I don't do that. Maybe you should take your own advice.
Until I can do my grocery shopping on black markets Monero's excellent privacy and decentralized tech isn't going to be much use for most things. I don't see this ever changing.
You are missing a piece of the puzzle tho. Almost all the money made on the shadow market is cashed out to spend on the white market. Drug dealers and gun runners need to feed and clothe themselves too. Monero doesn't solve this problem. The black market is ultimately just another way for people to get hold of fiat. Monero is just an intermediary tool to that end if it can't be spent on white markets.
Great if you live in Nigeria not so much if you live in UK or EU.
Well, Im trying to educate, clearly that people do not understand properly how our system works and why we are in this predicament. What are you doing to overthrow one of the most corrupt govnts on earth? Its a collective problem, so for me it is organising and campaigning to overthrow the entire system.
It requires always being online for transactions. But in any case we weren't talking about Phoenix, I was specifically talking about Alby's custodial wallet, which defeats the purpose of self sovereign bitcoin.
Not true either. The huge majority of the public did not vote for our govnt. Only about 37% did. That's the problem. There's nothing democratic about FPTP.
'you can use it in a totally sovereign way, connecting your own node and plugin into many apps thanks to WebLN protocol.
But there’s also an easy and accessible wallet experience for newcomers and users who aren't necessarily up for the struggles of running a node, like artists and creators. Alby Accounts provide exactly that.'
You me and my dog all know that most people, are not going to set up their own lightning node. For a start it requires a personal server/cost, and technical skills Not even bitcoin enthusiasts and techy folk can be bothered with this cost/effort . I know some will, but most won't.
I love the idea of Monero, and there is nothing wrong with the crypto itself, but if you can't purchase goods with it then its privacy is irrelevent. I don't want to live in a world where everything I buy must be bought on illegal markets. For that reason I believe Monero, however perfect its privacy and utility is, will never be used as a currency. If I can't buy food and fuel with it, its not that useful. If I can't buy anything else with it either except on black markets then its really not going anywhere further than it is today because its an absolute certainty that no govnt on earth is going to allow mass use of monero.
As I said, its not the purchasing thats the biggest problem (although online purchasing does require an address - which is also risk for dark market purchases today) , however its the selling that becomes the bigger issue. To sell to public you need to be visible to public. If its criminal to advertise goods in exchange for Monero then there is no viable use case for monero as a currecny to pay for goods and services such as food, and utilitys, which is also where most peoples money is spent.
No we can definitely blame corrupt politicians for their corruption.
custodial garbage. I'd rather use paypal, cheaper, no capital gains taxes, just as non-private.
Its both. US owned health companies are running parts of the NHS and have been lobbying our politicians, interfering in our elections for decades. Mike Pompeo publicly admitted he would not allow Corbyn to be elected.
if selling products for monero is made illegal (and it will be soon) then you won't be able to purchase food or anything with monero legally. doesnt matter how private the transaction, you still need a seller in the open. Else it will be for darknet only. Nobody sells Oranges and Pasta on the darknet.
When you spend it you are subject to capital gains tax which MUST be paid in fiat. Bitcoin is worse than fiat cash. Less private and more costly. Bitcoiners pretend capital gains doesn't exist. Unless you live in El Salvador Bitcoin is less sovereign and more expensive than the equivilent value in dollars even in digital dollars the moment you want to spend it.
Until bitcoin is accepted as a currency it is worse than fiat or stocks for privacy and tax purposes.
You can't avoid capital gains without breaking the law or moving country. Not an option for most. Your last line is correct and contradicts the former.
it used to be a good deal, until the Americans took over our NHS, politcs and economy.
all money in existence anywhere has been printed out of thin air. #LearnMMT and save the world , esp libertarians, from economic illiteracy.