this post was submitted on 30 Apr 2024
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The problem is that crypto is not untraceable like it's fans want to push. There have been multiple instances of it being tracked back and traced, by private individuals and law enforcement. It's just debit card processing with extra steps and massive drain on resources.
Monero exists and is constantly being improved in that regard. And even traceability aside, you're forgetting one massive usecase: unlike debit cards, its usage cannot be denied or restricted.
lol wat? I don't know of a single local establishment that accepts Monero (or any other crypto) as payment (not saying it doesn't exist, but it if so they are exceedingly rare). Seems pretty restricted to me. They also don't seem to accept caps, eddies, gold, or spetims oddly enough.
Local establishments can use cash, so this is not a problem. Problems with cash begin when you try to pay, say, for a domain, or a server.