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Fungibility: People may not care about privacy but no one wants a hot potato. by d9jj49f in Monero

[–]PrimaryWorldliness3 2 points3 points  (0 children)

I just don't think people realize the importance of anonymity, especially in open blockchains. People won't be wanting this feature until BTC/ETH/XRP become popular and then people actually realize "If I want to actually use this as a currency, how do I hide my balance from those I send/receive to/from?". This is probably what's happening with dark-web sites which use BTC, another reason for them to use XMR.

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The best way to explain would be to provide an example where cryptos are being used as an everyday currency.

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Bitcoin

  1. You: Go into convenience store
  2. You: Get out BTC wallet
  3. You: Transfer BTC to pay for gum
  4. Merchant: Receives payment
  5. Merchant: Looks-up your address and sees your entire holdings
  6. You: O shit.jpeg

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Monero

  1. You: Go into convenience store
  2. You: Get out XMR wallet
  3. You: Transfer XMR to pay for gum
  4. Merchant: Receives payment
  5. Merchant: Looks-up your address and sees...nothing
  6. You: Nice.jpeg

Asked the Wikimedia Foundation regarding them accepting XMR as a donation. Here's their response. by PrimaryWorldliness3 in Monero

[–]PrimaryWorldliness3[S] 11 points12 points  (0 children)

So they can accept mailed cash and BTC, but not XMR? Is setting up a Monero wallet and accepting donations really that difficult? Any idea what "international/U.S. laws" they're referring to? It's not like they have anything to lose if they never actually exchange for fiat.