Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?
Hell no.
They’re almost entirely scams. I don’t support tricking people out of their money.
They also ruined crypto as an abbreviation for cryptography, and spam every cryptography-related discussion forum. Even the NIST post-quantum standardization list has been getting their spam.
Just a legal pump and dump and a great example of why we let the SEC regulate markets.
What about Monero? It seems to be the only one that gives a shit about anonymity and privacy.
https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=1b23b46485cc
It’s destroying the environment with the way it works, so it’s still an extremely shitty thing to promote.
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So the monero web page is lying?
Or are you just lying trying to make a point without having a clue about what you’re talking about?
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Monero’s ring signatures are an actually interesting bit of cryptography. And it does provide a real benefit (private transactions) that other payment systems don’t. Of course that means it breaks all the anti-money-laundering laws to exchange money to/from Monero, but it’s less of a joke than the rest. Still PoW though, so inherently destructive and not something I’ll support.