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People really need to learn and use the best practices of the crypto asset economy, or none of that will matter!
by vmception 4y ago
People really need to learn and use the best practices of the crypto asset economy, or none of that will matter!
- djbusby 4y agoWhat are those practices? Offline wallet? Buy&Hold? Diversify?
- vmception 4y agoPrimarily on how to gain privacy benefits. When and where to use a temporarily trusted environment. When a sanction can still result in your asset being seized (or become illiquid) without due process, or with due process, and when you can circumvent it entirely. This stuff was detailed 10 years ago before it was tested by governments. But the user experience improvements simple have neglected those directions.
- schmookeeg 4y agoYeah I'll be more impressed (concerned?) when one of these nations declares Monero or some other explicitly privacy-oriented coin as their new currency.
- vmception 4y agoIt would be more interesting for sure but dedicated privacy tokens have too low of a marketcap, for now. Bitcoin is decent with Taproot+Schnorr and Lightning and bridges but you really need your own nodes and Tor. Ethereum with Tornado Cash is okay, you still need Tor OR your own locally hosted node there, as unlike Bitcoin, Ethereum nodes don't know which node saw a transaction first which means privacy. But if you send your transaction to a datacenter then lots of people in between know you did. The bridges let you access the Ethereum and EVM ecosystem.