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How Hamas' Crypto Fundraising Backfired - Forbes (www.forbes.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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An interesting journey, following hamas's attempt to use crypto for funding, and their abandonment of it. And their preference for cash-based funding.

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[–] [email protected] 2 points 1 year ago (6 children)

An ultimately shows that Crypto is in fast still under governmental control, negating the last remaining advantage it had.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (5 children)

Definitely the large volume on-ramps and off-ramps yes.

I think their biggest mistake was believing open ledgers were anonymous. They're clearly not.

There's only one privacy coin which even approaches anonymous fungibility, it's definitely not Bitcoin

[–] [email protected] 0 points 1 year ago (2 children)

The Lightning Network already features onion routed payments. If onion routing isn't private enough, then they'll just get caught by IP address.

The one coin to which you refer has no mechanism for verifying the total supply. So if there's ever a supply bug, then the attacker could generate infinity free money and nobody would ever know.

[–] [email protected] 3 points 1 year ago (1 children)

Monero, if that's what you're referring to, has mechanisms for auditing supply:

https://m.youtube.com/watch?v=vW9H6VIONWM&t=174s

If you're going to repeat this argument ad nauseam then at least don't do it in a misleading absolutist way.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Discussion in case any one is reading this: https://local106.com/comment/984103

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