Submitted by flabberghaster in just_post
neku wrote
Reply to comment by twovests in More like CRAPtocurrencies by flabberghaster
The only thing left in cryptocurrency that's "good" (in the sense of fulfilling its basic goals) is the ability to make private payments
but its literally worse than physical money, which requires no overhead on the part of the individual and is virtually untraceable unless youre doing some serious shit. all this effort and the only ostensibly redeemable thing is worse than the system in use since the invention of "dollars"
twovests wrote
yeah, this is exactly true.
there are few usecases where monero is better than cash, and that's mostly only if you're participating in an economy that uses monero (and i don't know of any). everyone with monero wants to get cash for it so they can buy real things
and to buy monero "privately" with cash, you still need to go through literally every step you have to go through for physical money
and like victoria said, the use cases for monero are Mostly Very Illicit Goods anyways
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