this post was submitted on 10 Apr 2024
24 points (87.5% liked)

Monero

1662 readers
7 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

Old news that I just happened upon. Open Collective manages donations for many open source projects. Their reasons for discontinuing crypto supports are all problems that XMR fixes.

So frustrating when people throw the baby out with the bath water here. Imagine Henry Ford with his Model-T.

You have to inflate the tires? You have to keep filling it with gas all the time? Only 10MPH? Yeah no thanks, we're banning your "auto mobile" project, this would never work.

This isn't even a good metaphor considering XMR already exists as a solution.

you are viewing a single comment's thread
view the rest of the comments
[–] rafael_xmr@monero.town 1 points 7 months ago* (last edited 7 months ago)

That is awesome, thank you for the write up and setting the precedent with an open mind!

Their initial reasoning makes sense, with their crypto earnings being only 1.4% of the total usage, while technically having to manage the services to handle incoming payments for all different asset, and all mainstream coins having traceability as a feature making dealing with it way more complicated, so if they looked at it impartially and not politically biased they should definitely consider having a Monero only option by default, which curiously was also missing from the initial implementation, where I can send money I purchased, received or mined and no one can ever receive "tainted funds" but rather just receive digital cash, as like cash it is money that can move from various different hands without a trace, which then can all be equally spent to pay developers, goods, services, etc. and not face risk of what the real origin of funds is. It should come with the intent to be a saner option for payments rather than accepting many coins at once just for the sake of accepting it.

but I hope the Drips approach has success