- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
OC by @[email protected]
I know there are plenty of software missing from here. This is just a fun infographic I made, no need to take it seriously :)
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where qubes
TFW your privacy setup is so good Anubis blocks you :(
Monero is more about polluting and money laundering than privacy.
There is some privacy in it, but it’s overshadowed by the other things.
It’s an actual currency. A cryptocurrency. A private cryptocurrency.
USD stopped being a currency a longer time ago than your birth. One person tried to fix that and was infamously shot in the head for doing that.
It’s literally negative value. Everyone has been tricked into thinking it has real value. The longer they accept this and don’t want something that is actually real, the less their…whatever…continues to be real. You can really play Ledger and trick the Talisman of Fraud to doing and being actual value in a given scenario but that don’t chain through the item itself which sheds it off the moment it leaves your hand.
The privacy bothering you invites the thorough explination by George Orwell and many others. Like a Real Magick ritual. You will lose all privacy and unable to regain it. Your soul, should you have any left, will be a slave for the angels you slaughtered way back in the day.
You thought death ended anything you thought life was. Figure it out before they abuse your very unendable existence, unendably.
We don’t use USD here. Even so, USD isn’t as bad a Monero, there’s even privacy when using cash.
I don’t think you know what you are talking about. I don’t think you read very well. I’m not trying to insult you. I am not sure exactly what you are actually trying to say. Monero is the only crypto with real Privacy. Literally every other CC that tries to say they are any kind of privacy is lying. IF they’re closed source, don’t even mention them to me because I’m not here to educate you on how to use a computer with any sense of self respect. I don’t think you understand what I really mean to say about the USD anyway. Check my soon to be posted thread.
I don’t doubt Monero has decent privacy. I may have been cryptic in my latest reply, sorry.
My point is, privacy isn’t the only thing that matters. IMHO a decent currency/payment system shouldn’t cause signifiant harm through pollution. Also it shouldn’t make it too easy to launder large amount of money, which undermine taxing/funding of things which keep society working (infrastructure, school, public health, research…).
Fiat has downsides, but all things considered it seems better than crypto. And it’s possible to have privacy with fiat by using cash, so it’s not as if only crypto allowed some privacy. There is also project GNU Taler that may one day provide decent privacy for online fiat payments without facilitating money laundering.
Do you know of concrete plan/solution on the horizon to solve or mitigate Monero’s problems? You might not consider those big problems, but those are absolute deal killer for many.
Not disagreeing with you, but it’s a double edged sword inherent to any privacy-focused system. Tor grants journalists and political dissidents access to the broader world anonymously, but is also used by darknet markets to sell CP and illicit drugs.
Privacy coins like monero allow people to spend money anonymously to purchase VPNs or prepaid phones without state actors knowing, but also enables money launderers to do what they do.
And of course there’s the pollution problem you mention with any proof of work cryptocurrency, but at least Monero’s is more efficient that Bitcoin.
Again not defending cryptocurrencies or discounting your thoughts just wanted to tack on to it.
Somebody please tell me what’s up with Monero. I thought it was some kinda cryptocurrency? In what way does it avoid or mitigate any of the overwhelming number of problems those inherently have?
Here’s a laundry list, since you didn’t specify which concerns you have:
- unprofitable to mine in farms, so fewer environmental issues
- creates a ton of fake transactions to screw with the public ledger to protect your privacy
- variable sized blocks, which keeps fees low and reduces transaction time
- pretty stable, so pump isn’t really a thing
- not as popular as bitcoin or Ethereum, so traditional scams to steal your coins aren’t as successful (also attracts more sophisticated users)
- less of a target for speculation, so the currency is reasonably stable
There are some downsides of course:
- due to privacy features, it’s attractive to criminals, so many countries block direct transactions with fiat (need to trade some other crypto for it)
- to maximize privacy, it’s strongly recommended to use your own node (boy required though), which can raise the barrier to entry
- it’s even harder to find vendors that accept it vs other cryptocurrencies
Monero does seem to be the best cash replacement though, since it preserves most of the privacy-relevant features of cash.
It’s essentially the only cryptocurrency that has privacy, so is good for paying for VPNs and such.
Others like Bitcoin are not private and your transactions are visible.
I’m not a crypto expert, but from what I know it’s one of the few currencies that have no kyc (know your customer) in order to use. The whole point of it is to have completely anonymous transactions and untracable/unmarked currecy. I used it once to buy a month of Mullvad vpn just to see how it works. I bought a giftcard with cash, traded the gift card for monero on a somewhat sketchy site, put the monero into an XMR wallet, and used the Monero to buy the vpn with wallet keys. It was a fun experiment but it was just too much time and effort to do it the right way to warrant using it 24/7
It’s not about KYC. Monero would have KYC like any other cryptocurrency. Its that the transactions are encrypted.
Essentially what the other person said, but KYC depends on the marketplace. See getmonero.com. XMR allows for merchants to skip KYC, which other cryptos don’t do
Its my understanding that KYC is not inherent to crypto but only to exchanges such as kraken or coinbase. Tax regulations necessitate KYC, not the technical requirements of the underlying asset.
Pretty spot on. Love the hipaa reference
