Topic: Cash (Paper Money) vs Monero (Read 291 times)

That's not a problem. Especially when you can trade XMR to another cryptocurrency through a DEX or instant exchange (Changelly, FixedFloat, etc.). If there's an online store that doesn't accept XMR, you can convert your coins to one that can be used as payment method on the platform.

The main reason why stores don't accept XMR directly is because of fear from the government. They're afraid the government will shut down their business or hold them accountable for performing transactions that can't be tracked or traced whatsoever (which opens the door to money laundering, tax evasion, etc). It's the "image" Monero has for being a privacy coin. At least we know what to use once central banks take down paper money for good.

     For me at this time, cash is king; digital is only used so we can convert to fiat currency. And the majority of businesses and prime commodities are still looking for cash, not digital currency; that's the reality and real talk, or truth.

     Although in digital currency there is an opportunity for us to earn more than the salary of an ordinary employee, So monero is just one of the crypto assets that you can generate profit from in this field of the crypto space.

Generally speaking, I would prefer both methods because if you live in a state that has legalized cryptocurrency, then electric money has the most advantages for you. But you have no option to stay on paper because it is very difficult to tell what will happen in the future without the most current but the most electric money will continue to be used. As the currency is illegal in many countries, they cannot use any currency directly even if they want to, so they have to resort to different ways, such as selling those factors and changing them to local money. But it can be said that electric money will be used the most in the future.

I understand your point, and the point for monero overall as crypto money was designed to be resilient against regulations, but when CEXes were forced to accept new regulations, and traders welcomed them as well, prices grew with them as people were trusting exchanges more. Now those regulations showed what they are really for, and all money low that came with regulations adoption and institutions, leaves from monero marketcap.

Monero might stay alive by people trading it p2p, but imho it never reaches ATH, as high liquidity that came from CEXes is gone. With liquidity and marketcap going down, people will think twice if they accept monero as a payment, because if less and less people accept it, because it's harder and harder to turn to cash, and we are not sure if someone will accept monero as a form of payment in the future, that doesn't really inspire investors confidence. Especially if btc works as a store of value for them as well.

I would like to welcome a future where private money like this would be relevant but i can't just see it. As anyone following FATF has seen where regulations are going for a long time, and to me monero has been a zombie coin and this kind of privacy, that's meant for evading regulations has pretty much lost the battle. There might be privacy via ZK but this has to be auditable to have some level of transparency that fits with curent AML laws.

So unless there will be a new kind of world order that welcomes corruption and opacity, no matter who is doing it, i believe that privacy coins will become next to impossible to trade, as because of no fiat ramp won't accept that as a source of income. And because of travel rule, you need to provide that info.

So i can't see any reason why people rather wouldn't accept cash or btc. Big amounts of physical cash might be hard to explain, and i wouldn't hold that, but at least that can be easily used for day to day purchases, unlike monero.

Monero is a privacy protocol so there isn’t any doubt about its privacy but paper cash can also be untraceable because the money will be circulating in the open market. Though it can be hard but its not impossible to track so my preference will be monero. There is no possibke way the government will be able to track the origin of a transaction.

I think this depends on the conditions.  If the man on other side knows about crypto currencies like Monero, I will definitely choose Monero.  But in most current conditions, crypto usage cannot be carried out in transactions out than the market, so using cash is a logical choice.  Of course we have to avoid hidden cameras or CCTV so we cannot be tracked. 

This choice of cash is because not many people can make transactions with crypto, such as they are still laymen or don't know at all.  Cash is known for everyone about it value, whereas Monero is only known on the communitys.  So it will not be possible to use outside of community members.  I see Monero is a good coin.  maybe I will use it if paper money no longer exists.  I also have to be open to technology.  If cash is no longer available and Monero is not the best, I will choose another Altcoin.

monero there are no online stores that support payments using monero. so of course it cannot be used for transactions. while fiat money or cash can be used for shopping anywhere and anytime. if for flexibility, of course, choose to use fiat money or cash.

I think that once CBDCs start being introduced worldwide BTC will become yet another stock market item. Non-anonymous cryptocurrencies don't have any advantage over the government-created CBDCs, so these cryptocurrencies will be used mostly for trading on centralized exchanges and other government-regulated markets. Also BTC and other non-anonymous cryptocurrencies will be used to create all kinds of financial instruments similar to the BTC ETFs that have become so popular recently. However I don't think that BTC will be used as a replacement for cash. BTC is too slow and too transparent for that also it is an investment instrument, so most people will prefer to use the government CBDCs for everyday purchases.

The only cryptocurrencies that may survive in the wild are the truly anonymous ones like XMR or maybe some future ones that will be at least as private as XMR.


Indeed when cash is outlawed then we can say "Goodbye" to privacy. There can be a workaround, though, if they still allow purchases with non-anonymous crypto like BTC or ETH. In that case I can imagine a smartphone app that manages an XMR wallet. When the user wants to buy some goods the app will buy BTC with XMR on some DEX and then will send the BTC to the seller of the goods.

On the other hand if anonymous purchases with BTC are outlawed too, then we are in for some problems.

