4 ms·

I'm curious, what are people purchasing with it?

by forty 3y ago

ur-whale 3y ago
[flagged]
- forty 3y ago
  My car seller and my grocery store accept cash and credit card but not Monero, that's why I wondered what people do with it.
- justapassenger 3y ago
  Any car dealer, grocery store and pharmacy accepts fiat. Does any accept Monero?
  - deleted 3y ago
    [deleted]
- smlavine 3y ago
  Don't pretend like you don't know why.
- seligerasmus 3y ago
  >Why would it be any different for Monero This response does not make much sense: how do you pay for cars, groceries, condoms with Monero? With fiat, you use some centralized banking instrument like cash, credit, debit, or whatever. Reconciling how that purchase experience is identical with Monero (but is somehow an anonymous, decentralized transaction) might require slightly more explanation to distinguish it from your garden variety anarchocapitalist crypto daydreaming. Or, more likely, you mean that _in theory_ you could use it to buy anything, with the small hurdle of instantly overturning all of modern commerce infrastructure and the leviathan hard currency sovereigns that deliberately engineered traceable, centralized transactions as political and cultural contagion. Just gotta overcome that, teach grandma about cold wallets and the paramount value of anonymity, and we'll be off fiat. Wake me up when Monero is broadly known for something other than the de facto payment vehicle for ransomware.
  - anonym29 3y ago
    It's a stretch to call FIAT "money", let alone "hard money". The US dollar has lost >97% of it's value just since the inception of the Federal Reserve in 1913... and that's widely viewed as one of the strongest FIAT currencies in the world. The only stronger FIAT currency that immediately comes to mind for me is the Swiss Franc (CHF). In places like Venezuela, doctors and lawyers spend their days playing Runescape and World of Warcraft, because thlse fictional, virtual currencies are more stable than their real state-backed FIAT currency, and because they can earn more real-world currency by exchanging ingame currency for it than they can as doctors and lawyers in their "equitable" economic system of socialism.
    - tromp 3y ago
      > The US dollar has lost >97% of it's value just since the inception of the Federal Reserve in 1913 That's over a 100 years ago. I can easily see bitcoin lose much of its value in about 4 decades when the block subsidy is negligible and it relies almost exclusively on transaction fees for security.
      - anonym29 3y ago
        >I can easily see bitcoin lose much of its value in about 4 decades when the block subsidy is negligible and it relies almost exclusively on transaction fees for security. I actually agree with this, and that's one reason I, too, prefer Monero - the tail emissions + tx fees are more economically sustainable than tx fees alone.
    - dragonwriter 3y ago
      > The US dollar has lost >97% of it’s value just since the inception of the Federal Reserve in 1913… Yeah, that’s the result of placing function as medium of exchange nd unit of account over function as a store of value, as a deliberate measure to both facilitate exchange and encourage investment outside of the money in productive assets. Also why, while Bitcoin might arguably be a decent investment if you can take the volatility (note that I am not saying that it is, either), its crappy money compared to major world currencies.
lordofgibbons 3y ago
The whole point of monero is that it's none of other people's business what I buy with my money.
- forty 3y ago
  Sorry maybe my question was not well asked. I don't want to know what you buy, but more generally what can be bought with it.
  - sosuke 3y ago
    I didn't check the links and the list is from late 2022 but https://monero.observer/101-things-monero-can-buy https://monero.observer/101-things-monero-can-buy I did confirm at least one store: 3% discount for BTC and XMR https://shopinbit.com/electronics/tablets-smartphones/tablets/ https://shopinbit.com/electronics/tablets-smartphones/tablet...
    - forty 3y ago
      Thanks! That seems to be a pretty good list (I haven't tried but I did check a bunch of the listed websites and they did say they accept Monero). I'd still be a bit worried to use it to pay on a website that's not well known, as I assume you don't get disputes if the website doesn't deliver the service after you paid ^^
  - EscapeFromNY 3y ago
    I pay for a VPN and hosting with it, and a few people I know IRL use it for settling small debts (like Venmo, except nobody is selling your transaction history). I think it's unlikely Monero will ever crack the chicken and egg problem of broad merchant acceptance, but all the same I'm glad something exists for the niche of privacy-oriented services.
  - __alexs 3y ago
    Drugs. The answer is drugs.
renata 3y ago
Mullvad accepts VPN payments in Monero.
bunabhucan 3y ago
>We are seeing an emerging trend where ransomware actors first demand payment in Monero at a discounted ransom amount, https://www.techtarget.com/searchsecurity/news/252512142/Ransomware-actors-increasingly-demand-payment-in-Monero https://www.techtarget.com/searchsecurity/news/252512142/Ran...
ajot 3y ago
I've donated to some projects I like (e.g. Radio Paradise)
movapx 3y ago
Personally, MDMA and cocaine.
roenxi 3y ago
If you look for purchasable things there isn't much. But the current US president is effectively identifying some of his political opponents as traitors [0]. it isn't that clear which exact opponents he is referring to (does it include Trump, who was a slim margin from being the US president?). We've seen bank account freezes deployed against that truck protest in Canada too and it isn't obvious why any of us have a more fundamental claim to safety from the government than a trucker. Trucking always seemed pretty respectable to me. In such an environment, being able to donate money with anonymity quickly starts to look like a political necessity. And being able to support people directly if the financial system is further activated as a political weapon (I suspect not much has actually changed, just the records are more easily available - but for the sake of argument lets say this is a new phenomenon that we happen to have also just developed a method for resisting). [0] https://www.washingtonpost.com/politics/2022/09/08/biden-maga-republicans-democracy/ https://www.washingtonpost.com/politics/2022/09/08/biden-mag...
- dmbche 3y ago
  Separately from the rest of your comment, I think you should look into how crypto was used in the trucker situation - it did not work at all, iirc a lot of money just vanished
  - roenxi 3y ago
    I'm certainly interested, but a source would be helpful. If they're using an anonymous crypto I'd expect all the money to vanish.
    - dmbche 3y ago
      https://coingeek.com/why-bitcoin-cannot-help-canadian-trucker-protesters/ https://coingeek.com/why-bitcoin-cannot-help-canadian-trucke... This is on how their use if Bitcoin didn't help, and here is one on where the money went https://www.cbc.ca/news/canada/ottawa/freedom-convoy-donations-1.6410105 https://www.cbc.ca/news/canada/ottawa/freedom-convoy-donatio...
user6723 3y ago
I bought a car that was listed on Craigslist with XMR.
superklondike 3y ago
Pretty much anything: https://monerica.com/ https://monerica.com/
i2cmaster 3y ago
For a long time I renewed my domain name with crypto because my bank's anti-fraud system got hung up on it for some reason (it does that with crypto too but buying more crypto is less time sensitive.) I used it when originally trying jmp.chat out so I wouldn't have to worry about recurring charges/fraud etc. I've bought some electronic components with it just to see it work.

