Monero is an online currency, not an IRL one

thanks for that thread, literally been thinking about that too

like, there was a thread awhile ago with someone that was all like "P2P physical ownership" for like houses or somethin, didnt make sense at all, like, we're so not there when even the "P2P digital cash" goal still havent been met yet...

like, yeah, cash still works, as it was mentioned in your other thread about living off monero, physical cash works for electric bills even...
so unless is like el salvador as literal legal tender which could use the internet money to pay those bills, then yea, physical cash or xmr depending on the situation

still always nice to see when like a coffee shop / local 420 or whatever accepting it for their business

Do you really want to be seen as the crypto guy to some low wage worker? That is a huge security risk.

truth regarding the security risk there, i guess it mostly depends of the context in which the cryptocoin thing is being brought up, and how
while when you're handling cash, you're also putting yourself as a target there, or at least for the cash you have on hand at this point in time, but true that for cryptocoin, there is more risk for bad actors to go the extra mile and going full craycray on that... so it's really about selecting your business partners carefully, in which specific context the cryptocoin thing is being brought up and so on
and in the case of being in a at risk situation, that it's properly planned beforehand, so the edgecases can be handled if they do happen

still, overall more focus on the digital aspect would be nice for "p2p digital cash"

edit:

so to clarify my stance on that:
IRL / local work is still good, can be risky, but it still benefits the ecosystem
wish could be more focus on the digital aspect tho, which seems to be actually lacking

well, moneroforum also has some kind of local (digital) businesses that could definitely be using some support from the community as well:
https://monero.forum/thread/patreon-competitor
which so far they raised about 2 XMR or so
seems like goal would be like 10 XMR for 3 months as @nolan been saying in post #83 regarding the work on https://xmrstars.com

and that's without the help from the CCS, so local support of community projects can be done here as well

still always nice to see when like a coffee shop / local 420 or whatever accepting it for their business

and a bunch of fat american fucks too lazy to get up their ass by supporting their local sellers so they ordering that online instead, like ordering the fast food or whatever lmao

local businesses do matter too

https://xcancel.com/XMRScott/status/2059632558908879094#m

btw @monerica
you still didnt fix your twatter thing over there: https://monero.forum/user/monerica
it's still "MoneroProject" instead of "MonericaProject"

edit: fixed :3

Monero = money for the internet. IRL = cash is king. Monero + cash means private and always spendable wealth

@monerica agree

there was a good monerkon talk about this in the one about carbon credit monero washing

The more bank wires charge for their transfers the earlier crypto has a chance.
Buuuuut the 3rd party services like binance and co also charge a fee. So its P2P which has to get promoted.

i disagree. the most direct benefit of accepting monero is not paying visa/mastercard 2% fees per every transaction.
the invisible benefit is you don't get taxed by inflation, and whatever is going on with central banks in your country. instead the money you use is a rightful value.

about the practical usability. for selling coffee you could do 0-confirmation. it would be faster than a credit card transaction, almost instant, you just don't know if there is a double spend scam or not. but no one is going to scam you for one coffee, and even if they do you will find out at worst after 2 minutes (block time). or just do it 2 minutes for a bigger transaction, so you will find out if there is a double spend. for bigger transactions you could do up to 10 confirmations (20 minutes). a reorg of 10 confirmations is a crucial problem anyways since funds can be spent after 10 confirmations in monero. and in case of such attack you would be aware anyways.

so for long term freedom monero is even better than cash. but what's better than all is, of course gold, even though gold turned into a speculative asset in today brainrot world.

@monerica Yeah the security risk is what make me hesitant to educate people about Monero in real life. As much as i want to let people around me know the benefit of Monero, the risk of putting myself in danger is even greater.

Although it is true that currently, Monero works way better as digital cash, I absolutely disagree with you here. I think you're artificially limiting the ways Monero can be used here.

Half the point of Monero, outside of privacy, is escaping the inflationary fake world of fiat. Concluding that Monero only works online means for in person transactions you'd prefer to use cash forever, you might not even be able to do that in the future if regulations get worse. I'll never stop arguing that Monero is both the privacy tool and the only valid escape from fiat, these two concepts are inseparable. It is my view that claiming one part but not the other is not really getting what Monero is about.

Monero's deficiencies in its in-person applications are only technical, not conceptual, and can be fixed in time. I believe the MRL shared that proper 0conf transactions can be possible in the future, if I remember correctly.

I don't really care if normie businesses doesn't like how blockchains work, you're worrying about a potential problem so far into the future, let's focus on propping up our own parallel economy first.

I actually find this take so strange coming from Monero people.

The perceived danger of being seen as the "crypto guy" in your example I find exaggerated. Since Monero is private, how much different it really is compared to pulling out a wallet full of banknotes ? I think the odds in both scenarios are similar.

Monero is absolutely a type of IRL currency, it just isn't a particularly good one. It is clunky, difficult to explain, obscure/without prestige, unfortunately grouped with most cryptos (which are scams and have a bad public reputation), and way harder to use than credit cards. Anyone arguing otherwise is not thinking rationally. Perhaps one day the ux will be rock solid but we are a long way away, especially with how regulations/taxes stand in our way.

inflation
Nowhere near enough to convince IRL adoption. Also skyrocketing stable coin adoption proves that volatility is a much greater concern than inflation.

Consider how difficult it is to convince privacy minded companies on the internet to even use Monero. This should be a no brainer for them. We have the moneroshamelist for this exact reason. The focus right now should be building parallel economies with privacy companies, further building our reputation with libertarian/freedom advocates, improving ux, and getting internet companies to use xmr.

And as I've stated before, cryotocurrency even being used as currency plays second fiddle to number go up hodling. We are the 1% against the 99% who are in this space to get rich. So yeah, if there is a future where crypocurrency is actively used as currency in parallel economies we should focus on the niche internet economies who need xmr.

@H1XMR

Since Monero is private, how much different it really is compared to pulling out a wallet full of banknotes ?

I'm uncomfortable talking about this so openly. But it is possible an adversary to size you up from how often you use crypto for payment. It communicate that you hold some funds that make it possible for you to buy daily necessities regularly with it. Or it is possible someone can make assumption you make a living out of it. It could end badly if you live in bad neighborhood.

Of course this is only if we assume the worse of people and they know their stuff with crypto.

And how it's different from stack of cash because with cash you still can blend it with the masses so at least it won't give signal that you're a high target even if you're a regular customer.

But if the usage of crypto has reach the same level as cash, then it's become safe to use for everyday transaction because you're no longer the odd one out.