Comment on Can we please make a viable (federated!) amazon alternative? I have an idea!
muntedcrocodile@lemm.ee 1 week agoMost crypto markets yes they are manipulated because their value is purely speculative and not tied to physical goods. Xmr is used extensively across the dark web tiring it to real world goods stabilising its value.
U think the government or a bank should have the right to just freeze ur money whenever they want or feel like it? U want ur entire purchase history being sold to databrokers who will use it to profile you so they can sell u crap and up ur insurance rates to the maximum point possible.
If u looked at my profile u would have noticed an Aussie flag so ur american argument doesn’t work.
U still haven’t found a metric by which xmr is worse.
Alphane_Moon@lemmy.world 1 week ago
I could see XMR being less manipulated on a relative basis, but all of crypto is far far more manipulated than any fiat (even of small country of say 3 million people). Because rela currency reflect real economic activity that spans a broad range of use cases.
Yeah, I don’t believe in edgelord type stuff. You do want the government to be able to freeze the money of criminals and malicious oligarchs.
You don’t need Monero (or crypto) to solve the databroker issue. It’s a matter of expectations,vstandards and law enforcement. And you know that Monero won’t solve the data collection issue. The products you purchase aren’t on a blockchain platform and they interact with the real world, therefore you can make a dataset for tracking of them.
Don’t look at people’s profiles.