this post was submitted on 06 Aug 2023
349 points (90.5% liked)

Privacy

32109 readers
839 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Mandy@beehaw.org 6 points 1 year ago (2 children)

since when has crypto ever been private, it literally advertises itself with the fact you can track every single purchase anyone has ever made by simply knowing their wallet adrress

[–] Contend6248@feddit.de 2 points 1 year ago (1 children)

It's frustrating how long this myth lasts

[–] Mandy@beehaw.org 0 points 1 year ago (1 children)

where did the money go than, im all ears

[–] Contend6248@feddit.de 0 points 1 year ago (1 children)

It might have not been clear, but i'm on your side with this

[–] Mandy@beehaw.org -1 points 1 year ago

sure, but where did it go?

[–] itchy_lizard@feddit.it 0 points 1 year ago (1 children)

Nope, read the Bitcoin white paper. But that was an old coin with some issues that are clear in hindsight and have been fixed in prkvscy coins like zcash & monero.

[–] Mandy@beehaw.org 1 points 1 year ago (1 children)

even if that claim is true, crypto is still hot garbage that never has done any good to the world what did crypto actually do that was positive, something that isnt some esoteric cryptobro bullshit can you actually, genuinely tell me one, hell, two things crypto actually does that is good?

and please dont come at me with financial security or freedom, cause that is a bunch of baloney

[–] andruid@lemmy.ml 1 points 1 year ago (1 children)

Provided an alternative reserve currency that isn't controlled by countries clearly trying to gain economic domination over smaller nations.

[–] Mandy@beehaw.org 2 points 1 year ago (1 children)

Not controlled by countries and also making it so extremely volatile that it can loose its value literally in seconds

[–] andruid@lemmy.ml 1 points 1 year ago (1 children)

It's that there is significant institutional support to keep the current monitory regime in power. There have been plenty of volatile state controlled currencies too.

[–] Mandy@beehaw.org 2 points 1 year ago (1 children)

You so realize how Looney you sound right

Name me a single currecny that has ever been able to loose its value in literal seconds, just one, go on ill wait

only your fake funny code coins are able to that arent they

[–] andruid@lemmy.ml 1 points 1 year ago (1 children)

To be honest I don't know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.

Again there work towards that happening hence why there is some stability.

[–] Mandy@beehaw.org 0 points 1 year ago (1 children)

lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously? it just takes one person with a lot of them to tank its value in seconds

"pegged" currency as youd like to call it cant be crashed that easily nor that fast

[–] andruid@lemmy.ml 1 points 1 year ago (1 children)

Currency pegging is a term in monetary theory. Stable coins are examples of currency reserves in the crypto space.

[–] Mandy@beehaw.org 1 points 1 year ago (1 children)

sure, except there are no stable coins, when, again, all of them can be crushed in a matter of seconds

[–] andruid@lemmy.ml 1 points 1 year ago (1 children)

Again no, stable coin is a term, but I see how it could be confused. It's in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.

[–] Mandy@beehaw.org 1 points 1 year ago (1 children)

i am aware, yet i have yet to see a single one actually stay stable and not crash than again, im not a crypto gal and making sure i never will be

[–] andruid@lemmy.ml 2 points 1 year ago

That's fair while they do have statically more stability then the crypto they are pegged too they are still more volatile then USD. It would be interesting to see the reserve size to volatility ratio of different currencies to see how they compare.