Privacy

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Thoughts on Cryptocurrency? (programming.dev)

submitted 8 months ago by actual_patience@programming.dev to c/privacy@lemmy.ml

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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[–] shortwavesurfer@monero.town 6 points 8 months ago (10 children)

Use Monero. Since the amount you send is private, who you send to is private, you are private when you send. Unless you are targeted specifically, it's unlikely that your transactions will be figured out.I use Monero a lot and I don't really care about the fiat value of it because I'm using it as a currency to buy my food, pay my insurance, pay for my phone bill, etc.So what happens is since I have to pay bills in it, I end up buying it every single month and then spending what I need on bills and saving the rest.I am not it for number go up like the rest of these crypto bros are. I want to ditch the manipulative government fiat system entirely, and that's the end I hope to achieve by opting out.

[–] enviousCardinal@lemmy.world 6 points 8 months ago (1 children)

I'm using it as a currency to buy my food, pay my insurance, pay for my phone bill, etc.So what happens is since I have to pay bills in it, I end up buying it every single month and then spending

how do you do all them things, if it's not too much trouble?

[–] shortwavesurfer@monero.town 7 points 8 months ago* (last edited 8 months ago) (1 children)

For my food I buy an Instacart gift card and then just go pick it up when it's ready. My insurance is through a friend who pays dollars and I pay them back in Monero and the phone bill is another gift card.

Edit: I am very seriously thinking about launching a phone service that accepts Monero only and would be a stable price in Monero.You can get some pretty decent deals from the carriers if you have more than a few lines on a business account.

[–] delirious_owl@discuss.online 1 points 8 months ago (1 children)

I feel like people already top up phones with crypto. Its always one if the top ads on those gift card sites

[–] shortwavesurfer@monero.town 2 points 8 months ago

From what I've seen, it's mainly prepaid. With post paid, there isn't a way to do it that I'm aware of besides buying a Visa or Mastercard prepaid card.Plus, the whole point would be to have a stable price in Monero. Those gift cards change price all the time with the fluctuation of the market. So, this would be more expensive, sure, but it would also be completely stable.Effectively acting as a price ceiling in Monero.

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