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Coinbase tells judge that buying crypto is just like collecting Beanie Babies
(finance.yahoo.com)
this post was submitted on 19 Jan 2024
117 points (96.8% liked)
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I don't buy Monero to collect it. I buy Monero to have freedom from being watched by banks and governments. I buy my groceries with it. I pay for things with it. I use it as a currency. Not for number go up. Bullshit.
I'm currently thinking about what I should do with my monero. How do you pay daily stuff with it?
I find it harder to actually get more monero than it is to spend it.
Cakewallet (a wallet app for Monero and other crypto) has a giftcard service that I've used before. It works well, but it was down for a little bit because of regulatory concerns.
Monero is also pretty easy to convert to other Cryptos on non-kyc exchanges, so if a vendor accepts another crypto (USDT for example), it's usually pretty easy to swap back and forth.