Comment on I’ve been locked out of PayPal for years because of their mistake
shortwavesurfer@monero.town 3 months agoGratuitas.org sells premium grade coffee for Monero. You can also look at monerica.com. There are absolutely tons of legitimate businesses that accept crypto. Actually, when it comes right down to it, it makes a whole lot of sense to accept crypto because the transaction fees are so damn low that businesses save a ton of money over credit card transactions.
accideath@lemmy.world 3 months ago
But why should I base my shopping habits around a currency/platform when I could just use one that almost everyone takes. When I want to order off a random online shop, I do not want to think about whether they’ll even take the money I have.
shortwavesurfer@monero.town 3 months ago
Fair enough, I’ll be the first to admit that it takes work in order to use it. I’ll give two reasons. One is a monetary, and one is not.
Reason 1: If we are right, and 15 years of data shows we at least have a point, then you would be an early adopter and very likely end up very wealthy.
Reason 2: You can buy anything from anyone, anywhere, in the world at any time. And it’s guaranteed to be irreversible in 20 minutes.
ahornsirup@sopuli.xyz 3 months ago
How is that a good thing? I want to be able to chargeback if I don’t get what I ordered.
shortwavesurfer@monero.town 3 months ago
That’s what multi-signature escrow is for. You deposit money into an account and you have one key. The vendor has one key and a third key is given to an arbitrator and at least two keys must sign the transaction in order for it to be completed. If the vendor sends you your product and you are happy with it, you sign the transaction and the vendor signs the transaction and the vendor gets the money. If the vendor does not send you what you ordered, you talk to the arbitrator and the arbitrator listens to your case and the vendor’s case and makes a decision.
accideath@lemmy.world 3 months ago
So it is speculative.
And should I feel the need to buy something from somewhere I need permission for, I will consider getting some crypto. Haven’t had a situation yet where cash didn’t suffice though.
shortwavesurfer@monero.town 3 months ago
I feel it’s speculative something like electricity was speculative in the early days of electricity when people were doing it wrong and burning down their houses and people laughed at electricity like who would ever want that and now we can’t really live without it. I will agree, cash is a bearer asset and untraceable and therefore is very good. The only real problem with cash is that it’s based on the monetary policy of the governmyth that issues it. They make bad decisions and you suffer for it.