Oddbean new post about | logout
 " VC money and Fiat degens pump my bags more than yours. everybody point and laugh"

feature
not a bug homie 
 It's not really a feature.

Sure, fiat gains aren't the point, and too many people act like they are. But you want your asset to outpace the devaluation of the dollar, and as an early adopter that is taking significant risk with capital, you want to benefit from later inflows as people see what you saw early. 

I do think people will see what we see in Monero as time goes on, and I'm glad that it's slow and steady because it keeps these fiat gains maxis at bay, but you absolutely want price discovery, and if what we have is as good as we say it is, that should happen over time and the indicator of that is dollars become worth less than XMR. 
 Fair enough, I totally agree with that.

of course, Cantillionaire degens aping into your favorite commodity Isn't an actual indicator of value.

I suppose theres a sweet spot where organic adoption happens.
but I'm not convinced that has to outpace USD inflation.
and certainly not BTC speculation.