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What are some minimalist projects in the crypto space for digital cash alternatives? (mander.xyz)

submitted 1 year ago by [email protected] to c/[email protected]

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Up to now I've made an effort to use cash to not broadcast my every movement to my bank. But as I see cash being phased out around my area I become more motivated to make an effort to contribute to the adoption of crypto, because that's a potential solution.

What are some good projects in the space that strive to replace cash? I don't care about the smart contracts, escrow, nfts, etc. I would like to have something that I can conveniently use for day-to-day transactions just like cash in the utopia in which this cryptocurrency is widely adopted. Whether the 'value' of that coin will go up or down is irrelvant, but I do care about the existence of a community working towards its adoption in real-case scenarios, and for the project to be actively developed.

Any recommendations of projects I might want to look at?

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[–] [email protected] 2 points 1 year ago

Thanks! I'll also keep looking. Unfortunately it doesn't look like there is... Most of the crypto projects appear to use an incentive structure for hosting network nodes that requires fees, and so you can't just send crypto around like cash. The incentive structure of the nano network is similar to that of the fediverse - people run nodes because they are interested in the success of the project itself. Unfortunately it seems like this is not a good enough incentive incentive for many. And the fact that at the head of the nano project there is a not-fully-transparent "Nano Foundation" rather than it being a community project makes me hesitant of running a node... It feels like doing work for free for a company. But I think I will set up a node anyway, at least until I find a better alternative.