President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
Private online (or maybe even offline) payments with Monero. And even if it’s not monero, you don’t have to deal with the BS of banks, such as the transactions taking days to complete. And nothing is tied to your real identity, making you entirely anonymous.
Anonymous online payment is cool and all right up until you fill out your address so they can bring whatever you paid for to your house.
That’s fair, but I was talking about online payments for digital goods, such as VPSes, vpns, donations, etc.
Also, let’s say irl stores adopted cryptocurrency as a payment method. Your bank wouldn’t know what you’re buying and therefore wouldn’t be able to sell that information.
The reason that bank transactions take days to finalize is because of regulatory compliance. The actual money can be moved in seconds.
I don’t know if you can reasonably cite “bypassing regulatory compliance” as a “legitimate” use case for something.