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Only Monero gets it? Rest of Crypto ignores FOSS (monero.town)

submitted 10 months ago* (last edited 10 months ago) by ShadowRebel@monero.town to c/monero@monero.town

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It seems like both the larger cryptocurrency community, as well as the FOSS community both just don’t get it. Cryptocurrency and Open Source are clearly related yet only the Monero community seems to give a shit.

FOSS community is so left-brain washed socialist that they are stuck in the money is evil and bitcoin is climate change. Crypto community is stuck in the no-adversaries mindset, as the SEC declares their products illegal but they use google, cloudflare, telegram, no understanding of any threat.

Monero & Linux are linked: https://simplifiedprivacy.com/cryptocurrency-ignores-open-source/

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[-] library_napper@monyet.cc 8 points 10 months ago

Bitcoin, Ethereum, and any serious cryptocurrency projects all champion FOSS. I dont see your point.

[-] jet@hackertalks.com 3 points 10 months ago

Plenty of open source projects accept monero donations as well.

As with any group of people, some people ars already with it. Some people are against it, and most people aren't aware.

[-] VolunTerry@monero.town 3 points 10 months ago

Yep, awareness and education are the current stumbling blocks. So many coins and projects competing for attention, combined with the averages persons (often justified) skepticism of the crypto space in general make for plenty of work for the evangelists and educators before we get to far greater levels of adoption.

I personally think adoption will come through harsh lessons and adversity before the realization of necessity for what Monero offers follows.

I wish it weren't so, but that's how most small ideas and projects that don't have large state actors and super powerful monied interests behind them compelling or pushing propaganda for adoption gain main stream acceptance and use.

[-] ShadowRebel@monero.town 3 points 10 months ago* (last edited 10 months ago)

The bulk of the crypto wallets are not open source, including the most popular ones. And the crypto websites themselves use Google, Cloudflare, Telegram, ect

[-] library_napper@monyet.cc 2 points 10 months ago

The bulk of any financial provemiders in either crypto or fiat are scams.

If you're expecting the masses to not be shit, you're going to be disappointed.

[-] adespoton@lemmy.ca -4 points 10 months ago

There’s nothing wrong with digital ledgers like blockchains; they have very limited application to finance, however. Thousands of years of history have shown us that federated centrally controlled currencies with the ability to revoke and semi-privacy (the currency can be tracked but not the user of the currency) are the way to go.

Unfortunately, no blockchain-based currency has yet met these requirements, including Monero. It gets some things right, but still fails on a number of others where physical cash continues to be the best option.

It’s not cryptocurrency everyone is against, just all the implementations that we’ve seen so far.

[-] mister_monster@monero.town 7 points 10 months ago

For thousands of years people used 100% private, difficult to revoke not centrally controlled currencies actually. These are gold and silver standard weights and coins. The current state of affairs started in the 30s and really kicked off in the 70s, with not redeemable cash. Even then, we still had privacy and it was hard to revoke. The non privacy aspect of money is really 30 or so years old. What the fuck are you on about man?

[-] jet@hackertalks.com 6 points 10 months ago

Lots of human history was dominated by trading in commodities/ gold / physical objects. I recommend the great book debt: the first 5000 years

I'm confused how a central authory revokes physical currency in the past? Especially when talking about precious materials.

[-] mister_monster@monero.town 4 points 10 months ago

The same way they'd revoke your crypto: kick your door in and crack open your safe. This guy doesn't have a clue what he's talking about. Crypto is no more difficult than gold coins or cash to revoke.

[-] VolunTerry@monero.town 1 points 10 months ago

It is much harder to compel someone to divulge the contents of their mind than it is to confiscate a physical object, whether locked away or tied to their body or not. If your seed phrase or password is memorized or sufficiently disassociated then the threat actor can't simply break into your safe, identify the crypto and take it. It lives on the blockchain and is never really in your possession. You only have the keys to access it. And those keys are much harder to get at than a physical object IF you take the precautions to avail of this benefit that is distinct from self-custodied physical commodities storage.

Hard assets and digital currencies both have strengths and weaknesses that shine in different circumstances. It doesn't have to be an either/or scenario.

[-] VolunTerry@monero.town 2 points 10 months ago

You're correct in relation to precious metals and other commodities that attain some form of communally accepted value independent of a centralized authority. In that case someone has to physically come take them from you by force or theft as the other poster noted. Or alternatively turn peoples minds collectively away from perceiving value in it to accomplish a similar effect by different means.

As for other physical currency, that can be "revoked" by a central authority like a central bank at will. If they deem it worthless and disable use of it in commerce tomorrow, it's not long before the average person agrees and it becomes only as valuable as the base paper or coin representing it. There is no need to physically seize it, but it has a similar effect as revocation or seizure would in terms of ongoing usefulness of its previous purpose to you.

This can also occur slowly over time via currency manipulation. The USD has lost somewhere in the range of 96% of its value or purchasing power since 1913. This isn't complete revocation, but again, accomplishes a similar goal without the need for physical confiscation.