321–330 of 341 posts
I will gladly stop using Monero if someone can tell me how to privately transact over the internet without CC companies (and others) spying on me and selling my data. Until there is a better solution, I'll keep using it.
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> So far no-one has been able to point me at a single thing that public public blockchains do that either is worth doing and is only possible using blockchain tech, or is better (more power efficient, faster) than using pre-existing technology. Using privacy coins I can donate money to causes I believe in (eg WikiLeaks) without fear of reprisal and with the knowledge that the funds will reach their recipient. If you…
This is a good use case for crypto, but it’s ruined by all the speculation and boom/bust. I don’t need $30,000k Bitcoin to support Wikileaks and my blogger. $10 Bitcoin works perfectly for this. But people hype and fraud coins to heights they shouldn’t be and make it useless for actual use. I think Eth is a good idea. I like smart contracts. But Etherium doesn’t need to be $3k and transactions shouldn’t be $10. $1 Et…
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> I don’t need $30,000k Bitcoin > Etherium doesn’t need to be $3k The reason they're priced so high is because most of the supply has gone to early adopters (and its creators in case of the 70% premined Ethereum) leaving late adopters in fear of missing out and fighting over crumbs. > we can just pick dogecoin Dogecoin admittedly has higher inflation, but still had early miners getting 50x more reward than current on…
I understand why the price has gone up but it is completely counterproductive to have such a high and variable price. Currently should be stable and predictable. There’s no need for early adopters to get rich. I just need to buy a pizza without cash.
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I started in Monero after the Canadian trucker thing. The government response was scary. In no particular order, threats that got me interested in privacy coins: 1) Able to donate money without it being blocked (examples: Wikileaks, eight-wing political activism). 2) No trace of activity that can be used against me (examples: WWII, looks like it might happen again in the near future, situation is tense post-COVID). 3…
> want to have protections against government haircuts I feel like you may have been auto-incorrected there, but I can't work out what you may have been trying to type that got changed to "haircuts".
Although to be fair those sort of manoeuvres generally mean that a bank is going under, so a % loss can be a better outcome than losing everything. It depends.
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Highly automated car manufacturing and rockets for starters.
Not to mention ridding Gotham city of crime. Sorry, damn, that was Bruce Wayne.
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To counter my argument that cryptocurrecies hasn't managed to do anything better in online payments and has been outgrown...you provide a list of things that are being done without crypto. I would love to see someone make a killer app for cryptocurrencies that isn't just breaking laws almost as much as I would love to see the credit card cartel get properly distrupted, but at this point cryptocurrency has had it's ha…
Don’t know if you noticed but the biggest currency used for crime is USD. Shall we ban it?
However, in general, I am not a big fan of banning things. I hope that the damage that cryptocurrency is causing can be reigned in without banning it, though I suspect that cross-border jurisdictional issues will make that hard. Ideally, the cryptocurrency community could come up with internal solutions to limit abuse, but that seems unlikely given current trends in that space.
I will gladly stop using Monero if someone can tell me how to privately transact over the internet without CC companies (and others) spying on me and selling my data. Until there is a better solution, I'll keep using it.
The privacy is a myth, if you want to actually use the cryptocurrency to pay for things in the real world. If you pay fiat to get monero, the exchange has your info. If you cash out monero for fiat to buy something, the exchange has your info. The wallet and transaction in chain are permanent in the ledger. So where is the privacy?
While the vast majority of today's anti-crypto articles are generally accurate, always bet against articles like this, in favor of first principles. "Anonymous-ish cash, but on the internet" is a very attractive proposition. I'd also add to that "Locking up your money to get more money later" is as well. So much so that I'd strongly bet in favor of "people figure out how to make it more efficient, safer, and less des…
> Locking up your money to get more money later Yes, there is a very simple way of offering that. Unfortunately it's currently illegal to do so in most places outside of crypto, where all of a sudden it becomes kosher as long as you can keep it wrapped in enough technobabble.
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Metadata on credit card transactions you make at a pharmacy, smoke shop, adult toy store, or abortion clinic is sold to a range of entities including government agencies, adtech firms, insurance companies. Your travel habits and times you are often not at home also can be very revealing. When this data inevitable leaks via hacks, or is used to target you when political tides change, suddenly you will be wishing we ha…
> Your data pollution empowers entities that harm us all. So does your actual pollution created by transacting in cryptocurrency.