this post was submitted on 12 Jun 2024
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243
Trump Turns Bitcoin Into Test of Patriotism (gizmodo.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 5 months ago* (last edited 5 months ago) (1 children)

Problem is, is that they can't even really truly make it illegal. As long as any cryptocurrency is legal, no matter what it is, you can always buy Monero, either with it or by exchanging it for Bitcoin or Litecoin and then exchanging that for Monero. Also, the decentralized exchange, Haveno launched a month ago today and there is no way to shut it down. It's a peer to peer decentralized exchange all done over the tor network. Good luck without killing the internet entirely.

[–] sugar_in_your_tea 1 points 5 months ago (1 children)

Yup, but they can make it really inconvenient, to the point where law-abiding citizens will likely just give up.

I haven't and don't intend to buy anything illegal, I just don't want the government tracking everything I buy. But there are limits to what I'll put up with, so hopefully enough people like me will transact in Monero so the government locking things down will tick off enough people to discourage them from doing so.

[–] [email protected] 2 points 5 months ago (1 children)

Yep, and the best way to get that to occur is to help show people why they should be transacting with it. Take businesses, for example. Normal credit card transaction fees are 3%. Normal Monero transactions are 1 US penny. If you get a transaction that is 3 cents US, that's an expensive transaction.

[–] sugar_in_your_tea 2 points 5 months ago

Yup, and some online stores give a 5-10% discount for using Monero.