this post was submitted on 16 Nov 2025
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Monero is going up though!
Down 3.5% today. Monero is arguably the only good crypto coin though since it can be made totally anonymous.
Still find crypto people annoying though when they're like "I just paid for my lunch, my car mechanic, and a new stereo with my monero today" like yeah cool you frickin nerd, every serious business around me would laugh at you for even asking.
Yea, even if that were true, no one along the entire chain of debts is paying in Monero, workers get paid in $, they can't be paid in Monero since they have no obligation to accept it, and they have debts to pay in $ (or whatever their currency is).
And I do not think most traders (in real goods/services) themselves like holding Monero (or any non-stablecoin) for long because of exchange rate risk.
It's still up compared to days and weeks ago, even if it has dropped a fair amount today. When I posted that it was going up, it had been going up a bit, but crypto is relatively volatile.
And yeah, Monero is only good for a few things. People can accept donations without getting doxxed and people can purchase dubiously legal things. HRT is a good example, if you don't want someone (like the government, or your bank) to know about it, you can use Monero to stay unknown. I buy HRT stuff with crypto. There's also a number of places where you can buy normal things, like Mental Outlaw's merch store based.win (paying with Monero gets you a big discount, even), but that's not Monero's thing reallyl
And yeah, most businesses wouldn't really care about Monero at all, most trade is completely mundane and it doesn't particularly matter if it's anonymous. However, a lot of serious businesses are really into cryptocurrency, since they can make loads of money basically scamming people. Especially now, since Trump has been pretty explicit in pardoning and refusing to prosecute a bunch of cryptocurrency scammers. Trump is doing stuff with crypto, so all the tech company CEO's that are trying to be his buddy are diving into it. But when businesses are into crypto, it's generally a gamble and a store of value to them, they don't treat it like a currency at all.
I get the impression that a significant amount of crypto is held as a hedge against the collapse of the USD, so the people who won capitalism can stay wealthy after capitalism fails completely and is replaced.
Cryptocurrency isn't a monolith, so while corporate holdings of Bitcoin might be a hedge against USD, a lot of other crypto trading is speculative, essentially criminal, and at the very least unethical.
Yeah, I didn't mean to imply institutional buy-in gives the crypto market and industry more legitimacy. It's just something that's been on my mind this year with the way crypto has become an openly discussed plaything for the richest people on the planet. I vacillate between weighing the "outlast america" motive and the "techlords resent financelords for the power they traditionally monopolise" motive as the primary driver of stupid shit like the "Bitcoin Sovereign Wealth Fund" idea.
I'd be keen to hear you elaborate on this if you feel like it.
When I get some free time I can write more of my thoughts, but for now you can just check out Coffeezilla and Voidzilla.
Ixnay with the "totally". Chainalysis had monero tracking tools years ago. Seriously doubt they got worse at it.
Only good crypto, only one worth keeping on hand. If there is a big dip in crypto I'll be buying more
Absolutely, I love Monero and I have a fair (not huge) amount in XMR right now. I've used it to buy HRT and other stuff.