It’s a weapon like any other. Maybe you’re iffy on the name, but suicide drones are just another way to attack specific targets, like missiles but far more precise. What is evil about having a remotely controlled aircraft hit an enemy position as opposed to artillery, bombs or gunfire hitting enemy position?
Ideally you would want laws to reflect morality. If drugs became legal, monero would no longer be useful for buying them, if that’s what you’re talking about.
You have no idea what that phrase means.
The “immutable” I’m talking about here is not in the sense of “immutable OS”, but rather immutable like punched cards. You literally needed to punch another set of cards if your program contained a bug. You need to create another smart contract to replace your buggy program. Paying gas fees for it.
umber of crypto services (including Monero) that offer a middleman type service to allow you to spend XMR and have a business get fiat.
So you buy Monero with fiat, just to convert that Monero to fiat again, so the vendor can receive fiat? What for?
There are plenty of stable coins that are stable, such as USDC.
For now. All the stable coins that failed were stable until they weren’t. What incentive is there to actually providing that kinda service, if you won’t make money with it?
Ethereum exists to allow for programmatic transactions (ie: you pay a program to do something, and it’ll get done)
NFTs. SAY THEIR NAME
And remember what a resounding success Wolf Game was? As a hobbyst programmer I can tell you there isn’t an idea dumber that putting code into something immutable, that you have to destroy, create anew, rename the new thing you made to the old one, while paying for each step of the process, just so that you can fix a bug is a terrible idea.
It’s pretty natural that what ended up being contained in those smart contracts was links to jpegs - it’s much harder to mess that up than an actual interactive program.
I have too many people hammering me with comments to respond to all your points. I spend like an hour writing responses to you goobers, unless I see something really stupid I’m not responding any further.
So a quick round: 3&6 social engineering is far more common than simply hacking your account. So no, it’s the opposite. Also, 6- completely false, why do you think they avoid using bank accounts?
5- I gave you an example where someone would know your identity - if you’re using it in a non-anonymous context, like getting paid. It could also be the case when buying something, with your name/delivery address. Unless you go off chain, there is no point of setting up new accounts, as transactions can be traced and connected to the intermediate accounts.
4- Financial policy is decided by elected representatives. Corruption is an issue, but in crypto it’s built-in.
Theatge amount of energy you mention is really only relevant to proof of work. You’ve mentioned proof of stake etc - so you should know that. The energy requirements for “proof” techniques such as PoS is negligible
It can’t compete with payment processors. Proof of stake is also basically just oligarchy, while proof of storage is a waste of hardware. All of them center their validation process on big money investors, who either have a lot of hardware or a lot of money to stake.
Although, I don’t know of anyone that gets their salary into their crypto wallet.
So it would be useless for things normal money is useful for? Where’s the revolution in banking that I heard about? Banking the unbanked?
Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero).
Here you provided users privacy at the cost of making criminals completely untraceable. Bravo.
How about a bank account, where people who know you won’t know your transaction history but police can catch people participating in organized crime?
I don’t think crpyto will solve all of.humans problems, but I might just help with some
Which ones? I have not heard of one use case, only excuses from you guys.
My point is there isn’t any other usage to it. People won’t use Monero for buying their groceries or online shopping, but its nature lends itself to being used to commit crimes. Cash at the very least has serial numbers - you could possibly track that.
The reasons why it isn’t suitable to be used as a currency are exactly what I listed, and you failed to interrogate: volatility, lack of consumer protections, anonymity for wrongdoers, extremely high transaction fees and energy usage, consensus protocols favoring big money and the inability to perform even a basic rollback without splitting the entire economy of your chain in twain.
With e-commerce, you could have someone send you some coins and then not deliver the product. What are they gonna do, get a non-existent chargeback?
In the first sentence reiterated insults
Nope. Just pointing out how the feature Monero boasts about (transaction obfuscation) made it a great pick for the conversion target for the ransom bitcoins obtained from the WannaCry cyber attack.
Edit: Are you refering to my first or second comment? In my inbox I assumed the second, since you said “reiterated”, but now I see you responded to my first one. Also, all the insults here are warranted. The future cryptobros want for finance is a dystopian one.
Ah yes, Monero, from the WannaCry incident, the premier currency for criminals. Also I’ve made a detailed list of points and most of them (except 1, which is about stablecoins and 5, which only half-applies) apply to Monero. It’s still proof of work, so it wastes energy, it still destroys consumer protections, is perfect for scams and makes it even harder for authorities to pursue criminals. And it is still a bigger fool scam, despite being useful for criminals.
“a trading card site and two unlicensed online banks went broke so you’re stupid for buying Cisco stock” right after the dot com crash.
Ftx was one of the largest exchanges for the whole of the crypto market. This is like Goldman Sachs, Wells Fargo and Deutsche Bank all going bankrupt and their execs sentenced to prison at the same time.
(There are no major licensed crypto banks btw)
Addendum: Cisco is a company that offers products and services. Crypto is used by criminals and speculators.
You have to be quite stupid to support crypto in 2023, after Luna, Ftx, NFTs, all the rugpulls and explicit pump and dumps, you morons just keep coming back for more. That last paragraph is pure comedy gold - you’re so close to self-awareness it’s hilarious.
People are becoming more conscious of stuff plenty of us have been aware for quite some time already. The idea that a browser made by a corporation who harvests your data for the purpose of advertising doesn’t give a shit about privacy and will try to block adblockers is not something some people weren’t expecting - but normies are getting this shoved in their face with YouTube giving them the anti-adblock notification.
Firefox (and it’s clones) is basically the only other choice - all the other (major) browsers (that aren’t Safari) are based on Chromium, which is developed by Google.
Traffic jams and cost. You can’t be this stupid, can you? I literally pointed out buses take up less space and use less energy. Why ask your question as if I hadn’t pointed out the negatives of your solution compared to buses (or other public transit vehicles).
Also, it’s not quiter or cleaner, since more cars = more noise compared to one bus (you can’t consider the vehicle without considering it’s capacity), and you generate a lot more pollution (rubber tires produce a lot of particles, and you have more vehicles and more tires with taxis). So stop lying.
The reason people in cities with proper transportation don’t worry that much about getting a bus directly to their destination is that the network is comprehensive enough to cover all manner of trips, from any one point in the city to another. Same with frequency, if it’s arriving in less than 5-10 minutes it doesn’t matter when exactly it arrives.
And I don’t expect most rides to be single occupancy. People will opt for shared rides if they are substantially cheaper,
Bus. That’s called a bus. It can also fit more than five people and doesn’t use as much energy to transport each person. You just reinvented a shittier bus
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Making paper? Capitalizzum. Marx would have cried if he heard people equate economy and production with capitalism.
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