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I thought Monero was going to grow in value in some kind of proportion to the term of Russian sanctions. The total Monero market cap is too small to make a den
by Nevermark 4y ago
I thought Monero was going to grow in value in some kind of proportion to the term of Russian sanctions.
The total Monero market cap is too small to make a dent in any nations attempt to get around sanctions, but that would mean even a "small" amount of Monero use would pump its cap. And as its cap went up, its ability to process larger transactions would go up.
[Added] A virtuous (villainous?) cycle!
I still think that is valid long term reasoning, but the crypto market has so many different forces on it, so many hidden dynamics, that it's still better modeled as a casino than tech.