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Of course it is lower! You have plenty of rich people living in known places without any special security and no one comes to kidnap them because they cannot ju
by mijamo 1y ago
Of course it is lower! You have plenty of rich people living in known places without any special security and no one comes to kidnap them because they cannot just send over their whole wealth in an irreversible transaction in a second.
The problem is not to know who has money, it is a system in which it is trivial to transfer it without any supervision and without any way to go back.
- dandanua 1y ago> it is a system in which it is trivial to transfer it without any supervision and without any way to go back And somehow they praise it as a solution to all world's problems.
- akimbostrawman 1y agoWho is this they? cryptocurrencies and there users are a highly fragmented ecosystem. Ofc if you only listen to the most obnoxious superficial corners you will find conmen like in any community involving finances. cryptocurrencies solve real world problems but like any technology also have drawbacks.
- olelele 1y agoWhat real world problems?
- akimbostrawman 1y agoCheap and fast decentralized exchange of value without middle man and financial independence from banks and countries. With the right cryptocurrency also private and anonymous.
- akimbostrawman 1y agoCorrect which means it's even more important for that currency to be not public but private and even anonymous.
- 0dayz 1y ago... Which means an even easier time for ransom criminals?
- akimbostrawman 1y agoJust like encryption and cash. You wanna ban or discourage its use too? Bad people can do bad things with good technology but that doesn't mean good people shouldn't use and benefit from that technology. I would think someone on HACKERnews would agree.
- 0dayz 1y agoIronic your name is "strawman" when you constructed one. And this has nothing to do whenever the tech is good or bad, this is literally about how "untraceable" tech will make it easier for criminals to turn the supporters into helpless victims. Since the irony is with your absolutist argument that it goes the other way too, if we have a proper surveillance state for instance there would be clear and obvious benefits to this; however this doesn't mean that these benefits outweighs the negatives far from it, hence why a lot of the tech that are raising concerns is being discussed and tested out to see how far we can create a better world while not forsaking said tech. The question about crypto isn't can it keep the feds from auditing it, it's whenever or not it's worth having an anonymous currency given all the implications, risks and general problematic aspect of it outweighs the benefits of it. So far it seems that people have moved away from crypto due to that reason, and instead it's mostly seen as a speculative market.
- akimbostrawman 1y agoIts a adhominem trap and you fell for it. None of the things I said was a strawman, your comments obviously implied if there even should be anonymous money which you doubled down here. >it's whenever or not it's worth having an anonymous currency given all the implications And I think it is worth the same way privacy or autonomy is worth the "risk". Maybe you should ask people in less safe and stable countries if they trust there state with there money or people in unsafe environments auch as abuse victims, journalists, whistleblowers or activists. "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." >So far it seems that people have moved away from crypto due to that reason, and instead it's mostly seen as a speculative market. I'm talking about crypto where the word currency means something not speculative assets like with btc. And those i can assure you are doing better than ever regardless what opinion you or anybody else has because they are, by design, censorship and tyranny resistant. the hacker spirit.