I'm curious, what are people purchasing with it?

by forty 3y ago

I'm curious, what are people purchasing with it?

ur-whale 3y ago

[flagged]

forty 3y ago
My car seller and my grocery store accept cash and credit card but not Monero, that's why I wondered what people do with it.
justapassenger 3y ago
Any car dealer, grocery store and pharmacy accepts fiat. Does any accept Monero?
- deleted 3y ago
  [deleted]
smlavine 3y ago
Don't pretend like you don't know why.
seligerasmus 3y ago
>Why would it be any different for Monero This response does not make much sense: how do you pay for cars, groceries, condoms with Monero? With fiat, you use some centralized banking instrument like cash, credit, debit, or whatever. Reconciling how that purchase experience is identical with Monero (but is somehow an anonymous, decentralized transaction) might require slightly more explanation to distinguish it from your garden variety anarchocapitalist crypto daydreaming. Or, more likely, you mean that _in theory_ you could use it to buy anything, with the small hurdle of instantly overturning all of modern commerce infrastructure and the leviathan hard currency sovereigns that deliberately engineered traceable, centralized transactions as political and cultural contagion. Just gotta overcome that, teach grandma about cold wallets and the paramount value of anonymity, and we'll be off fiat. Wake me up when Monero is broadly known for something other than the de facto payment vehicle for ransomware.
- anonym29 3y ago
  It's a stretch to call FIAT "money", let alone "hard money". The US dollar has lost >97% of it's value just since the inception of the Federal Reserve in 1913... and that's widely viewed as one of the strongest FIAT currencies in the world. The only stronger FIAT currency that immediately comes to mind for me is the Swiss Franc (CHF). In places like Venezuela, doctors and lawyers spend their days playing Runescape and World of Warcraft, because thlse fictional, virtual currencies are more stable than their real state-backed FIAT currency, and because they can earn more real-world currency by exchanging ingame currency for it than they can as doctors and lawyers in their "equitable" economic system of socialism.
  - tromp 3y ago
    > The US dollar has lost >97% of it's value just since the inception of the Federal Reserve in 1913 That's over a 100 years ago. I can easily see bitcoin lose much of its value in about 4 decades when the block subsidy is negligible and it relies almost exclusively on transaction fees for security.
    - anonym29 3y ago
      >I can easily see bitcoin lose much of its value in about 4 decades when the block subsidy is negligible and it relies almost exclusively on transaction fees for security. I actually agree with this, and that's one reason I, too, prefer Monero - the tail emissions + tx fees are more economically sustainable than tx fees alone.
  - dragonwriter 3y ago
    > The US dollar has lost >97% of it’s value just since the inception of the Federal Reserve in 1913… Yeah, that’s the result of placing function as medium of exchange nd unit of account over function as a store of value, as a deliberate measure to both facilitate exchange and encourage investment outside of the money in productive assets. Also why, while Bitcoin might arguably be a decent investment if you can take the volatility (note that I am not saying that it is, either), its crappy money compared to major world currencies.

