It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.
That’s because 90% of cryptocurrency marketing consists of “THINK OF THE GAAAAAAINS YOU CAN MAKE!” instead of “You can use this to buy things without government censorship”.
The entire crypto industry has based itself around being a speculative asset, not a currency.
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.
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.
Cryptocurrency is the solution here, and unfortunately that’s an unpopular take here.
Not when exchanges still govern taking money out. They are businesses like everything else and will be just as risk averse
It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.
That’s because 90% of cryptocurrency marketing consists of “THINK OF THE GAAAAAAINS YOU CAN MAKE!” instead of “You can use this to buy things without government censorship”.
The entire crypto industry has based itself around being a speculative asset, not a currency.
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.
monero?
Yup, Monero is probably the best option. I’ve heard good things about Z-cash, and Bitcoin can work on the lightning network.
Tell me more
Monero is perhaps the best option imo. Here’s the official page about it, but basically:
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.