Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike
by superquest on Friday December 15, 2017 @06:20PM
(#15936138)
https://xmr.to/ looks waaaay too complicated for the average person to use, which is a nonstarter for the average person.
And it still processes a Bitcoin transaction, correct? So it will be no faster than Bitcoin?
Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike
by icelancer on Friday December 15, 2017 @06:30PM
(#15936196)
>https://xmr.to/ looks waaaay too complicated for the average person to use, which is a nonstarter for the average person.
OK, that's fine, but services like that could - and will - get much friendlier. I'm just rebutting the quote which is the blanket "no one transacts in cryptocurrency" which is certainly not true for me, even though I felt that way just 2 months ago. Now that I am an active miner of various currencies, I find myself using it quite frequently for random goods/services, even though the plan was really just to convert it quickly into USD fiat to continue reinvesting into the mining operations or to pocket it.
Re:MobileCoin: A New Cryptocurrency from Moxie Marlinspike
by superquest on Friday December 15, 2017 @06:37PM
(#15936240)
Fair point. I think "no one" here is a rhetorical exaggeration meaning "not very many," which might resolve our disagreement ...
This is being solved by Shapeshift.io and XMR.to. I transact in cryptocurrency all the time using these intermediary services with BTC as the usual medium of exchange. It's opened my skeptical eyes about the future of how things will work.