• sugar_in_your_tea@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    22 hours ago

    Which is really unfortunate. If you avoid the most popular coins (Bitcoin, Ethereum, etc), you avoid most of the scams and speculation and end up with a decent currency that respects your privacy and has low fees.

      • sugar_in_your_tea@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        7
        ·
        20 hours ago

        Monero is perhaps the best option imo. Here’s the official page about it, but basically:

        • not profitable to mine, so most miners are enthusiasts who want the coin to succeed
        • privacy-focused - basically creates a ton of fake transactions to mislead snoopers
        • relatively popular - seems to be the most popular coin recommended by privacy enthusiasts (e.g. Mental Outlaw, he even gives a discount on his store for Monero)
        • not popular among speculators - they mostly stick to the big ones (BTC and ETH), as well as new startup coins
        • low cost transactions, fairly short transaction window

        It’s far from ubiquitous, but it’s popular enough that if a place accepts any crypto, there’s a good chance they accept Monero as well.

          • sugar_in_your_tea@sh.itjust.works
            link
            fedilink
            English
            arrow-up
            2
            ·
            4 hours ago

            Some do, which is a lot more than GNU Taler. I don’t know of another digital payment system that has more usage that isn’t dominated by a handful of companies.

            Here are some examples of things you can buy today w/ Monero:

            It’s far from ubiquitous, but it is being accepted today. If any of those places interest you, I recommend putting a small amount of money into Monero and trying it out.