this post was submitted on 20 May 2024
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I only like two cryptocurrencies.
Nano: free transactions, each wallet runs it’s own blockchain, so it’s got no negative impact on the environment.
Monero: allows for anonymous transfers
I ask this sincerely, what have you personally needed an anonymous currency for?
I like it as a way to donate to creators without revealing my identity. It comes close to handing over cash.
You could also use it to pay for a VPN, but since the VPN provider sees your original IP address anyways, I don’t think that’s useful.
Love it for donations. Monero specifically is also super fast: open wallet, scan QR, enter amount, hit send. Easily done in 30s or less.
It's also good for VPNs, because now the VPN provider needs to figure out who owns the IP, rather then looking up the clear name in the payment info. Doesn't make you anonymous, but reduces risk of data brokers buying your personal info.