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this post was submitted on 24 Jul 2024
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Privacy
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Best way to hide transactions is with crypto. And namely Monero. Not exactly PayPal like but Monero is the most private.
Unfortunately there are a very small amount of places when I can pay with crypto... I do not want to face also questions from AML officers. I'm not a journalist in the dangerous country or political activist, so Monero looks like an overhead for me.
Monero is for everybody. The most common things I purchase on a monthly basis in Monero are Domino's Pizza and groceries. And as far as I'm aware, neither of those things are illegal. Monero is money, just like a $100 bill is money (currently). It is perfectly legal to hold and use Monero.
Domino takes crypto now?
No, but it's very easy to buy a Domino's gift card with Monero and use that.
Where I live they used to accept BTC. Not Monero unfortunately.
Well, there are plenty of places that do accept Monero. Take a look at https://monerica.com and https://xmrbazaar.com which is a small but growing marketplace to buy and sell anything you wish (excluding illegal goods) .
Oh that's interesting! Thanks for letting me know.
Until you do your taxes. The government hates crypto.
Taxes in the US for crypto are easy. I sold some crypto I had and just put the amount in the other income box and paid the tax.
Besides the other user's recommendation, have a look at coincards. Haven't used them yet, but they have gift cards for a lot of things, online and physical brands too.
No it's not. Crypto is very specifically not that. It's an open ledger.
This is not accurate. Monero offers a very high degree of privacy and anonymity. So does Bitcoin lightning, to a lesser degree. Lightning transactions don't go on chain and are known only to: sender, recipient, and intermediate nodes, if any.
Nice try FBI.