31–40 of 294 posts
The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
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Where are these mystical things that function because of crypto that wouldn't function with regular money, and which also are not fraud?
Privacy. Censorship resistance. Monero is a great cryptocurrency.
I'm perplexed that BTC's price dropped 5% yesterday and bounced right back today. How does the market not care that the biggest exchanges keep collapsing?
Not your keys, not your crypto.
Why crypto will never be mainstream. Be dependent on storing a private key that can get lost or stolen. Need to store a hard copy at a bank in a safety deposit box. Can’t even trust the hardware wallets you buy off Amazon since it could have been returned with malware loaded.
I'm perplexed that BTC's price dropped 5% yesterday and bounced right back today. How does the market not care that the biggest exchanges keep collapsing?
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Not sure why this is downvoted. It's the official stated position of the SEC. https://youtu.be/hmPpIjfC9DY?t=178
The statement cracks me up. Without these exchanges, crypto would still be a small blip on the radar. It would continue to be nothing but a hobby for techies, libertarians, and techie libertarians, forever. If it's ever going to become more than a playground for scam artists, the industry needs real leadership that doesn't just brush every scam away with a meme.
Exchanges should be used to exchange, not as a bank where you store your crypto.
Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.
Crypto is also good as a form of market speculation and to make gaming GPUs too expensive for gamers. Don’t sell it short!
Especially not without very carefully considering counterparty risk!
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Privacy. Censorship resistance. Monero is a great cryptocurrency.
Is there some scheme past asymmetric cryptography that I'm not aware of? Because one of the fun drawbacks for criminals of having a distributed public ledger has been their immediate connection to all of their transactions once their public key is associated with them.
The quality of discourse at this stage of the thread (2 hours, 20 comments) is incredibly disappointing. Hn usually has high quality discussions. What is it about crypto that causes us to lose our minds?
There's some kind of bias against crypto here on HN. I've seen people here who revel in rubbing it in whenever the market crashes just because some so called "crypto bros" were smug about their profits.
Earlier quoted context omitted.
Privacy. Censorship resistance. Monero is a great cryptocurrency.
Is there some scheme past asymmetric cryptography that I'm not aware of? Because one of the fun drawbacks for criminals of having a distributed public ledger has been their immediate connection to all of their transactions once their public key is associated with them.
Monero has numerous privacy features. It mixes in multiple transactions into one so that amounts, sources and destinations can't be correlated. To an outside observer, it looks like everyone is constantly transacting with everyone else. Maximizes the anonymity set.