this post was submitted on 29 Jul 2023
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Why not integrate Monero in the fediverse? That seems more useful.
The way I see it, for small transactions, I could deposit some Monero (say $20 worth) on chain to lemmy.world. Then I could use $10 to sponsor lemmy.world (or even pay a monthly subscription through it) and I could also instantly send $5 for coffee to a coffee shop that has a Mastodon account through the fediverse. The recipients can collect these small amounts and retrieve them in bigger batches on chain.
As long as the amounts are small, security and privacy considerations aren't that big. And the convenience of easy addressing and instant transfers would be a huge boon.
And in the fediverse I can always create a new account with any other server when I feel like it, so some privacy is easily achievable.
For bigger amounts or privacy sensitive amounts, on chain is the way to go anyway.
Yes. Especially when we already have a project working on it: https://monerochan.news/article/11#heading
Lol, the author silverpill just literally also commented.
The future for the fediverse and Monero is bright!