Fake criminal money more legit than government money. One day I woke up to the news that all my deposits are frozen indefinitely, that I am not allowed to carry cash abroad, and that I am not allowed to get bank accounts or transfers from any foreign institutions. .Thank fuck for crypto and that I had some. It literally saved my life, so yeah, fake criminal money by a long shot for me.

[–] CanadaPlus@lemmy.sdf.org 1 points 20 hours ago

Selfhost instance on .ru

Checks out. Hows the outlaw life?

[–] CanadaPlus@lemmy.sdf.org 1 points 21 hours ago* (last edited 21 hours ago)

Fake money for criminals is unironically a decent addition to the world, although it's coded in a really dumb way. Plagiarism machine is overhyped right now, but it also has some legit uses.

So, the poll actually seems about right.

[–] QuantumStorm@lemmy.world 14 points 2 days ago (1 children)

I miss when that was what the fake money was for instead of the bullshit broligarch grift.

[–] CanadaPlus@lemmy.sdf.org 1 points 21 hours ago

Bubbles always burst eventually, just wait for it.

Although, without the grift, it would be super illegal, so should we really complain?

[–] WhyJiffie@sh.itjust.works 4 points 1 day ago (1 children)

I demand privacy, so I'm a criminal anyways

[–] Bluefalcon@discuss.tchncs.de 2 points 1 day ago (2 children)

Crypto is not privacy.

[–] CanadaPlus@lemmy.sdf.org 1 points 21 hours ago

Depends how you use it. And which coin - before Q day comes Monero is pretty private, but Bitcoin is transparent.

[–] WhyJiffie@sh.itjust.works 3 points 1 day ago (1 children)

depends. not universally, that's right. don't buy dogecoin for privacy.

[–] TotallyWorthLife@lemmy.world 3 points 1 day ago* (last edited 1 day ago) (2 children)

Also depends on your definition of privacy. Some people confuse privacy (not seeing what you do) with anonimity (not knowing who you are).

Public blockchains (like BTC) have zero privacy, as everyone sees the transactions and balances, meanwhile private ones (like XMR) supposedly avoid anyone but two people in a transaction to know that transaction happened, or even to know each other's balance.

In both cases, I would say you are as anonymous as your way to turn the coin from/into fiat is (P2P, KYC or non-KYC platforms, etc.).

Like with AI, I like crypto as a concept, but the practice... (specially the resources both consume for what little benefit they end up having)

[–] Impractical_Island@lemmy.world 2 points 22 hours ago

I also do PCP and other Durango Morrison drugs as heist forbid

[–] prole@lemmy.blahaj.zone 3 points 1 day ago (1 children)

You can swap Monero with a more common coin on a decentralized exchange with no KYC, and then cash that out at your Coinbase or whatever.

Also, Monero is very efficient for a proof of work coin, partially because it's designed to be mined on regular, consumer grade PCs.

According to Google, it uses somewhere between 645 and 650 GWh annually, compared to between 150 and 204.4 Terawatt-hours (TWh) for Bitcoin.

Bitcoin was the first, and as is usually the case, that makes it one of the worst.

[–] WhyJiffie@sh.itjust.works 1 points 9 hours ago (1 children)

According to Google, it uses somewhere between 645 and 650 GWh annually, compared to between 150 and 204.4 Terawatt-hours (TWh) for Bitcoin.

sure but it's also a much smaller operation

[–] prole@lemmy.blahaj.zone 1 points 5 hours ago

Fair enough. I do believe it's more efficient on a per coin basis or whatever though