this post was submitted on 03 Oct 2023
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[Outdated, please look at pinned post] Casual Conversation
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People don't like nuance. A lot of scammers, a lot of pump and dump schemes, a lot of unregulated market exploitation took place " on the blockchain ". That's what most people think about. So the PR is terrible.
For monero, which is trying to be digital cash, not an asset you hold, not a speculation, just a transactional currency. It's great. I advocate it to the people I associate with, and I use it for legitimate services all the time, VPNs, donations to nonprofits, domain registration, hosting, many things.
The main thing you have to focus on, is the utility, don't worry about the popularity contest online. If there is utility, and it's better than other options, people will use it. So you have to make sure the ecosystem is friendly, usable, and practical for people. Once that exists the rest will fall into place.
As a crypto noob, how does monero avoid being a speculative asset like all the other coins?
You could hold monero, and that's speculation, sure. But Monero is meant to be used. Have some, use some, don't hoard it hoping it goes up.
That way madness lay.