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A lot of people are only interested in crypto-currencies for use in the black markets. While probably a majority here are more interested in them from a compute
by rampage101 10y ago
A lot of people are only interested in crypto-currencies for use in the black markets. While probably a majority here are more interested in them from a computer science or investing perspective.
- pavel_lishin 10y agoI wonder how many people are interested in them for their ostensive purpose, which was to have a non-centralized currency for regular, every-day transactions. It seems that they're mostly currently being used for speculative investments (not a particularly good use for a currency) or for black market transactions.
- aminorex 10y agoYou can get a Visa card backed with Monero from bitwa.la or use Monero anywhere BTC is accepted via xmr.to
- mjevans 10y agoI'm interested in them from the perspective of eliminating morality police that charge predatory rates to 'risky' sectors of the economy. I see them as providing a more level playing field, though I do feel that competition among escrow providers with clear terms of service for both parties is an element missing from the equation.
- pavel_lishin 10y ago> I'm interested in them from the perspective of eliminating morality police that charge predatory rates to 'risky' sectors of the economy. Can you give some examples? I'm not sure what you mean.
- egypturnash 10y agoIf you make porn/erotica then a lot of payment processors want nothing to do with you. Same with marijuana. I live in a US state that's legalized it, and every shop requires cash payment because no payment processor will talk to them.
- Karunamon 10y agoAs I understand it, that's less about morality and more about fraud risk.
- conductr 10y agoFor porn yes, for MJ it's about federal laws and banks wanting to obey them
- woodman 10y agoAnd the federal laws are a result of the morally driven prohibition movement. They aren't founded on well reasoned logic, just the desire to control others.
- conductr 10y agoThat becomes pretty circular and more political/philosophical than this conversation needs to be. From a business perspective, online porn is high fraud which makes CC's a difficult thing to underwrite and MJ banking in general is risky because banks need to stay under the government's good graces. This is the business environment regardless of your moral opinion
- woodman 10y agoI disagree, pointing to risk management as the root cause makes it circular. I certainly don't expect private enterprise to right the state's wrongs, but I don't think it hurts the conversation to point out the true root cause. It has been my experience that HN welcomes a little more thought beyond the utilitarian argument of what makes the trains run on time.
- DigitalJack 10y agoI just want an easy and quick way to transfer money.
- ourmandave 10y agoI'll only be interested in Monero when the black hats are demanding it to uncrypt my drive.
- kbody 10y agoHehe, I wonder if that will cause a big spike in victims. Slightly related "fun" fact, there's a botnet mining Monero for some time now.
- plasticmachine 10y agoAs I recall, it's been mining Monero for over 2 years. Reports of it in malware go back to 2014!