this post was submitted on 26 Sep 2024
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Cryptocurrency exchange network accused of helping Russia hit with sanctions. (www.voanews.com)
submitted 3 weeks ago by 101@feddit.org to c/technology@lemmy.world
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[โ€“] jumjummy@lemmy.world 7 points 2 weeks ago (1 children)

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.

[โ€“] shortwavesurfer@lemmy.zip -2 points 2 weeks 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.