Why Monero Merchant Adoption Is So Hard

@BraveSmoke The irony is deep in this one.

@monerica and plus look what is going on with the COLDCARD fiasco: you have legitimate BTC believers who are also normie that have absolutely no idea what is happening or going on. Even some experienced users are getting caught up in this. And what is easiest resource they have? Send it to a kyc exchange and wait it out.

Top to bottom things are centralizing and it even becomes harder to convince people to hold cold storage.

@xenu Yeah, it's just crazy. Seeing some of these BTC influncers who claimed they researched everything and that Coldcards was the best now acting terrified.

If/ when quantum computers come out, some say in a year, some say ten, who knows, this seems like the moment everyone feels they are hacked. Quantum resistance will be critical very soon.

A lot of this does lead towards 3rd party custody and just having a credit card on top of it.

Outside of the crypto bubble, the horror stories of people losing over 100k are real. If that happened to someone, why would they ever in their right mind put themselves in that situation again?

Gold existed for a long time too, but most of it is just paper traded. Seems crypto will go the same route and the actual user base will be small.

@monerica I do think crypto and Monero/Btc in particular will have an advantage for internet usage because we are instilling a strong ideological foundation into crypto anarchism. I also think usage in person is easier so over time I expect more libertarians to accept it. But yeah, it is going to be slow growth and BTC (and xmr) will continue to see diminishing returns unless there is some sort of event that changes things.

A simple way to "ju-jitsu" this problem is to just use analog paper money at the brick and mortar cash register..... and where do you get this analog paper money?... by selling Monero to a person seeking KYC-free monero! :-D