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This is some of the worst advice I have ever heard lol. Good way to get the feds knocking on your door for tax evasion. Not to mention crypto is a ponzi scheme by default and destroys the enviroment just so you can get yourself into legal trouble. It’s not even private either since your money needs to enter and exit a crypto exchange that requires you to enter invasive information for this exact purpose. Do you expect to pay for groceries or rent in monero? No business is going to want to deal with that bullshit.
No
Elaborate, unless you have the fantasy everyone is mining coins and keeping it in the monero ecosystem, which doesn’t happen.
Explain how you’d buy a pizza without real world cash entering or exiting the system.
You’re wrong with the Anonymity part
There are several ways to obtain Monero anonymously.
Simplest and most well-known: Buy Bitcoin (non-anonymously), then exchange Bitcoin for Monero. Never touch this Monero receive address again and use your other Monero addresses for spending (u have infinite).
Other method: Use localmonero.co and directly exchange cash for Monero with a well-reputed stranger. Anonymous cash-by-mail possible.
Dude there’s this things as taxes, and you have to claim those on your taxes or the IRS comes for you. That’s dumb as hell, and cash shouldn’t be anonymous.
You asked a question and I gave you a sophisticated answer. As a reply I get an unrelated pile of shit back, fuck you
Monero used zero knowledge proofs. It is anonymous unlike Bitcoin. That’s its main selling feature.
Did you read literally any part of my comment
Actually, i have been paying for groceries, my phone bill, and my email service for the past year in monero. I also use it when i go out to eat and could pay my power bill with it too. The only bill i honestly cant pay is the mortgage. That one is a direct bank draft and not a card payment otherwise i could even do that one.
How do you pay for groceries with Monero?
Through instacart or via walmart giftcards with Coin Cards or Coinsbee.
What’s the point though? Cash is anonymous anyways and you are not taking away power from fiat currency at all with such an awkward and non-mass-adoption friendly method
Well, every transaction made with your bank is tracked. Doing it the way i am the bank only sees a single transaction to the exchange and the exchange sees a buy. After that the trail goes dark. I try to support small businesses that take monero directly like gratuitas.org when possible. The giftcards are for the big brands that would not be easy to get to accept it. If a small mom and pop type wants to accept it i still use them first. Take gratuitas as an example, their coffee is more expensive than the big box. I choose to buy it anyway because they dont convert the monero back to dollars when they get it.
Edit: if i worked for them i would want my pay in monero so they would get it from a customer, pay me with it, and i would pay bills with it. Thats the beginning of a circular economy which is what we want.
Okay, that makes sense and thanks for informing about gratuitas.org . However, when buying groceries locally at a store, I always pay with anon cash and not via bank, so in that case using giftcards bought with monero seems redundand.
Yeah, that would be redundant and good on you for fighting the good fight smand using cssh. You are fighting for privacy IRL while i am fighting for privacy online. Both are super important.
That looks like you’re a drug dealer
Just because it looks that way does not mean it is. And tbf, being a drug dealer is not an issue imo as the problem is governmyth tellinf people what they can and cannot put in their own bodies. If drugs were legal most people would use more mild forms of the drugs and use them more responsibly.
Well that’s weird but besides the point I’m trying to make. I’m wondering how do you get money into your wallet enough to regularly pay bills and groceries in monero and exclusively pay with gift cards? Are you roleplaying that you mine it all?
Ah, no i actually do buy it. However the exchange i use doesnt support it so i do have to do a conversion. I would love to mine it all or get paid in it but alas, thats not to be at least for now.