Open Source Collective Is Disabling Contributions in Cryptocurrencies (opencollective.com)

submitted 7 months ago by edisondotme@monero.town to c/monero@monero.town

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Old news that I just happened upon. Open Collective manages donations for many open source projects. Their reasons for discontinuing crypto supports are all problems that XMR fixes.

So frustrating when people throw the baby out with the bath water here. Imagine Henry Ford with his Model-T.

You have to inflate the tires? You have to keep filling it with gas all the time? Only 10MPH? Yeah no thanks, we're banning your "auto mobile" project, this would never work.

This isn't even a good metaphor considering XMR already exists as a solution.

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[-] itsmect@monero.town 2 points 7 months ago

The major issue is the low market share of crypto and the higher effort required to get USD. If you want USD, Monero can not fix this. So whenever you can offer your goods and services in XMR natively to lesser the dependence on fiat ever so slightly.