lordofgibbons 3y ago

The whole point of monero is that it's none of other people's business what I buy with my money.

forty 3y ago
Sorry maybe my question was not well asked. I don't want to know what you buy, but more generally what can be bought with it.
- sosuke 3y ago
  I didn't check the links and the list is from late 2022 but https://monero.observer/101-things-monero-can-buy https://monero.observer/101-things-monero-can-buy I did confirm at least one store: 3% discount for BTC and XMR https://shopinbit.com/electronics/tablets-smartphones/tablets/ https://shopinbit.com/electronics/tablets-smartphones/tablet...
  - forty 3y ago
    Thanks! That seems to be a pretty good list (I haven't tried but I did check a bunch of the listed websites and they did say they accept Monero). I'd still be a bit worried to use it to pay on a website that's not well known, as I assume you don't get disputes if the website doesn't deliver the service after you paid ^^
- EscapeFromNY 3y ago
  I pay for a VPN and hosting with it, and a few people I know IRL use it for settling small debts (like Venmo, except nobody is selling your transaction history). I think it's unlikely Monero will ever crack the chicken and egg problem of broad merchant acceptance, but all the same I'm glad something exists for the niche of privacy-oriented services.
- __alexs 3y ago
  Drugs. The answer is drugs.

renata 3y ago

Mullvad accepts VPN payments in Monero.

bunabhucan 3y ago

>We are seeing an emerging trend where ransomware actors first demand payment in Monero at a discounted ransom amount, https://www.techtarget.com/searchsecurity/news/252512142/Ransomware-actors-increasingly-demand-payment-in-Monero https://www.techtarget.com/searchsecurity/news/252512142/Ran...

ajot 3y ago

I've donated to some projects I like (e.g. Radio Paradise)

movapx 3y ago

Personally, MDMA and cocaine.

roenxi 3y ago

If you look for purchasable things there isn't much. But the current US president is effectively identifying some of his political opponents as traitors [0]. it isn't that clear which exact opponents he is referring to (does it include Trump, who was a slim margin from being the US president?). We've seen bank account freezes deployed against that truck protest in Canada too and it isn't obvious why any of us have a more fundamental claim to safety from the government than a trucker. Trucking always seemed pretty respectable to me. In such an environment, being able to donate money with anonymity quickly starts to look like a political necessity. And being able to support people directly if the financial system is further activated as a political weapon (I suspect not much has actually changed, just the records are more easily available - but for the sake of argument lets say this is a new phenomenon that we happen to have also just developed a method for resisting). [0] https://www.washingtonpost.com/politics/2022/09/08/biden-maga-republicans-democracy/ https://www.washingtonpost.com/politics/2022/09/08/biden-mag...

dmbche 3y ago
Separately from the rest of your comment, I think you should look into how crypto was used in the trucker situation - it did not work at all, iirc a lot of money just vanished
- roenxi 3y ago
  I'm certainly interested, but a source would be helpful. If they're using an anonymous crypto I'd expect all the money to vanish.
  - dmbche 3y ago
    https://coingeek.com/why-bitcoin-cannot-help-canadian-trucker-protesters/ https://coingeek.com/why-bitcoin-cannot-help-canadian-trucke... This is on how their use if Bitcoin didn't help, and here is one on where the money went https://www.cbc.ca/news/canada/ottawa/freedom-convoy-donations-1.6410105 https://www.cbc.ca/news/canada/ottawa/freedom-convoy-donatio...

user6723 3y ago

I bought a car that was listed on Craigslist with XMR.

superklondike 3y ago

Pretty much anything: https://monerica.com/ https://monerica.com/

i2cmaster 3y ago

For a long time I renewed my domain name with crypto because my bank's anti-fraud system got hung up on it for some reason (it does that with crypto too but buying more crypto is less time sensitive.) I used it when originally trying jmp.chat out so I wouldn't have to worry about recurring charges/fraud etc. I've bought some electronic components with it just to see it work.