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submitted 4 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[-] sugar_in_your_tea@sh.itjust.works 1 points 4 months ago

Yup, but the most effective way to explain it is that it's just like cash. Criminals use cash, and criminals use Monero, and largely for the same reasons. For non-criminals like myself, the benefits are:

  • low transaction fees
  • fast transactions
  • pretty stable values

Or in other words, it works like cash, just digital. Like cash:

  • businesses can't track me
  • governments can't track me
  • there are no foreign transaction fees

Monero is our best option for a digital, non-government issued currency. It's as close as we'll get to digital cash.

this post was submitted on 15 Jul 2024
267 points (98.9% liked)

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