Comment on Bandcamp... What now?
iopq@lemmy.world 11 months agoI just looked up Monerun
Monero is not doing “printing currency”. Some exchanges that promise to pay you monero may not hold it. That’s the same what your bank does. The back seldom has enough dollar bills to pay all of its depositors money.
But again, this is between an exchange and its customers. You can gasp use another exchange and withdraw your money immediately after using it
ttmrichter@lemmy.world 11 months ago
And you know this because…?
Right. You don’t. Because Monero is obstinately opaque in its operations. You’re taking it on faith (or, rather, you’re trying to make sure you’re not the bottom of the pyramid when everything goes to Hell).
iopq@lemmy.world 11 months ago
That’s not how that works, you prove your claim that monero has coins created in excess of what the protocol allowed. You can’t just make shit up and expect me to debunk it
ttmrichter@lemmy.world 11 months ago
The system is set up so it cannot be proved until it’s too late. Like a hi-tech Madoff scheme. It has zero transparency. None.
In the absence of transparency, the only safe and sane assumption is “a scam is in operation”.
iopq@lemmy.world 11 months ago
This is actually not true, because if you received a transaction that is “printed” money due to some bug, it would be provable. This has not happened