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this post was submitted on 20 May 2024
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I ask this sincerely, what have you personally needed an anonymous currency for?
I use anonymous currency daily without issue. It's called cash.
You can't use cash online tho
You just have to fold it really small to poke it down the wires.
It's a series of tubes, actually. https://en.m.wikipedia.org/wiki/Series_of_tubes
True. Although you can put cash on a debit card and spend that online. Pseudo anonymous because there is some degree of traceability.
I used Monero to pay for my domain and VPS while under sanctions and thus failed by the mainstream payment system. And in daily life I use pretty much only cash.
Also the phrasing of this implies some "nothing-to-hide" mentality. Would I be in danger if I paid for my stuff with a KYC method? Not really, I connect to my VPS and request my domain daily from home, their existence is not secret. Do I benefit from the transaction being anonymous? Still yes, the less data you trust the third parties with, the better. Same as to why I encrypt my chats even though they are mundane. Just because they are nobody's business.
The obvious one is buying drugs. I don't feel like arguing the morality of doing that but anonymous money is definitely useful for that.
I’ve bought drugs online and in person so don’t worry about judgement. Drugs are fun.
I read somewhere that someone was using anonymous currencies to buy life saving medicine from "non traditional" markets because they were much much cheaper. Let me see if I find the article
Well, that might be the only form of payment they take, and so you’ve got to use it I suppose. But the anonymous part really isn’t a huge factor here.
I would be a little cautious of buying “non traditional” medication from someone who doesn’t want a paper trail.
Unless you mean drugs, and then yes a paper trail is bad haha.
Haha no drugs in that article at least. I can't find it but I think it was either for diabetes or asthma
I like it as a way to donate to creators without revealing my identity. It comes close to handing over cash.
You could also use it to pay for a VPN, but since the VPN provider sees your original IP address anyways, I don’t think that’s useful.
Another use I can think of is paying for a domain and registering it with fake info. Registrars require pretty sensitive information, and apparently can check if it is real by comparing it to the info tied to a card used to pay, which crypto eliminates.
Wish there were more XMR-accepting registrars though.