Is Capital Flight into Monero Inevitable? W/ Cryptocomicon (MT 311) (monero.town)

submitted 6 months ago by monerotalk@monero.town to c/monero@monero.town

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Is Capital Flight into Monero Inevitable? W/ Cryptocomicon (MT 311)

TODAY'S 🎙SHOW: Douglas Tuman catches up with Cryptocomicon, a software developer who first appeared on Monero Talk in 2022.

The conversation revolves around Bitcoin and its scaling challenges, the emergence of Monero, and the impacts of these developments on the existing financial system. Hear about how Monero serves as a decentralized, private, and fungible alternative to traditional finance, facilitating peer-to-peer transactions without intermediaries.

They also explore the idea of capital flight into Monero as a means of wealth preservation amidst coming financial turmoil and government crackdowns.

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[-] shortwavesurfer@monero.town 3 points 6 months ago

Once things get bad enough, I do believe it is. The only question is when will it get bad enough?

[-] delirious_owl@discuss.online 3 points 6 months ago* (last edited 6 months ago)

There's a happy medium

If things get really bad (economic depression) then crypto is more valuable than fiat.

If things get really, really bad (world war, global resource shortage and internet blackouts) then physical money is king

If things get really, really, really bad (global thermonuclear war) then neither crypto nor fiat has value

[-] shortwavesurfer@monero.town 3 points 6 months ago

Yeah, those last two scenarios I'd much rather avoid if possible. Like the first one is bad enough, but number three is just ungodly terrible to even contemplate.