Proton isn’t reinventing the wheel with this crypto wallet. But it’s another solid option for people looking to create a crypto wallet for the first time. However, cryptocurrencies tend to be a polarizing topic, so let’s see if Proton Wallet doesn’t hurt Proton’s brand image in the future.

  • More information: Proton Blog Article
    • jaxiiruff@lemmy.zip
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      3 months ago

      so stupid how monero, the only useful crypto, gets hated to oblivion for no reason

      • sugar_in_your_tea@sh.itjust.works
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        3 months ago

        Yup, just like cash, because that’s what it’s trying to be. It’s as close to digital cash as you can get: untraceable, stable, low transaction fees.

        • Rai@lemmy.dbzer0.com
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          3 months ago

          I don’t have any yet and have never used it, but if I use crypto I think Monero is what I would do.

          • sugar_in_your_tea@sh.itjust.works
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            3 months ago

            Same. I recently set up a wallet, but haven’t gotten around to funding it yet. Some sites have discounts for using Monero, such as https://based.win (run by YouTuber Mental Outlaw, who’s big into privacy and cyber-security), and I’ve thought about buying something from him w/ Monero to support him.

      • sugar_in_your_tea@sh.itjust.works
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        3 months ago

        How so?

        It’s the closest you can get to digital cash. It’s untraceable, has very low transaction costs (a few cents), and it’s mining-resistant (so no big mining farms). It’s not popular for speculation, so the price tends to be pretty stable (has been pretty flat for 2 years now), at least related to other coins. I honestly haven’t seen many scams around it, probably because it’s a tough sell to get someone to “invest” (it’s never going “to the moon”).

        If you are looking for a digital alternative to cash, Monero is it. The main problem with it is due to its main benefit: governments don’t like it because it’s untraceable, and because it’s untraceable, it’s often used for illegal activity. So you can’t buy it directly in many areas due to gov’t regulations, but you can usually trade another cryptocurrency for it (e.g. Bitcoin), but you should do it in relatively large transactions because BTC fees can be steep (as in, $1-2 fees, so convert >$100 at a time).

        People don’t advocate for it because they’re looking to get rich, they’re advocating for it because they want more options to spend their Monero, and the more people that use it, the more stores will accept it.