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No, I did not mean to come off as trolling at all! https://news.ycombinator.com/item?id=30441804 https://news.ycombinator.com/item?id=30441804 Someone was argu
by conradev 5y ago
No, I did not mean to come off as trolling at all! https://news.ycombinator.com/item?id=30441804 https://news.ycombinator.com/item?id=30441804
Someone was arguing that we should reject a cashless society, and I was making an argument that it is impossible to do at this point.
The only solution is to have a digital currency as close to cash as possible.
Ethereum (on its own) does not meet this requirement. It is perfectly fungible, but still has a global ledger that can be used to track transactions. It is important that people move to standard L2s that don’t have a record of every transaction.
Bitcoin is actually not fungible in the first place. The Lightning network does provide transaction privacy, though.
By “no global ledger” I should have clarified: there might be a need for a global ledger, but it should be missing all consumer transactions.
- xanaxagoras 5y agoThoughts on Monero? I liked it the best when I started looking into crypto, but with so much momentum behind bitcoin I just kind of went down that path instead.