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Which is really unfortunate. If you avoid the most popular coins (Bitcoin, Ethereum, etc), you avoid most of the scams and speculation and end up with a decent currency that respects your privacy and has low fees.
cannon_annon88@lemmy.today 3 days ago
sugar_in_your_tea@sh.itjust.works 3 days ago
Monero is perhaps the best option imo. Here’s the official page about it, but basically:
- not profitable to mine, so most miners are enthusiasts who want the coin to succeed
- privacy-focused - basically creates a ton of fake transactions to mislead snoopers
- relatively popular - seems to be the most popular coin recommended by privacy enthusiasts (e.g. Mental Outlaw, he even gives a discount on his store for Monero)
- not popular among speculators - they mostly stick to the big ones (BTC and ETH), as well as new startup coins
- low cost transactions, fairly short transaction window
It’s far from ubiquitous, but it’s popular enough that if a place accepts any crypto, there’s a good chance they accept Monero as well.
Honytawk@feddit.nl 3 days ago
Is it really the best option when no business uses them?
sugar_in_your_tea@sh.itjust.works 2 days ago
Some do, which is a lot more than GNU Taler. I don’t know of another digital payment system that has more usage that isn’t dominated by a handful of companies.
Here are some examples of things you can buy today w/ Monero:
- gift cards
- Mullvad VPN
- Based.win - Mental Outlaw’s online store
- a handful of other places, and and some more
It’s far from ubiquitous, but it is being accepted today. If any of those places interest you, I recommend putting a small amount of money into Monero and trying it out.
pewgar_seemsimandroid@lemmy.blahaj.zone 3 days ago
monero?
sugar_in_your_tea@sh.itjust.works 3 days ago
Yup, Monero is probably the best option. I’ve heard good things about Z-cash, and Bitcoin can work on the lightning network.