• Mandy@beehaw.org
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    1 year ago

    since when has crypto ever been private, it literally advertises itself with the fact you can track every single purchase anyone has ever made by simply knowing their wallet adrress

    • itchy_lizard@feddit.it
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      1 year ago

      Nope, read the Bitcoin white paper. But that was an old coin with some issues that are clear in hindsight and have been fixed in prkvscy coins like zcash & monero.

      • Mandy@beehaw.org
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        1 year ago

        even if that claim is true, crypto is still hot garbage that never has done any good to the world what did crypto actually do that was positive, something that isnt some esoteric cryptobro bullshit can you actually, genuinely tell me one, hell, two things crypto actually does that is good?

        and please dont come at me with financial security or freedom, cause that is a bunch of baloney

        • andruid@lemmy.ml
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          1 year ago

          Provided an alternative reserve currency that isn’t controlled by countries clearly trying to gain economic domination over smaller nations.

          • Mandy@beehaw.org
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            1 year ago

            Not controlled by countries and also making it so extremely volatile that it can loose its value literally in seconds

            • andruid@lemmy.ml
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              1 year ago

              It’s that there is significant institutional support to keep the current monitory regime in power. There have been plenty of volatile state controlled currencies too.

              • Mandy@beehaw.org
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                1 year ago

                You so realize how Looney you sound right

                Name me a single currecny that has ever been able to loose its value in literal seconds, just one, go on ill wait

                only your fake funny code coins are able to that arent they

                • andruid@lemmy.ml
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                  1 year ago

                  To be honest I don’t know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.

                  Again there work towards that happening hence why there is some stability.

                  • Mandy@beehaw.org
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                    1 year ago

                    lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously? it just takes one person with a lot of them to tank its value in seconds

                    “pegged” currency as youd like to call it cant be crashed that easily nor that fast