this post was submitted on 15 Jul 2024
263 points (98.9% liked)

Technology

57494 readers
3507 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] NotMyOldRedditName@lemmy.world 0 points 1 month ago (1 children)

esp. Monero XMR

Its hard enough to sell people on using VPNs to protect their internet privacy, trying to convince them to use this fancy thing 'only criminals' use to have financial privacy is definitely going to be harder.

Yup, but the most effective way to explain it is that it's just like cash. Criminals use cash, and criminals use Monero, and largely for the same reasons. For non-criminals like myself, the benefits are:

  • low transaction fees
  • fast transactions
  • pretty stable values

Or in other words, it works like cash, just digital. Like cash:

  • businesses can't track me
  • governments can't track me
  • there are no foreign transaction fees

Monero is our best option for a digital, non-government issued currency. It's as close as we'll get to digital cash.