Comment on Lockbit Ransomware Cripples Australian Ports, Chinese Bank
Ultra_Unlimited@discuss.tchncs.de 10 months agoIt’s so complicated. I see it more and more as you frame it here but of course the main selling points are “decentralization” “privacy” focused so it’s kind of twisted and you wonder who is really fleecing who here.
EmperorHenry@infosec.pub 10 months ago
crypto currency is good. I’m talking about central-bank-digital-currency being bad.
The dictatorship of Australia just went cashless and their systems for managing it have failed to work the way they’re supposed to multiple times now.
Ultra_Unlimited@discuss.tchncs.de 10 months ago
That’s the thing. Crypto by its nature is somewhat murky and we’ve never really known who hold what or how many whale institutional investors have been pumping and dumping coins to circumvent troubling anti money laundering KYC regs etc
Now that you have actually central banks getting into the mix, pushes for global digital ids and mandating that citizens participate or not have access to free trade is truly dystopian imo though this too was written long ago
Ultimately I am optimistic but I understand the real hardships being faced by global citizens stuck behind the curtain of oppressive regimes. I watched the shift in the EU and it’s like night and day where things are now compared to a decade ago
EmperorHenry@infosec.pub 10 months ago
Many crypto currencies that no one has ever heard of are worthless and will always be worthless, but bitcoin, manero and dogecoin are worth something. bitcoin and manero are worth A LOT, dogecoin is worth almost nothing, but its value goes up and down really fast and really drastically every time it changes.
Also it’s a good thing that no one can track who has what amounts of which crypto currency, don’t you think? That way the banks can’t monitor or control it.
Ultra_Unlimited@discuss.tchncs.de 10 months ago
It’s a good selling point but I believe the whales have always been able to manipulate markets as a result of these supply chain issues not to say its very different from central banking but I truly question how decentralized control is across the cryptolandscape.