So... are Lemmy users also generally crypto supporters? (lemm.ee)

submitted 1 year ago by justdoit@lemm.ee to c/asklemmy@lemmy.world

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Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?

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[-] Eufalconimorph@discuss.tchncs.de 33 points 1 year ago

Hell no.

They're almost entirely scams. I don't support tricking people out of their money.

They also ruined crypto as an abbreviation for cryptography, and spam every cryptography-related discussion forum. Even the NIST post-quantum standardization list has been getting their spam.

[-] CheeseAndCrepes@lemmy.world 5 points 1 year ago

Just a legal pump and dump and a great example of why we let the SEC regulate markets.

[-] specfreq@lemmy.world -1 points 1 year ago* (last edited 1 year ago)

What about Monero? It seems to be the only one that gives a shit about anonymity and privacy.

https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=1b23b46485cc

[-] sotolf@programming.dev 8 points 1 year ago

It's destroying the environment with the way it works, so it's still an extremely shitty thing to promote.

[-] Eufalconimorph@discuss.tchncs.de 3 points 1 year ago

Monero's ring signatures are an actually interesting bit of cryptography. And it does provide a real benefit (private transactions) that other payment systems don't. Of course that means it breaks all the anti-money-laundering laws to exchange money to/from Monero, but it's less of a joke than the rest. Still PoW though, so inherently destructive and not something I'll support.

[-] sotolf@programming.dev 2 points 1 year ago

It's destroying the environment with the way it works, so it's still an extremely shitty thing to promote.

this post was submitted on 06 Jul 2023

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