@F3715H @JuxGD I second this one.

1. Obviously #Monero peaked recently because everyone who can is dropping #USD for #XMR and is #GTFO'ing the #USA due to #Trump...

2.I've seen "#ProofOfStake" #Shitcoins like #Ethereum and #Solana with setups that are way more wasteful, expensive and #hoarding of hardware like #RAM and #SSDs [the latter one being basically destroyed due to extreme #IOPS].

• I've yet to see any credible evidence of commercial #MoneroFarming / #MoneroMining to exist to a scale even remotely as close to those #Shitcoins with entire #Datacenters dedicaded to them (I sadly can't divulge more due to NDAs)...

3.If you have no problem with #AMEX, #VISA, #MasterCard ¹ (and espechally #PayPal!)² ³, then you shouldn't have a problem with Monero either!

• Yes it is a #cryptocurrency, but it's the "least worst" when it comes to #privacy, #centralization and some study seem to hint that Monero and the DNMs that use it actually reduce #StreetCrime and #Violence as they allow #NonviolentDrugOffenders [aka. #VictimlessCrimes] to be facilitated safer and in a trustless envoirment.

• The Problems associated with #Monero are not due to the fault of Monero. It's what people do towards other people. Whether they do it for XMR, #Dollar, #Euro, or whatever doesn't make it better or worse than whether someone threatens a person with a knife or a rifle: Both are equally bad in the eyes of the law and society for all the righr reasons!

Also Monero per it's very design CANNOT be abused for "#SmartContracts", #NFTs and associated #malware - in fact the #developers of Monero removed any such ability by deprecating and disabling the tx_extra feature.

• So in that regard, Monero by it's privacy is IMHO more ethical than even a #BankAccount because unlike a #Bank and like cash, #SelfCustody of it gives YOU 100% control over the funds, which is important amidst #Debanking attacks by the #Trump-Regime against opponents around the globe! Something @RoteHilfe found out recently...

#USpol #NotFinancialAdvice #payments #money

@dragonfrog Granted, #FATCA is an expensive problem and the only way some #US citizens may be able to obtain a #BankAccount in #Germany was due to the fact that #banking is regulated like a utility (since people can't really be paid in #cash and #landlords expect to get their rent wired via #SEPA).

• So yes, it is possible to obtain a basic bank account without even a "legal address" (obviously mandating #KYC and complying with #AML regulations!)

OFC #NotLegalAdvice & #NotFinancialAdvice tho I did help two people to get an account setup. (It's not a speedy process tho and without an address one certainly has to come to the bank branch more than twice!)

• But it is a known to work method and not some shady backalley deal, instead precisely obeying the laws.