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Things like this where companies reinvent traditional payment processing “but with crypto” is the antithesis of what crypto used to stand for. As a former beli
by rank0 5y ago
Things like this where companies reinvent traditional payment processing “but with crypto” is the antithesis of what crypto used to stand for.
As a former believer in the original goal of private p2p digital cash, I am saddened by what crypto has become in practice.
Crypto is just centralized as the traditional financial system.
Oh and nobody actually uses it as a currency. I feel like I’m one of few who’s actually purchased goods/services.
- jazzkingrt 5y agoThere are still crypto projects whose primary focus is privacy (eg monero). But unsurprisingly, it's difficult to spend that money without going through a KYC process. I think the "dream" of truly private transactions was always unrealistic. Governments have many tools at their disposal to get what they want. Even cash is only so private. In the USA cash purchases over $10,000 require a report to the IRS.
- rank0 5y agoMonero is my favorite crypto project and the only token I still use today. Their randomX pow protocol is brilliant and the anonymity is opaque as you can get! Requiring those huge memory pages for efficient mining is a great solution for deterring mining botnets. > I think the "dream" of truly private transactions was always unrealistic. Governments have many tools at their disposal to get what they want. Unfortunately you may be right. I sure hope not.
- nprateem 5y agoParticl.io has built a marketplace for this. It hasn't taken off yet but the 'dream' seems to be their dream too