this post was submitted on 13 Aug 2023
69 points (94.8% liked)
Privacy
29869 readers
1638 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
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
Chat rooms
-
[Matrix/Element]Dead
much thanks to @gary_host_laptop for the logo design :)
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
the idea of decentralized currency is great and has merit, but the most current iteration got hijacked by a bunch of con artists.
And most of them aren’t anonymous at all. You can correlate transactions pretty quickly, because every transaction is on the chain. You can track where every bitcoin went. As soon as you break one link you can follow the chain.
Good luck doing that with cash.
Blockchain has a few - really only a few - somewhat compelling use cases. Currency isn’t one of them.
Monero solves all these problems, it's the closest we have ever gotten to digital cash.
It's untrackable. Nobody can see what you spent, and what you have. It's private
It's fungible. Each unit has no history, so it can't be tainted, a dollar is a dollar is a dollar. Applies here
If you hold your own wallet, which you should, you don't have the risk of an exit scam. Because you're holding your own coins. What's the expression, not your wallet not your coins?