this post was submitted on 23 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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Highly doubtful. Is this like Tether where my money is just taken from me when a custodian wants to remove it?
Umm...we pay in XMR. No one can take your XMR. :)
Tommy from AllArk
Do you know why this happened to tether? All tether on polygon was removed. If it can happen with tether I see no reason why it can't happen with XMR.
https://tether.to/en/transparency/#usdt
This is a good reason to not trust random shitcoins like tether and XMR
Have you guys considered paying in BTC or ETH instead?
While we are big fans of both BTC and ETH, we appreciate the financial privacy that comes with XMR for operations. :)
Tommy from AllArk
Fascinating. How does XMR offer better "financial privacy" over existing cryptos like USDT, BTC and ETH? Sounds like just marketing buzzwords to me.
Tell me how XMR is immune from crypto custody.
https://www.coindesk.com/learn/what-is-crypto-custody/