Monero doesn't need to be on exchanges to survive. People can just trade Monero in-person (Face-to-Face), or through a DEX. When paper money becomes a thing of the past, XMR would be our only option for true financial freedom and privacy. I didn't include Bitcoin because it's NOT a private currency. Transactions are fully visible on-chain, and can be tracked by the authorities anytime. Just like a credit card.

XMR is comparable to paper money because you just send the payment without anyone else knowing the transaction amount involved (except you and the person you're dealing with). I sure hope we get enough time to enjoy paper money before the whole world gets dominated by CBDCs. Once these government-backed digital currencies rule the world, you can say goodbye to privacy for good (in Fiat, of course). Just my opinion

Monero is not on all exchange and there are some exchanges that has removed the trading pair from there platform because of some many reasons we might not have idea about but all we can do right just to look for exchanges that one can trade it without issues.
Number question you need to ask yourself is why do you think monero would be seen as an alternative for fiat?
The government are still agitating on Bitcoin so why do you think monero is the best to compare with fiat.

What if central banks decide to remove paper money from circulation? With many announcing their intentions to launch CBDCs, we should expect cash transactions to become a thing of the past. Monero would be the only option for those who want true anonymity + privacy. Without an internet connection, you'd be limited to off-chain transactions in the form of paper wallets or physical bearer assets (eg: OpenDime, Tangem).

I am yet to see how this would work with XMR, especially when no one else would be able to verify on-chain (except you). This would be a huge concern in the future. Paper money is still used by the old generation (mostly), so we have plenty of time to prepare ourselves for the worst.

I am fine with either, cash or XMR. Cash is better for small things bought locally, XMR is better for larger or non-local purchases. However the governments seem to be cracking down on both and try to outlaw or at least marginalize these two anonymous payment methods. It will get worse once they introduce CBDCs, because they will phase out cash and will completely outlaw privacy coins.

I prefer cash (paper money) for transaction but it has a limit and with this limit it can't be used internationally for transaction purpose  so in this situation I will go for Monero, I can practically use both rather than choosing one, when it comes to international transactions Monero can serve justice, I normally make use of cash daily and it's just the perfect definition of what the op is asking untraceable transaction, no one can actually trace me with paper money.

Two have a different purpose, cash paper/money is untraceable once it's already used or deployed in the market or spent it for paying. The only way to determine that it came from you is through fingerprints unless the serial codes or numbers have been recorded before it's given to you.
No contest about monero for being a privacy coin and there's no need to talk about it if the matters is about anonymity and privacy. I'd use both to be honest.

If someone prefers complete anonymity, they would prefer Monero over cash. Because in the cash transaction, usually the sender and receiver will come to know about each other. That's not possible for Monero unless the sender and receiver share details with each other.

So for privacy lovers, monero is a better option and I would choose Monero over cash if I choose to maintain secrecy.

This is exactly what I always mention in the context of the use of cryptocurrencies in general as a means of payment. We can have as many cryptos as we want (anonymous or not), but we still have to pay for more than 95% of goods and services with fiat money or e-cash. Most likely, we still have to go through the stage with the widespread introduction of CBDCs, and only after that we will be able to move on to everyday settlements in crypto. Of course, I mean we are talking about legal goods and services.

It depends if its something small and urgent u would use cash and I think I can well cloak myself from the government using cash, but if its huge then I think monero is a very good option in that case and would give me th best privacy I can think off. Nice topic I never thought of comparing both.
That's a very rare case and how would the person get access to your phone or device to start checking transaction history to compare and even if it was done randomly there is every possibility that like 3 or 4 persons did that same transaction that same day, so I think monero is still the best option as long as its online and I want to be private and anonymousjts just like the silk road market. Just pray government crash it or ban it.

Monero is completely anonymous but there are still traces left such as the transaction history. Even if it’s not publicly disclosed, you and the recipient of the transaction still has access to that. They can not see your address as far as I know but anyone can compare transaction history to the one from your wallet should anyone ever check it.

With paper money, as long as you do not get detected or seen taking the cash somewhere then you’re good to go. I think it is much safer to use paper money if you are trying to hide your transactions.

But monero is your best bet if it’s convenience you are thinking about. If your recipient is halfway across the country or the world, then digital money it is.

cash is still the most effective way to make transactions with no trace. if the transaction is illegal and there is no need for a receipt then the drug cartel knows too well how to do it. Monero sure is quite useful for online transactions, it is just not very safe since the eyes of authorities have been watching this coin for years and who knows you may already be making transactions to authorities.

Cash not circulating anymore then XMR could be useful but so is BTC which is pretty much what the merchants are willing to accept than XMR.

I prefer digital money over monero, and cash money over monero as well, I do not really care about privacy all that much, even if cash money is out of circulation, I would just use digital like I am using right now. Wire transfers, credit cards, and all that is the life right now and I do not remember the last time I needed cash for anything neither, so it is not really a big deal at the moment.

I believe that we just need to do what we gotta do and that is the most important part of it. I would prefer bitcoin over all of them though, so if I could use bitcoin at every turn, then I would use it and never would use neither monero nor fiat at all, but there are times in life when I have to use fiat, so I use it just because of that reason.