41–50 of 63 posts
Cash isn't dead. Even in a pandemic, there's a lot of stores that still accept it. This article seems more like clickbait FUD for pumping cryptocurrency.
This is the real killer app of cryptocurrency. Monero is a decentralized, untraceable digital cash that preserves privacy. All the arguments against cryptocurrency can also be applied to cash, but that doesn’t take away their main value proposition, which is a mathematically secure way to send payments while protecting the sender’s privacy.
Not exactly. A single transaction might be untraceable but over repeated transactions it's possible to deanonymize people with a high degree of confidence. See: https://www.youtube.com/watch?v=9s3EbSKDA3o the good part starts at 10 minutes.
Earlier quoted context omitted.
As a monero contributor, I can say one problem differentiating it still from the capabilities of cash is the inability to give Monero to someone who doesn't already have a wallet. there's trust involved in every solution we know of so far.
I get what you're saying of course, but as a fun counterpoint, I gave my brother $50 worth of Monero for Christmas and he has absolutely no idea how cryptocurrencies work, had never heard of Monero. I simply wrote out instructions on a piece of paper, the seed, basic opsec, and there you go. He probably put it in his drawer and forgot about it. But he'll remember and learn how it works real quick if I ever tell him i…
Earlier quoted context omitted.
And 20 years ago, neo-cons embracing dystopian government control to make sure muslims didn't use cash. It's all control. But instead of seeing it as right vs. left, its better framed as authoritarians (historic and modern left [1], Silicon Valley, FBI) vs. people who value their freedom and privacy either because its innate to their being, or because their particular group is kept under a watchful eye (gays in the 8…
Christian people are kept under a watchful eye in the US today? All 200 million of them?
Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
Legitimately surprised at sibling comments missing the subtext here. s/cash/cryptocurrency of parent post and you have word for word the standard complaint against cryptocurrency, which I believe is the point @camjohnson26 is trying to make.
Thankfully some brilliant souls pointed out you can buy things with cash. The comments about donating to political parties are especially ironic. Hacker News is great for technological information but way off base when it comes to finance and economics.
Has anyone found a use for cash outside financing criminal operations? Transactions are slower than sending money electronically, the paper is subject to decay, and if your cash gets stolen you have no recourse to getting it back. The fact that a hundred dollar bill is worth a hundred real dollars is insanity and proof that its value is a speculative bubble that’s being driven by anarchist fanatics and criminals.
Apparently the /s is actually required here.
Cash isn't dead. Even in a pandemic, there's a lot of stores that still accept it. This article seems more like clickbait FUD for pumping cryptocurrency.
There is reason in general to be concerned about the lack of good, private digital payment systems, but there are still plenty of cities where a pro-cash sentiment is strong, or at least a pro-"cash should be an option" sentiment. And I suspect (but can't confirm) that rural areas might also bias towards more cash transactions as well.
The general trend away from cash is something to pay attention to, but depending on where you live, it may not be an emergency right now.
This is the real killer app of cryptocurrency. Monero is a decentralized, untraceable digital cash that preserves privacy. All the arguments against cryptocurrency can also be applied to cash, but that doesn’t take away their main value proposition, which is a mathematically secure way to send payments while protecting the sender’s privacy.
>Monero is a [...] untraceable digital cash that preserves privacy Not exactly. A single transaction might be untraceable but over repeated transactions it's possible to deanonymize people with a high degree of confidence. See: https://www.youtube.com/watch?v=9s3EbSKDA3o the good part starts at 10 minutes.
Full original paper here: https://content.sciendo.com/view/journals/popets/2018/3/arti...