shortwavesurfer @ shortwavesurfer @monero.town

Posts

25

Comments

1,560

Joined

2 yr. ago

See, you are the reason that most everybody here hates cryptocurrency. Number go up is not the reason to be in the technology. The reason to be in the technology is for human freedom and privacy and liberty. I may be mischaracterizing you, and if I am, I'm sorry. But that's how this comment comes off.

See, the real crypto people are not in it for the number go up. They are in it for the technology and the human freedom that it can bring. So we don't like those people either.

The problem is that cash suffers from the same thing that digital money does being inflation by the government, whichever government you happen to live under. Ask people in Argentina or Venezuela how good cash is. The answer is it's not. The government cannot be allowed to print money because they will abuse that power and hurt everybody.

This is what Monero is designed to fix.

Trust me, real crypto people hate those guys as much as you do.

So you are saying more than the population of the United States as money launderers because somewhere between 400 and 550 million people use cryptocurrency. I kind of doubt they are all money launderers.

So the equivalent of the population of the United States plus 40% are money-londerers. Because somewhere between five and seven percent of the world's population uses cryptocurrency and that's 400 million to 550 million people.

Buying groceries. Personally, I guess I don't need an anonymous cryptocurrency, but why wouldn't you have an anonymous cryptocurrency? That would be the equivalent of letting everybody in the world see your bank account and your withdrawals and deposits. And who would do that? That and while people would like you to believe otherwise, you still have a right to privacy.

Haveno is the base software where Haveno-reto is the live network based on it. Currently they have to fork it and put keys directly into the source code to be able to change networks, although that should be fixed in a future update.

https://monero.town/post/3143272

Which is why Monero's proof of work algorithm ends up being better than Bitcoin. Because for a data center with tons of computers, it makes more financial sense to do something else with the machines rather than mine. But for a home user, it makes tons of sense to mine and get the heat to subsidize their electricity bill during the winter.

So if I have nothing, why are people willing to give me things for it?

Yes, but they are also quite a bit easier to take over and destroy because governments can just print their fiat and buy up a large amount of that currency and then kill the network.

Sure, you can't buy energy with crypto directly yet. But that would make total sense for a power company to accept crypto in the future.

Oh my, this one is really bad, LOL.

Fair enough, that should be a point in its favor though, at the very least. Our entire banking system runs on closed source proprietary software that people cannot inspect for vulnerabilities on generally closed source operating systems that people cannot inspect for vulnerabilities.

Being open source is a big deal.

Coinsbee.com allows you to purchase debit cards, which you can then use to purchase kilowatt hours.

Exactly. In Linux, he is God. In the rest of the world, he's just your average dude. It doesn't matter what he thinks.

Depends on who the 7-11 cashier is. If they are really smart, they would gladly take your crypto and pay for your items with their fiat. You are not going to get big places using it first. You are going to get little places using it first. The Amazon's and 7-11's and Walmart's of the world will come later. And trust me, they will come. There's a natural tipping point apparently, where when 5% of the world population uses something, the other 95% generally soon follow, because it's more useful. Crypto has already hit that 5% mark.