I like Monero. Not a shitcoin, used by people and its private.
Other than Monero, I don’t think other cryptocurrencies are usable. Even BTC, ETH. Wallets should be private. Bitcoin doesn’t protect you from government.
Exactly, it’s a speculative asset based on the greater fool theory
oversea@lemmings.world
on 29 Jan 2024 00:31
collapse
The same can be said about your goverment issued currency. People in venezuela holding fiat are instead the fools. You can argue that you are not in venezuela, but you do not get bitcoin when your countries become one but before. In many cases, you are even banned to exchange your goverment issued papers for bitcoin when that already happened.
People live under different governments, bitcoin gives them the option to hedge against the risk they see.
dantheclamman@lemmy.world
on 29 Jan 2024 04:16
nextcollapse
Monero’s POW algorithm is very different from most others tho because it brings in randomization, which makes it way more efficient to use a CPU instead of a GPU and distributes what miners mine, making powerful systems get less and slow systems get more.
Didn’t expect the “privacy is only for criminals” take here
BloodSlut@lemmy.world
on 29 Jan 2024 14:46
nextcollapse
i like banano because its a memecoin where the proof of work is distributed computing for medical research
dantheclamman@lemmy.world
on 29 Jan 2024 19:56
collapse
That is interesting and seems much less wasteful! I have thought often of my time in the 2000s using my PS3 for Folding@Home. So many processor cycles being wasted on nonsense right now
threaded - newest
I like Monero. Not a shitcoin, used by people and its private.
Other than Monero, I don’t think other cryptocurrencies are usable. Even BTC, ETH. Wallets should be private. Bitcoin doesn’t protect you from government.
.
Savings that goes up and down and up and down worse than the stock market.
Exactly, it’s a speculative asset based on the greater fool theory
The same can be said about your goverment issued currency. People in venezuela holding fiat are instead the fools. You can argue that you are not in venezuela, but you do not get bitcoin when your countries become one but before. In many cases, you are even banned to exchange your goverment issued papers for bitcoin when that already happened. People live under different governments, bitcoin gives them the option to hedge against the risk they see.
Any proof of work coin is a no go for me
Monero’s POW algorithm is very different from most others tho because it brings in randomization, which makes it way more efficient to use a CPU instead of a GPU and distributes what miners mine, making powerful systems get less and slow systems get more.
It’s still an entirely pointless waste of energy for digital drug money.
Didn’t expect the “privacy is only for criminals” take here
i like banano because its a memecoin where the proof of work is distributed computing for medical research
That is interesting and seems much less wasteful! I have thought often of my time in the 2000s using my PS3 for Folding@Home. So many processor cycles being wasted on nonsense right now
Name me a private POS coin like Monero, I’ll use it.
Transparency of a financial system is also a feature.
Because he’s been dead since 1741.
Same barely thought out takes as usual.