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We know that it is much, much worse than the banks.
by nyeah 3mo ago
We know that it is much, much worse than the banks.
- Cider9986 3mo agoFrom a privacy and freedom perspective, crypto in general is a big improvement on banks. Monero is the perfected implementation of cryptocurrency. Banks hold your funds, lock you out of accounts, file reports on you, share every transaction with the government, scam you in interest, ask you what your using your money for, require invasive services to use their apps, require invasive biometrics, hoard your identity data and sell it, target ads to you, close your account if you're deemed to be high risk, implement atrocious security.
- nyeah 3mo agoI'll pick one incorrect claim out of many: Public ledger systems have no privacy at all, by design. You can hope nobody knows which wallet is yours, but that's not serious privacy. Today that's not even really hide-it-from-your-kid-brother privacy.
- Cider9986 3mo agoI expressly mentioned Monero, which doesn't have a transparent ledger. It's fungible, like cash. Even Bitcoin is pseudonymous, so definitely has cons in terms of privacy compared to banks, but also benefits. Monero is completely private. What are the other errors in my critique of banks? Will you explain how Monero is worse than banks?
- nyeah 3mo agoYou claimed: >crypto in general is a big improvment on banks I responded to your claim. If you feel you can defend your claim, go ahead. If your only response is to change the subject, ok. That's your call.