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this post was submitted on 11 Aug 2023
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PEOPLE have little incentive to adopt digital currency...
With the shit that's typically beeing shilled I agree. But there is genuine value in a bank not taking a ridiculous 5-10% cut of a transaction just because it crosses some invisible geographic line. Also why are transaction fees percentages? Do they charge per bit they have to shift in their database?
What about insufficient funds charges? I get charged $45 for them to reply 403 Forbidden instead of 200 OK?
Can you imagin paying for every website or page you go to that doesn't exist? Clearly the banks just make shit up.
Honestly glad some EU businesses started accepting Monero. Closest thing to digital cash I've seen. Pretty damn steady price, no marketing bs, almost never makes the news & just sits there doing what it does best - being a convenient, truly anonymous transfer of value. Pretty neat value prop if you ask me.
Monero is the realization of the dream that bitcoin failed to live up to.