| It's been over half a decade since that stopped mattering, for me. I've bought goods and services directly with Monero plenty of times. I've paid invoices that the merchant put in Bitcoin, while using a third party to pay in Monero, which the third party then paid in Bitcoin. Now in the 2020s I can swap Monero directly to SECRET network, a Tindermint/Cosmos blockchain where all smart contract executions are private (such as the amount and quantity of your erc20-style wrapped Monero), allowing further bridging over to the EVM ecosystem for all the liquid DeFi trading activities, and Tornado cash if desired. and the times when I use KYC to convert it to fiat, I haven't cared either. I like that the OTC desk or exchange doesn't even receive the address I sent from, much more similar to wiring from another bank account, where the receiving bank can't look at all your prior records and balances at the source of money and just has to assume the other place is compliant. it should be obvious that someone with an illicit source of their Monero will need to reintegrate their value into the broader economy first, so that they can account for it properly. with access to the entire DeFi ecosystem now, that is extremely easy. all crypto users should restore that level of privacy. |
It's certainly going to matter come tax season to businesses which are/will be forced to convert Monero to local fiat.
> I've bought goods and services directly with Monero plenty of times. I've paid invoices that the merchant put in Bitcoin, while using a third party to pay in Monero, which the third party then paid in Bitcoin.
What exactly do you buy with Monero?