I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I’m not against it, but I’m not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don’t think it will be viable for at least another decade.

  • enviousCardinal@lemmy.world
    6·
    8 months ago

    I’m using it as a currency to buy my food, pay my insurance, pay for my phone bill, etc.So what happens is since I have to pay bills in it, I end up buying it every single month and then spending

    how do you do all them things, if it’s not too much trouble?

    • shortwavesurferEnglish
      7·
      8 months ago

      For my food I buy an Instacart gift card and then just go pick it up when it’s ready. My insurance is through a friend who pays dollars and I pay them back in Monero and the phone bill is another gift card.

      Edit: I am very seriously thinking about launching a phone service that accepts Monero only and would be a stable price in Monero.You can get some pretty decent deals from the carriers if you have more than a few lines on a business account.

        • shortwavesurferEnglish
          2·
          8 months ago

          From what I’ve seen, it’s mainly prepaid. With post paid, there isn’t a way to do it that I’m aware of besides buying a Visa or Mastercard prepaid card.Plus, the whole point would be to have a stable price in Monero. Those gift cards change price all the time with the fluctuation of the market. So, this would be more expensive, sure, but it would also be completely stable.Effectively acting as a price ceiling in Monero.