Monero

Monetary property checklist

Property	Met
Medium of exchange	✅
Unit of account	✅
Portable	✅
Durable	✅
Divisible	✅
Fungible	✅
Relative scarcity	✅

Monero has all the properties of sound money making it a great contender for being a true money like gold and silver. It has a tail emission, similar to gold and silver, which means it's supply will increase over time but will act as a pressure release valve for demand- allowing for relatively stable prices. This mechanism is similar to the one that allows gold and silver to be relatively stable in price over time.

In a world of cryptocurrencies which favor surveillance over privacy, Monero does what it can to protect the user's privacy. It's a private-by-default cryptocurrency which means you can use it like digital cash and hold it anonymously like gold.

It's blockcahin is private, preventing anyone from tracking your transactions or even seeing your balance. This means you can use it like digital cash and hold it anonymously like gold.

Like silver, Monero is a slow growth asset. This means, since its inception, it's price hasn't gone up as much or as quickly as other cryptocurrencies. It has steadily increase in price over the years but those who hold it hold it for the same reason others hold gold and silver- because it's a sound money that protects their wealth.

Don't expect to get rich quick with Monero for the same reason you don't expect to get rich quick with gold and silver.

The question for potential investors is whether they're willing to hold it for the long term and let it grow with the value of the asset.

Monero isn't as liquid as other cryptocurrencies since it's not on many exchanges due to regulatory concerns. There are some exchanges, like Kraken, where you can easily buy and sell Monero but that comes as the cost of giving up your privacy. That said, you can transfer it out of the exchange and into your own wallet. Once it hits your wallet, it's yours and you can do with it as you please privately because it can't be tracked or traced by anyone.

There are no decentralized exchanges, yet, for Monero which means you're going to have to use a centralized exchange which won't ask for your personal information. Unfortunately, for this absolute powerhouse of a sound money, it's not easy to get your hands on... but absolutely worth the effort.

As with all cryptocurrencies, the future resilience of Monero is dependent on the network itself. If the network survives, Monero will survive.

Once you have it in your wallet, it's yours as long as you keep it safe. There are many resources available online to help you learn how to self-custody your Monero. Digital wallets are a dime-a-dozen and easy to set up.

When it comes to other cryptos, like bitcoin, there are too many wallets to choose from... but with Monero, there are only a few to choose from but are very high quality and highly user rated.

There are very few places where you can buy Monero with fiat currency. Often, users will buy a cryptocurrency like Tether (USDT) and then use that to buy Monero using a centralized exchange and then transfer it to their own wallet.

Ironically, for as hard as it is to get your hands on, it's actually very easy to spend on goods and services. Many businesses accept Monero as payment for goods and services and there are aggregators that help you find places to spend it. Our favorite is Monerica.

The people who use Monero are often the ones who value their privacy and sovereignty. They're the ones who are willing to put in the effort to get their hands on it and are the ones who are willing to spend it on goods and services. This means despite the institution's efforts to make it difficult to get your hands on, people believe in it enough to find ways to obtain it and spend it on goods and services.

Owning Monero, like gold and silver, is the ultimate form of wealth sovereignty. No middlemen, no gatekeepers, no government interference. You own it, you control it, you decide what to do with it. You can spend it, invest it, or hold it for the future. It's yours.

The challenge with Monero is finding it in the first place. But once you have it in your wallet, it's yours as long as you keep it safe. The risks are generally low.

Like metals, Monero is censorship resistant. No one can prevent you from spending or using it for goods and services. It's as easy to do as private digital cash for those that accept Monero as payment. And because it's a cryptocurrency, it settles on its own blockchain without the need for a central authority.