No, that is not correct. Global outage shows the dangers of centralized systems would be a better headline. Monero Worked all day throughout the entire outage with no problems.
Define “worked” in this context. You mean their own infrastructure didn’t crash? You certainly didn’t pop down to the store and buying anything useful with Monero 😂
There are businesses that specifically sell gift cards to retailers for Monero and when possible I search out and purchase from retailers who accept Monero. Https://monerica.com and https://xmrbazaar.com help with that.
True, but do you really expect them to let you use a central bank digital currency peer-to-peer and not have some way of revoking your access to it? If so, you’re absolutely nuts, LOL.
Monero isn’t bad but I don’t think it is great for easily buying things. At the end of the day trying to use two different currencies is hard. Also Monero gets a bad name because it is used primarily for illegal transactions. It is simply two complex and has no accountability
The fact that it’s used for crime means that it actually does what it’s supposed to do and keeping people private. Shoes are also used by bank robbers and we don’t ban shoes. Monero is a tool the same as a hammer or a shoe or a car or a gun.
The problem is that it has zero accountability. Shoes, cars, cash and guns are all physical. At the end of the day someone can inspect your shoes or prevent you from taking a gun inside of a theater. Monero allows payments from anywhere and completely anonymously. You can get rid of it as it is decentralized but you can just not use it especially since cash is easy, private and secure.
No, that is not correct. Global outage shows the dangers of centralized systems would be a better headline. Monero Worked all day throughout the entire outage with no problems.
Define “worked” in this context. You mean their own infrastructure didn’t crash? You certainly didn’t pop down to the store and buying anything useful with Monero 😂
Not that day I didn’t, but I have bought Domino’s several times this month, and I bought my groceries at the beginning of the month.
So do you use some kind of payment app that does a conversion or do you have to manually convert from Monero to fiat currency?
Most retailers don’t accept crypto at the point of purchase so I’m curious as to how this would be convenient enough to use regularly.
There are businesses that specifically sell gift cards to retailers for Monero and when possible I search out and purchase from retailers who accept Monero. Https://monerica.com and https://xmrbazaar.com help with that.
Even central currencies can work if you can make offline and peer to peer payments.
Not easy to pull off cryptographically, though.
True, but do you really expect them to let you use a central bank digital currency peer-to-peer and not have some way of revoking your access to it? If so, you’re absolutely nuts, LOL.
Does Taler do this?
I remember reading it in its docs. It probably does, but it is sure it was planned
Monero isn’t bad but I don’t think it is great for easily buying things. At the end of the day trying to use two different currencies is hard. Also Monero gets a bad name because it is used primarily for illegal transactions. It is simply two complex and has no accountability
The fact that it’s used for crime means that it actually does what it’s supposed to do and keeping people private. Shoes are also used by bank robbers and we don’t ban shoes. Monero is a tool the same as a hammer or a shoe or a car or a gun.
The problem is that it has zero accountability. Shoes, cars, cash and guns are all physical. At the end of the day someone can inspect your shoes or prevent you from taking a gun inside of a theater. Monero allows payments from anywhere and completely anonymously. You can get rid of it as it is decentralized but you can just not use it especially since cash is easy, private and secure.
That is not correct, either. The outage even took out decentralized platforms.
Which decentralized platforms did it take out?
Maybe they are talking about the cash registers running Windows?