So... are Lemmy users also generally crypto supporters?
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?
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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.
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.
It's destroying the environment with the way it works, so it's still an extremely shitty thing to promote.