15
Youtube Video Monero mentioned: 'Centralized exchanges and governments don't like what they can't control.'
(monero.town)
From min 3:53 about Monero.
this post was submitted on 13 Oct 2024
15 points (80.0% liked)
Monero
1725 readers
17 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What's waht I have been writing on this forum for a long time. Unfortunately we can't fight against governments
You do not need to fight governments. You just need to make them irrelevant. As much as possible, reduce your government dependance footprint.
Good advice. I usually use DEXes for other crypto, and swap Monero on instant crypto exchanges, like Exolix. But in other spheres (cash, bank cards, payments, sellings) I anyway depend on the government like all people
Those of us who live in countries ruled by oppressive governments don't think about fight, they actually have the struggle on a daily basis.
The black or grey economy can be considered a form of guerilla warfare
Using Monero XMR as money has many advantages, it doesn't have to have anything to do with rebellion or revolt. Sellers who accept XMR get their digital money sent to their wallet immediately upon purchase and can use it. There is no bank in between, they don't have to count change and can use it themselves for purchases worldwide. It simply makes sense to use Monero, no matter what color the market is in your jurisdiction.
It's better to swap Monero on not centralized exchanges and be calm and happy 😅
A simple example: A Rastafarian from Indonesia buys cannabis products in the Netherlands and pays in Bitcoin. This is much more dangerous for him than paying for the purchase in Monero. Indonesian penalties are draconian. But most of us here would probably agree that the buyer should have nothing to fear.
Move the bulk of your wealth out of stock markets, IRA's, and 401k's and into precious metals like gold and silver. The state will always be evil, but a broke state is less evil. As entire societies move assets out of markets into physical precious metals, you contribute to the destruction of all fiat currencies globally. Think about it, if nobody accepted the USD, how long would the military industrial complex (MIC) last? Honest, gold and silver backed money provides a healthy constraint on the voracious appetite for making war by the MIC.
Monero may thrive as a primary store of wealth one day, but while the FINCEN machine is alive and well, it will remain under threat. Gold and silver do not suffer the same level of oppression from regulatory authorities, so it is a safer way to exit the fiat system presently with the bulk of your wealth.