Comment on Privacy services and non privacy payments options
Showroom7561@lemmy.ca 1 month agoAfter you install a wallet, you need to get some Monero. There are multiple ways to acquire some coins to spend, like mining or working in exchange for Monero, but the easiest way is to use an exchange and convert your fiat money into XMR. Many exchanges, centralized and decentralized, list Monero (XMR).
This sounds crazy complex for most people.
Cash -> Prepaid credit card (all still real money) is best, with the caveat that it may not be accepted everywhere. But then again, Monero is hardly accepted anywhere.
dukethorion@lemmy.world 1 month ago
No more complex than opening a bank account, and finding a way to get cash to put in it, whether that’s getting a job, prostitution, selling things, etc.
It sounds complex, but so is becoming a millionaire.
Showroom7561@lemmy.ca 1 month ago
I don’t want to keep arguing, but I disagree. Even the most simple person in the world can open a bank account and put money in it. “Tap to pay” and e-transfers are as easy as they get, and cash withdrawal is something that anyone can do anywhere in the world.
Talking about “fiat money” and “XMR” and “coins”, isolates like 99% of the population.
Someone working at McDonalds can easily get paid and withdraw that money to use in a real store they can walk into. How does one even attempt any of that with Monero? Can you pay your mortgage or electrical bill with Monero? What about paying someone to fix drywall?
Monero may be a fine option for some, but it’s nowhere close to being a mainstream option for ordinary people.
dukethorion@lemmy.world 1 month ago
You’re right, there is no argument. You merely stated that crypto wasn’t private and I showed where that statement doesn’t have to be accurate.
Showroom7561@lemmy.ca 1 month ago
Fair enough. I don’t know much about how money is added into Monero to say whether it can be traced or not. Cryptocurrency is pretty broad, so there may be exceptions to my original statement.