>>60790964
>I think it’s funny people are cheering Bitcoin on just because it’s at all time high and we aren’t. It’s being bought by creditors because of financial nihilism. At least the fake US Dollar has a military projecting it. It’s backed by a military. Bitcoin is backed by its usefulness. Which is fucking nothing.
Yep. The closest BTC ever came to being a potentially legit investment was when hordes of normies were buying it to go shopping on Silk Road, you'd be getting cashed out by prospective spenders with no expectation of an ROI. As soon as that paradigm flipped and every buyer became an investor, the ponzi math kicked in. And so it remains.
>When push comes to shove and people need somewhere to flee, it literally has to be us.
Indeed. Monero gets clowned on as "the coin that does nothing because its actually used" but rest assured everybody with half a clue understands that being backed by actual economic activity makes XMR the only truly safe harbor in ALL of crypto.
But who the fuck is willing to exchange their precious XMR for a dying shitcoin during the Cryptopocalypse is another matter altogether lol
