24
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 Aug 2024
24 points (72.2% liked)
privacy
385 readers
1 users here now
Rules (WIP)
- No ad hominem allowed
- Attack the idea, not the poster
founded 2 years ago
MODERATORS
PS: for people who don't understand:
Using an Algorand-derivative for accounting-transactions, to make "cooking the books" impossible, seems to me brilliant.
But baking money-laundering into currency, as Monero does, gives leverage to organized-crime, & that's going the wrong way.
Bitcoin? it's essentially a pyramid-scheme, & the early-investors in it got super-rich as a result of that.
Algorand, the actual/official version?
even that was run as a pyramid-scheme.
Read "Attack of the 50 Foot Blockchain" & you'll get a good overview of the reality of blockchain currencies, without the hype.
I know of no-one who's doing it with outright proper integrity.
Algorand's got the correct math, apparently, but .. hasn't ANYbody got the integrity to not run it as a pyramid scheme?
ALL of them work that way, from what I've seen!
_ /\ _
The government is the master of "cooking the books". Monero just levels the playing field.
If the communists in charge of this system are not accountable to me when they try to steal from me then why should I be accountable to them when they are my employees?
The state has no right or authority to demand any information regarding your income or finances, this is a purely private matter, Monero helps to enforce this fact and restore some human dignity and sovereignty.
Yea, hard disagree there. You can go all sovcit or crypto anarchist if you want, choosing not to be part of society, but a government has absolutely the right to know where you get your money from. It's one of the foundations of a nation state to levy taxes in order to provide infrastructure, protection, regulations, etc... You seem to think a nation state is inherently evil. You are entitled to your opinion, but I think you are a useful idiot at best for criminal enterprises or outright part of one at worst.
Communist tyrants and psychopathic control freaks want to know where you get your money from.
I do not think a nation state is evil, but it needs to be limited to only a few functions. It has no business in my personal life and income.
The state is currently the biggest criminal enterprise there is. Trillions stolen and millions murdered in their wake.
You really ought to read up on communism.
And in case you didn't understand it fully yet - crypto will be overtaken by big players if it's all that super secure, since you know, those big bad guys have way more money than all of us put together.
I did read up on it. It is a deception by the banking elites to dupe morons into fighting for their own enslavement by concentrating power to the state which the banking class control.
You are more cofused than I presumed.
What the fuck are you talking about?