Comment on What Would a Fair and Community-Focused Monetization Model on the Fediverse Look Like?

• Alphane_Moon@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Nice rant. A very provincial take I must I add.

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  • demesisx@infosec.pub ⁨1⁩ ⁨day⁩ ago

    Thanks. 😂 Honestly, I hate scammers. I really do. But they’re SO easy to spot.

    I feel that the hivemind threw the baby out with the bathwater when it comes to crypto. Thanks to Do Kwan, Sam Bankman Fried, etc, a whole viable set of technologies aimed at wrestling power from the world bank has been vilified by the hivemind.

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    • poVoq@slrpnk.net ⁨18⁩ ⁨hours⁩ ago

      Nono, it is not all just a scam. It is just {insert list of pretty much all relevant actors} that are scammers, the idea itself is totally legit! /s

      Futher reading: drewdevault.com/…/Cryptocurrency-is-a-disaster.ht…

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      • demesisx@infosec.pub ⁨17⁩ ⁨hours⁩ ago

        Scammers:

        • don’t tend to share any of their their source code
        • usually have an initial token allocation where insiders are given early access to more than 15% of tokens. (this one is a CRUCIAL)…Obviously, the best ITA is one where the tokens are 100% available to everyone at once.
        • heavily market their cryptocurrency before it even has a use-case (most projects fall into this category)
        • their governance is centralized to some charismatic Elon-bro that talks about price all the time
        • don’t let you to use any wallet you want (self-sovereignty is CRUCIAL)
        • don’t give you access to your keys at all times (again, self-sovereignty)
        • are not just some governance token or ERC-20 or some quickly minted Solana token ($LIBRA $TRUMP $MELANIA were all obvious scams)
        • never have a viable peer-reviewed white paper
        • their code is NEVER formally verified by neutral parties
        • use technologies that are not auditable
        • use technologies that are not decentralized

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        I’ve spotted many scammers a mile away just starting with this list off the top of my head.

        For instance, I am the moderator of infosec.pub/c/midnight and actually locked my own communities until I see the source code.

        I like the tech from what they tell me. But, I can’t, in good conscience recommend it yet because it ticks some of the above scammer boxes.

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    • Alphane_Moon@lemmy.world ⁨1⁩ ⁨day⁩ ago

      I don’t know if you know this, but in many places obsession over central banks is simply not a thing. Maybe you need some real problems in your life? It would hell you gain perspective.

      And btw, the World Bank isn’t actually a world a bank in the literal sense of the world.

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      • demeaning_casually@infosec.pub ⁨1⁩ ⁨day⁩ ago

        I don’t have time to educate you but:

        • civil asset forfeiture is a thing
        • runaway inflation due to excessive money printing is a thing
        • the work bank may not officially be a bank but what it is is a giant conglomerate of corporations that owns nations, takes part in coups, assasination, price fixing, and controls the dollar.

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