Damus
ChadXMR · 1w
Hows the perception of monero in your community? Is it a thing? (I like it better for use in purchasing)
BitcoinForKenya profile picture
Hi Chad, well frankly it does not really come up. The point being that I personally like monero and also have some, but here any developer who creates an app to convert local money into crypto and vice-versa concentrates on bitcoin for obvious reasons. Generally people here are not bitcoin or monero "literate" they do not really understand it until they see how it works. So here communities build circular economies based on bitcoin and nothing else and I think this is a good thing since in Africa the issue of privacy is not really perceived as in the west. Also consider that lightning is extremely private and no one spends directly bitcoin on-chain. So there is no practical need for the added privacy of Monero compared with the advantage given by network global scale, decentralization and capped supply. But I like Monero.๐Ÿ‘Œ ๐Ÿ‡ฐ๐Ÿ‡ช
โค2
ChadXMR · 1w
Thanks for your insight into the situation ๐Ÿ‘ I assumed in real world adoption cases it would actually make more of a difference to people as I don't find LN very attractive as it's quite complicate and accessible to most people only in a custodial setup, which comes with it's own trade offs ๐Ÿค” ...