Tipping with Monero
The power of decentralization is radically changing the economy. Bitcoins inception in 2009 was a landmark technical achievement that allowed anyone to own digital money without an intermediary. Since then, Bitcoin has been adopted by millions of people, well-established institutions, and a few governments. What it does not offer is the ability to privately store, send, or receive your internet money. The pseudonymous nature of Bitcoin is suited for some people and organizations, but cannot in its current form, become a cash-like money.
A fungible currency, like physical cash, allows anyone to participate in its circular economy. There is no discrimination in the parties conducting the transaction. Monero (XMR) has become the closest functional technology to achieve this. Today, the amount of private transactions conducted on-chain are significantly higher than any other blockchain. Black-markets and darkwebs have adopted Monero for its userbase.
Tipping your barista in-person is web 2.0, tipping XMR to low-income farmers who grew your coffee beans in a remote location is web 3.0 Low-income farmers deal with more government and economic instability. Tipping Gratuitas farmers is helping create unconfiscatable generational wealth. In addition, customers are also securing their own transaction history. Monero has a community constantly updating the protocol as the number and sophistication of tracking entities increases. For more information on how to the protocol works click here.
How to get started
You can use any wallet that has the ability to send Monero. Owning your own private keys is a must if you want to maintain your privacy. We recommend any of the following non-custodial applications:
Monero GUI Wallet:
The original wallet with advanced options. Store, send receive, and even solo mine. Additional advanced security features such as downloading the entire blockchain onto your computer, hosting your own node, and verifying signatures are enabled. Compatible with hardware wallets:
The first open source wallet on IOS in 2018. Simple UI with fiat on-ramp. The application connects to a remote node that allows the user to securely send and receive XMR. Exchanging other cryptocurrencies such as Bitcoin and Ethereum are enabled. In addition, you may create Bitcoin and Litecoin wallets to store BTC and LTC: