"There is only one thing cryptocurrency is good for" https://youtu.be/J9nv0Ol-R5Q?t=1986
It's from author's lecture.
Why All Cryptocurrency Should Die in a Fire
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Re: Why All Cryptocurrency Should Die in a Fire
#52I 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.
I understand this privacy argument - but I'm wondering what the practical downside is of this "spying"? I've been using credit cards online for decades and I am yet to encounter anything negative from doing so. I get that my credit card provider knows that I'm buying £X of goods from merchant Y. But unless that merchant is very specific, the card company doesn't know what I've bought. And, if it did... so what? Perha…
Have you ever needed to buy something illegal?
Re: Why All Cryptocurrency Should Die in a Fire
#53Re: Why All Cryptocurrency Should Die in a Fire
#54Re: Why All Cryptocurrency Should Die in a Fire
#55I 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.
I understand this privacy argument - but I'm wondering what the practical downside is of this "spying"? I've been using credit cards online for decades and I am yet to encounter anything negative from doing so. I get that my credit card provider knows that I'm buying £X of goods from merchant Y. But unless that merchant is very specific, the card company doesn't know what I've bought. And, if it did... so what? Perha…
The main real world problem is when your business isn’t able to use the credit card system. Adult/nsfw services and weed stores are the obvious examples. But I can imagine many more coming up over time.
Re: Why All Cryptocurrency Should Die in a Fire
#56The article starts out with:
"The crypto world went into a full meltdown this week"
I don't know. Look at a chart of Bitcoins price on a log scale:
https://twitter.com/JonathanBeuys/status/1524810429884661761
To me, it does not look any different then it has looked for the last 10 years. Its a slowing exponential growth with a certain volatility. Nothing seems to have changed in the last week.
Re: Why All Cryptocurrency Should Die in a Fire
#57Re: Why All Cryptocurrency Should Die in a Fire
#58The world needs decentralised assets. It’s the internet of money.
Some are shitty, some are not.
Monero and Algorand are two good examples. The latter carbon negative.
Re: Why All Cryptocurrency Should Die in a Fire
#59The article starts out with: "The crypto world went into a full meltdown this week" I don't know. Look at a chart of Bitcoins price on a log scale: https://twitter.com/JonathanBeuys/status/1524810429884661761 To me, it does not look any different then it has looked for the last 10 years. Its a slowing exponential growth with a certain volatility. Nothing seems to have changed in the last week.
This is correct but the comment was about “the crypto world” which is no longer limited to BTC
Re: Why All Cryptocurrency Should Die in a Fire
#60This guy calls Elon Musk a "walking talking Dunning-Kruger syndrome". That's the level of discourse you can expect from him.
Writing someone’s entire being off because they have a one liner you don’t agree with is kinda small minded, isn’t it?
In my experience it feels like people have more hits than misses given enough chance, even those you disagree with /shrug