economy (not fully yet but we're headed there). And what is your average normie likely going to do with an XMR savings account? He's eventually going to want to convert it back into fiat so he can go shopping in primarily the formal economy. But now there's no more CEXs accepting Monero, its been universally delisted! Now your average normie has to jump through myriad pain-in-the-ass hoops in the hopes of somehow getting their wealth out and ending up with spendable fiat. So why even bother with XMR in the first place?! SoV? Its not like there aren't already a shitload of tradfi SoV options already available, all seamlessly integrated with the formal economy.
Which is why shilling XMR as a Swiss bank account/SoV specifically to normies is kinda myopic, at least for as long as the formal economy mogs the counter-economy.
But shilling the counter-economy to normies is much more straightforward: do the same amount of work, earn more. Buy the same item, pay less.
In other words, it is infinitely easier to entice normies to regularly buy smaller amounts of XMR and go shopping for contraband/cheapies than it is to convince normies to buy and HODL larger amounts of XMR as a saving/SoV vehicle.
>SAEV wealth in Monero
Again, there's no plausible reason for normies to be stashing their life savings in XMR since converting it back to fiat will become evermore difficult in future as Monero is upgraded to Enemy of the State status.
>a Swiss bank account is around $500k. Monero immediately kills that market by providing complete privacy with no minimum deposit or bullshit paperwork to fill out.
No, it doesn't. A tradfi Swiss bank account is a TRADFI Swiss bank account. Yeah, it lacks the anonymity of XMR but it is fully integrated into the formal economy, which contains virtually all of the goods & services your average normie will ever want or need. Spending is seamless and easy.
Conversely, XMR has anonymity but is unfortunately shut out of that formal economy (not fully yet but we're headed there). And what is your average normie likely going to do with an XMR savings account? He's eventually going to want to convert it back into fiat so he can go shopping in primarily the formal economy. But now there's no more CEXs accepting Monero, its been universally delisted! Now your average normie has to jump through myriad pain-in-the-ass hoops in the hopes of somehow getting their wealth out and ending up with spendable fiat. So why even bother with XMR in the first place?! SoV? Its not like there aren't already a shitload of tradfi SoV options already available, all seamlessly integrated with the formal economy.
Which is why shilling XMR as a Swiss bank account/SoV specifically to normies is kinda myopic, at least for as long as the formal economy mogs the counter-economy.
But shilling the counter-economy to normies is much more straightforward: do the same amount of work, earn more. Buy the same item, pay less.
In other words, it is infinitely easier to entice normies to regularly buy smaller amounts of XMR and go shopping for contraband/cheapies than it is to convince normies to buy and HODL larger amounts of XMR as a saving/SoV vehicle.
>SAEV wealth in Monero
Again, there's no plausible reason for normies to be stashing their life savings in XMR since converting it back to fiat will become evermore difficult in future as Monero is upgraded to Enemy of the State status.
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