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submitted 2 months ago by [email protected] to c/[email protected]
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[-] [email protected] 2 points 2 months ago

Extreme centrist

[-] [email protected] 2 points 2 months ago

Sounds a lot like economically right, but politically liberal

[-] [email protected] 2 points 2 months ago

Understands the importance of kidness and empathy but doesn't understand economics

[-] [email protected] 2 points 2 months ago

yeah. whatever.

[-] [email protected] 2 points 2 months ago

Libertarian

[-] [email protected] 2 points 2 months ago

I don't know if I've ever heard the quote IRL, but I've known libertarians and they've seemed fine. If all you disagree about is the particulars of economic theory it's not really worth getting worked up about.

I imagine this person being young and male, and possibly liking cryptocurrencies.

[-] [email protected] 2 points 2 months ago

I have. Most people who say this IRL are very Libertarian and very not libertarian. If they like cryptocurrency, it's something new so they can feel smart.

[-] [email protected] 1 points 2 months ago

Public service announcement that crypto isn't intrinsically dumb, but that the most popular cryptos are, and most of the fans definitely are.

[-] [email protected] 1 points 2 months ago

The most popular crypto is one of the few that's p2p and well-tested.

[-] [email protected] 1 points 2 months ago* (last edited 2 months ago)

Bitcoin? It's a first prototype that unnecessarily guzzles computing power, and has no privacy features whatsoever. We don't drive the Model T anymore.

They're all p2p, I don't know what you're talking about there.

[-] [email protected] 1 points 2 months ago

Yes.

That computing power is necessary to secure the network, without introducing security holes or economic rent. And the rate of production gets cut in half every 4 years. The alternatives you've been told about are inferior.

The Lightning Network has onion routing like Tor, and drug dealers have been using mixers for literally a decade. If there's an inflation bug in Monero (like the value overflow incident), then that will be invisible too.

We still use steam power quite a bit, and aren't replacing it simply because it's old. Most new cryptocurrencies are like a Tesla, solving problems they didn't care to understand.

If you think every cryptocurrency is peer-to-peer, then I am literally begging you to slow down and look at how they actually work before investing more. They frequently have centralized issuance, security, development, governance... you name it. It only takes one centralized part to bring down a project.

[-] [email protected] 1 points 2 months ago* (last edited 2 months ago)

I haven't been "told about" shit. I actually have a math background and know cryptography, and I've read more than a few whitepapers.

Monero does it better with actual privacy. Ripple does it with the least overhead of all. Eth changes so much I'm not even sure what all they have going on.

Mixers give a very false sense of security, relative to actual cryptography. People seem to think if you mix enough it's the same, but actually there's like a million holes in that, not to mention the trust in whoever's doing the mixing.

They frequently have centralized issuance, security, development, governance… you name it. It only takes one centralized part to bring down a project.

So? Anything worthy of the title is open source, so if someone goes evil it just forks. Monero itself started as a fork of something else IIRC. The actual algorithm isn't centralised in any of the big cases I can think of, not counting vapourware scams.

[-] [email protected] 1 points 2 months ago

I believe that you're extremely qualified in math and cryptography. But thinking that cryptocurrencies are all p2p, and that Bitcoin dominates the market because they don't know this one simple thing, are both telltale signs of a novice. They're mostly centralized scams, and the concerns you're bringing up have been discussed to death.

Monero is a great example.

You're correct that it was originally forked off of Bytecoin, which had a premine. So Bytecoin was not peer-to-peer, because one user (the issuer) had a different set of rules than everyone else. If you had invested in centralized Bytecoin, you would have lost money because it was not p2p. They had to start over!

The problem with relying on "actual cryptography" for privacy is auditability, like I mentioned above. When there was a bug in Bitcoin that allowed someone to give himself a bazillion BTC, we were able to catch and revert it immediately. If there is a bug like that in Monero, we won't know until after it's circulated as much as the premined Bytecoins did.

[-] [email protected] 2 points 2 months ago* (last edited 2 months ago)

I mean, Satoshi mined his ~1000000BTC, but from a functional perspective I don't see how that's different from just having it hardcoded in the genesis block (or equivalent in another system). It definitely doesn't make Ripple BitConnect, or one of those janky "stablecoins".

The problem with relying on “actual cryptography” for privacy is auditability, like I mentioned above. When there was a bug in Bitcoin that allowed someone to give himself a bazillion BTC, we were able to catch and revert it immediately. If there is a bug like that in Monero, we won’t know until after it’s circulated as much as the premined Bytecoins did.

It's a problem, sure. If you want auditability at the expense of any guaranteed privacy, again, Ripple. It's is totally transparent, assuming you keep a backup of all the old closed ledgers. And uses computing power more comparable to an old-fashioned bank account than to Bitcoin.

But thinking that cryptocurrencies are all p2p, and that Bitcoin dominates the market because they don’t know this one simple thing, are both telltale signs of a novice.

It's never been my main squeeze, but I've dabbled since the early days. Do with that what you will.

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[-] [email protected] 2 points 2 months ago

It means "i'm not a racist, but i still prefer billionaires getting all the money"

[-] [email protected] 1 points 2 months ago

"I haven't thought about politics for more than 30 seconds in my entire life but I don't want to admit that and don't want to sound like a complete asshole" is about the most charitable way I can translate that sound bite.

[-] [email protected] 1 points 2 months ago

'You're lying to either me, yourself, or both. You're a full on conservative and don't want to admit it.''

[-] [email protected] 1 points 2 months ago

opposite of me I guess

[-] [email protected] 1 points 2 months ago

Just like every other liberal they are a nazi sympathizer.

[-] [email protected] 1 points 2 months ago

I won't waste my life savings on hookers and blow but you should absolutely have the freedom to do so without judgment

[-] [email protected] 1 points 2 months ago

I think "I want to keep my money and let you get gay married"

[-] [email protected] 1 points 2 months ago

As someone who calls himself that:

"I am a liberal but the liberal want to go after the upper middle class instead of after the top 0.1%"

P.S: I'm from Switzerland, so don't tell me about Trump. I knoe he's a fascist and I would have voted against him. But here in Switzerland we have more moderate choices.

[-] [email protected] 1 points 2 months ago

I think in terms of American politics this means you are buying the shit that both sides are peddling to distract you from what the actual problems are and what is actually causing them

[-] [email protected] 1 points 2 months ago* (last edited 2 months ago)

"I'm simple and don't bother to look deeper into anything"

[-] [email protected] 1 points 2 months ago

Racist. It’s always dogwhistle racism.

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this post was submitted on 26 Mar 2025
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