• BD89@lemmy.sdf.org
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    1 day ago

    They tried bitcoin. And also fraud was a concern too.

    With Monero, fees are minimal and there’s no possible way to prove fraud thus if you KYCd youd be breaking no laws and it would work quite well. The volatility is still a factor though for sure.

    Stablecoins exist but ETH also has large fees at certain times like btc so and other chains like Polygon are trash and not as secure.

    Volatility is a factor, but using a different crypto than Bitcoin is necessary to avoid high fees and stolen coins

    • NotMyOldRedditName@lemmy.world
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      23 hours ago

      Fees are no longer a problem on Ethereum if you use one of the sidechains. Sub penny.

      They might till be higher on mainnet if some big event is happening, but are otherwise relatively low.