this post was submitted on 21 Nov 2024
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Privacy
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Have you done any digging to see what the actual problem with it is? Are they uncomfortable with the technology? If so, is the technology something you can handle? Are they uncomfortable with the fluctuations? In that case, use the 365 day moving average and then update the price every like four months or something. Even though Bitcoin is the most popular crypto, you may want to avoid it simply because it's an upskirt chain. And so every transaction you make to a supplier or whatever could be tracked. And so people could find out how much you pay for supplies, etc. In a business context, Monero would probably be better. Just simply because it has privacy. Also, since it is private and fungible, you, as a business owner, wouldn't have to worry about if the transaction you are receiving is tainted with bad coins from other illicit usage, etc., where on Bitcoin and other chains, you definitely have to worry about that.
I guess it's a) unfamiliarity, b) inconvenience for what they don't see as much of an upside and c) crypto as a whole being frustratingly seen as a scam, largely because of projects like the one in the post.