Here’s Why "Don’t Buy Monero" Should Now Be Retired.
Anyone with even just a basic understanding of astrophysics knows that in order for a rocket to get to the moon it requires the passing of multiple stages: construction, ignition, liftoff and the dispensation of various different modules of the rocket before the final zero-gravitational stretch of just the moon-lander. (Or there abouts.)
The “Don’t Buy Monero” meme is one of those stages that has served us well as we continue our journey through the cosmos, but now has the potential to be a detriment and requires separation.
It was a wise-warning spawn out of responsible consideration for investors in an age where such investors might throw money at anything, with little consideration as to whether the technology was stable, secure, credible and of a moral foundation.
The basic understanding was: Look, this technology is experimental. You are not buying an iMac here. Anything, at any point in time could go seriously wrong and your “investment” would be genuinely at peril.
One only has to look at the recent CoinDash farce to appreciate how easily such calamities can arise, which is exactly the reason why Monero has consistently erred on the side of caution without the evangelical “Buy Me Buy Me” approach that typically tends to surround most projects in this space.
However, the counterpoint to this understanding is one of perceived confidence: “We don’t have the confidence in our project and neither should you so don’t invest.”
There is a point at which this projectable lack of confidence within a meme becomes detrimental to our long-term mission, particularly if combined with other memes that haven’t arisen from within, but elsewhere from nefarious actors, and wouldn’t be able to be detected as separate memes from the cursory glances of casual newcomers. (For example: “Don’t Buy Monero…. because MoneroLink” etc).
There is a point where we have to be able to say “Okay, we are now approaching a stage where we feel that the technological foundations of Monero are such that the usual common sense approaches to investing apply. We are confident that the Monero blockchain is reaching a stage where yes, you *can* trust this with your life as often cited as the example case-usage, and yes, in its capacity as a storage of wealth - a currency - it now has the supremacy over its competitors with a view for it being trusted as such.
I’m not necessarily advocating a complete U-turn and waving the “Buy Monero!” flag. But as the rocketship continues its mission and we can afford to make strategic dispensations with redundant novelty sound-bites, a progressive and intelligent rephrasing of our position could, and should, start to occur.
(In my opinion.)
Without being brash and turning into "Used Car Salesmen", I think we can state that "after being extremely cautious, we have confidence in the foundation that has been laid/built". Maybe not those exact words but that basic sentiment.
