• db0@lemmy.dbzer0.com
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    3 days ago

    I’m ok with people promoting services which accept cryptocurrencies (hell, Lemmy itself accepts crypto donations). However promoting cryptocurrencies itself is a no-no in our instance.

    Also: Crypto is a not private. The blockchain is public.

    • jetA
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      3 days ago

      Crypto is a not private. The blockchain is public.

      Not necessarily true for all ledgers, such as monero.

      https://www.getmonero.org/get-started/faq/#anchor-different

      Monero uses three different privacy technologies: ring signatures, ring confidential transactions (RingCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

      • db0@lemmy.dbzer0.com
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        3 days ago

        Monero users can and have been deanonymized by the police. Monero also acts as a de-facto tumbler, meaning by using it, you’re money laundering for criminals as a matter of course.

      • LWD@lemm.ee
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        3 days ago

        Crypto is a not private. The blockchain is public.

        Not necessarily true for all ledgers, such as monero.

        Necessarily true for Monero. Theirs is public too, freely available for anyone to download and analyze. The rest of your response did not refute this. An honest response might have been “transactions are public, but…” and you could have laid out your rebuttal, but denying a fact and following it up with irrelevant PR does not make me more confident in the project.

        That, and the simple explanation that evangelizing Monero has a perverse incentive I hadn’t even considered (it benefits money launderers in addition to speculators) makes me trust it all the less.

        • jetA
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          3 days ago

          I’m not trying to defend monero here, but the ability to have a conversation about such things.