OC by @Charger8232@lemmy.ml

I know there are plenty of software missing from here. This is just a fun infographic I made, no need to take it seriously :)

  • Hirom@beehaw.org
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    12 hours ago

    Monero is more about polluting and money laundering than privacy.

    There is some privacy in it, but it’s overshadowed by the other things.

    • Chakravanti@monero.town
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      53 minutes ago

      It’s an actual currency. A cryptocurrency. A private cryptocurrency.

      USD stopped being a currency a longer time ago than your birth. One person tried to fix that and was infamously shot in the head for doing that.

      It’s literally negative value. Everyone has been tricked into thinking it has real value. The longer they accept this and don’t want something that is actually real, the less their…whatever…continues to be real. You can really play Ledger and trick the Talisman of Fraud to doing and being actual value in a given scenario but that don’t chain through the item itself which sheds it off the moment it leaves your hand.

      The privacy bothering you invites the thorough explination by George Orwell and many others. Like a Real Magick ritual. You will lose all privacy and unable to regain it. Your soul, should you have any left, will be a slave for the angels you slaughtered way back in the day.

      You thought death ended anything you thought life was. Figure it out before they abuse your very unendable existence, unendably.

    • bonsai@lemmy.dbzer0.com
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      10 hours ago

      Not disagreeing with you, but it’s a double edged sword inherent to any privacy-focused system. Tor grants journalists and political dissidents access to the broader world anonymously, but is also used by darknet markets to sell CP and illicit drugs.

      Privacy coins like monero allow people to spend money anonymously to purchase VPNs or prepaid phones without state actors knowing, but also enables money launderers to do what they do.

      And of course there’s the pollution problem you mention with any proof of work cryptocurrency, but at least Monero’s is more efficient that Bitcoin.

      Again not defending cryptocurrencies or discounting your thoughts just wanted to tack on to it.

  • Remy Rose@piefed.social
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    22 hours ago

    Somebody please tell me what’s up with Monero. I thought it was some kinda cryptocurrency? In what way does it avoid or mitigate any of the overwhelming number of problems those inherently have?

    • MangoPenguin@piefed.social
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      10 hours ago

      It’s essentially the only cryptocurrency that has privacy, so is good for paying for VPNs and such.

      Others like Bitcoin are not private and your transactions are visible.

    • Sophocles@infosec.pub
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      21 hours ago

      I’m not a crypto expert, but from what I know it’s one of the few currencies that have no kyc (know your customer) in order to use. The whole point of it is to have completely anonymous transactions and untracable/unmarked currecy. I used it once to buy a month of Mullvad vpn just to see how it works. I bought a giftcard with cash, traded the gift card for monero on a somewhat sketchy site, put the monero into an XMR wallet, and used the Monero to buy the vpn with wallet keys. It was a fun experiment but it was just too much time and effort to do it the right way to warrant using it 24/7

      • Kairos@lemmy.today
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        21 hours ago

        It’s not about KYC. Monero would have KYC like any other cryptocurrency. Its that the transactions are encrypted.

        • Sophocles@infosec.pub
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          13 hours ago

          Essentially what the other person said, but KYC depends on the marketplace. See getmonero.com. XMR allows for merchants to skip KYC, which other cryptos don’t do

        • whosepoopisonmybutt@sh.itjust.works
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          20 hours ago

          Its my understanding that KYC is not inherent to crypto but only to exchanges such as kraken or coinbase. Tax regulations necessitate KYC, not the technical requirements of the underlying asset.