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Said it better than I could've have said myself.

Keeping an absolutely small amount of buffer in stablecoins and swapping it for monero for actual transactions is what I do or just keeping it in monero directly (and that is also because the act of moving the money out is harder and I just buy vps's/domains with it semi-anonymously)

You can just pay fiat to buy monero when you actually have use of it.

Aside from very few use-cases (like dictatorship cases for example) I just think that it doesn't make sense for people to invest life-saving investments for money within crypto perhaps.

I think that one can use crypto for its good sides (anonymous payments) without facing its downsides by buying crypto or just having an insanely small/small buffer and using it when needed rather than life-changing savings.

by prewett14 hours ago|

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Except that, as far as I understand, crypto is only anonymous to the extent that getting a debit card under a fake name is anonymous. If someone is able to tie your wallet to you then all your transactions are immediately tied to you. Contrast that with cash: if someone figured out you made one transaction, it does not affect knowledge about other transactions.

So crypto is more like user-unknown rather than anonymous. I expect that normally these are about equivalent, but if you run into edge cases the difference could be catastrophic.

by reorder969513 hours ago|

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Monero actually does mitigate this, when you send money it creates a one time address (https://www.getmonero.org/resources/moneropedia/stealthaddre...), therefore payments cannot be traced to your wallet. When receiving money it's recommended you use different sub addresses (https://docs.getmonero.org/public-address/) for different purposes, so you can receive money from multiple places that cannot be correlated with each other. For someone to view incoming transactions for your wallet they'd need your private view key, to view outgoing transactions they'd need your private spend key, both of which are private .

You can still choose to generate a proof of transaction to give to someone, which proves that you did make one specific transaction.

Monero is genuinely a really interesting, and frankly ideal as far as I can tell for my purposes, cryptocurrency. It's a shame it's associated with crime because it solves all of my issues with spending digital currency from a privacy and practicality perspective.