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Joined 1 year ago
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Cake day: June 26th, 2023

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  • How is it insecure? Schnorr signatures and the txID system literally make it quantum resistant. Even if you cracked a transaction’s key, you’d only have access to already spent funds. Like a receipt instead of a debit card, with no certainty who has the money until they spend it.

    Oh, and in terms of computational waste, the fiat backed inflation based currency system we have now, has incentivized a world of endless growth which isn’t sustainable. Switching to an asset with finite supply like Bitcoin would remove those incentives. There’s other costs to using deflationary assets, but if you actually value the environment, switching to Bitcoin would economically inventivize a world where people are encouraged to save more instead of spend more


  • The recent crash was less volatile than previous crashes, and lasted half as long. There were also more factors than just the stable coin crash, there was also the FTX scandal, and silicon valley bank collapse which had ripple effects in the economy.

    Still though, the resulting crash was half as long and not as severe as previous crashes.

    I’m not saying you’re wrong about stable coins, but saying the entire crypto economy depends on that, while BlackRock has pushed the SEC to allow for Spot ETFs, is an exaggeration.

    I’m not even going to say this is a morally good thing. I hate BlackRock because they are the mainstream/institution. But that level of support shouldnt be taken lightly


  • This is an emotionally charged post, yet everyone you disagree with is secretly trying to influence everyone else? How the fuck are you going to compare people who like a type of software to literal Nazis? Anyone who relies on emotional arguments like that is clearly not a rationalist.

    How do you achieve communism without authoritarianism? This sub says they like decentralization, but if you decentralize based on computers, how do you stop adversaries from performing a Sybil attack? How do we establish command and control for a decentralized network, without letting authoritarians seize that command and control? How do you establish a decentralized identity system, without also establishing a decentralized system for data management and governance?

    Now, should a Blockchain be that? Maybe not, I’m not trying sell whatever to you. I get being annoyed by all the advertisers, but to go an extra step to say that the principles of cypherpunk is something to compare to Nazis, is just proof you care more about emotional arguments and setting narrative.



  • Ask anyone who talks shit about crypto for anything besides a meme, and you’ll still get a meme. That’s how their perception of it was established. They probably don’t know the difference between the internet and their web browser, let alone decentralized vs centralized, or all the many reasons why the economy has gone to shit the last few decades.

    But they do know memes! The same two memes that have been told since Bitcoin was priced under $10k







  • ComradeKhoumrag@infosec.pubtoLemmy Shitpost@lemmy.worldPlease Stop
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    4 months ago

    Web3 is more about smart contracts and alt coins, you didn’t address my point

    Edit: you can downvote if you like but your post objectively shows you don’t know the difference between web3 and block chain, and choosing to debate web3 instead of making changes to bank ledgers in my original post is a logical fallacy






  • I’m pretty one sided on this topic, and I’m sorry if my first comment was hyperbolic as well as one-sided. That said, Is what you’re saying:

    If Israel starves Palestinians in a ghetto they can’t escape, that qualifies as Hitler shit

    If so, then I have to ask if the process of Palestinians being forced into ghettos they can’t escape, in their own lands, qualifies as Hitler shit?

    I truly think Israel has always been this cruel. The only thing that’s changed is it’s a lot harder to hide something from the Internet.

    Also, not like 80 years of colonialism is that different from 100, but the colonies that eventually formed into the nation of Israel were called “British Palestine”. When Israel was formed in 1948, this was well after the UN had operated under the imperative that “[the recently discovered] Nukes are dangerous, but the new world order isn’t evil because we can use this power to preserve countries’ borders”

    Also, I’m not saying anything nice about the Eastern block. I hold the opinion western intervention was okay in scenarios like Vietnam, because before capitalist imperialists and even communist imperialists, there were Japanese imperialists destabilizing that region