this post was submitted on 20 Jul 2024
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Privacy
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No, that is not correct. Global outage shows the dangers of centralized systems would be a better headline. Monero Worked all day throughout the entire outage with no problems.
Monero isn't bad but I don't think it is great for easily buying things. At the end of the day trying to use two different currencies is hard. Also Monero gets a bad name because it is used primarily for illegal transactions. It is simply two complex and has no accountability
The fact that it's used for crime means that it actually does what it's supposed to do and keeping people private. Shoes are also used by bank robbers and we don't ban shoes. Monero is a tool the same as a hammer or a shoe or a car or a gun.
Define "worked" in this context. You mean their own infrastructure didn't crash? You certainly didn't pop down to the store and buying anything useful with Monero 😂
Not that day I didn't, but I have bought Domino's several times this month, and I bought my groceries at the beginning of the month.
So do you use some kind of payment app that does a conversion or do you have to manually convert from Monero to fiat currency?
Most retailers don't accept crypto at the point of purchase so I'm curious as to how this would be convenient enough to use regularly.
There are businesses that specifically sell gift cards to retailers for Monero and when possible I search out and purchase from retailers who accept Monero. Https://monerica.com and https://xmrbazaar.com help with that.
My point was more that using Monero as an example is probably not the best way to cryptobrah an illustrative point.
Because you can't just go and buy real world goods at will as with cash. If there's ever a Carrington Event, your Monero is worthless in an emergency.
Lol. How is your crypto gonna work without global peers and internet, friend?