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I use crypto every day and I'll continue using it for the years to come. That is, until it's completely banned along with cash, and the totalitarian surveillanc
by 18amxn18 4y ago
I use crypto every day and I'll continue using it for the years to come. That is, until it's completely banned along with cash, and the totalitarian surveillance dystopia of the future has a complete grip on citizens everywhere.
Then we will look back on this era and wonder what the heck people were thinking.
- cyanydeez 4y agoThat's a quaint view of reality. Cryptocurrency isn't saving anyone from dystopia.
- atemerev 4y agoThis is because you are not living in one. A significant part of Ukrainian (para)military logistics now runs on crypto.
- CapricornNoble 4y agoYes, crypto is heavily used by the Ukrainian national defense effort, including in other ways that I can't clarify at the unclassified level. What always amazes me is the crypto-haters who speak so authoritatively about how crypto is bad/useless, while being borderline clueless about how it's used in the real world.
- cyanydeez 4y agoYou'd find more support with sources
- CapricornNoble 4y agohttps://www.csis.org/analysis/cryptocurrencys-role-russia-ukraine-crisis https://www.csis.org/analysis/cryptocurrencys-role-russia-uk... ^This will have to suffice. I've read juicier reports but they are SECRET//NOFORN. You'll have to take my word for it that the Ukrainians are using web3 payments for some...surprising activities.
- 18amxn18 4y agoI live in an authoritarian thirld world country and I can say it's a godsend. But yes, it's only a temporary workaround and I'm seeing the trainwreck in slow motion.
- verdverm 4y agoRealize that blockchains are not anonymous and that you are putting your financial history on a public ledger for anyone to view and abuse... Are you aware of this? If not, you might consider googling "molly white blockchain abuse"
- 18amxn18 4y agoI am aware. However, it's not a big deal for me because I use different wallets and sell to individuals locally, in cash. Sad that Bitcoin didn't start with the Monero obfuscation/fungibility technologies.
- verdverm 4y agoThe original Monero was shown to be flawed in this respect, maybe they have gotten better since then (in theory)? I'd expect chains like Monero and Zcash to fall into the same camp as Tornado Cash, just a matter of time
- 18amxn18 4y agoYep. In a longer timespan, Bitcoin as well. And then cash.
- verdverm 4y agoCBDCs will become the norm, the vast majority won't notice the change from what they do today. China is already blazing this trail though I expect the western version to be much different, more of a public/private partnership and a rise of thin banks.
- randomran01234 4y agoThis is why Tornado Cash was built, to provide privacy. But oops, government does not want you to have that freedom. Users are now forced to mix with a centralized service at cost of giving up privacy to them.
- matchbok 4y agoI suggest you stop reading conspiracy books. Crypto isn't failing (and has no future) because of some shady conspiracy. It's failing because it's a bad idea that wastes energy. It's usage as a currency will never, ever happen. It's just fundamentally flawed.
- 18amxn18 4y ago> as a currency will never, ever happen Eh... I use it every day. And I'll continue doing so.