Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?

    • @[email protected]
      8•1 year ago

      It’s destroying the environment with the way it works, so it’s still an extremely shitty thing to promote.

        • @[email protected]
          2•1 year ago

          So the monero web page is lying?

          Proof of Work

          Monero uses randomx, an ASIC-resistant and CPU-friendly POW algorithm created by Monero community members, designed to make the use of mining-specific hardware unfeasible. Monero previously used CryptoNight and variations of this algorithm. More info in the GitHub repo.

          Or are you just lying trying to make a point without having a clue about what you’re talking about?

    • @[email protected]
      3•1 year ago

      Monero’s ring signatures are an actually interesting bit of cryptography. And it does provide a real benefit (private transactions) that other payment systems don’t. Of course that means it breaks all the anti-money-laundering laws to exchange money to/from Monero, but it’s less of a joke than the rest. Still PoW though, so inherently destructive and not something I’ll support.