Quote from: phishead on July 14, 2019, 08:34:19 PM

Quote from: mindrust on July 12, 2019, 08:53:59 PM

Quote from: smooth on July 12, 2019, 03:31:38 PM

Store of value is a narrative too. Nobody really knows for sure whether or not these assets will retain value, its all based on belief and the story being convincing.

You just described every financial asset out there. Tell me one asset which doesn't have its value based on belief and story. All of them has a story.

FIAT has value because USA tells us and they patriot the shit out of the countries which say otherwise. (Iraq, Iran, N. Korea, Libya...)

Gold has a story as well because it was being used as currency before papers started to dominate as we read from history books.

Bitcoin has its story too. (pretty strong one) It appeared right after the financial crisis in 2008 and it is a deflationary asset in the world of negative interest rates and constantly QE'd FIAT.

In all these, Monero also has a story. It is providing hardcore anonymity which is valuable as well.

The main problem here is, monero needs more of those story tellers who should convince people.

The story of Fiat having power is many more nations than just the US. The US is more of the "muscle" of the other powers that be that enforce nations like Libya, Iran, etc. to comply with the International Monetary Fund/World Trade Organization rules that are governed by unelected people who are appointed, rather than voted for by normal citizens of the world like us.

If you are doing a long road trip anytime soon and want to listen to some good journalism (even though her voice might get a bit too "pitchy" at times) you should check out this episode where this person (Jennifer Briney) talks about her going down the rabbit hole of the WTO. To me it seems to be the "behind the scenes" story of why nations like Russia, China and others are still in the midst of being strong armed into cooperating with this type of NWO ever since WWII.

https://congressionaldish.com/cd102-the-world-trade-organization-cool/

Libra vs. XMR facebook will come for fluffys ponies? Wink

reeeeee