stickers that say they accept Monero
If you’re holding the speculative asset you have incentive to promote the use of that asset.
How many people do you think actually pay with monero?
Comment on Paul Krugman. Former Professor of Economics at the Massachusetts Institute of Technology
unknownuserunknownlocation@kbin.earth 3 weeks ago
His arguments aren't exactly solid. They are:
- It isn't widely used. Well, just because something isn't popular doesn't mean it's bad. See Linux, Tor, ...
- It is only being used for speculation and criminal activity. That's simply guilt by association. I've actually seen places that have stickers that say they accept Monero, for instance. I doubt they would have put up those stickers if there weren't people who actually used that as a form of payment.
- Everyone who disagrees with this is in a cult. I don't think I have to elaborate on this one.
We badly need a payment solution that offers privacy. Even cash is getting less and less private with automated serial number readers. If Crypto offers a perspective to fix that problem, I'm all for it, at least as a concept (minus a lot of the crap that's being done with crypto nowadays).
Serinus@lemmy.world 3 weeks ago
explodicle@sh.itjust.works 2 weeks ago
Even Monero is so huge at this point that one person shilling hard won’t make any significant difference in their own net worth.
zeca@lemmy.ml 3 weeks ago
- He didnt say its bad for not being widely used. You can use linux alone, on your own. The point of a currency is to be exchanged, so a currency that is not adopted by people is os very limited use.
- People put up a lot of stupid stickers all the time. People often invest in bad ideas.
- The cult things is not about anyone who disagrees, its about those with aggressive and exagerated reactions.
driving_crooner@lemmy.eco.br 3 weeks ago
I doubt they would have put up those stickers if there weren’t people who actually used that as a form of payment.
You arw overestimating people and businesses owners here.
AlpacaChariot@lemmy.world 3 weeks ago
How does crypto increase privacy? Isn’t the whole ledger public, so if someone manages to identify your wallet they can see all your past transactions?
HeyThisIsntTheYMCA@lemmy.world 3 weeks ago
Yeah, it seems like crypto offers less privacy to me, unless that crypto exchange/wallet/idk thingy that would pay businesses for you in exchange for crypto is legit.
Zyansheep@programming.dev 2 weeks ago
Most cryptos are public. Monero specifically though cryptographically obfuscates sender, receiver, and amount.