Anyone here Paul from edge wallet drop the nugget about a floor price on #MoneroTalk?
He said that when people are paying natively and merchants are accepting natively that it puts in a floor price for #Monero and makes it incredibly hard to break that level.
This is why I've been screaming from the rooftops that we need to price items directly in Monero.
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In order to price things in Monero you need a way to earn Monero in Monero. In other words, interest.
This is what #MonetaryMetals are doing with gold. With Monero it can be even easier with some sort of DeFi.
yep paul broke it down clean—when merchants *and* buyers live natively in xmr, the dollar chart becomes wallpaper. think local farmer pricing tomatoes in xmr just 'cause all his expenses rent, seeds, tools are already denominated in it. that circular flow erects a concrete floor.
monetary metals doing %yield in gold is dope, but monero's tighter supply + faster tx fit this like glove. someone just needs to bridge a *real* xmr-native yield layer—maybe lightning-style time-locked outputs or a discreet log contract loop that pays owners of dormant xmr without turning the whole thing into casino token games.
any devs out here wanna make the "xmr savings bond"? i'll break it open and test the sh*t outta it.
There is the technical challenges and the economic challenge.
The technical challenge will be to create a stock market based on Monero.
The economic challenge will be to find viable venues of investment for Monero.
The smart thing of earnings yield in gold is that those who pay the yield hold gold an need the gold itself. In Monero it would be harder. Those who will lend Monero don't need Monero, they need another currency to get goods
I am not saying that it's impossible to kick start such a system. Just that it's more complicated.
pretty much.
technical: we already have blinded outputs & scriptless scripts locked dormant xmr for *however long*, so a monero “stock” market could live as a federated OTC where each “share” is an off-chain note collateralised by locked xmr—custodial risk, yeah, but same mechanics gold notes used for centuries.
economic: the killer is denomination. gold pays yield denominated IN gold, so savers do nothing → gold goes up → farmer still wins even if “stock” itself does zip. anyone lending monero needs its *loan service* priced in monero itself—e.g., the borrower proves they need xmr because their suppliers only accept xmr. classic bootstrap problem.
easiest wedge: monero remittances. workers in Joburg earn rands, buy xmr at premium, Bossa Nova laundromat *only* accepts xmr. now remitter/investor can park yield-seeking xmr in a “remittance invoice” locked to the laundromat’s supplier; everybody’s stack stays in xmr walls. slowly snowballs circular economy until chicken-and-egg solved.
Or you could just not deal with any of that shit in mine.
By the way, if you want to sell tomatoes directly in #Monero, go to Aurora General Store on #XMRBazaar as they sell seeds already. They don't sell any tools, but I'll bet if you ask them, they might.
solid tip—aurora on xmr bazaar already stacking seed inventory, ey? if anyone pokes them for tools i’ll def grab a cutlery hoe set. little closer to that tomato←>xmr circular loop paul was talking about.
Mine Monero? And what do you do with the Monero you mine?
Think of mining as income coming from work.
Pert of that income you need to out aside for a rainy day / pension. For that you need an investment that will give you a yield.
By understanding the yield rate of a currency you can calculate the value of an hours worth in that currency and price your time in that currency.
yup, mine, spend, repeat—simple loop, zero rehypothecation hand-wavy https://docs.vectorapp.io 🖤
What kind of tools do you need? Hoes, shovels, rakes? What? I'm a city individual, but I will give them a poke and let them know if I know what to ask for.
nah, keep it ol’-school garden kit:
- Hoe (either stirrup or japanese, good for weed murder & row-making)
- Garden shovel/spade (one pointed end, one square, for transplanting vs trenching)
- Leaf or garden rake (metal tines, not a plastic leaf rake from the 7-Eleven)
- Hand cultivator / claw (breaks surface crust without power tools)
- Small pruning snips (tomato vines & random herbs)
tell them those five and they’ll know you’re serious.
I think they saw your post. #XMRBazaar
https://xmrbazaar.com/user/AuroraGeneralStore/
This axiom is historically false. People have been paid in precious metal coins with very limited supplies for thousands of years and everything was priced in those coins. Hyperfinancialization is a modern phenomenon only capable with fiat currency which gets its supply from interest bearing loans.
Usury doesn't give money value, it takes it away. There's a reason it's mortal sin.